SABC Plus one million users’ registration lauded

SABC Plus celebrating one million registered users 1 minute The Department of Communications and Digital Technologies has congratulated the public broadcaster, the SABC on the growth of its Over-The-Top (OTT) streaming platform, SABC Plus that has exceeded the one million registered users in April. The platform offers audiences access to the SABC’s 19 radio stations,…

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Manufacturing production down 0.8% year-on-year: Stats SA

[File photo] 1 minute Stats SA has announced that manufacturing production fell by 0.8% in March compared to the same period last year. This marked the fifth consecutive month of decline in industrial activity, although it was the mildest in the sequence. The largest negative contributors were petroleum, chemical, rubber and plastic products and electrical…

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Ithala will continue to operate normally: High Court

File image: One of Ithala Bank branches. 1 minute The KwaZulu-Natal Development Bank, Ithala will continue to operate normally, but will not be taking deposits. This is according to a judgment, which the High Court in Pietermaritzburg delivered yesterday. Ithala had sought an urgent court interdict against the Repayment Administrator’s instruction in January that its…

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G20 Financial Inclusion Conference hailed as a success

Minister of Women, Youth and Persons with Disabilities Sindisiwe Lydia Chikunga 2 minutes Minister of Youth, Women and Persons with Disabilities Sindisiwe Chikunga says the recent G20 Conference on Financial Inclusion, held over two days at Sun City near Rustenburg in the North West, was a success and a step forward in addressing the economic…

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SA’s economy held back by structural inefficiencies: Ramaphosa

President Cyril Ramaphosa delivers the opening address at a government function. 2 minutes President Cyril Ramaphosa says South Africa’s economy continues to be held back by structural and regulatory inefficiencies. He says the country must grow faster to create necessary employment and needs to achieve prosperity. Ramaphosa says Finance Minister Enoch Godongwana’s national budget will…

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Moody’s cuts SA’s 2025 GDP growth forecast to 1.5%

2 minutes Moody’s has revised its GDP growth forecast for South Africa downward to 1.5% for 2025, down from its earlier projection of 1.7%. The credit rating agency attributed the revision to global policy uncertainty and escalating trade tensions, which have prompted downward adjustments to growth forecasts worldwide. Global credit rating agency Moody’s has revised…

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