It’s business as usual as lotto tickets are still valid for 365 days. 1 minute The South African National Lottery says there’s no need for consumers to feel uncertain about whether the lottery is still operational or not. This as the South African National Lottery undergoes a significant transition marked by a change in the…
Central banks and supervisors globally play a critical role in managing the negative economic, and financial impact of climate change. 2 minutes Reserve Bank Deputy Governor and CEO of the Prudential Authority, Fundi Tshazibana says part of the central bank’s work in the G20 plans will be focused on the funding of climate change adaptation…
Comrades Marathon start point. 3 minutes The oldest and biggest ultra-marathon worldwide, the Comrades Marathon, is set to be bigger and better than last year. This year’s down-run from Pietermaritzburg to Durban has attracted a record-breaking 24 000 runners. The previous down-run in 2018 attracted 19 047 runners. Chief Operations Officer of the KwaZulu-Natal Tourism…
Northern Cape Co-operative Governance MEC, Bentley Vass 2 minutes Northern Cape Cooperative Governance MEC Bentley Vass has expressed concern about the poor state of municipalities in the province after only two receiving clean audits. The Auditor-General’s (AG) 2023-2024 report revealed a deteriorating financial state of municipalities with irregular expenditure standing at R 3.7 billion. The…
A farming tractor. 1 minute Agriculture Minister John Steenhuisen says the country should push for meaningful participation of black businesses in the agriculture sector. He says it’s unacceptable that in the country’s 31-year democracy, only 10 percent of farmers are black. Steenhuisen was among Cabinet Ministers who delivered an address at the Black Business Council…
Goodyear manufacturing plant 1 minute The Nelson Mandela Bay (NMB)Business Chamber in the Eastern Cape, says lack of basic enablers and the possible United States tariff policy to be imposed have been a major threat to the manufacturing industry in the country. This follows the news that the tyre manufacturing company, Goodyear, has initiated Section…
Public Service and Administration Minister, Chief Mzamo Buthelezi speaks at an International Womens’ Day event on March 10, 2025. 3 minutes Public Service and Administration Minister Chief Mzamo Buthelezi says the department is compiling a comprehensive report to determine the financial costs of ghost employees. This comes after Finance Minister Enoch Godongwana highlighted the financial…
South African R100 notes. 1 minute The Business Confidence Index (BCI) produced by Rand Merchant Bank and the Bureau for Economic Research has declined by five points to reach 40-points in the second quarter of 2025. This implies that only four out of 10 business respondents in the most cyclically sensitive sectors of the economy…
Natural gas pipeline 2 minutes Members of Parliament’s Electricity and Energy Portfolio Committee, as well as stakeholders in this industry, have expressed concern about South Africa’s impending gas supply challenge which could take place in the middle of 2028. Entities like the Central Energy Fund, Sasol, the South Africa Oil and Gas Association and Business…
Reserve Bank Governor, Lesetja Kganyago. 2 minutes Governor Lesetja Kganyago says the Reserve Bank’s fight against inflation is starting to yield positive outcomes, bringing about relief for consumers facing economic pressures. Kganyago led the SARB Forum on an engagement with members of the community in Soweto, following the announcement of an interest rate cut by…
