US Treasury Secretary Steven Mnuchin said Friday he had told the head of China's central bank about his concerns over the weakness of China's currency.
Global stock markets staged a mild rebound Friday, one day after ferocious losses sparked by heightened economic concerns...
The strike by members of the National Education Health and Allied Workers’ Union (Nehawu) at the South African Social Security Agency (Sassa) is over. Nehawu, Sassa and Social Development Minister Susan Shabangu have reached an agreement to end the strike. The parties also announced this week, following a meeting, that the Biometric Enrolment of grant […]
The Broadcasting, Electronic, Media & Allied Workers Union says the notice of Section 189 of the Labour Relations Act sent to unions by the South African Broadcasting Corporation is defective.
The SABC says there are no any guarantees that the public broadcaster will be able to pay salaries and the thirteenth cheques over the next three months.
About 100 VBS Mutual Bank employees countrywide face possible retrenchment next month.
The Hawks says it has assembled a strong, well-resourced team to investigate the looting of funds from the Venda-based VBS Mutual Bank.
Steinhoff’s shares fell more than 9 percent on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed.
The National Union of Metalworkers of South Africa (Numsa) is gearing up for a national mega strike in the plastic sector from Monday next week.
South Africa’s biggest insurer Sanlam has sealed a $1.1 billion deal to acquire the remaining 53.37 percent stake in Moroccan insurance firm SAHAM Finances after receiving regulatory approvals, it said on Thursday.
Analysts say a cap on the price of 93-unleaded petrol will ultimately have a negative impact on consumers.
Government is exploring ways of capping the price of unleaded petrol, which is currently at an all-time high, with consumers feeling the brunt of the soaring costs of transport and food.
Labour union Nehawu is to meet striking social security agency(SASSA) workers on Wednesday to decide the way forward following the suspension of the Biometric Enrolment for grant beneficiaries.
The Hawks say that a team of investigators and prosecutors are conducting an investigation into those suspected of looting billions of rands from VBS Mutual Bank.
The Communications Workers Union says it will use Friday's consultative meeting with SABC management to seek clarity on the retrenchments and the public broadcaster's turnaround strategy.
South Africa should seek damages from global auditor KPMG for the role it played in a corruption scandal that saw at least 1.9 billion rand ($130 million) stolen from local bank VBS, a central bank investigation published on Wednesday said.
Angola has secured $2 billion in Chinese financing from the China Development Bank for infrastructure projects on President João Lourenço’s first visit to Beijing, Angola’s state newspaper Jornal de Angola reported on Wednesday.
The World Bank and IMF have endorsed Zimbabwe’s road map to clear more than $2 billion in foreign arrears at a meeting in Indonesia on Wednesday, the finance minister said, adding that the lenders had also backed his two-year economic recovery plan.
Business confidence in the South African economy rose in September, helped by higher export volumes, new vehicle sales and lower inflation, a survey showed on Wednesday.
South African markets rallied after the appointment of former central banker Tito Mboweni as finance minister, an ANC insider and ally of President Cyril Ramaphosa expected to focus on wooing investors and reviving an economy in recession.
A final report on the investigation into large-scale fraud at VBS Mutual Bank indicates that there are no prospects of saving the bank after about R2 billion in depositors' money was looted.
Members of Parliament's oversight Committee on Public Enterprises have expressed outrage about the irregular expenditure of more than R27-billion at Eskom, Transnet and environmental group, Alexco
World leaders need to fix global trading systems instead of trying to tear them down, International Monetary Fund chief Christine Lagarde said Wednesday, in a rebuke to nationalist politicians pushing tariffs and protectionism.
The Democratic Alliance KwaZulu-Natal premier candidate for the 2019 elections Zwakele Mncwango says every leader needs to commit to curbing the high rate of unemployment in South Africa.
eThekwini Expanded Public Works Programme employees have embarked on protest action who are demanding permanent positions.
The South African Social Security Agency workers affiliated to the National Education, Health and Allied Workers’ Union are expected to go on a national strike on Wednesday morning.
President Cyril Ramaphosa says the appointment of former Reserve Bank Governor Tito Mboweni as Finance Minister comes at a critical time for the South African economy.
President Cyril Ramaphosa has accepted the resignation of Finance Minister Nhlanhla Nene.
Nigeria's central bank governor is to meet representatives of telecommunications company MTN and banks on Tuesday to discuss a dispute over the repatriation of $8.1 billion, two sources with direct knowledge of the matter said.
Zimbabwe's gold miner RioZim on Tuesday said it would take legal action to force the central bank to pay it in US dollars for part of its output, signalling impatience by mining companies over acute dollar shortages afflicting the economy.