Oil refinery Mineral and Petroleum Resources Minister Gwede Mantashe says the future of South Africa depends on the exploration and extraction of oil and gas, which will have a huge impact on the country’s Gross Domestic Product (GDP). Mantashe paid a visit to the Renergen Helium extraction project in Virginia in the Free State, to…
A copy of the South African compilation, 2017 edition. Advocate Douglas Shaw says the South African constitution, under democratic government, has failed to reform laws by major banks in the country. Shaw is part of a group leading the charge against the banks for snapping up repossessed homes and offloading them for bargain-bin prices. This…
Live proceedings of the Fourth Annual Durban Tourism Business’ Awards.
A person picks out clothing in a store Stats SA data shows that retail trade sales showed a significant improvement in April compared to March 2025. Sales increased by 5.1 % year-on-year in April 2025. The largest positive contributors were general dealers and retailers in textiles, clothing, footwear and leather goods. Seasonally adjusted retail trade…
Chicken at a farm The South African Meat Processors Association (SAMPA) has welcomed the partial lifting of the ban on the importation of chicken from most of Brazil. The Department of Agriculture announced the decision this week that allows for the resumption of imports from Brazil, except the state of Rio Grande do Sul. It…
Hard hat and torch. The Hawks have arrested a 49-year-old woman for allegedly fraudulently selling a mining company that did not belong to her. The woman, a co-director of mining company Rowen Tree 60, sold the mining rights to a businessman for over R1.3 million and allegedly pocketed some of the money. The businessman who…
FATF flag The Financial Action Task Force (FATF) is expected to conduct an on-site visit in South Africa, which is the final step before a country can be considered for removal from the grey list. South Africa has made significant progress in completing all the required 22 recommended action items, outlined in the Action Plan…
A shopper looks at grocery items in Johannesburg, South Africa, June 17, 2020. 1 minute Some economists are optimistic that Consumer Price Inflation (CPI) in South Africa will remain low despite uncertainty around global developments. Stats SA says inflation held steady at 2.8% in May after rising marginally in April up from 2.7% the previous…
Pikitup logo 1 minute Johannesburg’s waste management entity, Pikitup, is warning the public about a fake job advertisement circulating on social media and online job sites. The advertisement falsely claims Pikitup is hiring general workers. The scam appears to be a modified version of a legitimate Pikitup job posting from May 2024. Pikitup spokesperson Muzi…
A shopper pays with a twenty Euro banknote at a local market in Nantes, France, February 1, 2024. 2 minutes Euro zone bond yields edge up in early trading today, taking their cue from a relatively subdued overnight session in United States (US) Treasuries, as fighting between Israel and Iran entered a fifth day. US…
