Apex court hears arguments from competition authorities The Constitutional Court has reserved judgment in the rand rigging case between the Competition Commission and several banks accused of manipulating the currency. The case stems from alleged conduct between 2007 and 2013 by 28 local and international banks accused of colluding to coordinate rand-dollar trading in chat…
The dissolved board of South African Tourism says it’s exploring various options, including legal action, following the decision by the Minister of Tourism Patrica de Lille to dissolve it on Wednesday. They say they were surprised by the Minister’s decision, who cited an irregular meeting held on the 1st of this month, which they say never…
Tiger Brands has announced a precautionary voluntary recall of its Benny Beef and Chicken Flavoured Stock Cubes due to inaccurate nutritional information on the packaging. Despite receiving no consumer complaints, the company says the recall was made in consultation with the National Consumer Commission. “Tiger Brands is working with its retail and wholesale customers to…
FILE| South African rand notes. Senior legal counsels representing some local and international banks accused of colluding to manipulate the rand say the Competition Commission has failed to make a solid case regarding their participation in collusive behaviour. They argue that the alleged overarching conspiracy to manipulate the rand/dollar exchange rate must demonstrate that they…
Nonkqubela Jordan-Dyani is Director-General of the Department of Communications and Digital Technologies South Africa’s digital progress depends on far more than just connectivity, according to the Director-General of the Department of Communications and Digital Technologies, Nonkqubela Jordan-Dyani. She says connectivity is key to national progress. This, as South Africa navigates the fast-paced world of digital…
Federal Reserve Governor Lisa D. Cook speaks at the Economic Club of New York US President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign, intensifying his effort to gain influence over the central bank on the basis of allegations made by one of his allies about mortgages Cook holds in…
Shoppers stand at a Pick n Pay store at the Dobson Point Shopping Centre, in Soweto on March 19, 2024. Independent Economist Elize Kruger expects inflation to remain well contained despite an increase in the July Consumer Price Inflation (CPI). The CPI rose from 3% in June to 3.5% in July. The main drivers of…
A worker cuts through steel at the Southern African Shipyards where a tug for the state-owned enterprise Portnet is under construction, in Durban. A South African government trade body looking into the country’s struggling steel sector proposed import duties starting at 10% to defend the industry from an influx of imports mainly from China. The…
An illegal mining site is discovered in the Sekhukhune District in Limpopo during Operation Vala Umgodi on 15 August 2025. The Bench Marks Foundation says that illegal mining is an economic problem that police cannot address. This as police intensify their Operation Val’ Umgodi, which is aimed at eradicating illegal mining in the country. Critics say the operation…
Headline consumer inflation jumped to 3.5%in July from 3% in June 2025. According to Statistics South Africa, this is the highest rate since September 2024, when it was 3.8%. The main contributors to the annual inflation rate were food and non-alcoholic beverages, particularly meat, followed by municipal tariffs. Inflation for food and non-alcoholic beverages rose…
