Nedbank slashes its 2025 GDP forecast from 1.5% to 1%

Nedbank has revised its growth outlook for 2025 to 1%, down from its earlier, more optimistic outlook of a 1.5% increase in GDP.  This came out of a discussion with the bank’s Chief Executive, Jason Quinn, who was answering questions on the company’s interim results released on Tuesday. For the six months ended June 2025,…

Read More

‘Stop abuse of recall law’

The electoral watchdog said lack of regulatory frameworks has also led to conflicts, a volatile party system and insufficient accountability among political parties. THE Zimbabwe Electoral Support Network (Zesn) says there is need to stop the abuse of the recalls law through the regulation of political parties. The electoral watchdog said lack of regulatory frameworks…

Read More

Sasol cuts gas production in Mozambique amid post-election unrest

2 minutes South African petrochemical giant Sasol has reduced natural gas production at its central processing facility in Temane, Mozambique, citing concerns for the safety of staff and assets amid widespread unrest following a disputed election.  South Africa relies heavily on gas imports through the Rompco pipeline, which transports gas from Mozambique’s onshore fields to…

Read More

Minister Creecy announces interventions to rebuild ATNS

Transport Minister Barbara Creecy 3 minutes Transport Minister Barbara Creecy has announced interventions to stabilise and rebuild the Air Traffic and Navigation Services (ATNS) entity of the Department. She is briefing the media, alongside the Ministerial Intervention Team that was tasked to investigate the source of problems at the Air Traffic and Navigation Services Board…

Read More

Ramaphosa defends BEE policy, dismisses critics as ‘unfounded’

1 minute President Cyril Ramaphosa has dismissed criticism that the government’s Black Economic Empowerment (BEE) policy is hampering economic growth, calling such claims ‘unfounded’. His remarks follow renewed criticism from the Democratic Alliance – a partner in the Government of National Unity – and, more recently, the Trump administration. The BEE policy is designed to…

Read More