SA’s stimulus plan unlikely to boost growth significantly: Fitch

26 September 2018, 5:42 AM
Credit ratings agency, Fitch, says President Cyril Ramaphosa's multi-billion dollar plan to turn the economy around will not do enough to lift the country's sluggish economic growth rate.
SA President Cyril Ramaphosa
It’s unreasonable to believe Ramaphosa can improve economy: Analyst 10 June 2018, 12:20 PM

Economist Azar Jammine has described as unreasonable expectation that President Cyril Ramaphosa's ascension to power would have had an effect in South Africa's economic growth.

Trump withdraws US endorsement of G7 communique 10 June 2018, 9:45 AM

US President Donald Trump has withdrawn his country's endorsement of the G7 communique after accusing host and Canada's Prime Minister of making false statements at a press conference at the conclusion of the event.

Bank of Baroda
SA police raid Bank of Baroda in corruption investigation 9 June 2018, 3:17 PM

An elite South Africa police unit raided offices of India's Bank of Baroda on Friday and seized documents as part of an investigation into state corruption under former president Jacob Zuma, a police spokesperson said.

Public Servants Association strike unprocedural 9 June 2018, 6:35 AM

The Department of Public Service and Administration says the Public Servants Association strike =, scheduled for Monday, is unprocedural.

Cyril Ramaphosa
Ramaphosa focuses on foreign investment in Canada 8 June 2018, 9:40 PM

South Africa says the invitation of President Cyril Ramaphosa to the G7 leaders summit signals an endorsement of government's renewed drive to bolster foreign investment.

SAA launches 3-year recovery strategy to return to profitability 8 June 2018, 8:58 PM

South African Airways management has announced that it will take on the challenge of making the state-owned airline profitable in three years' time.

74 cash-in-transit committed in Gauteng in 9 months 8 June 2018, 5:28 PM

Seventy-four cash-in-transit heists have been committed in Gauteng in the past nine months.

Rand falls to 6-month low 8 June 2018, 4:23 PM

The rand continued to weaken against a basket of major currencies and lost two per cent in its weakest level in six months -- this week.

Less than 10% of commercial land transferred to black since 1994 8 June 2018, 2:41 PM

Less than ten percent of commercial land has been transferred from white to black people through restitution and redistribution since 1994.

Eskom says the strike will be illegal 8 June 2018, 12:43 PM

Eskom has warned that a strike could put more pressure on its ailing electricity supply system.

Rand falls to near 6-month low as govt bonds weaken 8 June 2018, 10:46 AM

South Africa's rand slumped to a near six-month low against the dollar, and government bonds weakened sharply on Friday, dragged down by weak economic growth and global investors shying away from riskier assets.

NUMSA set to embark on a strike 8 June 2018, 5:42 AM

Trade union NUMSA says it is officially headed for a strike following a deadlock in wage negotiations with Eskom.

Ramaphosa to attend 2018 G7 summit in Canada 7 June 2018, 9:41 PM

Leaders of the Group of Seven nations meeting in Quebec, Canada over the next two days will pressure the United States President on the tariffs he’s imposed on their imports of steel and aluminum sparking fears of a trade war that could undermine global economic growth.

Unions walk out of wage negotiations with Eskom 7 June 2018, 9:01 PM

The National Union of Metalworkers of South Africa (Numsa) has walked out of the second round of wage negotiations with Eskom, accusing the power utility of displaying a hostile attitude towards workers.

Eskom plans foreign bond sale 7 June 2018, 5:37 PM

South African state power utility Eskom plans to sell foreign debt in around two months following an improvement in investor sentiment, its chief executive said on Thursday.

Stats SA notes slight improvement in manufacturing output 7 June 2018, 4:44 PM

Statistics South Africa's latest data shows a slight improvement in manufacturing output.

Rights groups urge EU to reject Vietnam free trade deal 7 June 2018, 1:44 PM

Dozens of organisations including rights groups and pro-democracy activists have urged the European Union to reject a proposed free trade agreement with Vietnam, accusing the one-party state of being among the "worst enemies" of human rights.

Metrobus services suspended after two drivers, two passengers injured 7 June 2018, 12:01 PM

Johannesburg's Metrobus has suspended bus services after two drivers and two passengers were harmed during the ongoing bus strike. Six of its buses have also been attacked during the strike which started on Tuesday.

Metro busses
Metrobus drivers down tools 7 June 2018, 8:54 AM

Johannesburg's Metro bus commuters have been forced to seek alternative transport this morning due to a bus strike.

South Africans frustrated with fuel hike 6 June 2018, 9:23 PM

Motorists and commuters are frustrated with the latest fuel hike. 

Investors demand policy certainty on land 6 June 2018, 9:16 PM

South Africa should do more to create policy certainty to attract R1.2 trillion ($100 billion) in new investment envisaged by President Cyril Ramaphosa.

Tiger Brands appoints new leadership 6 June 2018, 7:05 PM

Tiger Brands has appointed new leadership which will take up office at the beginning of July

SAA reveals plans to revive the failing airline 6 June 2018, 6:27 PM

South African Airways has announced that it will take on the challenge of making the state-owned airline profitable in three years' time.

Nelson Mandela Metro moves budget vote to next week 6 June 2018, 3:11 PM

The Nelson Mandela Bay metro special council meeting set to discuss the 2018/19 budget has been postponed to next week.

Maimane lambastes fuel price increase 6 June 2018, 2:51 PM

Democratic Alliance leader, Mmusi Maimane, says the recent petrol price hike is an insult to the poorest of the poor who live under appalling conditions in South Africa.

Fuel increase will impact working class: SAFTU 6 June 2018, 10:18 AM

The South African Federation of Trade Unions has warned that the latest fuel price increase will have a far reaching impact on the working class.

Petrol increase sends South Africans into social media panic 6 June 2018, 9:25 AM

South Africans have reacted with dissatisfaction on social media platforms as record high fuel prices kicked in at midnight.

SARS launch Project Khokha 6 June 2018, 8:42 AM

The South African Reserve Bank says it has successfully tested its payment system using block chain technology.

Prasa logo
PRASA acting CEO to prioritise passenger service provision 6 June 2018, 6:40 AM

Passenger Rail Agency of South Africa's new CEO Sibusiso Sithole has undertaken before Parliament that he will prioritise passenger service provision.

petrol pump
Petrol price up by 82 cents 6 June 2018, 5:32 AM

Motorists will fork out record high fuel prices from Wednesday as the retail price of petrol has increased by 82 cents per litre.