Ngozi Okonjo-Iweala, Director general of the World Trade Organisation (WTO) The share of global trade done on WTO terms has fallen to 72% and could fall further, amid the biggest disruption to the international trading system since World War Two, the Director-General of the World Trade Organisation said on Tuesday. Since US President Donald Trump…
Large miners such as First Quantum, Glencore and Vedanta Resources have often criticised the Zambian government over rising costs at their operations. The National Union of Mineworkers (NUM) says it is shocked by looming job cuts affecting more than 3 000 employees at Glencore and Samancor mines. This comes after Glencore confirmed it had initiated…
An attendant puts fuel into a car. The Department of Mineral and Energy Resources has announced decreases in fuel prices, including a cut of as much as 57 cents a litre for diesel. The department says the petrol price will decline by four cents a litre and illuminating paraffin by 49 cents. The prices take…
MEC for Economic Development and Tourism Ms. Jesta Sidell. Former Tourism Deputy Minister Amos Fish Mahlalela is touted to lead the new board of the embattled Mpumalanga Tourism and Parks Agency. Provincial Economic Development and Tourism MEC Jesta Sidell made the announcement during a media briefing in Mbombela. The briefing was to outline activities to…
South Africa’s manufacturing slowed down again in August due to weaker demand. In a setback for the South African manufacturing sector, the Absa Purchasing Managers’ Index slid back into contraction by 1.4 points to 49.5 points in August. The decline reversed some of the previous months’ gains that saw the index climb above 50 points….
Canned goods / food displayed on a store shelf. The National Consumer Commission (NCC) says it will make another surprise visit to KwaZulu-Natal businesses to ascertain compliance with the Consumer Protection Act (CPA). Last week, the Commission conducted compliance inspections in Pinetown, Pietermaritzburg, Durban CBD, Springfield, Inanda, Umlazi, and Pavilion Mall in KwaZulu-Natal (KZN) where…
A prepaid electricity meter. Energy expert Professor Samson Mamphweli says South Africans should brace for another possible electricity price hike due to the National Energy Regulator of South Africa (NERSA) is not likely to face consequences for its recent blunders. A few days ago, NERSA confirmed that it had entered into an out-of-court settlement with…
Diesel pump Motorists are expected to get some reprieve when the Department of Mineral Resources and Energy announces the September fuel price adjustments before they take effect on Wednesday next week. The Central Energy Fund’s preliminary data shows a possible four-cent drop for a litre of 95-grade petrol, while 93-grade is expected to decrease by…
Toyota logo is placed on the vehicle at the 41st Thailand International Motor Expo, in Bangkok, Thailand, November 29, 2024. Competition Commission of South Africa has warned those who attempt to collude and close off competition will be caught and prosecuted. This comes as Toyota financials and Wesbank reached a R30 million settlement without admission…
FILE | UN Women hosts a Boost Your Business workshop for women Small to Medium Enterprise (SME) owners in Cape Town. The National Empowerment Fund (NEF) in the Northern Cape says women-owned businesses remain their best clients as they are able to timeously settle their loans and remain stable and sustainable. The NEF is encouraging…
