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.
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Manyano Rasmeni looking after his crop. My journey back to the land.
My journey back to the land 3 August 2018, 4:40 PM

Rasmeni says land is everything, it is his passion. After leaving his corporate marketing  job at one of South Africa's biggest media companies, six years, Rasmeni, 34, moved back home to help out on his parent’s farm in Frankfort, outside Bhisho.

Zikalala says they will deal with unscrupulous traders who exploit desperate consumers.
KZN puts in place measures to curb consumer rights violations 3 August 2018, 3:50 PM

KwaZulu-Natal MEC for Economic Development, Sihle Zikalala, says he is putting in place measures to curb consumer rights violations in the province.

Fort Hare university entrance
Nehawu strike at Fort Hare University finally over 3 August 2018, 11:43 AM

The eight week long workers' strike led by Nehawu at the University of Fort Hare in the Eastern Cape, has ended.

Pikitup says workers will be notified once the process has been completed.
Pikitup alarmed at employees’ protest 3 August 2018, 9:51 AM

The Johannesburg waste management company, Pikitup says there is a process underway to employ former Jozi@work workers and Pikitup employees.

Nomfundo Mcoyi addressing audience.
iCebolethu Foundation casts spotlight on scarce skills 3 August 2018, 7:29 AM

A lack of information and exposure to scarce skills fields is one of the major reasons young people in disadvantaged areas are not entering these careers. 

Cosatu is unphased by the drop in the rand value
Cosatu not moved by 16 cents drop in rand over land issue 2 August 2018, 9:00 PM

Cosatu, speaking on the sidelines of the student debate on land, has labelled the 16 cents decline in rand value as a form of blackmail from imperialist forces.

SA's education system is not producing candidates who are in demand in the economy
‘Govt policies needed to adapt to changing environment’ 2 August 2018, 3:10 PM

Brics Labour Ministers have heard at a summit on the KwaZulu-Natal North Coast that clear and coherent government policies are needed to adapt to fast paced change in the work place due to the fourth industrial revolution .

Implats will cut 13000 jobs
SA platinum miner to slash 13 000 jobs 2 August 2018, 2:28 PM

South African platinum miner, Impala Platinum, will cut 13 000 jobs over the next two years, it said on Thursday, as the local platinum industry grapples with rising costs and weak prices for the precious metal.

SABC plans to increase revenue generation: GCEO 2 August 2018, 11:25 AM

The SABC says it has a turnaround strategy which will be implemented soon. The public broadcaster has informed its service providers that they won't be getting paid for the month of July.

Moyane's objections have been dismissed
Moyane objections to DC dismissed 2 August 2018, 10:47 AM

The objections of suspended SARS Commissioner, Tom Moyane against his disciplinary hearing have all been dismissed by the chairperson of the inquiry, Azar Bham.

China-backed trade pact could be signed by year-end: Singapore PM 2 August 2018, 5:47 AM

Singapore's prime minister said on Thursday he hoped to complete by the end of the year a massive China-backed regional trade pact that has taken centre stage as Washington embarks on a unilateral, protectionist agenda.

That national carrier is back under the control of Public Enterprises
SAA moved back to Department of Public Enterprises 1 August 2018, 9:31 PM

South African Airways (SAA) has been moved back to the Department of Public Enterprises under Minister Pravin Gordhan

Adv Ngukaitobi argues that there was collusion
‘Banks colluded in fixing the rand-dollar exchange rate’ 1 August 2018, 8:47 PM

The Competition Commission's legal representative in the Banks Forex matter, Advocate Tembeka Ngcukaitobi, says the banks colluded to fixing the rand-dollar exchange rate by means of a specially created chatroom on the Bloomberg terminal.

Enoch Godongwana speaks on the stimulus package announced by the President
‘Stimulus package is a response to unemployment’ 1 August 2018, 3:16 PM

The chairperson of the ANC Subcommittee on Economic Transformation, Enoch Godongwana says the introduction of stimulus package announced that President Cyril Ramaphosa on Tuesday night is a direct response to rocketing unemployment.

Fuel increases prompt taxi fare hikes 1 August 2018, 10:10 AM

Taxi fares are going up across the country with effect from Wednesday.

Gautrain management seek to interdict striking workers 1 August 2018, 6:00 AM

The United National Transport Union says Gautrain management has gone to court to interdict the striking workers.

Banks implicated in Rand-rigging deny alleged collusive transactions 31 July 2018, 9:34 PM

Commercial banks that are implicated in the rigging of the Rand against the US dollar saga say the competition commission has failed to provide enough facts regarding the alleged collusive transactions.

SA trade surplus widens to a surprise of R12 billion 31 July 2018, 8:59 PM

South Africa's trade surplus has widened to a surprise 12 billion the month of June, year-on-year.

IMF urges Greece to pursue ‘realistic’ economic targets 31 July 2018, 7:05 PM

The International Monetary Fund on Tuesday urged Greece to be "realistic" about its economic goals, and reiterated the longstanding concern the country may yet need additional debt relief.

VBS clients to retain their funds with Nedbank 31 July 2018, 3:48 PM

Nedbank says the number of consumers visiting its selected branches to access money, which had been initially invested with VBS Mutual Bank is slowly declining.

SA unemployment rate rises 31 July 2018, 12:53 PM

South Africa’s unemployment rate worsened to 27.2% in the second quarter of 2018.

Handful of people turn up for fuel price march 31 July 2018, 10:15 AM

Only a handful of people have turned up for picket over fuel prices orgnaised by the DA, OUTA and others at the National Treasury in central Pretoria.

Car at a petrol tank
Call for motorists to join march against high fuel prices 31 July 2018, 7:02 AM

The DA, Outa and other groups are to lead a march against what they call a high fuel tax levy in Pretoria on Tuesday.

Be Alert: someone is stealing your money on Pay Day 31 July 2018, 6:40 AM

Debit order fraud and abuse has become a major issue in this country in the past few years which has seen a rise in fraud syndicates that abuse the debit order facility with banks struggling to protect monies from being stolen from individuals account.

Banks appear before Competition Tribunal for collusion 30 July 2018, 9:17 PM

Lawyers representing 23 banks that are accused of manipulating the rand against the dollar say the Competition Commission's case has not shown sufficient evidence of anti-competitive conduct.

Eskom warns of possible high risk of load-shedding 30 July 2018, 8:49 PM

Eskom says it may resort to load-shedding after several incidents of intimidations and sabotage at some of its power stations.

Petrol price to go up 30 July 2018, 5:12 PM

The retail price of petrol will go up by one cent a litre from next Wednesday. The Department of Energy says illuminating paraffin will also cost four cents more. LP Gas users will be the hardest hit with a 17 cents price increase. However, the price of diesel is set to decrease by four-cents a […]

Treasury receives draft forensic report on Eskom and Transnet irregularities 30 July 2018, 2:53 PM

National Treasury has announced that it received the draft forensic report on the alleged irregularities in the awarding by Eskom of a coal contract to Tageta and in Transnet procurement of locomotives from China South Rail. The report has been given to the relevant parties for comment and have been given two weeks to respond. […]

Eskom employees down tools at several power stations 30 July 2018, 1:09 PM

Eskom says power supply has not yet been disrupted after some workers downed tools at several of the utility's power stations.

A worker at a Makro branch.
South Africa’s Massmart warns H1 profit could fall 26 % 30 July 2018, 8:53 AM

Massmart Holdings expects half-year profits to fall by as much as 26%, the South African retailer said on Monday citing muted sales growth.