File photo: Black Friday sales are expected to attract many shoppers. Black Friday month has proven to have been a success this year, with 934 transactions made per minute on Black Friday and 700 transactions per minute on Cyber Monday. According to the payments operator, PayInc, this performance demonstrates high activity during this period. Vouch.co.za…
Rating agency Moody’s head office building. Moody’s Ratings has kept South Africa’s credit rating unchanged at Ba2 with a stable outlook. It has been noted that South Africa’s ratings, including its Ba2 long-term issuer rating, reflect the country’s low growth potential. This is due to ageing infrastructure, a weak labour market and socioeconomic inequalities that…
File image | MEC for Economic Development and Tourism Ms. Jesta Sidell. The Mpumalanga government says it has strengthened safety measures to ensure the safety of tourists. It has officially launched the Festive Season Tourism Campaign. The aim is to promote the sector, which contributes considerably to the province’s economy. The Economic Development and Tourism MEC…
President Cyril Ramaphosa at the YES programme President Cyril Ramaphosa has expressed his administration’s gratitude to private companies that have taken national government’s initiative with both hands to absorb unemployed youth as interns, to provide workplace experience. He was delivering a keynote address at the Youth Employment Service’s (YES) 200 000 jobs milestone at Illovo…
Former president Jacob Zuma in the Pietermaritzburg High Court Former President Jacob Zuma’s legal team has argued in the Pietermaritzburg High Court that the state’s so-called “Stop Stalingrad” application should be denied on several grounds. The state has asked Judge Nkosinathi Chili to make an order that the arms deal corruption trial against Zuma and French…
FILE| A miner working underground. The Minerals Council South Africa and the Ferro Alloy Producers Association (FAPA) have rejected the introduction of a chrome ore export tax, saying electricity prices need to come down to save the industry. Industry players argue that the cost of power is the real cause of the sector’s decline, not…
World Bank headquarters in Washington. The gap between developing nations’ debt servicing costs and new financing hit a more than 50-year high of $741 billion between 2022 and 2024, the World Bank said on Wednesday, urging countries to use the more relaxed global financing conditions to bring their houses in order. In its annual International…
A worker counts money. Thousands of Ithala Bank customers are expected to start having access to their funds from Monday through a new banking institution. National Treasury will make up to R2.2 billion available for the payouts from December 8th at FNB branches. In January, the South African Reserve Bank’s Prudential Authority applied for the…
SABC TV Park building in Auckland Park, Johannesburg. The Communication Workers’ Union (CWU), alongside Congress of South African Trade Unions (Cosatu) in Gauteng have handed over a memorandum of demands to the South African Broadcasting Corporation (SABC). The group staged a picket outside the corporation’s headquarters in Auckland Park over the de-registration of CWU at…
Person holding South African money. The Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) Business Confidence Index (BCI) has risen by five points to forty-four in the fourth quarter of 2025. The improvement in business sentiment follows two consecutive declines. This means that 44% of respondents including manufacturers, wholesalers and retailers, are satisfied with prevailing…
