Major vehicle recalls announced in South Africa due to safety defects

Siphelele Dludla|Published

South African drivers face serious safety risks as the National Consumer Commission announces critical vehicle recalls affecting popular models from Jeep, Citroen, ...

Budget 2025: Government allocates R11bn for early retirement of 30,000 public employees

Siphelele Dludla|Published

The National Treasury has allocated R11 billion to facilitate early retirement for 30,000 public servants over two years, aiming to reduce wage costs and rejuvenate ...

Microsoft pledges R5. 4bn investment in South Africa's AI and data infrastructure

Siphelele Dludla|Published

Microsoft announces a groundbreaking R5. 4 billion investment in South Africa, aimed at training one million citizens in AI and creating vital employment opportunities ...

Business confidence in South Africa stalls amid Agoa concerns after US withdraws aid

Siphelele Dludla|Published

South African business confidence remains unchanged at 45 points in Q1 2025, with new vehicle sales showing strong performance while other sectors face challenges ...

South African Reserve Bank warns of economic shock amid VAT increase debates

Siphelele Dludla|Published

VAT is seen as a regressive tax that disproportionally negatively affects the poor.

Treasury seeks cost-effective strategies for South Africa’s G20 Presidency

Siphelele Dludla|Published

The recent G20 Funding Guidelines, shared last week, reinforce the directive, revealing that departments unable to finance their G20 activities through reprioritisation ...

SA-US trade relations face uncertainty amidst Trump’s Executive Order

Siphelele Dludla|Published

Walsh said that select senior advisors not only believe that the Biden Administration failed to send a strong enough message to the Government of South Africa and ...

Tiger Brands agrees to interim payments for listeriosis class action claimants

Siphelele Dludla|Published

The class action, which is being managed in two stages is still at the first stage during which liability is to be determined by the court.

South African banks to face parliamentary scrutiny over credit lending practices

Siphelele Dludla|Published

A disconcerting trend noted by the committee was that it appeared easier for individuals to secure credit for consumption rather than for production—an observation ...

Johann Rupert’s investment firm to exit British American Tobacco with £1. 22 billion share sale

Siphelele Dludla|Published

“Following the settlement and completion of the Placing which is expected to take place on 16 January 2025, Reinet and its subsidiaries will have fully exited their ...

Landmark ruling curtails coal-fired power expansion in South Africa

Siphelele Dludla|Published

The case was brought by three youth-based civil society organisations.

SARS says R35bn withdrawals have been made in Two-Pot retirement system

Siphelele Dludla|Published

The SARS on Tuesday updated the total figures for tax directives received concerning withdrawals from the Savings Withdrawal Benefit under the Two-Pot system.

Retailer confidence still in contractionary state, but optimism persists

Siphelele Dludla|Published

Sentiment in the retail industry in South Africa has ticked up though it remains in contractionary territory as consumers have begun feeling confident that the cost ...

Sports minister vows to use F1 race bid to boost tourism industry

Siphelele Dludla|Published

Sports, Arts and Culture Minister Gayton McKenzie has invited the tourism industry to lead the way in unlocking opportunities in sports and events tourism in a bid ...

Trevor Noah’s TV campaign promoting SA tourism reached 281 million people, says TBCSA

Siphelele Dludla|Published

Last year, TBCSA courted controversy after Parliament’s portfolio committee on tourism revealed that Noah was set to be paid R33 million for a 5-minute video advert ...

Rand slips while greenback gains as US jobs data confirms looming interest rate cuts

Siphelele Dludla|Published

Traders said that they anticipate the rand's weakness will persist for the time being, following disappointing US jobs data.

Rand surges to another one-year high, JSE ends week on a low

Siphelele Dludla|Published

The domestic currency surged to around R17. 60 to the US dollar, its highest since July 2023, reflecting growing optimism about South Africa’s economic prospects ...

SA wants BRICS bank to fund expansion of power grid - Godongwana

Siphelele Dludla|Published

This comes as South Africa needs around R350 billion to build 14,000km of new transmission lines between 2022 and 2031 to accommodate the additional generation capacity ...

Ramaphosa hails economic reforms for boosting confidence as markets continue to rally

Siphelele Dludla|Published

President Cyril Ramaphosa has hailed the growing confidence among investors about the prospects for South Africa’s economy following the implementation of structural ...

JSE surges to record high bolstered by rand’s strength, record high gold price

Siphelele Dludla|Published

South African currency and stock markets ended last week on a high note as the rand surged to its highest in a year while stocks reached a record high as investors ...

SA concludes a tough but promising Agoa Forum in Washington DC

Siphelele Dludla|Published

The Minister of Trade, Industry and Competition, Parks Tau, has concluded his visit to the US where he led a high-level delegation to participate in the 21st African ...

SA needs to prepare for a reformed Agoa deal post-US elections - expert

Siphelele Dludla|Published

This comes as the Minister of Trade, Industry and Competition, Parks Tau, is leading a South African delegation comprising government, private sector, civil society ...

Sahpra in business federation crosshairs over proposed BEE requirements

Siphelele Dludla|Published

This comes after business federation Sakeliga last week rejected Sahpra’s proposed BEE conditions for the manufacture, import, prescribing and trading of health ...

Rand, JSE surge as GNU formation drives risk-on sentiment

Siphelele Dludla|Published

The JSE on Tuesday rallied to a one-month high, to within a touch of 80,000 points, buoyed by “hot money” in resources, financials and industrial stocks, while the ...

Unions slam Mercedes-Benz for proposed job cuts after recording R4. 4 billion profit

Siphelele Dludla|Published

Workers union federations have categorically rejected the proposed retrenchments at Mercedes-Benz South Africa, saying the jobs bloodbath would have devastating ...