Business

A FlySafair aircraft. Wage talks under the facilitation of the Commission of Conciliation, Mediation and Arbitration (CCMA) to bring to an end strike action by FlySafair pilots will resume this afternoon. FlySafair and trade union Solidarity met at the union’s office on Wednesday for hours until late in the night as the two try to…

Consumer inflation edged higher in June. Stats SA data show that the annual consumer price inflation was 3% in June, up from 2.8% in May. The main positive contributors to the 3 percent annual inflation rate were housing and utilities, food and non-alcoholic beverages, and alcoholic beverages and tobacco. Between May and June, the CPI increased…

Passengers are seen at FlySafair counters at the O.R. Tambo International Airport. No agreement has been reached in talks between FlySafair and trade union Solidarity which is representing the airline’s pilots. The two parties met at the Commission for Conciliation, Mediation and Arbitration (CCMA) in Centurion, Gauteng yesterday. The union is demanding a 10.5% wage increase however, the employer is offering…

MultiChoice logo is displayed outside the company’s building in Cape Town, South Africa The Competition Commission has welcomed the approval of the proposed merger between the French media company CANAL-Plus and MultiChoice. The Competition Tribunal conditionally approved the over R30 billion deal on Tuesday that could significantly transform the local media landscape. The merger sets…

Aerial view of food aisles in a supermarket. Household budgets remain under pressure amid the rising cost of goods as inflation edges up from 2.8% in May to 3.0% in June. Statistics South Africa’s (Stats SA) latest released data shows that consumer inflation rose on the back of higher food prices, which have reached a…

A shopper pushes a trolley outside a Mr Price branch at the Trade Route Mall in Lenasia on 08 February 2023. South African clothing retailer Mr Price reported a 6.3% rise in its first-quarter sales on Wednesday, with comparable store sales up 3%, supported by the shift of Easter holidays into April and a timely winter…

A substation in Johannesburg. Power utility, City Power says there’ll be fewer unplanned power outages and a more stable, consistent electricity supply for households and businesses. The embattled power utility indicated that with more infrastructure back online, it’ll now be able to respond to faults faster, significantly reducing downtime during power interruptions. City Power spokesperson,…

StartUp20 launches meeting for SME development. Concerns are growing about the widening gap between public and private educational institutions. This issue was discussed at the Startup20 Summit, which provides a platform for small businesses to engage with G20 leaders. On the second and final day of the StartUp20 Midterm Engagement, the focus was on how…

People on a farm. Commercial farmers organisation, Agri Western Cape, has expressed concern over the announcement of a 30% US tariff increase on South African exports set to take effect next month. This comes after US President Donald Trump announced that goods from South Africa will be subject to a 30% tariff increase from August…