Gauteng sign board 1 minute The Gauteng provincial government has refuted media reports claiming that the province is on the brink of bankruptcy. While the provincial government concedes the commitment to repay the e-toll debt has dealt a blow to its finances, it says a host of reforms will be implemented to meet budgetary obligations….
A bunch of alcohol bottles wait to be filled and labelled ahead of packaging. 2 minutes The National Liquor Traders Council Convenor Lucky Ntimane says their members managed to meet their sales targets in December. Ntimane says the festive always presents an opportunity for traders to increase their sales. “I think the festive season will…
A logo is seen on the roof of the ArcelorMittal building. 2 minutes The KwaZulu-Natal MEC for Economic Development, Reverend Musa Zondi, has called for an urgent national government intervention to prevent ArcelorMittal from closing its so-called longs steel business in Newcastle and Vereeniging. Longs refer to structural steel which is mainly used in railways,…
Buses seen at a depot. 2 minutes The North West provincial government has provided some lifeline to employees of the troubled North West Transport Investment (NTI). The provincial Transport Management Department says it will pay them in 10 days. Some employees spent the festive season camping outside the provincial legislature in Mahikeng. The government says…
A general view shows ArcelorMittal South Africa office. 1 minute The National Union of Metalworkers of South Africa (NUMSA) has called on the government to hold public engagements with stakeholders to address potential job losses at ArcelorMittal. This follows the company’s announcement of its decision to wind down its steelmaking operations, putting an estimated 3…
2 minutes Indonesia will formally join BRICS as a full member, Brazil’s government said on Monday, further expanding the group of major emerging economies that also includes Russia, India, China and South Africa. Indonesia’s foreign ministry said in a statement on Tuesday that it welcomed the announcement and that “BRICS membership is a strategic way to increase collaboration…
A general view shows ArcelorMittal South Africa office. 3 minutes Industry players have warned of the broader consequences of ArcelorMittal South Africa’s decision to shut down its long steel business. The decision places around 3 500 direct and indirect jobs at risk at its Newcastle and Vereeniging operations. The company has attributed this to the…
Representational image of tax. 2 minutes President Cyril Ramaphosa has signed a law to enforce a 15% global minimum corporate tax rate for multinational companies that are paying less than 15% tax on their earnings. The act signed into law last month on the eve of Christmas forms part of a global tax movement for…
Raw corn is shown as it is unloaded for processing at a plant. 2 minutes There are some green shoots for South Africa’s agriculture industry. Agri economists believe many staple crops will benefit from the El Nino weather phenomenon that is expected to bring more rain this year. But for farmers in the Northern Cape…
3 minutes Tourism authorities in the KwaZulu-Natal Midlands region say the festive season has been a huge success. They have seen an unprecedented surge in tourism, with hotels and accommodation establishments operating at full occupancy throughout the season. Adding that the strong demand underscores the growing popularity of the area as a sought-after destination for…
