Mineral Resources and Energy Minister Gwede Mantashe Economist Lumkile Mondi says remarks made by the Minister of Mineral Resources and Energy Gwede Mantashe during an interview with SABC show how alienated he is from ordinary South Africans. WATCH | Economist Dr Lumkile Mondi says Mineral Resources Minister Gwede Mantashe’s weekend remarks urging South Africans to…
Major stock indexes jumped and oil prices gained on Monday, with energy shares climbing and investors reacting mostly calmly to potential market ramifications after a US military strike that captured Venezuelan President Nicolas Maduro. The Dow Jones Industrial Average hit a record high early. The S&P 500 energy index jumped more than 2% with shares of Exxon Mobil also up…
A 3D-printed oil pump jack is seen in front of displayed OPEC logo OPEC+ agreed to maintain steady oil output at its meeting on Sunday, the group said in a statement, despite political tensions between key members Saudi Arabia and the UAE, and the US capture of the president of smaller producer Venezuela. Sunday’s meeting…
Bottles of alcohol seen on a table. Gauteng police have raised concerns about the on going sales of illicit alcohol in some of the province’s outlets, despite their calls for compliance to the law. Police say they are concerned that illegally produced alcohol will put the lives of the people at risk. In the past…
Diesel pump The New Year is set to bring some much-needed relief for motorists at the pumps with major fuel price cuts on the cards. Data for end of December from the Central Energy Fund shows petrol prices could drop between 59 cents and 63 cents per litre. This while diesel users could see bigger…
SABC building in Auckland Park, Johannesburg. The South African Broadcasting Corporation (SABC) has reacted to a message circulating on social media that people are posing as TV licence inspectors to gain entry to people’s homes and then rob them. SABC Spokesperson, Mmoni Ngubane, says the broadcaster has not appointed any inspectors or officials to inspect…
A view of a Durban beach. Durban is close to equaling pre-COVID 19 festive season visitor numbers thanks to hard work over the past year to market attractions, beef up safety and rehabilitate storm damaged sewage infrastructure. Durban Tourism deputy director Winile Mntungwa says preliminary figures show that average hotel occupancy rates in the metro…
FILE | Trader along a beachfront While the festive season is known for packed beaches and sunny days along the Eastern Cape coast, it’s also a crucial period for local businesses. In Summerstrand, in Gqeberha, the influx of holidaymakers has brought a welcome boost for informal traders and service providers operating along the beachfront. Beachside…
A man points at a computer screen showing stock information European shares hit a record high on Friday in the first trading session of 2026, after capping the previous year with stellar gains, as defence shares led the advances. By 0820 GMT, the pan-European index rose 0.4% as investors returned from New Year celebrations. The…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, US on December 17, 2025. Wall Street was poised for a subdued open on the last trading day of 2025, but approached a robust end to a roller-coaster year marked by uncertainty over President Donald Trump’s tariffs and unrivalled…
