Minister Gwede Mantashe. 1 minute Minister of Mineral and Petroleum Resources Gwede Mantashe says attracting foreign investment remains critical for the country. Mantashe was visiting Orion Minerals in Prieska in Northern Cape that is expected to start copper production in two years’ time. The mine needs R7 billion in funding before production can start. “Orion…
SATAWU members marching on the streets of Polokwane demanding that the employer, the Great North Transport pay workers their pension funds, May 28. 1 minute Executives, including the Chief Executive Officer of the Limpopo government owned bus company, Great North Transport, have been suspended with immediate effect. The decision was taken by a board of…
Lottery balls 1 minute Trade, Industry, and Competition Minister Parks Tau has issued a temporary license to iThuba Holdings. Tau says in a statement that this is in a bid to avoid a potentially disruptive pause in operations at the National Lottery. In a statement, Minister Tau says the 12-month appointment takes effect on Sunday…
Police seized a large quantity of food items destined for illegal miners at various shafts in and around Vaal Reefs. 2 minutes Police in the North West have arrested 22 undocumented foreign nationals and seized a large quantity of food items seemingly destined for illegal miners. Police say they started monitoring suspicious activities taking place…
EU trade chief Maros Sefcovic 1 minute European Union Trade Commissioner Maros Sefcovic said on Friday that he had held another call with US Commerce Secretary Howard Lutnick, as the EU and the United States continue efforts to reach a deal on tariffs. “Another call with US Secretary @howardlutnick. Our time and effort fully invested,…
Minister of Electricity and Energy Dr Kgosientsho Ramokgopa GCIS 1 minute Minister of Electricity and Energy, Dr Kgosientsho Ramokgopa, has named Mulilo as one of the preferred bidders in Round 3 of the Battery Energy Storage Independent Power Producers Procurement Programme (BESIPPPP). The announcement aims to boost grid capacity as the country tackles its energy…
Former Mauritanian Finance Minister Sidi Ould Tah elected president of the African Development Bank (AfDB) 2 minutes Sidi Ould Tah has been elected President of the African Development Bank (AfDB) Group in Abidjan, Côte d’Ivoire on Thursday. The president-elect, who was backed by Mauritania, defeated four candidates, including South Africa’s Bajabulile Swazi Tshabalala and Zambia’s…
A spaza shop 1 minute Small Business Development Minister Stella Tembisa Ndabeni-Abrahams says over 60 000 spaza shops have been registered following the compliance drive campaign that began late last year. She. however, expressed disappointment at a slow pace of small businesses response in applying for government funding. In March this year, the department launched…
Reserve Bank Governor Lesetja Kganyago addresses the Annual Ordinary General Meeting 1 minute The Monetary Policy Committee (MPC) has cut the interest rate by 25 basis points, with effect from tomorrow. As a result, the repo rate has been decreased to 7.25%. The prime lending rate is now 10.75%. South African Reserve Bank (SARB) Governor…
Finance Minister, Enoch Godongwana addresses a media briefing at Parliament in Cape Town on May 21, 2025. 2 minutes Finance Minister Enoch Godongwana says that Africa must find different ways of becoming self-sufficient amid an unstable geopolitical environment. He spoke to SABC News on the margins of the African Development Bank (AfDB) Group’s annual meeting…
