SAFTU calls for emergency summit to tackle unemployment crisis

The trade union SAFTU is proposing that the country hold an emergency presidential economic summit to address the high unemployment rate. SAFTU spokesperson Newton Masuku says the summit should include workers’ unions, economists, amongst others. Masuku believes this will bring different stakeholders in the sector together to address the crisis. The unemployment rate has increased…

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Numsa to meet Goodyear over plant closure dispute

Numsa’s Irvin Jim says they’ll be meeting with tyre manufacturer, Goodyear, on Thursday. The National Union of Metalworkers of South Africa (Numsa) is set to engage with tyre manufacturer, Goodyear, on key industry issues during the National Association of Automotive Component and Allied Manufacturers’ (NAACAM) Show, at the Boardwalk Convention Centre, in Gqeberha. The event…

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Ramokgopa confident country will not experience load shedding

Minister of Electricity and Energy Dr Kgosientsho Ramokgopa. Electricity and Energy Minister Kgosientsho Ramokgopa has expressed confidence that the country will not experience load shedding for the remainder of the winter season and through the coming warmers months. The minister gave an update on the state of the national grid in Pretoria today. Ramokgopa says…

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NFO reports 73% spike in digital banking fraud cases

A customer with a virtual banking card uses a smartphone to pay for a purchase. Digital banking may be fast and convenient, but it’s also becoming a growing target for fraudsters. The National Financial Ombud Scheme (NFO) has raised the alarm after reporting a sharp rise in digital banking fraud complaints – up by a staggering…

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China slaps temporary duties on Canadian canola

China uses imported canola to make animal feed for its aquaculture sector China announced preliminary anti-dumping duties on Canadian canola imports on Tuesday, escalating a year-long trade dispute that began with Ottawa’s imposition of tariffs on Chinese electric vehicle imports last August. The provisional rate will be set at 75.8%, effective from Thursday, the Ministry of Commerce said in a statement….

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SA in talks with US but actively diversifying trade: Tau

[FILE] Department of Trade industry and Competition Minister Parks Tau Department of Trade, Industry and Competition Minister Parks Tau says the government is consolidating partnerships with other countries in a bid to enhance South African trade and investment relations. This is to mitigate the impact of the 30% tariff imposed by the US. Tau says…

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