[File Image]: Global ratings agency Standard & Poor’s Global Ratings downgraded South Africa’s currency to junk status on Friday. Chief Economist at Efficient Group, Dawie Roodt, says more work still needs to be done to improve South Africa’s economic conditions. This comes after the global rating agency, Standard and Poor’s (S&P), raised South Africa’s credit…
Trade, Industry and Competition Minister Parks Tau speaking during an event. Trade, Industry and Competition Minister Parks Tau has received the Competition Commission’s Media and Digital Platforms Market Inquiry report for tabling in Parliament. Speaking at the release of the report in Sandton, Johannesburg, the minister notes that the shift to online news consumption facilitated…
The Google logo is seen on the Google house at CES 2024 A report by the Competition Commission has revealed that major global platforms including Google, Meta, Microsoft, TikTok, X and AI companies, dominate key gateways that South Africans use to access news and information. The final Media and Digital Platforms Market Inquiry Report notes…
Eskom Power utility Eskom is meeting with labour unions at the National Bargaining Forum for a round of wage negotiations. Labour unions have tabled a 15 percent salary demand for their members at Eskom in early wage negotiations at the entity. The 7 percent multi-year agreement currently in place comes to an end in June…
South African rands. The rand firmed below the R17 mark for the first time in over two years. The local unit last traded at that level against the greenback in January 2023. The gains are attributed to Finance Minister Enoch Godongwana’s announcement of a three percent new inflation target, a first adjustment in 25 years….
President Cyril Ramaphosa speaks at the Construction Summit. President Cyril Ramphosa says the construction industry is once again poised to be the flywheel of growth, after contributing over 50% of the jobs created in the third quarter. He was speaking at the Second Annual National Construction Summit underway in Boksburg, Ekurhuleni, earlier on Thursday. The…
FEDUSA General Secretary Riefdah Ajam The Federation of Unions of South Africa (FEDUSA) has warned that making fiscal discipline a priority over social justice in the Mid-Term Budget Policy Statement will hurt the working class and poor. The labour federation has welcomed some infrastructure investments but says reform8s must protect jobs and workers’ rights….
President Cyril Ramaphosa delivers the keynote address at the Construction Summit in Boksburg, east of Johannesburg. This year’s theme is “Unlocking Infrastructure Delivery: Raising Construction Industry Performance”. Industry leaders and policymakers will discuss ways of boosting the delivery of infrastructure. Livestream:
[File image] Hand flipping wooden cube block to change between up and down with percentage sign symbol for increase and decrease financial interest rate. Finance Minister Enoch Godongwana says the reduction of the inflation target to 3% will reduce the cost of living and borrowing for households. He announced the reduction when he tabled the…
A community member grabs a piece of fruit at the food market A new study commissioned by Food Forward SA and the University of Cape Town has revealed that the crisis of food insecurity in South Africa is deepening. High food prices have affected approximately 16 million people, especially female and youth-headed households. The…
