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Moody’s places Transnet on review for ratings downgrade
Moody’s Investors Service has placed Transnet on review for a potential credit ratings downgrade due to concerns over liquidity and refinancing risks for the struggling state-owned freight, port...
While SA’s devastating bird flu outbreak abates, researchers work to eradicate virus
Newly released research showed the potential of gene editing technology to break the back of the avian influenza virus which recently swept across South Africa, resulting in the culling of...
Gold One mine: Situation tense as police fire rubber bullets at protesting AMCU workers
The situation remains tense at Gold One mine in Springs, with police firing rubber bullets and teargas at protesting AMCU workers. Workers affiliated with AMCU have been gathering at the mine since...
SA debt stress: Govt scrambles to borrow more money
The South African government, which is being forced to sell ever more debt than planned because it’s spending more than it makes, is unlikely to reverse this spiral any time soon - especially not...
Koko's Kusile 'graft': Lead investigator faces blistering questions over case delays
The lead investigator in the R2-billion Kusile Power Station corruption case has backtracked on his testimony that two German nationals accused in the matter will not be extradited to stand trial....
'There is nothing we can do.' Gordhan bemoans 'unreasonable' Chinese rail company
"Transnet needs help," chairperson Andile Sangqu told MPs on Wednesday in an appeal to the government to take on some of its unsustainable debt burden and fund its turnaround plan. Transnet has a...
Top US senator demands 'immediate' review of SA’s Agoa status
A US senator has written a document proposing several amendments to legislation renewing the African Growth and Opportunity Act, including that there should be an immediate review of South Africa’s...
Shipping giants hit SA containers with congestion charges amid massive delays at ports
Shipping giants Mediterranean Shipping Company (MSC) and Maersk have announced a costly fee for congested vessels this December due to severe delays at South African ports. In its announcement,...
Creecy: SA is pushing for money from rich countries to help with adapting to climate change
As nations gather in the United Arab Emirates later this month for the global climate summit, COP28, South Africa and other developing nations will be calling for clear targets and funding to adapt...
Medium-term budget in a nutshell: It’s going to hurt
Treasury has been forced to make painful revisions to the latest Medium-Term Budget Policy Statement, which updates government’s spending plans over the next three years, after its expectations in...
Petrol, diesel price cuts confirmed for Wednesday
The price of both grades of unleaded petrol (93 and 95) will be lowered by R1.78 a litre on Wednesday, while diesel wholesale prices will be cut by between 82c and 85c depending on the sulphur...
Big decreases in petrol, diesel prices expected for November
A significant decline in petrol and diesel prices is expected for November, according to unaudited data from the Central Energy Fund. The data suggests that the price of unleaded petrol 95 will...
'Out of ICU': Gordhan says Takatso deal will be concluded soon, as SAA launches Brazil route
The South African Airways-Takatso deal is "pretty much still on," with hopes that it will be concluded either later this year or early next year, according to Public Enterprises Minister Pravin...
SA producer inflation races higher for the second month
September’s annual producer price index accelerated for a second consecutive month to 5.1% from 4.3% in August. This was hotter than economists expected. The main contributor was food products,...
'I'm not going anywhere' - Gordhan hits back at accusations of meddling at Transnet, Eskom
While executives and board members at troubled State-owned enterprises Transnet and Eskom have resigned in recent weeks, Public Enterprises Minister Pravin Gordhan has rejected accusations that it...
Transnet to lean on Treasury for R100bn turnaround plan
Transnet is seeking more than R100-billion from the Treasury over the next two years, according to the turnaround plan produced by the board. The R100-billion includes a request that the Treasury...
Anglo American hit with class action from coal miners over lung disease
A new class action, on behalf of coal miners suffering from lung disease, has been launched against nine companies owned by Anglo American Group. This is the second in a series of class actions...
Miners are still underground at Gold One
Thirty-six hours later, more than 500 miners at the Gold One mine in Springs, east of Johannesburg, are underground while unions continue to throw allegations against each other.  Workers who want...
Head of troubled coal line exits Transnet
In the latest in a slew of resignations, Transnet’s managing executive for the critical export coal line, Ali Motala, is leaving the embattled State-owned company. Several high-placed sources have...
SA has R660-billion shortfall on its R1.5-trillion just climate transition plan
Despite wealthy nations’ pledged $R8.5-billion (approximately R150-billion) and further pledges and investments, South Africa faces a R660-billion financing shortfall for the just energy...
Koeberg: New delay as reactor is prepared for startup
The return of Koeberg's Unit 1 to commercial service has been delayed by a further 10 days as some critical tests are still to be completed before the reactor is started. The last date that Eskom...
