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Eskom chairperson Jabu Mabuza says the struggling power utility is projected to make a R20-billion full-year loss for the 2020 financial year. The debt-laden parastatal reported a net loss after...
With the capital cost of the Lake Charles Chemicals Project (LCCP) in May forecasted as $12.9-billion, as opposed to the initial $12.6-billion forecast in February, Petrochemical producer Sasol’s...
Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist and commercial executive Dr Michael Ade says the local metals and engineering (M&E) industry has thus far had...
The South African Reserve Bank's monetary policy committee has again left the repo rate unchanged at 6.5%. The prime rate will remain 10.25% The announcement was made by the central bank's governor...
South Africa’s gross expenditure on research and development (GERD) increased in 2017/2018 for the seventh year in succession, the 2017/18 National Research and Experimental Development Survey,...
South African State-owned defence industrial group Denel recently released its annual report for the 2018/2019 financial year (FY). By just about every metric, the group’s position deteriorated...
Amid the prediction that about $300-billion will have been raised globally through online crowdfunding mechanisms by 2025, crowdfunding in South Africa is gaining traction as an increasingly viable...
The World Bank on Wednesday cut its economic growth forecast for sub-Saharan Africa for 2019 to 2021 by 0.2 percentage points from its earlier projection, citing a slowdown in fixed investment and...
South African State-owned defence industrial group Denel announced on the Stock Exchange News Service on Friday that it had released its annual report for the 2018/19 financial year (FY). By just...
New numbers released by Statistics SA show a bloodbath in construction jobs over the past months, while the mining sector is steadily employing more people – for now. The Quarterly Employment...
The Department of Water and Sanitation has called on Gauteng residents to save water, after dam levels in the province declined slightly this week owing to warmer temperatures. The dam levels are...
The future of the South African agricultural sector is dependent on the country and industry making the right policy and investment choices. So cautioned Bureau for Food and Agricultural Policy...
African private businesses are optimistic about their prospects for growth over the next year and are investing in digital systems to support that growth, advisory and professional services...
South African enterprises, in line with global trends, are vulnerable to cyberattacks, struggle to protect themselves and find and retain cybersecurity skills amid changing information technology...
South Africa's official unemployment numbers as announced by the national statistics agency this week, although alarming, still paint a rosier picture than the reality many people experience,...
South Africa’s mid-year population is estimated to have increased to 58.78-million in 2019, a report by the national statistics agency showed on Monday. Gauteng continued to record the largest...
Owing to the global economic crisis which started in late 2008, a structural break occurred in the metals and engineering (M&E) sector, which had hitherto recorded the highest production figure of...
Gauteng Premier David Makhura on Monday said he preferred the Democratic Alliance-led Western Cape municipalities' processes of enforcing good performance and will ensure a pro-active and hands-on...
Financial services provider PPS has revealed that 39% of students are concerned that they may not be employed immediately after their tertiary education. PPS released its 2018 Student Confidence...
Employment in South Africa's non-agricultural formal sector grew by 22 000 in the first quarter of 2019, Stats SA announced on Tuesday in its latest Quarterly Employment Statistics bulletin. This...
Global rating agency Moody's says the contraction of South Africa's GDP in the first quarter is credit negative for SA's government and the country's banks. Last week Stats SA announced the...
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) erased most of last month’s gain and fell to 45.4 index points in May from 47.2 points in April, which – excluding the drop to 45...
The South African Reserve Bank's monetary policy committee has again decided to keep the repo rate unchanged at 6.75%, a decision widely expected by analysts. The central bank's governor Lesetja...
Annual headline consumer price inflation for April has moderated to 4.4% Stats SA announced on Wednesday morning, a figure in line with the expectations of economists. This is within the target...
Fuel data for May 2019 "is showing a listless fuel price picture", reports the Automobile Association, quoting unaudited mid-month fuel price data released by the Central Energy Fund. The AA says:...
South Africa's economy may have contracted in the first quarter of the year, according to a report by NKC African Economics. The economy fell into a technical recession in 2018, before gaining pace...
The lack of load-shedding in April, resulted in an uptick in the outlook for business conditions in the next six months, a survey revealed. The Absa Purchasing Manager's Index for April, released...
While South Africans commemorate the late freedom fighter Chris Hani, who was assassinated 26 years ago, civil society organisation Corruption Watch on Wednesday released a report on how corruption...
Trust in South African institutions has risen, with nongovernmental organisations in the lead while the government remains at the bottom, a survey has shown. The Edelman Trust Barometer, which has...
The tenth edition of the World Energy Council’s (WEC’s) World Energy Issues Monitor 2019 highlights that lithium and cobalt will play an increasing role in commodity market risks, which are...
Treasury's economic growth forecasts are better than some other institutions, members of Parliament heard. The Standing Committee on Finance on Friday held a briefing with officials from Treasury...
If women had equal opportunities to reach their full potential, the world would not only be fairer, it would be prosperous, said World Bank Group interim president Kristalina Georgieva. In its...
A PwC and Mergermarket study of 600 global senior corporate executives has found that most acquisitions and divestments do not maximise value – even when some dealmakers think they do; but that...
A survey undertaken by Sirdar Group has found that boards with at least one independent director are outperforming boards without one and that independent directors seem to be essential to keeping...
Despite the contribution of the construction sector to local economic activity being inconsistent, and having decreased significantly over the years, Constructional Engineering Association (CEA)...
South Africa’s official unemployment rate decreased marginally by 0.4 of a percentage point to 27.1% in the final three months of 2018, Statistics South Africa (Stats SA) reported on Tuesday. The...
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