File image: Johannesburg Stock Exchange (JSE) in Sandton, Johannesburg 2 minutes Stocks on the Johannesburg Stock Exchange (JSE) opened in the red following a weaker session in Asia, with investors taking cover as new United States (US) tariffs on Canada, Mexico and China took effect, threatening to escalate global trade tensions. The All Share index…
1 minute The KwaZulu-Natal government has requested a R2.4 billion loan from national treasury as a security guarantee to secure Ithala SOC Limited’s deposit book until the entity acquires a banking license. In a statement the KZN Treasury says Ithala’s 257 000 depositors haven’t been able to withdraw or deposit funds after an instruction by…
A petrol station attendant fills up a car. 1 minute The Department of Mineral and Petroleum Resources (DMPR) has confirmed a slight reduction in fuel prices for March. Both grades of petrol will drop by 7 cents a litre, while diesel prices are set for a decrease of 17.5 and 23.5 cents a litre, depending…
Deputy Director General of Economic Statistics Joe de Beer and a colleague goes through the GDP data at a briefing. 2 minutes The South African economy grew by 0.6% in the fourth quarter of last year from a 0.1% contraction in the third quarter of 2024. Data released by Statistics South Africa shows that the…
File image: The City of Tshwane’s A Re Yeng bus in the Pretoria CBD. 2 minutes The National Union of Metalworkers of South Africa (Numsa) to march to the City of Tshwane Offices in Pretoria today to hand over a memorandum to Mayor Nasiphi Moya demanding payment of 261 former bus drivers’ retrenchment packages. The…
National Energy Regulator of South Africa offices in Arcadia, Pretoria. 2 minutes Parliament’s Portfolio Committee on Electricity and Energy has criticised the National Energy Regulator of South Africa (Nersa) for approving Eskom’s application for an increase in electricity tariffs. Last year, Nersa approved the power utility’s 12,7% tariff increase application starting from the first of…
Minister Enoch Godongwana delivering the 2024 budget speech. 2 minutes The office of the Auditor General (AGSA) says it is considering the request from the uMkhonto weSizwe Party (MKP) to investigate the financial implications of the budget speech postponement last month. This is after MKP wrote to the Auditor General requesting an investigation, claiming that…
Mine workers stand underground at Gold Fields’ South Deep mine, south-west of Johannesburg, South Africa. 1 minute Mining company PP Gemstones has accused Assmang, a prominent mining company jointly owned by Patrice Motsepe’s African Rainbow Minerals, of carrying out illegal mining activities. This as the ongoing dispute involving a rare and valuable gemstone known as…
1 minute Motorists can look forwards to a marginal relief at the pump with fuel prices broadly set to decrease in March. According to the Central Energy Fund, the price of 95-unleaded is expected to decrease by 6 cents a litre, while 93-unleaded petrol is set to increase by the same amount. The price of…
Minister Kgosientsho Ramokgopa speaking at the Africa Energy Indaba. 2 minutes The African continent needs to design an effective investment method in order to have a sustainable future energy mix, to enable it to compete globally. These remarks were highlighted by the Minister of Electricity Dr Kgosientsho Ramokgopa in Cape Town. The minister officially opened…
