VBS branch. 2 minutes The VBS Mutual Bank liquidator’s office says it has managed to recover R670-million which will be paid to verified creditors. It says they include municipalities that had invested in the defunct institution. Before the bank collapsed more than six years ago, 14 municipalities and thousands of clients had invested in it….
1 minute South Africa’s rand was little changed early on Monday as investors await Finance Minister Enoch Godongwana’s budget speech later this week, which will provide insights into Africa’s most industrialised economy. At 07:27 GMT, the rand traded at 18.3575 against the U.S. dollar , near its previous closing level of 18.3525. Analysts said all…
Illustrations of a balloon and red rose. 1 minute The Southern African Fraud Prevention Service (SAFPS) has warned people of a rise in romance schemes. It has warned that scammers are increasingly using romance scams by influencing or deceiving a victim. SAFPS says the aim is to gain control of their computer or steal personal…
South African rand notes. 1 minute The rand is trading at R18.31 to the US dollar; R23.11 to pound sterling, and R19.25 to the euro. The euro is trading at $1.05, and the dollar is trading at 152.1-1 Japanese yen. In China, a dollar is changing hands at 7-yuan-25 and in India at 86-rupees-56. Bourses…
Panama-flagged container ship “Ever Goods” is seen at the loading terminal “Burchardkai”, in the port of Hamburg, Germany 1 minute The European Union plans to block imports of certain foods made to different standards in an effort to protect its farmers, echoing US President Donald Trump’s reciprocal trade policy, the Financial Times reported on Sunday. The European Commission…
4 minutes The demand for roses has gone up as lovers around the world celebrate Valentine’s Day. The surging demand has led to shortages in supply in South Africa, partly blamed on climate change. This is forcing local florists to import flowers, leading to the pushing up of prices. However, this has not discouraged those…
A Transnet Freight Rail train is seen next to tons of coal mined from the nearby Khanye Colliery mine, at the Bronkhorstspruit station, in Bronkhorstspruit, around 90 kilometres north-east of Johannesburg, South Africa, April 26, 2022. 2 minutes Coal will remain powerful and a part of the energy mix of the country. This is the…
Gauteng Finance MEC Lebogang Maile addresses the business breakfast at the JSE. 1 minute Gauteng Finance MEC Lebogang Maile says the expansion of roads has been identified as one of the key projects to stimulate economic growth in the province. Maile addressed a business breakfast at the Johannesburg Stock Exchange (JSE) together with the JSE’s…
Container ships are seen outside Transnet’s harbour. 2 minutes Transnet National Ports Authority (TNPA) has signed two major Terminal Operator Agreements – that will lead to the development of South Africa’s first Liquefied Natural Gas (LNG) import terminal and a liquid bulk terminal at the Port of Richards Bay’s South Dunes precinct. The TNPA initiative…
Containers due to be shipped. 1 minute The South African Chamber of Commerce and Industry (SACCI) Business Confidence Index edged down to 120 in January from December’s 121. The decline in the index was mainly attributed to lower export volumes. SACCI says stronger imports, vehicle sales and rising tourist numbers had a positive influence. The…
