Sasol says ready to the meet government’s new fuel specifications but only in 2030

22 September 2021, 8:03 PM
Petrochemical giant Sasol says it's ready to meet government's new fuel specifications but only in 2030.
Stocks post gains, dollar strengthens after Fed flags taper soon 23 September 2021, 1:56 AM

A gauge of global stock markets ended solidly higher and the US dollar strengthened on Wednesday after the Federal Reserve cleared the way for the central bank to reduce its monthly bond purchases soon, while easing market jitters around property developer China Evergrande helped risk appetite.

Truck companies losing millions monthly due to delays at Lebombo Border 22 September 2021, 6:34 PM

Truck companies transporting different goods to Mozambique could lose about R10 million monthly due to delays at the Lebombo Border Post in Mpumalanga.

CPI increased to 4.9 percent in August, up from 4.6 percent in July 22 September 2021, 4:11 PM

Figures released by Statistics South Africa indicate that the annual consumer price inflation was at 4,9 percent in August 2021, up from 4,6 percent in July 2021.

Consumer optimism decreases after ongoing financial hardship, unrest: Study 22 September 2021, 1:02 PM

Levels of consumer optimism among South Africans have decreased in the face of unrest and ongoing financial hardship during the pandemic. This is according to the latest findings from TransUnion's third-quarter Consumer Pulse study.

Green connection, fishing communities unhappy with Nersa’s decision on Karpowership licences 22 September 2021, 6:32 AM

The Green Connection and small-scale fishing communities say Nersa is making decisions that will adversely affect coastline communities and the environment. This after the regulator approved three generation licenses for Karpowership South Africa.

Wall Street ends near flat on cautious note ahead of Fed 22 September 2021, 4:05 AM

US stocks ended near flat on Tuesday after a broad sell-off the day before, with worries over troubles at developer China Evergrande and caution ahead of Wednesday's Federal Reserve policy news keeping a lid on the market.

IMF calls for coordinated action, accountability in COVID-19 battle 22 September 2021, 2:29 AM

The chief economist of the International Monetary Fund on Tuesday called for coordinated action and greater accountability to ensure that the world meets a target of vaccinating 40% of people in every country against COVID-19 by the end of 2021.

Karpowership says Nersa has granted it licences for floating power generation 21 September 2021, 7:50 PM

South African energy regulator Nersa has granted Turkey's Karpowership three licences to generate power on floating gas ships at ports, a company spokesperson said on Tuesday.

Informal traders to engage with eThekwini officials for assistance after July unrest 21 September 2021, 3:00 PM

Informal traders in Durban, who were severely affected by the mid-July unrest, say they will engage with city officials on how best they can be assisted so they can continue to contribute to the economy.

Numsa to stage nationwide strike after wage talks deadlock in engineering sector 21 September 2021, 2:51 PM

Trade union Numsa says it will stage a national strike in the engineering sector from the fifth of next month after wage talks reached a deadlock.

‘India’s plan for tighter e-commerce rules faces internal government dissent’ 21 September 2021, 11:57 AM

India's plan to tighten rules on its fast-growing e-commerce market has run into internal government dissent, memos reviewed by Reuters show, with the Ministry of Finance describing some proposals as "excessive" and "without economic rationale".

Wall Street ends sharply lower in broad sell-off 21 September 2021, 2:34 AM

Wall Street fell in a broad sell-off on Monday, with the S&P 500 and Nasdaq suffering their biggest daily percentage drops since May, as fear of contagion from potential collapse of China's Evergrande drove investors out of equities in a flight for safety.

Two day virtual tax indaba kicks off 20 September 2021, 3:41 PM

The South African Revenue Service (Sars) says it has seen an increase in tax non-compliance with some taxpayers having dishonest, illegal, and suspicious behaviour.

US Treasury’s Yellen: Debt default would ‘permanently’ weaken America 20 September 2021, 4:00 AM

United States (US) Treasury Secretary Janet Yellen issued a fresh plea for Congress to raise the federal debt ceiling on Sunday, arguing a default on US debt would trigger a historic financial crisis.

