September 14, 2023
South Africa: Pitting Non-Renewables Against Renewables Downplays the Role of Fossil Fuels in the Energy Mix, Mantashe Tells Conference
Climate activists and fossil fuel representatives got a chance to state their case either against or for expanding the fossil fuel industry in South Africa as the third annual… Read more »
September 13, 2023
South Africa: Ramaphosa's Social Compact, Promised 580 Days Ago, Faces More Delays
A social compact that President Cyril Ramaphosa promised more than a year and a half ago has not been finalised. This is because negotiations at the National Economic Development… Read more »
South Africa: Tshwane Councillors Call On Mayor to Honour Wage Increase Order As City Holds Out for Appeal
Despite increasing pressure, Tshwane Mayor Cilliers Brink says the city won't implement a 5.4% salary increase for workers, which could cost the municipality R600-million. Read more »
September 12, 2023
South Africa: Share Price in Freefall As Transaction Capital CEO David Hurwitz Abruptly Axed
The troubled group just can't seem to catch a break. Read more »
September 11, 2023
South Africa: Kusile Power Station Units to Come Online By End of the Year, Says Ramokgopa
Eskom's Kusile Power Station is generating no power. The plant went offline last year after a chimney accident at one unit, which affected two other units. The utility has put in… Read more »
South Africa: Karpowership Game Ranch 'Donation' Raises New Stink Over Green Offset Schemes
KwaZulu-Natal's official custodian of nature conservation has stepped into a pungent quagmire after entering into a provisional agreement that involves the 'donation' of a 1,784… Read more »
September 09, 2023
South Africa: Prince Mangosuthu Buthelezi - Lauded Abroad, Divisive at Home
Up to the last moments of his colourful public life, Prince Mangosuthu Buthelezi epitomised the ambiguity of his complex political career that polarised opinions and attitudes… Read more »
September 07, 2023
South Africa: Current Account Deficit Widens in Q2, Confidence Indices Remain Negative in Q3
South Africa's deficit widened to R160.7-billion in the second quarter (Q2) of 2023 from a revised R63.7-billion in Q1, central bank data showed on Thursday. It's a trend that… Read more »
South Africa: Retail Icon Raymond Ackerman Has Died
The retail giant's founder has left a profound mark on the local industry Read more »
September 05, 2023
South Africa: Rising Fuel Price Will Have Domino Effect On Cost of Living, Say Experts
The cost of food, clothing and electronic goods is expected to rise shortly in response to the steep increase in the price of petrol and diesel. Read more »
South Africa: Shoprite-Checkers Eats Other Retailers' Lunch As It Posts Double-Digit Growth Over the Past Year
SA's biggest retailer is on a roll, planning to invest heavily in its supply chain, store refurbishments and ecommerce. Read more »
South Africa: South Africa's GDP Exceeds Expectations With 0.6 Percent Growth in Q2
South Africa's economy grew a faster-than-expected 0.6% in the second quarter of this year on a quarter-on-quarter basis after expanding 0.4% in the first three months. The fact… Read more »
September 04, 2023
South Africa: Food Producers RCL, AVI and Sea Harvest Hit By Rolling Blackouts and Surging Operating Costs
Monday was 'food day' on the JSE as the three producers released results that could have been so much better if they weren't forced to hike prices to offset the cost of keeping the… Read more »
South Africa: Stage 6 Load Shedding Implemented 'Until Further Notice'
South Africa was moved to Stage 6 power cuts on Monday evening, after the loss of two generating units and increased maintenance. Read more »
August 30, 2023
South Africa: Saudi Arabia's Inclusion in Brics+ Bodes Well for South Africa's Agricultural Exports
It is important for a country like South Africa to push for geographic diversification of trade, especially in light of intensifying geoeconomic tensions and growing protectionism… Read more »
South Africa: Gold Fields 'Deeply Concerned' After Report Reveals Toxic Workplace Bullying, Sexual Harassment, Racism
JSE-listed Gold Fields said it was committed to stamping out the scourges of bullying, racism and sexual harassment after an independent workplace culture report revealed the scale… Read more »
South Africa: Harmony Gold's Annual Earnings Soar As Mponeng, World's Deepest Mine, Delivers
The sun may be setting on South Africa's gold industry, but 3.8km below the surface, Harmony Gold is hitting pay dirt. The company's full-year earnings soared by 60%, lifted by… Read more »
August 28, 2023
South Africa: Eskom Blackouts and Transnet Troubles Imperil Public Finances, Warns Godongwana
Although Finance Minister Enoch Godongwana has not confirmed that budget cuts are in the offing, the National Treasury has already told provincial government departments to start… Read more »
August 27, 2023
South Africa: Unseating the Mighty Dollar Is a Non-Starter - Finance Minister
South Africa's finance minister, who also leads his counterparts in Brazil, Russia, India and China, believes that the mooted development of a BRICS common currency is a… Read more »
South Africa: 'Countercyclical' Northam Platinum Pays First Dividend in Over a Decade in Face of Depressed PGM Market
Northam Platinum's earnings fell sharply in the year to 30 June in the face of a sour platinum group metals (PGMs) market, which is expected to remain depressed for some time. But… Read more »
South Africa: Electricity Minister Raises Hopes of Fewer Hours of Load Shedding - but We're Not Yet Out of the Dark
Kgosientsho Ramokgopa was upbeat during a media briefing on Sunday where he reported that load shedding could ease due to a drop in electricity demand and the expected return of… Read more »
South Africa: Capetonians Take to the Street to Voice Their Grievances About 17.6% Rise in Electricity Prices
Cape Town residents protest against a significant increase in power prices, claiming it has put a strain on their finances, especially for the elderly and the poor. Read more »
August 24, 2023
South Africa: Government's Debt Relief for Eskom Gives Power Utility Some Breathing Space
Eskom received a R16bn payment from the National Treasury at the end of July, which is part of the R254bn that the power utility stands to receive to pay a big part of its total… Read more »
South Africa: Standard Bank Renews Partnership With Industrial and Commercial Bank of China
Two of the biggest banks in their respective geographies have committed to building on their already successful 15-year partnership. Read more »
Africa: Renewable Energy Focus Could Steer Brics Towards Formation of Powerful Climate Club
BRICS could be the catalyst for a new global alliance to power solutions to the world's climate crisis. Read more »