Half a dozen eggs in tray. 2 minutes Consumer price inflation (CPI) continues on a downward trend and has reached its lowest level in more than 3 years. Data released by Statistics South Africa (StatsSA) shows that the annual Consumer Price Inflation has dropped from 4.4% in August to 3.8% in September. The main positive contributors…
File image: A man holding steering wheel. 1 minute The National Consumer Commission (NCC) has accused car dealerships across South Africa of selling faulty vehicles to unsuspecting consumers. The NCC says disgruntled consumers are increasingly approaching it for assistance after being sold cars by dealerships with defects including odometers that have been tampered with and…
File image: Medical equipment at a hospital. 1 minute Civil society organisation Section 27 says the Mid Term Budget Policy Statement (MTBPS), tabled by Finance Minister Enoch Godongwana on Wednesday, exposed government’s intention of continuing to underfund the health and education sectors. The organisation says the MTBPS was a critical test of the Government of…
Small businesses seen on Vilikazi street in Soweto. 2 minutes Rural young women have been urged to explore entrepreneurial opportunities for self-sustainability and contribution to the economic outlook of rural Eastern Cape. The Dadethu 4th annual event unpacked different categories of life from financial to emotional intelligence. Successful and emerging businesswomen came under one roof…
Arrested illegal miners 1 minute Illegal mineworkers are continuing to resurface from mine shafts around Orkney in the North West. National police spokesperson Athlenda Mathe says more than 500 mineworkers have been arrested to date and the number is expected to increase. Police say the miners resurfaced due to starvation and dehydration after members of…
[File Image]: A general view of the National Assembly. 1 minute The Congress of South African Trade Unions (Cosatu) has warned that the government’s plan to offer voluntary early retirement to reduce the public sector wage bill might backfire. Finance Minister Enoch Godongwana announced during the Medium Term Budget Policy Statement that they were targeting…
US dollar notes. 4 minutes The dollar slid on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields. The euro extended an early climb to be up 0.5%…
Petrol attendant fueling up a vehicle. 1 minute Motorists will be paying a little more at the pumps from Wednesday. This follows a fuel price increase of 25-cents per litre for both grades of petrol. Diesel will go up by between 20 and 21-cents a litre and paraffin will cost 28-cents more a litre. Fuel…
Former Director-General of National Treasury, Dondo Mogajane. 2 minutes Former Director-General of the National Treasury, Dondo Mogajane, has resigned as CEO of the Moti Group and chairperson of the Government Employees Pension Fund (GEPF). The GEPF confirmed Mogajane’s resignation following months of public pressure over allegations linking him to the looting of VBS Mutual Bank….
A man holds a fuel nozzle at a petrol station 2 minutes Economists have attributed the increase in fuel prices to the rising international oil prices. For the first time in six months, the Minerals and Energy Department has announced an increase in fuel prices. With effect from midnight tonight, the price of both 93…
