Nedlac sets up team to finalise SA economy’s recovery programme

13 August 2020, 7:39 PM
The National Economic Development and Labour Council (Nedlac) says it has set up a working team that will finalise a recovery plan for the South Africa economy.
Zimbabwe’s RioZim shuts mines over dollar shortages 31 October 2018, 8:46 PM

Zimbabwe's gold miner RioZim has closed its three mines due to a shortage of dollars, the company said in a letter to the central bank seen by Reuters on Wednesday.

Investigation into petrol prices continues 31 October 2018, 8:30 PM

South Africans will know by the end of January next year, the outcome of government's investigation into possible capping of the petrol price.

Plan afoot for regularisation of illegal mining 31 October 2018, 8:09 PM

Mineral Resources Minister Gwede Mantashe says his Department will roll out the regularisation of illegal mining throughout the country if the two pilot projects in Kimberley in the Northern Cape and Tubatse in Limpopo are successful. 

South African arms firm Denel makes loss in 2017/18, eyes turnaround 31 October 2018, 7:37 PM

South Africa’s struggling state-owned defence firm Denel said on Wednesday that it had made an operating loss of 1.7 billion rand ($115 million) in the 2017/18 financial year and that its short-term outlook was under pressure due to cash constraints.

Implats in talks to sell 1 Shaft operation in Rustenburg 31 October 2018, 5:54 PM

South Africa’s Impala Platinum (Implats) said on Wednesday it was in talks to sell its 1 Shaft operation in Rustenburg in a move to make its struggling mines profitable, sending its shares higher.

More consultations needed for petrol price cap: Radebe 31 October 2018, 5:35 PM

South Africans will know by the end of January next year, the outcome of government's investigation into possible capping of the petrol price.

Taxpayers have until midnight to submit tax returns 31 October 2018, 3:14 PM

Individual taxpayers have until close of business to file their personal income tax returns before tax season closes.

Parly to question Mokonyane about SABC retrenchments 31 October 2018, 5:55 AM

Communications Minister Nomvula Mokonyane is today expected to answer various questions about the SABC.

VBS Bank
Reserve Bank to liquidate VBS Bank 30 October 2018, 7:09 PM

The Reserve Bank has finally decided to liquidate VBS Mutual Bank.It filed papers at the Pretoria high court on Monday for the final liquidation.

S&P says concerned about SA’s fiscal consolidation, land reform 30 October 2018, 4:43 PM

South Africa’s sovereign rating risked being downgraded due to concerns about the postponement of fiscal consolidation and lack of clarity around land expropriation, a senior S&P Global Ratings analyst said on Tuesday.

Ramaphosa pleased with progress made by G20 Africa Summit 30 October 2018, 2:34 PM

President Cyril Ramaphosa has welcomed the progress the G20 Africa Summit has made in line with its commitments last year.

SA unemployment rate rises to 27,5% 30 October 2018, 2:09 PM

Stats SA says the unemployment rate increased slightly in the third quarter of 2018 to 27, 5%. This is up from the second quarter's 27, 2%.

Cyril Ramaphosa
SA still good destination for investment : Ramaphosa 30 October 2018, 11:58 AM

President Cyril Ramaphosa has told business people in Germany that despite the various problems that South Africa may face it is still a good destination for investment.

SARS logo
SARS urges taxpayers to file before deadline 30 October 2018, 6:24 AM

Individual taxpayers have until Wednesday to file their personal income tax returns before tax season closes.

Mthuli Ncube
Zimbabwe’s 2018 budget deficit seen at 11.1 percent of GDP 29 October 2018, 6:50 PM

Zimbabwe’s budget deficit will more than double to 11.1 percent of gross domestic product this year from an initial forecast of 5 percent due to runaway government spending, a senior treasury official said on Monday.

An MTN outlet
MTN Q3 subscribers rise on upbeat Nigeria market 29 October 2018, 4:10 PM

MTN Group, Africa’s biggest mobile operator, reported a 1.1 percent rise in quarterly user base on Monday, helped partly by strong performances in Nigeria, its largest but increasingly problematic market.

KPMG building
Nedbank becomes latest firm to drop KPMG 29 October 2018, 3:20 PM

South African lender Nedbank said on Monday it would appoint Ernst & Young as joint external auditors in May 2019, becoming the latest firm to drop the scandal-hit KPMG’s local unit.

Zambia Flag
Zambia to look at rebasing economy size in 2019: Minister 29 October 2018, 6:19 AM

Zambia said on Sunday it would set aside funds aimed at rebasing the size of its economy in 2019, the latest African nation to take a route that typicallyinflates the size of its gross domestic product.

SAS logo
SA to build hydrographic survey vessel 28 October 2018, 9:20 PM

A ship building company in Durban will next month start construction on a hydrographic survey vessel for the South African Navy, the first naval vessel to be built in South Africa in 30 years.

Pravin Gordhan
SACP backs Gordhan 28 October 2018, 4:45 PM

The South African Communist Party says it supports the State Enterprise Minister Pravin Gordhan in the fight against corruption in government.

Qatar easing of foreign worker exit system comes into force 28 October 2018, 12:19 PM

Long-awaited reform of Qatar's controversial exit visa system, which requires foreign workers to obtain their bosses' permission to leave the country, came into force on Sunday.

Failure to file tax returns could result in penalties 28 October 2018, 10:29 AM

The South African Revenue Service's Executive Compliance Auditor, Fareed Khan‚ has warned that taxpayers' failure to file tax returns by the looming deadline on the 31st of October could result in penalties, starting the first of November.

Ramaphosa to address G20 Africa Conference 28 October 2018, 6:45 AM

President Cyril Ramaphosa is expected to deliver a keynote address at the G20 Africa Conference in Germany this week.

President Cyril Ramaphosa in his office
Ramaphosa to attend G20 Africa Investment Summit 27 October 2018, 8:40 PM

President Cyril Ramaphosa is expected to make his maiden attendance at the G20 Africa Investment Summit, which kicks off in Germany on Monday.

IMF building
IMF board approves $56 billion loan package for Argentina 27 October 2018, 2:56 PM

The International Monetary Fund executive board on Friday approved a $56 billion loan package for Argentina to help stabilize the crisis-battered country's economy.

Failure to file tax returns by deadline could result in penalties: SARS 27 October 2018, 12:48 PM

The South African Revenue Service(SARS) has warned that taxpayers who fail to file tax returns by this month's deadlines could face penalties from the 1st of November.

Presidential investment envoys to visit US 27 October 2018, 11:53 AM

The four presidential investment envoys will visit the United States next week, building on the momentum of the successful South Africa Investment Summit in Sandton.

Room for greater investment by private sector: Mantashe 27 October 2018, 8:27 AM

Mineral Resources Minister, Gwede Mantashe, says there's room for greater investment by the private sector.

[Watch] In conversation with Jack Ma at Invest SA 27 October 2018, 8:07 AM

Founder and CEO of the Alibaba Group, Jack Ma in conversation with SABC News' Nzinga Qunta at Invest SA Summit in Sandton, Johannesburg.

Fitch warns of ‘uncertainty’ over Brexit in latest ratings 27 October 2018, 6:47 AM

Ratings agency Fitch on Friday maintained Britain's long-time AA debt rating, but warned of risks connected to a potentially difficult Brexit transition.