A branch of the VBS Mutual Bank. Three people, including two former senior officials at the Lepelle-Nkumpi Local Municipality and a businessman, are expected to appear in the Polokwane Special Commercial Court in Limpopo today. Their appearance is in connection with the alleged corruption related to the VBS Mutual Bank scandal. Former municipal manager Thabo…
FlySafair airline Trade union Solidarity has threatened a strike action at local and regional airline, FlySafair over wages. This following a move to rope in the CCMA to facilitate wage talks at the airline that have been ongoing for three months, leading to a deadlock. Solidarity is the largest union at FlySafair with demands that…
Gautrain at a station Trade union NUMSA has confirmed that it has signed a wage deal with the Bombela Operating Company, which runs the Gautrain. The union had threatened the possibility of workers striking at the Gautrain commuter rail service earlier this month, after being issued with a certificate to strike by the CCMA. The…
FATF flag The Financial Action Task Force (FATF) President Eliza De Anda Madrazo says they have recognized South Africa’s efforts in addressing deficiencies in anti-money laundering and counter terrorism regulations. De Anda Madrazo says the task force will have its annual plenary visits to South Africa in August to assess the country’s progress with its…
Ministers from across the globe gather for the G20 Compact with Africa (CwA) side event at the G20 Fourth Finance and Central Bank Deputies Meeting in Durban on 16 July 2025. Finance Minister Enoch Godogwana says the Compact with Africa initiative, which was launched in 2017 under the chairmanship of South Africa, has grown into…
Cattle in an enclosure. Red Meat Industry Services (RMIS) CEO Dewald Olivier has called for the improved containment of infectious diseases in the agriculture industry. This follows a fresh outbreak of foot-and-mouth disease (FMD) in the Moqhaka local municipality near Kroonstad, Free State. The Department of Agriculture earlier this month announced the successful containment of…
Coca-Cola soda is shown on display during a preview of a new Walmart Super Center prior to its opening in Compton, California in the United States. Donald Trump said on Wednesday that Coca-Cola had agreed to use cane sugar in its beverages in the United States after his discussions with the company. “I have been speaking…
DP Paul Mashatile arrives at Shunyi Centre in Beijing Deputy President Paul Mashatile has addressed the opening ceremony of the China International Supply Chain Expo in Beijing. Mashatile is on a working visit to China. The visit is aimed at strengthening bilateral relations and economic cooperation. Mashatile says that South Africa is committed to strengthening…
Person transacts with a card machine A second consecutive increase in economic transactions was noted in June by BankservAfrica’s Economic Transactions Index (BETI). The BETI measures the value of all electronic transactions cleared through BankservAfrica on a monthly basis at seasonally adjusted real prices. The value of economic activity ticked up in June to an…
Governor of the South African Reserve Bank Lesetja Kganyago attends a seminar titled “The Evolving Art of Monetary Policy in Emerging Markets” during the 2025 annual IMF/World Bank Spring Meetings in Washington, D.C., U.S., April 25, 2025. US President Donald Trump’s tariffs on South Africa could cause around 100 000 job losses, with the agriculture…
