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Digital bank TymeBank has received approval from the South African Reserve Bank’s Prudential Authority to appoint Cheslyn Jacobs as its new CEO, effective January 1, 2026. Jacobs will succeed Karl...
The International Trade Administration Commission of South Africa (Itac) has Gazetted only modest changes to the contentious price preference system (PPS) for scrap metal, reducing the discount for...
Fuel prices across the board will decrease on November 5, Mineral and Petroleum Resources Minister Gwede Mantashe has announced. The price of petrol is set to fall by 51 c/ℓ for both 93 and 95...
South Africa’s manufacturing sector slipped back into contractionary territory in October, with the seasonally adjusted Absa Purchasing Managers’ Index (PMI), published on November 3, falling to...
UN Trade & Development, better known as Unctad, has reported, in its latest 'Global Investment Trends Monitor', that global foreign direct investment (FDI) fell by 3% during the first half of this...
The South African rand edged higher in early trade on Monday, ahead of the release of a local manufacturing purchasing managers' index (PMI) survey and vehicle sales numbers for the month of...
The Department of Trade, Industry and Competition (dtic) has welcomed the forthcoming launch of a strategic partnership between train technology company Wabtec South Africa and railway wheels...
The South African rand weakened this week, along with other emerging market currencies, as the dollar firmed on uncertainty over further US rate cuts following the Federal Reserve's more...
While South Africa’s GDP is expected to edge up to 1.1% this year from 0.6% in 2024, on the back of energy and transport reforms, underlying challenges, such as weak export activity and contracting...
In continuing a two-part series of webinars on opportunities for digitalisation in South Africa’s energy sector, expert participant Siham Salie-Abrahams, representing advisory firm HKA Global, said...
Reserve Bank Governor Lesetja Kganyago said on Thursday there was no reason to delay a push for a lower inflation target to 3% despite persistent pockets of inflationary pressure from administered...
South Africa will on Friday start offering loans from a R2.5 billion Youth Fund aimed at supporting small businesses, part of a push by the government to tackle one of the world’s highest...
South Africa recorded a budget deficit of R15.36 billion in September, National Treasury data showed on Thursday.
The Department of Forestry, Fisheries and the Environment on Thursday rubbished media reports suggesting that South Africa intends to break ranks with the international consensus on the ivory and...
The South African rand was muted in early trade on Thursday, as investors digested the hawkish rate cut from the Federal Reserve and the trade deal made by US President Donald Trump and Chinese...
The Department of Electricity and Energy has provided additional information about its proposal to repurpose the Integrated National Electrification Programme (INEP) to meet the country’s 2030...
The South African rand gained in early trade on Wednesday, as investors braced for a day headlined by the Federal Reserve's decision and an easing of US-China trade tensions. At 0638 GMT, the rand...
Western Cape provincial trade, investment and tourism promotion agency Wesgro released, on Tuesday, the latest edition of its 'Guide to Doing Business in Cape Town and the Western Cape'. The guide...
When compared with other countries that have improved their level of development, there is no obvious reason why South Africa should not have higher levels of employment and faster economic growth,...
South African food inflation decelerated in September, for the second month in a row, the Bureau for Food and Agricultural Policy (BFAP) think tank has highlighted, in its latest Food Inflation...
The Department of Electricity and Energy has amended the request for proposal (RFP) documentation for the inaugural procurement of 2 000 MW of gas-to-power and has also announced an extension to...
S&P Global Ratings said African regional development creditors are poised to expand lending to fill national financing gaps, as capital buffers strengthen and new frameworks increase their...
The 97.5 MW Damlaagte solar PV facility, near Parys in the Free State, has been officially inaugurated, after having entered into commercial operation in August. The plant supplies renewable...
The latest edition of the South African Renewable Energy Grid Survey (SAREGS) has again confirmed that there is a strong and growing development pipeline of solar PV, wind, battery and hybrid...
President Cyril Ramaphosa said on Monday that government has committed more spending to counter money-laundering and terrorism financing, as he welcomed South Africa’s exit from the Financial...
Johannesburg, South Africa’s richest city and economic hub, received a vote of confidence from Moody’s Ratings despite a record of political dysfunction and wasted spending that’s prompted the...
Various organisations, government entities and economic commentators have welcomed global money laundering and terrorist financing watchdog the Financial Action Task Force's (FATF’s) decision to...
South African companies spent about R150-billion on enterprise and supplier development (ESD) over the past five years, but small and medium-sized enterprises (SMEs) only account for 34% to 40% of...
South Africa's rand, bonds and stocks were on the front foot in early trade on Monday, as domestically-focussed investors reflected on the country's removal from the global financial crime watch...
Namibia's President Netumbo Nandi-Ndaitwah has removed Natangwe Ithete from his posts as deputy prime minister and minister of industry, mines and energy, the presidency said in a statement on...
South Africa is pushing to deport more undocumented migrants who compete with citizens for jobs in an economy with one of the highest unemployment rates globally, the minister overseeing the...
Reserve Bank Governor Lesetja Kganyago emphasised the benefits of a lower inflation goal, saying it could save the government as much as R900-billion over a decade in debt-service costs. “What we...
South African local-currency government bonds are becoming a top pick for investors seeking an alternative to US Treasuries amid worries about a weaker dollar and rising government debt, according...
South Africa’s R440-billion transmission grid expansion programme has attracted interest from international developers, including a company owned by Indian billionaire Gautam Adani and Chinese...
The rand was flat in early trade on Thursday, as cautious investors awaited news on South Africa's possible removal from the Financial Action Task Force's "grey" list, along with key US inflation...
The South African rand slipped on Wednesday after September headline inflation ticked up, but the increase was smaller than expected, bolstering the case for the central bank to resume rate cuts....
A mega-scale wind project, which includes a 100-km self-build transmission line to connect into the national grid, is steadily advancing towards construction, which is currently anticipated to...
South Africa's headline inflation rate edged up in September, but the increase was smaller than expected and economists said they thought the central bank could restart interest rate cuts soon....
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ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...
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