FILE | A worker at Tongaat-Hulett Mill. The High Court in Durban will hear an application for the provisional liquidation of Tongaat-Hulett on Friday. Business rescue practitioners have brought the application. The company was placed under business rescue in 2022. Since then, the 134-year-old sugar giant has suffered a R12 billion share value loss. This…
Ekapa mine shaft Over 1 000 workers have been left jobless and their salaries not paid after the Ekapa Minerals Mine, where five miners remain trapped after a mud rush incident last Tuesday, was put under liquidation. The National Union of Metalworkers of South Africa (Numsa) says it will approach the courts for a way…
A Cosatu affiliated member holds up a placard in protest against GEMS’ 9.8% premium hike during a National Day of Action in Pretoria on 26 February 2026. Public sector unions affiliated to the Congress of South African Trade Unions (Cosatu) have given the Government Employees Medical Scheme (GEMS) seven days to reverse the 9.8% premium hike…
President of World Economic Forum Borge Brende gives his welcoming remarks at the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 21, 2025. The President and CEO of the World Economic Forum, Borge Brende, announced he was stepping down on Thursday, a few weeks after the forum launched an independent investigation into…
File image| Ekapa Mine in Kimberley in the Northern Cape. Mineral and Petroleum Resources Minister Gwede Mantashe will return to the Ekapa Mine on Friday, where five miners are still trapped after a mud rush incident. Mantashe’s follow-up visit comes after the diamond mine, which is Kimberley in the Northern Cape, announced its decision to…
Finance Minister Enoch Godongwana Editor’s Note: The SABC would like to issue a formal retraction and unreserved apology regarding an earlier report in which we stated that Finance Minister Enoch Godongwana had committed to intervening in the financial challenges of Telkom. This was incorrect. This story has been updated to correctly reflect that the Minister…
Finance Minister Enoch Godongwana flanked by Deputy Ministers Ashor Nick Sarupen and Dr. David Masondo, and South African Revenue Services Commissioner (SARS) Edward Kieswetter ahead of the Budget Speech on February 25, 2026. African National Congress (ANC) Spokesperson Mahlengi Bhengu-Mtsiri says the focus on local government is one of the positive developments in the 2026…
SABC’s Henley entrance with the Sentech tower in the background. Finance Minister Enoch Godongwana has announced a R700 million special appropriation for the Department of Communications and Digital Technology. Godongwana made the announcement in his Budget Speech earlier Wednesday. National Treasury had earlier this month allocated R889 million to the state signal distributor, Sentech after…
Finance Minister Enoch Godongwana Finance Minister Enoch Godongwana says the local economy is gaining traction, reflecting early momentum gained from the ongoing economic reforms. Godongwana presented a R2.7 trillion budget in a more positive backdrop, despite the global uncertainty that is still lurking. Gallery below: GCIS
[File Image]: A worker at a sugar factory, The multi-billion rand fraud case against six former executives of the embattled sugar giant Tongaat-Hulett and an auditor has been postponed to 10 September for a pre-trial hearing. The accused appeared briefly in the Durban High Court on Thursday. The long-standing case, which dates back to 2019,…
