Federal Reserve Governor Lisa D. Cook speaks at the Economic Club of New York US President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign, intensifying his effort to gain influence over the central bank on the basis of allegations made by one of his allies about mortgages Cook holds in…
Shoppers stand at a Pick n Pay store at the Dobson Point Shopping Centre, in Soweto on March 19, 2024. Independent Economist Elize Kruger expects inflation to remain well contained despite an increase in the July Consumer Price Inflation (CPI). The CPI rose from 3% in June to 3.5% in July. The main drivers of…
A worker cuts through steel at the Southern African Shipyards where a tug for the state-owned enterprise Portnet is under construction, in Durban. A South African government trade body looking into the country’s struggling steel sector proposed import duties starting at 10% to defend the industry from an influx of imports mainly from China. The…
An illegal mining site is discovered in the Sekhukhune District in Limpopo during Operation Vala Umgodi on 15 August 2025. The Bench Marks Foundation says that illegal mining is an economic problem that police cannot address. This as police intensify their Operation Val’ Umgodi, which is aimed at eradicating illegal mining in the country. Critics say the operation…
Headline consumer inflation jumped to 3.5%in July from 3% in June 2025. According to Statistics South Africa, this is the highest rate since September 2024, when it was 3.8%. The main contributors to the annual inflation rate were food and non-alcoholic beverages, particularly meat, followed by municipal tariffs. Inflation for food and non-alcoholic beverages rose…
A person with SA rands. The hearing of the Competition Commission’s pursuit for justice in the decades-long rand manipulation matter is set to resume in the Constitutional Court this morning. The commission has stressed that the issue of jurisdiction is critical because without it, a regulatory gap would remain. It says this would effectively allow anyone to collude in…
Banners advertising TICAD held in Yokohoma, Japan. Japanese Prime Minister Shigeru Ishiba has reaffirmed the world’s fourth largest economy is eager to work with Africa. He addressed the 9th Tokyo International Conference on African Development in Yokohama. The gathering is held under the theme: Co-creating innovative solutions with Africa. South Africa is represented by President…
The My Vote Counts (MVC) requests for President Ramaphosa to give out full records of the Political Party Funding Act. NGO My Vote Counts (MVC) says it will be writing to President Cyril Ramaphosa to request that he releases the full record of the reasons he considered amendments to the Political Party Funding Act earlier…
The refurbishment of the Welkom cargo airport in the Free State has been thrust into the spotlight as contractors battle for legitimacy. The owners of King Michaels company claim its idea was hijacked and handed to a competitor after it won the tender to refurbish Welkom airport. The Chief Operating Officer of King Michaels, Rachenepe…
Nedbank Head Office. Nedbank’s legal representative, Senior Counsel Anthony Gotz has argued the Competition Commission has failed to connect the bank to the Bloomberg chatroom activities linked to the manipulation of the rand. The bank’s legal representative says it is merely implicated based on a Reuters trading platform that is noted as sharing similarities with…
