SA Economy Slips into Recession: South Africans’ Reactions

By Wendy Mothata 05-09-18 00:08

Statistics South Africa (Stats SA) on Tuesday revealed the Gross Domestic Product (GDP) figures fell by 0,7% in the second quarter of the year 2018… and, judging from the comments on Twitter, South Africans realised they can no longer blame former President Jacob Zuma. These latest figures have pushed the country into a recession – […]

South Africa in Recession for 1st Time Since 2009; Rand Slumps

By SAPeople 04-09-18 13:46

PRETORIA (Reuters) – South Africa entered recession in the second quarter for the first time since 2009, data showed on Tuesday, in a stinging blow to President Cyril Ramaphosa’s efforts to revive the economy after a decade of stagnation. Statistics South Africa said the economy contracted by 0.7 percent quarter-on-quarter, led by declines in the […]

Another South African Retail Brand Headed to Australia

By SAPeople 30-08-18 21:31

JOHANNESBURG (Reuters) – South African clothing and homeware retailer The Foschini Group (TFG) said on Thursday it was launching one of its African retail brands in Australia to test appetite outside its traditional market. The move announced by outgoing CEO Doug Murray and his successor, Anthony Thunström, aims to show whether TFG’s local brands can […]

South Africa’s Unions Agree Wage Deal with Eskom

By SAPeople 30-08-18 10:06

JOHANNESBURG (Reuters) – South Africa’s Solidarity, a union representing high-skilled workers, said on Thursday that it has agreed a three-year wage deal with state power utility Eskom, bringing an end to weeks of negotiations that led to load shedding (otherwise known as power outages). The much larger National Union of Mineworkers earlier said it had […]

Britain Supports Legal South African Land Reform Says Theresa May

By SAPeople Contributor 28-08-18 13:29

CAPE TOWN (Reuters) – Britain supports South Africa’s land reform programme provided it is carried out legally, Prime Minister Theresa May said in Cape Town on Tuesday, adding that she would discuss the issue with South African President Cyril Ramaphosa. “The UK has for some time now supported land reform. Land reform that is legal, […]

South Africa Scraps Nuclear Power Expansion Plans

By Reuters 27-08-18 16:29

PRETORIA – South Africa has cancelled plans to add 9,600 megawatts (MW) of nuclear power by 2030 and will instead aim to add more capacity in natural gas, wind and other energy sources, the energy minister announced on Monday. Africa’s only nuclear power has an installed capacity of 1,860 MW but plans under the government […]

South Africa Scolds US Diplomacy ‘Failure’ After Trump’s Land Issue Tweet

By Reuters 24-08-18 10:21

JOHANNESBURG – South Africa has told the U.S. charge d’affaires of its disappointment over Washington’s “failure” to use diplomatic channels after President Donald Trump angered Pretoria with comments on its land policy. Trump said in a late-night tweet two days ago that he had asked Secretary of State Mike Pompeo to study South African “land […]

SA Meeting US Embassy Following Trump’s Tweet about Land Reform

By Jenni Baxter 23-08-18 17:08

South Africa’s Department of International Relations and Cooperation (DIRCO) will today meet with the US Embassy to address the tweet from United States President Donald Trump on land expropriation and crime in South Africa… which the American leader referred to as “farm seizures” and “large scale killing of farmers”. While some people welcomed Trump’s tweet, […]

South Africa’s Consumer Inflation Rises to Highest in 10 Months in July

By SAPeople 22-08-18 11:39

JOHANNESBURG (Reuters) – South Africa’s headline consumer inflation rose to its highest in ten months in July as the cost of transport and household goods increased, but some analysts said the central bank was unlikely to raise interest rates. The Reserve Bank held its benchmark rate for a fifth meeting in a row in July, […]

Passion for Coffee Helps Turn Former SA Gangster’s Life Around

By SAPeople 22-08-18 11:28

Simonstown is one of Cape Town’s oldest spots, retaining all its historical authenticity… writes Sebastian Daniels. As you walk down Simonstown Main Road in the morning, the streets are filled with navy officers running and riding their day into gear. While that sounds like a great way to start the day, I’d rather get a […]

Reports Claim 1st “Farm Seizures” in South Africa Allegedly Approved

By SAPeople 20-08-18 23:06

According to reports in City Press newspaper, which have been broadcast around the world, the first farm seizures in South Africa may have already begun. The UK’s tabloid Express newspaper ran with an inflammatory headline today saying “South Africa farm seizures BEGIN: Chaos as first expropriation of white-owned farms starts”, while Australia’s News.com.au went with […]

Elon Musk Reveals Emotional Price of “Excruciating” Year in Business

By Reuters 17-12-20 18:48

South African expat and billionaire entrepreneur Elon Musk, who lives in the US, has revealed in a highly emotional interview with the New York Times the high price that he’s paid for his business success. In an interview where he reportedly “alternated between laughter and tears”, Musk described the intensity of running his businesses, and […]

South African Mining Union Threatens Year-Long Strike, Afraid of No One

By Reuters 17-08-18 10:11

JOHANNESBURG (Reuters) – Members of South Africa’s AMCU mining union are ready to strike for a year if necessary and would bring the platinum belt to a standstill if Impala Platinum carries out plans to cut up to 13,400 jobs, the union’s president said on Thursday. Joseph Mathunjwa, who led a five-month strike in 2014, […]

1 105 106 107 108 109 127