The National Union of Metalworkers of South Africa (Numsa) and the National Union of Mineworkers (NUM) have accepted Eskom's one-year 7% wage deal in principle and will sign an agreement to this effec...
KwaZulu-Natal's largest water board, Umgeni Water, has appointed Sipho Manana as Acting CEO to replace Mboniseni Dlamini, whose contract expired at the end of June, it was announced on Tuesday. Manana...
The CCMA has ruled that a Johannesburg-headquartered medical group was wrong to fire an employee for refusing to get vaccinated. The commission found that mandatory vaccinations were "unconstitutional...
Emerging market currencies sank to their lowest in 20 months on Tuesday as the dollar stood tall amid growing worries of a recession, with a surge in European gas prices hammering markets in central a...
The euro slid to a 20-year low against the US dollar as traders bet that the European Central Bank will go slower on raising interest rates as the economy risks being tipped into a recession. The comm...
Read: FATF warns SA government to improve monitoring and prosecuting of financial crimes to avoid the ‘grey list. “Changing our laws and regulations will be tough, but that’s the easy part,” Momoniat ...
State capture has generated acres of news columns over the last five years but not a single rand has been recovered by the National Prosecuting Authority (NPA) from the criminal acts of those involved...
Zimbabwe's central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. The central bank governor J...
Tesla shares fell as much as 0.7% shortly after the start of premarket trading Tuesday. Tesla investors have a lot to parse after the July 4 holiday: a disappointing quarter of deliveries, a record mo...
Ster-Kinekor’s business rescue practitioner (BRP), Stefan Smyth, says there are reasonable prospects of rescuing the theatre company following progress made on the implementation of its amended busine...
Unions are scheduled to meet with Eskom at the Central Bargaining Forum (CBF) at 14:00 on Tuesday afternoon, where labour is expected to formally table a mandate from membership on the power utility's...
The rand traded flat against the dollar on Tuesday, as cautious investors refrained from making big bets amid fears that central banks around the world will hike interest rates and push economies into...
The Salungano Group, formerly Wescoal, reported improved annual results thanks to good returns from coal as the company grew its supply to Eskom and also secured its very first export contracts. In it...
The angle that we take in terms of [portfolio positioning amid petrol price hikes] is around how the consumer reacts in this environment and this impact on companies: Carmen Mpelwane – Absa Asset Mana...
The competition for a fuel many want to consign to history is escalating as power generators across Asia and Europe seek to secure additional shipments amid an energy crunch. A hunt by Europe’s coal c...
Italy declared a state of emergency in five northern and central regions devastated by a recent drought, as a severe heat wave takes its toll on agriculture and threatens power supplies. High temperat...
Asian stocks and US equity futures pared gains Tuesday amid a jump in Treasury yields and as an earlier lift to investor sentiment from a potential improvement in US-China ties ebbed. An Asian share i...
South Africa has failed to clean up and secure hundreds of abandoned coal mines that now pose a deadly threat to nearby communities, according to Human Rights Watch. There are more than 400 empty coal...
Russia's invasion of agricultural power Ukraine has severely disrupted the global wheat market, prompting warnings that the conflict could lead to hunger in some countries. Wheat is milled into flour ...
South Africa’s president, Cyril Ramaphosa rejected claims that a court had ruled that mineworkers who were injured at the hands of police may pursue damages against him. Ramaphosa was a non-executive ...
Zimbabwe’s central bank plans to sell gold coins to the public from July 25 as a store of value to stabilise the nation’s tumbling exchange rate and offer an alternative to the US dollar, which is in ...
A new algorithm, formulated by social scientists, can allegedly predict crime with up to 90% accuracy. The tool divides cities into blocks of just over 90 square metres. Previous prediction models hav...
A couple of days of stage six load shedding in one year will neither derail economic growth, nor credit ratings’ outlooks for South Africa, but persistent severe load shedding will, while South Africa...
Despite its extremely aggressive revenue collection campaign, the liquidity squeeze has caught up with the City of Tshwane, leaving it with an empty purse and unable to pay Eskom the R908 million that...
South Africa’s rocketing fuel prices are set to result in interest rate hikes rising for the rest of this year, further hurting the disposable income of consumers and the country’s teetering economic ...
