Business

A banner welcoming visitors to the City of Ekurhuleni offices. The Democratic Alliance (DA) in Gauteng says the City of Ekurhuleni‘s debt to service providers has ballooned from R6 billion to R13 billion in just a month, resulting in projects grinding to a halt. The DA’s Member of the Provincial Legislature (MPL), Mike Waters, says…

[FILE IMAGE]: Yanga Mputa giving a Public Lecture on “Making Taxpayers Rights Matter”. Ms Mputa was hosted by the Faculty of Law at UJ. The Office of the Tax Ombud has found that eFiling profile hijacking is most prevalent among tax practitioners and individual taxpayers. The draft eFiling profile hijacking report notes that the majority…

A worker harvests grapes at the La Motte wine farm in Franschoek near Cape Town, South Africa Experts have warned that uncertainty over jobs and trade still hangs over South Africa following the expiration of the African Growth and Opportunity Act (AGOA). Political economist Professor Patrick Bond says in the absence of any relief on…

South African Minister of Trade, Industry and Competition, Parks Tau, speaks during a press conference, in Washington, DC, US, May 21, 2025. The United States-Africa preferential trade pact, known as the African Growth and Opportunity Act (AGOA), has officially expired. However, Trade, Industry and Competition Minister Parks Tau remains confident that a renewal is imminent….

PRASA passenger trains seen at a station The Democratic Alliance (DA) will today lodge a formal complaint against the Passenger Rail Agency of South Africa (Prasa) at the Public Protector’s office in Johannesburg. This follows DA oversight visits uncovering alleged abuse and misspending of R3.5 billion to refurbish the old grey-and-yellow trains set to be…

A fuel refinery South African National Petroleum Company CEO Godfrey Moagi has highlighted Africa’s pressing energy gaps. He was speaking on the first day of the 5th annual African Energy Week 2025 at the Cape Town International Convention Centre. Moagi says fostering strategic partnerships is crucial to unlock the continent’s opportunities and drive sustainable growth….

Eskom head office in Sunninghill in Johannesburg. Eskom has recorded a R16 billion profit after taxes. This is for the first time in eight years the power utility has shown a profit This was revealed by CEO Dan Marokane at a media briefing in Johannesburg on Tuesday afternoon. The power utility says this profit will…

File image The African Growth and Opportunity Act (AGOA), a key cornerstone of US–Africa trade for the past 25 years, is set to expire on September 30. The programme, launched in 2000, granted duty-free access to the US market for thousands of products from eligible Sub-Saharan African countries. It was intended to drive economic growth…

The US dollar was on the back foot on Tuesday in cautious trading as investors braced for a possible US government shutdown that would halt economic data releases including the crucial jobs report later this week. Government funding will expire at midnight on Tuesday unless Republicans and Democrats agree to a last-minute temporary spending deal, with President Donald Trump…