Category: Business

Johannesburg – Green energy will soon be at the heart of the partnership between South Africa and Germany. President Cyril Ramaphosa hosted German Chancellor Olaf Scholz, who was welcomed at the Union Buildings on Tuesday. Germany is South Africa’s second-largest trading partner. Delegates will visit Sasol on Tuesday afternoon for the launch of a historic […]

Johannesburg – More and more people are seeking mental health assistance according to Netcare’s latest half-year results. The private healthcare provider reported a steady improvement in its financial performance over the six month period ending on the 31st of March this year. Occupancy levels at Netcare’s mental health facilities increased to 64.2% for the period […]

Eskom is in tatters as claims of sabotage and theft take centre stage at the power utility amidst another week of loadshedding. Over the weekend, the power utility pushed the country into Stages 3 and 4 loadshedding, notifying the public that Stage 2 will continue throughout the week. Since then, Public Enterprises Minister Pravin Gordhan […]

Johannesburg -The Reserve Bank may raise interest rates by half a percentage point on Thursday with the latest inflation figures showing price rises remain stubbornly high. Statistics South Africa says consumer inflation was unchanged at 5.9% in April. A higher inflation forecast supports the case for the bank to raise interest rates. The latest figures […]

Johannesburg – The fraud case involving former Bosasa COO, Angelo Agrizzi, is expected back in court on Wednesday. Agrizzi is accused of bribing former MP Vincent Smith in exchange for his influence. Smith was at the time chair of Parliament’s Correctional Services Committee. Bosasa scored prison contracts totaling just over R1 billion between 2004 and […]

Johannesburg – Brace yourself for massive fuel price hikes. The Automobile Association is predicting huge increases across the board next month. A litre of petrol will cost motorists up to R1.97 more. Diesel is expected to spike by up to R1.62 while a litre of paraffin is expected to increase by a whopping R2.14. The […]

MTN South Africa grew its subscriber base by 7.1% at the end of March to reach 34.5 million subscribers. It’s seen good performance in both prepaid and contracts. The network operator said it also saw a group double-digit service revenue growth despite a challenging macro-economic environment. The company said power cuts in South Africa have […]

Johannesburg – South Africa’s economic activity slowed down in April, but is still showing growth according to the latest monthly data in the BankservAfrica Economic Transactions Index. The BETI increased by a steady 4.5% compared with a year ago, to reach the actual level of 136.1. It says the standardised nominal value of transactions processed […]

Johannesburg – The South African Post Office has announced it will no longer pay the R350 social relief of distress grant through its branches. It says the move will help alleviate long queues at its branches, with many recipients of the grant having several options to collect the money. The Post Office has advised those […]

Johannesburg – The mining sector is calling on government to speed up infrastructure and mining rights reforms. The Mineral Council says South Africa could unlock almost R100 billion of investment if it cleared the red tape. Mining firms added the bulk of corporate tax revenue in 2021 due to a commodity boom. However, new firms […]