FIFI PETERS: While we are hearing quite a bit about how load shedding is having a devastating impact on small businesses, forcing some to close, big business is also feeling the pinch from the increas...
FIFI PETERS: The agriculture sector has been one of the brightest sectors in the economy for the past two years, growing despite the broader slowdown in the rest of the economy. But the resilience of...
Many pesticides banned in the European Union are used in South African agriculture. A public health expert says this poses a danger to farm workers and consumers, but the pesticide industry says food ...
Ecuador's Finance Minister Simon Cueva will exit the Andean country's government amid a cabinet reshuffle following more than two weeks of protests, the Secretary of Public Administration, Ivan Correa...
The Saudi king has ordered the allocation of 20 billion riyals ($5.33 billion or ~R82 billion) to tackle the effects of the rising global prices, state news agency SPA reported on Monday. Half of the ...
Minister of Transport Fikile Mbalula has talked tough on corruption, saying the time for "thieves" is over. He also called for strong appointments in the transport sector, saying engineers are require...
Standard Bank is ranked 157 in the Top 1 000 World Banks rankings. The bank has been named the top lender in Africa for more than 20 years in The Banker's Top 1 000 World Banks rankings. But SA's seco...
Bus drivers in Maputo, Mozambique’s capital, stopped operations Monday after the government raised fuel prices to a record, bringing the city to a halt. Operators are demanding the authorities allow t...
Protesters snarled up major UK roads on Monday with a slow-moving procession of vehicles to demand government action against rocketing fuel prices. The action came as senior criminal lawyers staged a ...
The number of pubs operating in England and Wales is the lowest on record, research showed on Monday, as surging energy costs combine with a shortage of workers to threaten the future of a much-loved ...
Eskom Chief Executive Officer Andre de Ruyter has said the company would only be sustainable if its debt is reduced to R200 billion. South Africa’s National Treasury is seeking to hire a legal firm to...
The South African unit of M&G Plc., the UK fund manager overseeing more than $390 billion in assets, sees opportunities in investing in the nation’s industrial and financial companies as earnings grow...
The S&J Industrial Estate in Germiston has become the first project outside of North America, and the first in Africa, to secure an EcoDistricts™ Certified endorsement, an initiative that advocates fo...
Billionaire Nicky Oppenheimer, South Africa’s second-richest man, won a court order to temporarily halt mineral exploration on his private family ranch in Zimbabwe. Pearline Mineral Exploration must c...
Ukraine plans to present a blueprint for reconstruction following Russia’s invasion. President Vladimir Putin’s forces closed in on their goal of capturing Ukraine’s eastern region of Luhansk as Ukrai...
Eskom has rejected the City of Tshwane Municipality's offer to enter into payment settlement arrangements for R878 million owed to the power utility. Tshwane failed to pay Eskom a total amount of R908...
South Africa’s government confirmed that it will end a temporary reduction in the fuel levy next month as it announced a 10.6% increase in the gasoline price, pushing it to a new record. The reduction...
The Southern African Clothing and Textile Workers' Union (Sactwu) has said it settled its wage negotiations in the woven cotton sector for a two-year deal, which includes a 7% increase. The deal cover...
The Department of Public Enterprises (DPE) insists that suspended Director-General Kgathatso Tlhakudi was involved in the selection process of a strategic equity partner (SEP) for South African Airway...
The South African unit of M&G, the UK fund manager overseeing more than R6 trillion in assets, sees opportunities in investing in the nation’s industrial and financial companies as earnings growth may...
The South African unit of M&G Plc, the UK fund manager overseeing more than $390 billion in assets, sees opportunities in investing in the nation’s industrial and financial companies as earnings growt...
The very first RocoMamas drive-through outlet opened in South Africa last week, giving the Spur Corporation another boost in its efforts to expand its quick service offerings. The restaurant, which is...
Motorists will face large fuel price hikes on Wednesday, as the petrol levy cut falls from R1.50 a litre to 75c. Petrol prices will be hiked by R2.37 (93) and R2.57 (95) a litre, while diesel prices w...
Although the likes of the mining and power sectors tend to take up much of the spotlight around carbon emission reduction strategies in Africa, the construction sector must not be overlooked in the dr...
One of the world’s worst inflation crises closed in further on another grim milestone in Turkey, and government efforts to help the population cope with the fallout only threaten to make it worse. Pri...