One of Ithala Bank branches. A full bench of the Durban High Court has ruled that the board of the KwaZulu-Natal development entity, Ithala, does not have control over its bank accounts to pay salaries, South African Social Security Agency (Sassa) grants, and service providers. This is pending an appeal against a ruling of Judge…
The National Union of Metalworkers of South Africa (Numsa) holds a press conference in Newtown, Johannesburg, on the closure of Goodyear Tyres. Live stream below:
Johannesburg Mayor Dada Morero has confirmed that a detailed response has been submitted to Finance Minister Enoch Godongwana regarding his concerns about the city’s finances. This follows the Treasury flagging of R23.6 billion in unauthorised, irregular, and wasteful expenditure in the city’s latest financial report. #JoburgUpdates The City of Johannesburg is tackling a cumulative R23.6…
A sign showing a business closed The Eastern Cape’s unemployment rate remains stubbornly high at 39.5% despite the province adding 89 000 jobs, in the last quarter. While trade, domestic work and construction has driven gains, the closure of major manufacturing employers is fuelling concern. Tyre giant Goodyear, once a source of hundreds of jobs,…
Vehicles seen outside a showroom Motor trade sales increased by 3,1% year on year in June 2025. In the second quarter of 2025, motor trade sales increased by 2,5%, the positive contributor to this increase were new vehicle sales The other positive contributors are sales of accessories and used vehicle sales. The largest negative…
The Minister of Water and Sanitation, Pemmy Majodina The inaugural three-day water investment summit in Cape Town has managed to get annual investments of betwt een $10b and $12b. The African Union AIP (Continental Africa Water Investment Programme) Water Investment Summit is aimed at attracting investment to address water scarcity on the continent as well…
Standard Bank’s offices Standard Bank has delivered a strong set of results for the first half of 2025, reporting a 10% increase in headline earnings per share. The Standard Bank Group has released half-year financial results. For the six months ended June 2025, the bank reported headline earnings of R23.8 billion, up 8% from the…
[FILE IMAGE]: Youth protest over lack of employment options. The latest labour force numbers from StatsSA show that while the number of jobs grew by 19 000 for the second quarter of 2025, the number of unemployed people increased by 140 000, raising the unemployment rate by 0.3 of a percentage point to 33.2%. South…
Small Business Development Minister Stella Ndabeni speaks at the Pakistan–South Africa Trade Summit 2025 in Sandton on August 12, 2025. Small Business Development Minister Stella Ndabeni is encouraging cooperatives and small businesses to take part in the upcoming National Dialogue. On Friday, organisations from across the country will gather at the National Convention in Pretoria…
[File image] US soybean exporters risk missing out on billions of dollars worth of sales to China this year as trade talks drag on and buyers in the top oilseed importer lock in cargoes from Brazil for shipment during the key US marketing season, according to traders. Chinese importers have finished booking soybean cargoes for…
