US stocks ended sharply lower on Friday, with the Dow and S&P 500 posting their worst weekly performances in months, after comments from Federal Reserve official James Bullard that the US central bank might raise interest rates sooner than previously expected spooked investors.
New guidelines for the South African Automotive aftermarket sector will come in to place on the 1st of July.
Calm has been restored in Harrismith after a week of unrest over service delivery issues. Business people are now counting their losses after closing due to protests in the area.
The US Federal Communications Commission voted unanimously on Thursday to advance a plan to ban approvals for equipment in US telecommunications networks from Chinese companies deemed national security threats like Huawei and ZTE.
Asian shares inched higher on Friday but were set for a weekly loss, while the US dollar hovered near two-month highs as investors continued to digest comments from the US Federal Reserve projecting interest rate hikes in 2023.
Former Transnet CFO, Anoj Singh, says he doesn't know why a Gupta linked shelf company Homix was paid over R40 million in a success fee, by Transnet, for its role in facilitating a deal between the State-Owned Entity and telecoms firm Neotel.
Stats SA data shows retail trade sales contracted for a second consecutive month - from 4.5% in March to 0.8 in April.
The union celebrated Youth Day on Wednesday by holding a rally with new recruits from the manufacturing sector in Sebokeng, south of Johannesburg.
The State Capture Commission hears oral evidence from former Transnet CFO Anoj Singh and will also hear evidence from former public enterprise minister Malusi Gigaba on Thursday night.
Labour federation, COSATU says it will continue to put pressure on both the National Treasury and Parliament to speed up the processing of amendments to the Pension Act to allow workers in financial distress limited access to their pensions.
Eskom has expressed sadness about the passing of former board chairperson Dr Jabu Mabuza.
The State Capture Commission hears oral evidence from former Transnet CFO Anoj Singh and will also hear evidence from former public enterprise minister Malusi Gigaba on Thursday tonight.
The South African National Civic Organization (Sanco) in the North West has accused the Department of Mineral Resources and Energy and law enforcement agencies of turning a blind eye to illegal mining activities in the province.
The mine manager of China Africa Precious Metals (CAPM) Isaac Tshabalala says according to their information more illegal miners could have died in an unconfirmed explosion at a mine near Orkney in the North West.
The former chairperson of Eskom and widely admired businessman Dr Jabu Mabuza has died from COVID-19-related complications on Wednesday, his family announced.
MTN Nigeria said on Wednesday it notified some enterprise customers about a potential service disruption to enable them put in place business continuity measures.
The Minister of Mineral Resources, Gwede Mantashe, has raised concern about the impact of illegal mining in communities.
Financial advisers are urging young people entering the labour market for the first time to start saving at least 20 percent on their pay cheque.
They have now requested the commission to call them back in order give their version of events.
Improving the relations between unions and employers is one of the reasons why attorney, Nandipha Tselanyane chose to pursue Labour Law.
The Restaurant Association of South Africa (RASA) has welcomed, with cautious optimism, the new level three lockdown restrictions announced last night, saying businesses need to continue operating amid the pandemic.
The SA Liquor Brand Owners Association has approved government's decision to keep the liquor industry open under the level 3 lockdown.
Deputy President David Mabuza has warned against the racialisation of problems at Eskom. He was responding to a question from the Economic Freedom Fighters (EFF) in the NCOP on whether only black executives are suspended at the power utility pending investigations. Mabuza said the racial tone around criticisms of Eskom leadership in some quarters concerns […]
Investors retrenched and avoided major risks across multiple markets on Tuesday as markets awaited fresh guidance from the US Federal Reserve on Wednesday. Wall Street took a step back on Tuesday, with all three major indices dropping after two posted record highs on Monday. US Treasuries held steady, as did the US dollar, with little […]
The crucial Eskom wage negotiations are now headed for Arbitration following yet another deadlock, this time under the auspices of the Commission for Conciliation, Mediation and Arbitration (CCMA).
High youth unemployment is a burning issue this Youth Month. Creating jobs and economic opportunities for the youth has become a political, economic and social necessity.
The Public Servants Association (PSA) in KwaZulu-Natal says its members are frustrated with the current deadlock in the public sector wage negotiations.
Former South African Airways (SAA) CEO, Vuyani Jarana says the SAA deal - intended to sell a 51% stake to an equity partner with government - will give the airline the opportunity to operate as a functional business.
The head of the World Trade Organisation said on Monday that trade barriers related to medical supplies used against COVID-19 had risen and urged member states to drop them.
The South African Municipal Workers Union (Samwu) says it has begun balloting its members for a possible strike in municipalities across the country.