File image: City Power technician repairs electricity lines in Johannesburg. 1 minute The City of Johannesburg Mayor, Dada Morero says close to R 300 Million has been set aside to electrify informal settlements in the city. He delivered his State of the City Address in Braamfontein yesterday. Morero says provision of electricity in informal settlements…
President Cyril Ramaphosa delivers the opening address at a government function. 2 minutes President Cyril Ramaphosa says South Africa’s economy continues to be held back by structural and regulatory inefficiencies. He says the country must grow faster to create necessary employment and needs to achieve prosperity. Ramaphosa says Finance Minister Enoch Godongwana’s national budget will…
2 minutes Moody’s has revised its GDP growth forecast for South Africa downward to 1.5% for 2025, down from its earlier projection of 1.7%. The credit rating agency attributed the revision to global policy uncertainty and escalating trade tensions, which have prompted downward adjustments to growth forecasts worldwide. Global credit rating agency Moody’s has revised…
2 minutes South Africa has officially launched the second phase of Operation Vulindlela with local government, spatial inequality and digital transformation in sharp focus. The joint reform initiative between the Presidency and National Treasury, aimed at accelerating structural reforms to boost economic growth, has been in place since 2020. During a technical briefing in Pretoria…
[FILE] National Financial Ombud Scheme South Africa – NFO 1 minute As economic pressures continue to affect households, the National Financial Ombud Scheme has urged South Africans not to cancel their insurance policies or default on premium payments. The warning comes as more people consider cutting costs, including on non-life or short-term insurance. Lead Ombud…
Natural gas pipeline 1 minute Electricity Minister Dr Kgosientsho Ramokgopa says diminishing current natural gas reserves in Pande, Mozambique present South Africa with both risk and opportunities. Ramokgopa says South Africa will no longer be able to import natural gas from Mozambique from next year. [WATCH] The African Energy Leadership Centre at Wits Business School…
A prepaid electricity meter. 1 minute The City of Johannesburg has clarified the confusion around a surcharge on electricity tariffs. The City’s Finance MMC Margaret Arnolds says the surcharge has remained the same, contrary to reports of an additional R70 to the original amount. Introduced in July 2024, the surcharge sparked widespread backlash amid growing…
Rating agency Moody’s head office building 2 minutes Ratings agency Moody’s sees inflation in Argentina at 30% by the end of this year, but may revise that figure downward, a senior analyst at the firm said during an event on Tuesday. Inflation has been showing progress under the government of libertarian President Javier Milei, which…
Day 1 of G20 summit in Sun City 1 minute The Department of Women, Youth, and Persons with Disabilities and the Tshwane University of Technology Centre for Entrepreneurship Development are expected to host the G20 Financial Inclusion Conference. It will start today in Rustenburg in the North West. The second Technical Meeting on the Empowerment…
Taxi sign seen on top of an e-hailing vehicle. 3 minutes E-hailing drivers are fearing for their lives, following an increase in incidents of armed robberies and attacks by both clients and private taxi operators. According to the E-hailing Partners Council, both Bolt and Uber drivers are also get intimidated by members of the taxi…