Rating downgrades on municipalities leave little room left for service delivery projects: Analyst 19 September 2021, 9:55 PM

Director at Third Republic and municipal analyst, Paul Berkowit, says rating downgrades on municipalities means higher interest payment on debt which leaves little left for service delivery projects.

Facebook says WSJ allegations are ‘mischaracterizations,’ confer ‘false motives’ 19 September 2021, 1:16 AM

Facebook Inc (FB.O) on Saturday slammed a Wall Street Journal series of articles about the social media company's platform as containing "deliberate mischaracterizations" and said the articles "conferred egregiously false motives to Facebook's leadership and employees."

Western Cape company director accused of COVID-19 TERS fund fraud out on bail 18 September 2021, 11:08 AM

A company director in the Western Cape who has been accused of fraud related to the COVID- 19 Temporary Employer/Employee Relief Scheme TERS funds has been granted bail of R5 000 by a local magistrate's court.

‘Not true’: IMF chief Georgieva denies pro-China pressure on World Bank report 18 September 2021, 9:26 AM

International Monetary Fund (IMF) chief Kristalina Georgieva on Friday denied allegations that she pressured World Bank staff to alter data to favour China during her time as World Bank CEO, as the IMF's executive board launched a formal review of the matter.

World shares fall as markets await Fed meeting, taper timeline 18 September 2021, 1:08 AM

World shares fell on Friday after a week of mixed economic data and fears over the stability of growth and Asian markets put the focus on the US Federal Reserve's timeline for tapering asset purchases.

Nxesi defends proposed amendment to Employment Equity Act 17 September 2021, 6:46 PM

Employment and Labour Minister Thulas Nxesi has defended the proposed amendment to the current Employment Equity Act which is aimed at strengthening the government's ability to enforce racial equality in the workplace.

More people getting vaccinated will help boost Gauteng’s economy : Tau 17 September 2021, 2:06 PM

Gauteng's Economic Development MEC Parks Tau says the only way the economy can be boosted, is if more people are vaccinated.

Rand firms, but heads for weekly loss 17 September 2021, 11:59 AM

South Africa's rand firmed early on Friday, but was on track for weekly losses as the US dollar rose and weak domestic economic data weighed on sentiment.

FirstRand reports improved earnings for annual report 17 September 2021, 11:34 AM

The FirstRand group has reported a 54% jump in normalised earnings at R26-billion in its annual results for the year ended June 2021.

Tshwane municipality uses artificial intelligence to fight nepotism 17 September 2021, 6:22 AM

The City of Tshwane has started with its Expanded Public Works Programme (EPWP) lottery recruitment drive.

Algeria prepares new investment law, aims for non-energy funding sources 17 September 2021, 4:00 AM

Algeria is preparing a new investment law to improve its business climate and attract foreign investors with the aim of boosting the non-energy sector, Prime Minister Ayman Benabderrahmane said on Thursday.

IMF, World Bank urge more COVID-19 vaccination doses to go to poor countries 17 September 2021, 2:22 AM

International Monetary Fund Managing Director Kristalina Georgieva and other multilateral-organization leaders on Thursday urged countries with high COVID-19 vaccination rates to boost efforts to send doses to low- and middle-income countries.

S&P ends modestly lower as rising Treasury yields offset robust retail data 16 September 2021, 11:12 PM

The S&P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the US economic recovery.

Short term credit extension in SA declines 16 September 2021, 8:33 PM

Short-term credit extension in South Africa has declined by 12,3 percent between the last quarter 0f 2020 and the first quarter of 2021 due to job losses during the COVID-19 pandemic.

Unions at Harmony Gold sign wage agreement 16 September 2021, 6:22 PM

The National Union of Metalworkers of South Africa (NUMSA) together with other recognised unions at Harmony Gold have concluded and signed a wage agreement.

Online purchases boost US retail sales, labour market recovering 16 September 2021, 4:22 PM

US retail sales unexpectedly increased in August as a surge in online furniture store purchases offset a continued decline at auto dealerships, which could temper expectations for a sharp slowdown in economic growth in the third quarter.