Water systems improving but Rand Water says municipalities not meeting agreed targets
Bulk supplier Rand Water says the Tshwane and Johannesburg metros have made strides towards improving their water supply - using fragile systems that have teetered on the brink of collapse. This...
Lily Mine inquest finds owners failed to conduct proper risk assessments
The Mbombela Magistrate's Court has found that owners of Lily Mine failed to conduct proper risk assessments - as required by the Mine Health and Safety Act - ahead of the tragic 2016 collapse...
Inflation rises sharply, raising concern about interest rates
Annual consumer price inflation ticked up to 5.4% in September from 4.8% in August, the second consecutive increase. It was in line with economists' expectations. The main contributors to the...
Eskom sub-contractor arrested for allegedly soliciting bribe from coal truckers
An Eskom sub-contractor was arrested last week for allegedly trying to solicit a bribe from a coal transport company at the Camden power station in Mpumalanga. The suspect, who was arrested on 11...
For now, it looks like fuel prices might be cut in November
Based on the current oil, international fuel and rand prices, the latest data from the Central Energy Fund shows that petrol prices could be cut by around R1.90 a litre in November, while diesel...
Former Eskom employees targeted in Sars coal syndicate raids
The South African Revenue Service led a large-scale government search and seizure operation against several alleged members of coal smuggling syndicates across the country on Thursday, including...
Consumer goods body counts cost of loadshedding, poverty, failing infrastructure
The consumer goods industry's largest representative body warned on Wednesday that the cost of load shedding, failing infrastructure and rising poverty were a "potentially lethal cocktail"...
#UniteBehind launches court battle for Cape Town railway control
Civil society organisation #UniteBehind has launched a court bid to compel the Passenger Rail Agency of South Africa (Prasa) to hand over the running and management of the railway system in the...
ANC MPs admit state entities are getting worse as AG slams Gordhan's dept
The Department of Public Enterprises (DPE) has received an abysmal audit report from the Auditor-General (AG), which highlighted basic failings in its oversight of state-owned companies from...
South Africa's population swells to 62-million
In the last decade, the population in South Africa has increased by around 10 million people, with a total of 62 million people living in the country, according to the 2022 census. Statistics...
Eskom corruption: Scopa gives top cop 'last chance'
Parliament's Standing Committee on Public Accounts has resolved to request retired South African Police Service Brigadier Jap Burger one more time to voluntarily appear before the committee on...
R2bn Kusile corruption case: Court holds hearing to establish if State has its ducks in a row
The lead investigating officer in the R2.2-billion Kusile corruption case involving former Eskom executive Matshela Koko, has begged the Middleburg Specialised Commercial Crimes Court in Mpumalanga...
Johannesburg bridge collapse: Safety MMC says it was a 'disaster waiting to happen'
The City of Johannesburg's MMC for Public Safety, Mgcini Tshwaku, warned that the collapse of a pedestrian bridge on Wednesday would have turned into a major disaster if it occurred during peak...
Transnet rail CEO Siza Mzimela has resigned
The CEO of Transnet Freight Rail (TFR) Siza Mzimela has resigned. Mzimela sent out a letter to staff on Thursday reminding them of the progress made in the past three years, thanking them for...
Eskom, SAA and others miss deadline to finalise financial statements
Four state-owned enterprises – Eskom, South African Airways, Denel, and Alexkor – as well as the UIF, the Compensation Fund, and the National Student Financial Aid Scheme have missed the deadline...
Bird flu: Poultry industry warns that possible temporary import rebates could destroy it
The government is considering a temporary rebate on poultry meat import duties to mitigate South Africa's worst-ever bird flu outbreak, but this has elicited a warning from the South African...
'There is just zero engagement': City of Cape Town won't back down in fight for railway control
The City of Cape will not back down from its fight with the national government to devolve railways to capable metros. So says Cape Town Mayor Geordin Hill-Lewis, who spoke to journalists shortly...
More painful petrol, diesel hikes confirmed for Wednesday
Motorists can expect hikes of over R1 for all grades of fuel from Wednesday. The unleaded petrol price (95) will be hiked by R1.14 a litre, while 93 will be increased by R1.08. Diesel (0.05%...
'Transnet execs must go now.' Cosatu adds pressure as deadline looms
As a sword hangs over the heads of top Transnet executives, group CEO Portia Derby and head of Transnet Freight Rail Sizakele Mzimela, the Congress of South African Trade Unions has turned up the...
No daytime loadshedding expected over the weekend
Due to the sustained improved performance of generation availability as well as the anticipated lower demand over the weekend, loadshedding will be suspended between 05:00 and 16:00 on Saturday and...
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