Business
With emergency reserves low, Eskom says higher power cut stages to stay in place
Households and businesses have been forced to endure longer bouts of rolling power cuts as the utility struggles to keep the lights on.
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More state entities achieving a clean audit, Auditor-General tells MPs
Auditor-General Tsakani Maluleke and the Office of the Auditor-General on Tuesday presented the audit outcomes for national and provincial government for the 2022/2023 financials.
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Patel remains hopeful SA will continue to benefit from AGOA
He told Parliament while government would like to see changes made to AGOA's graduation policy - it did not want this to delay a decision by the US government to extend the preferential arrangement with African countries for another ten years.
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WC govt declares a dispute with national govt over public wage agreement
Western Cape Finance MEC Mireille Wenger said that the effects of the wage increase meant a hike in the Western Cape's wage bill of R2.9 billion.
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Eskom to implement stage 6 power cuts during evenings until Saturday
The ailing utility says that for the next four days, stage 4 load shedding will continue to be implemented until 8PM in evening, thereafter it’s stage 6 until 5AM in morning.
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Navigating the peaks and plateaus of the global interest rates outlook
We’re all aware of the volatile path that ensued from that point to where we currently find ourselves.
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SABC appoints Nomsa Chabeli as new CEO
The South African Broadcasting Corporation (SABC) has appointed Nomsa Chabeli as its new group chief executive officer (CEO) after four months of the public broadcaster being without a CEO.
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'No evidence' Standard Bank was party to Rand-US Dollar manipulation, says CEO
Standard Bank is among over two dozen institutions implicated in the 2017 Rand-US Dollar manipulation scandal that recently drew media attention after a UK-based bank admitted to its involvement in the scheme.
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Africa still being shortchanged by economic superpowers - Pandor
Speaking at the inaugural Cape Town Conversation, Pandor said: 'What these partnerships have not done, they’ve not resulted in increased industrial capacity in Africa, in wider access to energy, [and] in access to smart manufacturing.'
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Parly's Standing Committee on Finance to meet over currency manipulation report
The Competition Commission is expected to brief the committee on Friday afternoon on its investigation and report into the manipulation of the local currency.
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Gauteng shoppers brave heat & long queues for Black Friday deals
Despite the hot weather conditions in Johannesburg, consumers were ready to part ways with their money.
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CCCI working around the clock with stakeholders to resolve CT port gridlock
In Cape Town, vessels are said to be experiencing delays ranging between 12 and 14 days, and some vessels are bypassing the port due to its underperformance.
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Some Black Friday shoppers at Woodmead Value Mart say long wait 'worth it'
Hundreds of people are still lined up outside the Woodmead Value Mart looking to get their hands on cheap sneakers and branded clothing.
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Black Friday: Takealot sales boom with 24-hour shopping marathon launch
TV sets, Playstations, toilet paper and brandy are some of the bestselling items on the online platform this Black Friday.
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Shop with caution, advises expert as Black Friday commences in SA
Despite the rising cost of living, consumers are expected to rush to stores to try to snag great deals on Black Friday - the year’s biggest shopping day.
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Pause on repo rate hike brings much-needed relief to SA's property sector
The South African Reserve Bank on Thursday announced that the repo rate would be kept at 8.25% for the third consecutive time.
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US economic uncertainty means bigger 'Black Friday' discounts
Markdowns are expected to be especially deep, reflecting the pressure stores are under to lure US consumers jaded by still-high inflation for some goods and lingering effects from COVID-19 pandemic upheaval.
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Rand manipulation probe in the hands of Competition Commission, says SARB
Almost 30 commercial banks are under fire for alleged price fixing involving the South African local currency. South African Reserv'e Bank governor Lesetja Kganyago said the Competition Commission 'must be given the space to do their work'.
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Oil prices drop further after OPEC+ delay
Both main crude contracts slid on news that the much-anticipated gathering of OPEC+, an alliance of major producers led by Saudi Arabia and Russia, would be put back by four days to 30 November.
