South Africa: South African Clothing Retailers Losing Lustre in Face of Shein Juggernaut

The China-based ultra low-cost fast fashion retailer might have a growing market in South Africa, but it's putting the squeeze on local retailers. Read more »

South Africa: Eastern Cape Judge Loses Patience With Police, Govt's Slow Response to Intercape Bus Attacks

In a scathing judgment on Wednesday, Judge John Smith from the Eastern Cape High Court made it clear to Transport Minister Sindisiwe Chakunga, provincial Transport MEC Xolile… Read more »

South Africa: Daily Maverick Hit With Cyberattack After Report On Modi

Daily Maverick has been forced to temporarily block website access in India after experiencing a malicious denial of service attack. Read more »

South Africa: Business Leaders Call for Brics Nations to Boost Trade With Rest of Africa

Members of BRICS -- mainly China and Russia -- have come under fire for only engaging with African countries when providing them with aid and extracting from their economies… Read more »

South Africa: Trimming Reliance On the Dollar High On Brics Summit Agenda

About 40 countries have shown an interest in joining the bloc and leaders at the meeting in SA will discuss criteria for new membership and the necessary financial contributions. Read more »

South Africa: Why Another Western Cape Taxi Strike Is Unlikely to Unfold Despite Tension After Santaco's Legal Loss

Commuters and the public can breathe a sigh of relief after the Western Cape Division of the High Court declared an agreement signed between Santaco and local government to be an… Read more »

South Africa: Cumesh Moodliar to Take the Reins At Investec Bank

In an internal promotion, Cumesh Moodliar has been appointed as the new chief executive officer of Investec Bank, taking over from Richard Wainwright on 1 April 2024. Read more »

South Africa: 'Brics Bank' Throws Weight Behind Use of Local Currencies for Trade and Financing

Although the New Development Bank has always stated its intention to increase its local currency fundraising and lending, it has rarely provided details on the mechanisms of doing… Read more »

South Africa: Platinum Group Metal Sector's Woes Get Worse After Prices Plummet

A really bad week for platinum group metals and Chinese property has repercussions for SA's National Treasury. Read more »

South Africa: Application for Class Action Suit Over Lung Disease Filed Against Oxygen-Deprived Coal Sector

Richard Spoor, who spearheaded the R5bn silicosis class action settlement against South Africa's gold sector, is now targeting the coal industry over occupational lung disease. It… Read more »

South Africa: Delivery of Crucial Services Under Threat After Treasury Desperately Calls for Public 'Fiscal Consolidation'

To prevent a total collapse in the country's finances, National Treasury has told all government departments in provinces that no new spending will be allocated to them. The… Read more »

South Africa: Consumers Fight the Inflation Dragon With Blunt Sword of Debt

Although consumers undoubtedly sighed with relief when the South African Reserve Bank put a brake on the increasing interest rates in July, it was not much of a reprieve for… Read more »

South Africa: SA House Price Growth Slows in July, Average Bond Amount Falls in Q2 for First Time in 14 Years - FNB

The FNB House Price Index saw growth slow to 1.1% in July, down from a revised 1.6% in June, as household incomes remain pressured by high interest rates and a fragile economy. For… Read more »

South Africa: Wealth Inequality Has Increased Markedly Over Past Two Decades - Report

Wealth inequality in South Africa has risen significantly over the past two decades, according to the latest UBS Global Wealth Report published this week. Read more »

South Africa: SA Jobless Rate Dips Slightly in Q2, but Is Still Sky-High At 32.6 Percent

South Africa's unemployment rate fell slightly to 32.6% in the second quarter (Q2) of this year from 32.9% in Q1. The best that can be said is that at least the trend is going the… Read more »

South Africa: Absa's Investment in Other African Regions Shores Up Group After Dismal SA Performance

Absa's share price slid almost 3.5% on Monday as the bank took a proverbial punch to the gut on the back of increasing customer defaults. Read more »

South Africa: SA's Agricultural Interests in Brics Are Not At Expense of Existing Key Export Markets

As South Africa is likely to increase agricultural production in the coming years with additional land put into production, we will need other export markets. It is at this point… Read more »

South Africa: MTN Spends Billions of Rands to Escape the Pain of Blackouts

MTN South Africa, a division of MTN Group, is prepared to spend between R4bn and R5bn in the next six to 12 months to make its network more efficient and resilient during Eskom… Read more »

South Africa: Gift of the Givers Founder Recounts Chilling Phone Calls During 2012 Marikana Strike

Gift of the Givers' founder, Imtiaz Sooliman, delivered the fourth annual keynote address on Monday to commemorate the Marikana Massacre 11 years ago. The Givers were distributing… Read more »

South Africa: Azikhwelwa! Apartheid History Shows the Way to Beat the Domineering Taxi Mafia

Apartheid segregation created the far-flung living areas that make commuting hell for most workers. The resistance to apartheid public transport may hold lessons for the problem of… Read more »

South Africa: 'Protecting the Economy' - Ramokgopa Defends Spending Billions On Emergency Diesel

Eskom has spent R12.4bn on diesel since April, a cost that Energy Minister Kgosientsho Ramokgopa has said is necessary to protect South Africa's economy. Read more »

South Africa: Eskom Still Investigating R400m Tutuka Tender, 19 Months After Whistle-Blower Complaint

In January 2022, a whistle-blower expressed concerns over a R400-million tender to rehabilitate the Tutuka Power Station in Mpumalanga. Now 19 months later, Eskom's forensic and… Read more »

South Africa: SA-Russia Trade Is Minuscule Even Among Brics Members

Data show that Russia is an insignificant trade partner of South Africa. In terms of economic partnerships, it is a clapped-out Lada vehicle, a lemon with not much juice to be… Read more »

South Africa: Taxi Council Calls Off Western Cape Strike

Santaco called off its taxi strike in the Western Cape on Thursday evening, saying it would use the next 14 days to work on releasing vehicles that had been wrongfully impounded. Read more »

South Africa: Highly Regarded Duncan Pieterse Appointed As Director General of National Treasury

Duncan Pieterse has been appointed as the new Director-General of the National Treasury. Unlike many government departments, the Treasury and the Finance Ministry are mostly… Read more »