South Africa’s foreign direct investment inflows rise to $1.7 bln in Q1

16 July 2020, 3:28 PM
South Africa’s foreign direct investment (FDI) inflows rose in the first quarter of 2020, to 29.0 billion rand ($1.74 billion) compared to inflows of 10.5 billion rand in the final quarter of last year, the central bank said on Thursday.
Eskom card electricity box
New substation for Atlantis in Western Cape 19 August 2018, 2:32 PM

A new R114 million substation has been commissioned to increase electricity generation in Atlantis on the Cape West Coast.

Chinese police nab suspects after $87 mln cryptocurrency theft 19 August 2018, 1:05 PM

Chinese police have arrested three suspects alleged to have stolen assets worth 600 million yuan ($87 million) through hacking.

UK’s richest man forced out of the shadows 19 August 2018, 9:25 AM

Reclusive titan of industry Jim Ratcliffe has found himself under unusual scrutiny after being declared Britain's richest man, with his political leanings and tax affairs coming under the microscope.

Hammering of copper price a worrying signal for global growth 19 August 2018, 7:14 AM

The plunge in the price of copper by more than 20 percent since the beginning of June has worried analysts who see it as a bad signal for the global economy.

Venezuela on edge as Maduro unveils raft of economic reforms 18 August 2018, 10:19 PM

Uncertainty reigned in Venezuela on Saturday after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation.

Labour Minister Mildred Oliphant
Parents urged not to overburden children with labour 18 August 2018, 9:25 AM

Labour Minister Mildred Oliphant says it's important for children to perform tasks equal to their age that would help nurture them and not abuse their well-being.

mine worker
Minerals Council SA launches National Day of Safety and Health in Mining 18 August 2018, 8:35 AM

Minerals Council South Africa has launched a National Day of Safety and Health in mining to improve the sector's safety performance.

School learners win SARB prize
Krugersdorp High School learners take SARB prize 18 August 2018, 7:17 AM

Four learners from Krugersdorp High School in Gauteng have won R10 000 each in the South African Reserve Bank (SARB) Monetary Policy Committee (MPC) Schools Challenge.

Cyril Ramaphosa has handed over the one year rotational chairpersonship of the regional block.
SA urges private sector to play greater role to SADC countries’ development 17 August 2018, 6:30 PM

South Africa has urged the private sector to play a greater role in the development of SADC countries.

ANC to scrutinise EFF’s proposed amendments to the Reserve Bank Act 17 August 2018, 5:02 PM

The Office of the ANC Chief Whip in Parliament Jackson Mthembu says the ANC caucus will engage and scrutinise the EFF's proposed amendments to the Reserve Bank Act at a committee level to decide on the desirability of the Bill and if it is in line with ANC policy.

Harmony Gold says impairments will dent full-year earnings 17 August 2018, 4:41 PM

South Africa’s Harmony Gold said on Friday its full-year earnings would be lower than last year due to impairments against a number of its mines as well as foreign exchange losses.

EFF rattle rand with plan to nationalise SA’s central bank 17 August 2018, 2:17 PM

Opposition firebrand Julius Malema introduced a bill to nationalise South Africa’s central bank, raising pressure on the ruling ANC to go through with a plan it shelved this year and rattling markets wary of threats to the institution's independence.

EFF takes steps to nationalise Reserve Bank 17 August 2018, 9:44 AM

Economic Freedom Fighter leader Julius Malema has proposed legislation changes to nationalise the Reserve Bank.

UDM welcomes PIC commission of inquiry 17 August 2018, 5:57 AM

United Democratic Movement leader Bantu Holomisa has welcomed President Cyril Ramaphosa's appointment of a commission of inquiry into the alleged improprieties at state-owned fund manager the Public Investment Corporation.

NUM ready to sign Eskom’s wage agreement 16 August 2018, 8:35 PM

The National Union of Mineworkers says it's ready to sign Eskom's three year wage agreement on condition that the power utility does not press ahead with its intention to discipline its workers.

AMC president, Joseph Mathunjwa
Mathunjwa warns Impala Platinum against job cuts 16 August 2018, 7:12 PM

AMCU president, Joseph Mathunjwa has warned that members of his union will go on strike for a year if Impala Platinum carries out plans to cut up to 13400 jobs.

Ramaphosa appoints inquiry into PIC affairs 16 August 2018, 5:45 PM

The National Treasury says the commission of inquiry that President Cyril Ramaphosa has appointed to investigate state-owned fund manager Public investment Corporation (PIC) will look at matters related to governance failures.

Protesting taxi operators blockade George main road 16 August 2018, 3:21 PM

Taxi bosses are meeting behind closed doors with provincial and municipal traffic authorities in George in the Southern Cape.

Eskom cover picture
Call for urgent resolution to the standoff between Eskom, trade unions 16 August 2018, 3:12 PM

Investors want to see an urgent resolution to the standoff between Eskom and trade unions NUMSA, NUM and Solidarity.

Lira crisis piles pain on Turkish shoppers as costs soar 16 August 2018, 2:01 PM

"Look at this, I have sold nothing!" said Cemile Baykal, sitting in front of piles of vegetables untouched on her Ankara market stall.

Siyabonga Gama wearing glasses and black suit
SA’s Transnet CEO and officials face suspension 16 August 2018, 8:40 AM

The chief executive of Transnet and two other senior officials have been told they will be suspended, the chairman of the state-owned logistics utility said on Wednesday, without giving a reason for the possible suspensions.

Phakamile Hlubi speaking to SABC
Tensions high amid Eskom wage talks stalemate 16 August 2018, 6:37 AM

Numsa and NUM, have re-iterated their demand that Eskom refrain from disciplining employees who participated in the unprotected strike over the last few weeks.

Eskom threatens to take action against striking workers 15 August 2018, 9:00 PM

Eskom has declared a dispute with trade unions NUMSA and NUM over the precondition that the unions introduced as part of the wage negotiations.

SA Express
SA Express to resume flights 15 August 2018, 3:50 PM

South African Express is expected to be back in the air soon. SA Express was grounded in May this year due to safety issues. 

SA rand slumps as Moody’s says fiscal consolidation slows 15 August 2018, 2:58 PM

South Africa's rand slumped on Wednesday as ratings agency Moody's warned that the pace of fiscal consolidation in Africa's most industrialised economy had slowed.

Steinhoff logo
Fedusa suspects manipulation in Steinhoff saga 15 August 2018, 2:22 PM

Labour federation Fedusa says it suspects collaboration and conniving in the Steinhoff saga.

Goverment urged to criminalise selling of illicit tobacco 15 August 2018, 8:30 AM

The Food and Allied Workers Union (Fawu) has called on government to criminalise the selling of illicit tobacco products in the country.

Mining has played a central role in shaping South Africa's history since diamonds were discovered in Kimberley in 1868.
Twilight of South African gold mining fuels job crisis 15 August 2018, 7:22 AM

About 100 miners dressed in high-visibility workwear, balaclavas, gloves and boots line up against a shipping container that serves as a makeshift office at the Evander gold mine.

ANC NEC calls on financial authorities to investigate VBS 14 August 2018, 6:30 PM

The ANC says Reserve Bank will get support in its investigation into the collapse of the Limpopo based VBS Mutual Bank.

President Cyril Ramaphosa looking pensive
Ramaphosa proposes new sovereign wealth fund: party officials 14 August 2018, 3:24 PM

South African President Cyril Ramaphosa has proposed setting up a sovereign wealth fund to help boost economic growth, and his ruling African National Congress (ANC) backs the plan, two senior party officials said on Tuesday.