South Africa: Pick n Pay Hopes Summers Will Bring the Sunshine to End Its Gloomy Winter

The retailer's share price plummeted on Monday after it issued a dire profit warning. Read more »

South Africa: Surge in Power Cuts Undermines Absa PMI in September, Manufacturing Output Likely Contracted in Q3

The Absa Purchasing Managers' Index sank over 4 points in September as the level of rolling blackouts intensified, fuel prices spiked and demand sagged in the EU and UK.… Read more »

South Africa: Environment Ministry Gives Oil Company Green Light for Western Cape Coast Offshore Drilling

French hydrocarbon company TotalEnergies can proceed with plans to drill for oil and gas off the Western Cape coast after Environment Minister Barbara Creecy rejected an appeal… Read more »

South Africa: Debt Blowout Fears - Treasury Urged to Increase Borrowings As Last Resort

The finance department has been backed into a corner by the ANC, raising fears of the state ratcheting up debt. Read more »

South Africa: New Investment Pledges Boost Just Energy Transition Funding Pool to $11.8 Billion

Denmark, the Netherlands and Spain have joined the group of countries who are partially financing South Africa's Just Energy Transition. Read more »

South Africa: Business Leaders Join Principals in Plan to Transform South Africa's Ailing Education System

The Execs Back to School programme goes beyond physical improvements and providing resources to schools, it seeks to instil a mindset of continuous improvement and growth within… Read more »

South Africa: Taxi Association Distances Itself From EFF's Planned Western Cape 'Shutdown' On Monday

The EFF has called for a 'shutdown' in the Western Cape on Monday, 2 October, over a number of issues, including 'unjust taxi impoundments'. But, unlike the August taxi strike, the… Read more »

South Africa: Eskom Talks Up Progress While Dancing Around the Real Issues

Eskom, which received a R254bn bailout in the February Budget, can't submit its audited financial statements to Parliament by the end-of-September deadline, it emerged on Wednesday… Read more »

South Africa: Tshwane Wins Permanent Interdict Against Striking Workers, but Wage Dispute Rumbles On

While the strike in the City of Tshwane has 'legally' ended, pockets of workers continue to protest and the municipality holds out on paying wage increases. Read more »

South Africa: 'Police Don't Know What They Are Doing' - Intercape Asks Court to Order an Investigation Into 165 Bus Attacks

Calling it an 'application of desperation', long-distance bus company Intercape has now asked the Eastern Cape High Court to order the police to investigate a series of attacks on… Read more »

South Africa: Aspen's Novo Nordisk Deal a 'Feather in Our Cap' and an NCD Battle Boost - Top Executive

The success of the Danish company - Europe's second most valuable - is largely built on its weight-loss drugs. Read more »

South Africa: Competition Commission Probes Nike After Retailers Complain About Springbok Replica Jersey Sale Ban

The unnamed retailers say they are being unfairly prevented from selling the official gear. Read more »

South Africa: Marginally Higher CPI May Persuade Monetary Policy Committee to Hold Rates Steady

With inflation appearing to be under control, the MPC is likely to keep the repo rate on hold at 8.25% and the prime lending rate at 11.75%. Read more »

South Africa: ANC, Alliance Partners Likely to Push Back On Treasury's Cost Cuts Ahead of 2024 Elections

Finance Minister Enoch Godongwana and his team have their work cut out for them ahead of the Medium-Term Budget Policy Statement, as their cost containment guidelines face pushback… Read more »

South Africa: Climate Activists, Journalist Ejected From Standard Bank HQ As Anti-Fossil Fuel Protest Turns Chaotic

A protest at Standard Bank's headquarters in Johannesburg on Tuesday descended into chaos when a group of human rights and climate activists, as well as a Daily Maverick… Read more »

South Africa: Reserve Bank Likely to Hold Rates Steady, but Fuel and Food Prices Remain a Concern

With inflation braking, the South African Reserve Bank looks set to keep its key repo rate on hold at 8.25%, and the prime lending rate at 11.75%, when its Monetary Policy… Read more »

South Africa: Proposed Austerity Measures Will Have Negative Impact On Most Vulnerable - Civil Society Coalition

A coalition of civil society groups has criticised the National Treasury's suggestion that VAT needs to increase or spending on crucial services must be cut if it is to fund an… Read more »

South Africa: Venetia Diamond Mine Suspends Operations After At Least 20 Die in a Bus and Truck Collision

De Beers' Venetia diamond mine in Limpopo has suspended operations after at least 20 people died when a truck and a bus transporting miners to work collided. Authorities are still… Read more »

South Africa: Agricultural Exports Remained Robust in Second Quarter of the Year

South Africa's agricultural exports amounted to$3.4bn in the second quarter of this year, up by 0.1% year on year, according to data from Trade Map. Read more »

South Africa: Creecy Demands Proof of Expertise in Karpowership Gas Explosion Risk Report

National Environment Minister Barbara Creecy has directed Karpowership to provide proof of the expert qualifications of a Cape Town company that conducted gas explosion risk… Read more »

South Africa: Grid Capacity a Significant Obstacle to Renewables Transition and Fixing Load Shedding

Countries across the world are having to redesign their grids to cater for the fact that power generation from renewables changes the geography of electricity supply. Grid capacity… Read more »

South Africa: SA Mining Output Falls in July and Manufacturing Growth Slows, Signalling Fragile Start for Q3 GDP

As rolling power cuts intensified in September, data this week showed that the economy's industrial arms got off to a faltering start in the third quarter (Q3) of this year. Mining… Read more »

South Africa: Sibanye Signals 3,000 Lay-Offs At Kloof As Operational Woes Trump Sky-High Gold Prices

Sibanye-Stillwater said on Thursday it was holding mandatory consultations that could see almost 3,000 workers laid off at its Kloof 4 shaft near Westonaria, western Johannesburg.… Read more »

South Africa: Climate Activists Add Electricity Minister to List of Respondents in Environmental Impact Case

Civic and climate organisations have expanded their court application against several stakeholders involved in approving 1,500MW of coal-fired power. The case was filed in 2021,… Read more »

South Africa: Get Ready for Another 52 Weeks of Power Cuts As Eskom Forecasts Dark Days Ahead

Another 'perfect storm' has edged South Africa closer to Stage 7 power cuts. And the forecast doesn't look good for 52 weeks. Read more »