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South Africa

South Africa to implement serious structural reforms amid fiscal challenges

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South Africa will implement structural reforms as the country faces some fiscal challenges, according to the Minister of Finance Tito Mboweni. Mboweni...
Electricity

Unions express worry about unbundling at power utility Eskom

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Members of two largest unions at power utility Eskom on Wednesday picketed against unbundling of the company which they said might lead to retrenchments...
Railway

South African rail agency loses some US$69 million in vandalism, irregular expenditure

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In the last two years the Passenger Rail Agency of South Africa (Prasa) has lost over R1 billion (about 69 million U.S. dollars) for...
Congress of South African Trade Union (Cosatu)

Labor federation slams looming retailer’s retrenchments

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The Congress of South African Trade Union (Cosatu) on Tuesday lambasted retail giant Massmart's plans to retrench nearly 1,500 employees. Cosatu spokesperson...
Business Management Salary

South African Minerals Council calls for urgent measures to address economy

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The Minerals Council South Africa has called on the government to urgently take critical steps needed to revive the country's economy. The...
education

200 schools in South Africa offer Mandarin lesson

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About 200 South African schools now offer Mandarin to those interested in learning the subject, said a South African government official on Friday. ...
Gross Domestic Product (GDP)

Economists agree with World Bank’s projection for South African growth

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South African's economists said the country's gross domestic product (GDP) growth for 2020 was likely to be below 1 percent, citing several factors. ...
African National Congress (ANC)

South African president to highlight economy as ruling party marks 108 anniversary

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As South Africa's ruling party the African National Congress (ANC) celebrating its 108 anniversary, President Cyril Ramaphosa is expected to focus on the stagnant...
banks

South Africa’s Absa PMI declines in December

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The Absa purchasing managers' index (PMI) declined to 47.1 index points in December 2019 from 47.7 points recorded in November due to load shedding,...
Electricity

New Eskom CEO urged to deal with electricity blackouts in South Africa

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With the newly appointed power utility Eskom's CEO Andre de Ruyter starting his tenure on Monday, he is urged to urgently resolve rolling blackouts...
South African President Cyril Ramaphosa hailed by the National Assembly

South Africa working to better lives of citizens – Cyril Ramaphosa

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The South African President Cyril Ramaphosa on Tuesday said his government is working to lure investors, strengthen institutions, fight poverty and create jobs. ...
arrested

9 South African traffic police officers arrested for bribery in December

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Nine law enforcement officers have been arrested since the beginning of the festive season, the South African Road Traffic Management Corporation (RMTC) said on...
A tourist relaxes at Cottar 1920s Camp; travel insurances assures you security over the unseen

9 foreign tourists robbed in South Africa

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Nine tourists were robbed of their belongings in South Africa's Limpopo Province, said the police on Saturday. The police said three armed...
South African Police Car Masoyi

7 found dead with gunshot wounds in Johannesburg

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South African police on Friday said they found seven bodies with gunshot wounds dumped near a highway in Johannesburg. "The bodies were...
arrested

South African police arrest power utility senior managers for corruption

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The South African police on Thursday arrested power utility Eskom senior managers for alleged fraud and company executives for alleged corruption and money laundering. ...
Syria

South African government still working to rescue kidnapped citizen in Syria

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The International Relations and Cooperation department (Dirco) on Wednesday said they are working hard on a South African citizen who recently escaped from detention...
cryptocurrencies

South Africa raises awareness of unverified online investment

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The South African Financial Sector Conduct Authority (FSCA) on Saturday warned people not to conduct online business transactions with unverified companies. They gave...
South Africa

South Africa to continue shedding jobs as economic growth stagnant

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South Africa's sluggish economic growth will continue shrinking and shed more jobs in the fourth quarter of 2019, Jannie Rossouw, professor at Wits Business...
African National Congress (ANC)

South Africa’s ruling party calls for proper management on SOEs

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South Africa's ruling party African National Congress (ANC) on Wednesday called for proper management of the state owned enterprises to benefit the economy. ...
Electricity

South Africa’s power cuts set to continue

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South African power utility Eskom on Monday announced that power cuts is to continue throughout the day after implementing stage 4 load shedding due...
South Africa

South Africa vows to improve government services during holiday season

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South Africa will deploy more government officials during the upcoming holiday season to cope with an increase in the number of travelers, the Department...
Afcfta

Experts have high expectations for South Africa in upcoming rotational AU chair

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A lot is expected as South Africa is to assume the African Union chairship in 2020. Philani Mthembu,the executive director of South...
South African President Cyril Ramaphosa and Foreign Minister Lindiwe Sisulu at AfCFTA in Kigali, Rwanda, March 20-21, 2018

South African president bemoans gender based violence crisis

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With South Africa's soaring gender-based violence cases, President Cyril Ramaphosa on Monday said the "crisis" of violence against women and children was a "shame...

MultiChoice Group hosts media showcase event in Johannesburg

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MultiChoice Group (MCG) hosted its second annual media showcase, under the theme ‘Africa’s most-loved storyteller’, in Johannesburg today with representatives from across the African...
BRICS cooperation

Russia pledge to build on BRICS achievement

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Russia will use the BRICS chairship to continue to build on the work done by the institution and introduce new initiatives, said Dmitry Zudin,...
UNHCR

South African police remove refugees from UNHCR premises

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South African police on Friday evicted refugees who have been occupying the premises of the United Nations High Commissioner for Refugees' (UNHCR) offices in...
nuclear

Africa’s US$2.6 Trillion Energy Gap Provides Opportunities

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2020, As per the latest report from the International Energy Agency (IEA), Africa is experiencing the fastest progression of urbanisation the world over, thereby...
banks

South African banks warn clients to be alert during festive season

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South African banks warned their clients to safeguard their personal documents and be careful during the festive season since it is the period of...

Africa Investment Forum ends with US$40.1 billion deals secured

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The second Africa Investment Forum ended on a high note, Wednesday, with 56 boardroom deals valued at US$67.6 billion tabled - a 44 per...
bank agreement

African Investment Forum makes funding attainable

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The President of Trade and Development Bank (TDB) has commended the African Investment Forum, saying it has made possible for businesses and projects requiring...
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