S&P logo. 1 minute South Africa is making progress towards a sovereign credit upgrade. This as rating agency Standard and Poor’s (S&P) Global revised South Africa’s outlook to positive from stable on Friday night. S&P has kept the country’s rating at sub investment grade or junk. However, the latest improvement in the outlook points to…
A miner underground. 1 minute A task team established last year to deal with illegal mining, Operation Vala uMgodi, has identified 12 non-operational mines in the Greater Giyani and Malamulele areas as hotspots for illegal mining activities. The mines ceased their gold mining operations over 30 years ago during the Gazankulu homeland administration. SAPS spokesperson…
FILE PHOTO: A representations of cryptocurrency Bitcoin is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/File Photo 2 minutes Bitcoin charged past the $90 000 level on Wednesday, as its relentless rally showed no signs of easing on expectations that Donald Trump as US…
[File Image] Members of the National Union of Metalworkers of South Africa (NUMSA) 1 minute The National Union of Metalworkers of South Africa (NUMSA) said it will go on strike at ArcelorMittal South Africa Ltd on Thursday to protest job cuts that have impacted 107 workers. NUMSA said in a statement it would picket the company’s…
Illegal miners at an abandoned mineshaft. 2 minutes The National Union of Mineworkers (Num) has accused the government of failing to put an end to illegal mining. The union was reacting to a continuing stand-off between the police and illegal miners underground in an abandoned mine in Stilfontein, in the North West province. Hundreds of…
[File Image] Residents stand outside a spaza convienience shop in Cape Town’s Imizamo Yethu township, April 19, 2014. 3 minutes KwaZulu-Natal Premier Thami Ntuli says plans are under way to audit all spaza shops in the province. Ntuli was addressing a special meeting with all mayors. He presented the province’s approach to the Standard Draft…
Numsa members picket during a strike action. 2 minutes Judgment has been reserved in the Labour Court matter between ArcelorMittal South Africa and the National Union of Metalworkers of South Africa. Arcelor approached the Labour Court on an urgent basis to interdict the ongoing strike at its Coke plant. Numsa members have downed tools over…
[File Image]: Security officers walk past the Johannesburg Stock Exchange (JSE) in Sandton, South Africa, March 30, 2020. 3 minutes The Johannesburg Stock Exchange’s (JSE) decision to fine and ban Thabi Leoka, former director of several listed companies, has been welcomed. The local bourse announced that the disgraced director will face a R500,000 fine for…
[File Image]: A woman gets her mail from the Post office box. 2 minutes The Democratic Alliance (DA) says it supports Communications and Digital Technologies Minister, Solly Malatsi’s proposal for the South African Post office (SAPO) to go and find private investors on the market. The DA says SAPO’s footprint in the country is a…
Deputy Minister of Public Works and Infrastructure, Sihle Zikalala. 2 minutes Government says additional capital investment for infrastructure projects will increase to more than R500 billion. This follows the allocation of an additional financial injection in the R300 billion infrastructure development plan that was announced in 2020. This announcement was made by the Deputy Minister…
