JOHANNESBURG (Reuters) – A closely watched survey of South African manufacturers showed a further decline in business activity in June, pointing to lingering weakness in Africa’s most industrialised economy. South Africa’s new President Cyril Ramaphosa is trying to reverse a decade of economic stagnation under his predecessor, Jacob Zuma. But recent economic data, including first […]

The South African Department of Energy is expected to announce a fuel price adjustment later on Friday. Automobile Association (AA) has on Thursday released the petrol price outlook for July. The AA said the petrol prices are anticipated to increase by 26 cents a litre in July‚ meanwhile diesel will increase by 24 cents and […]

JOHANNESBURG (Reuters) – South Africa’s rand steadied early on Thursday after slipping to a seven-month low the previous day amid broad-based dollar gains. At 0625 GMT, the rand traded at 13.8625 per dollar, not far off its New York close of 13.8550 on Wednesday. The rand slipped to 13.9375 on Wednesday, its weakest since Nov. […]

JOHANNESBURG (Reuters) – A U.S. law firm has filed a class action lawsuit against South African miner Sibanye-Stillwater on behalf of shareholders to recover losses suffered after a spate of deaths at its mines triggered a sharp fall in its share price. Bernstein Liebhard LLP said in a statement the suit would deal with “misleading […]

JOHANNESBURG (Reuters) – South Africa’s state power utility Eskom has raised its wage increase offer for this year to 6.2 percent from 4.7 percent previously, the National Union of Metalworkers of South Africa (NUMSA) said on Thursday. NUMSA said in a statement that three unions negotiating with Eskom were demanding a 9 percent increase in […]

Wikipedia mania is about to hit South Africa… in the form of the first Wikimania conference to be held in sub-Saharan Africa – in Cape Town from 18-22 July. And the key focus will be to increase regional contribution to the world’s largest free, collaboratively-built online encyclopedia. According to Wikimedia SA President, Douglas Scott, there […]

JOHANNESBURG (Reuters) – South African tycoon Christo Wiese sold part of his stake in grocer Shoprite on Wednesday, raising R3.6-billion ($264 million) and shoring up his finances, which were dented by his exposure to scandal-hit Steinhoff. Nearly $15 billion has been wiped off Steinhoff shares over the last six months after the owner of Mattress […]

JOHANNESBURG (Reuters) – Glencore said on Tuesday that eight people were injured at its South African smelting operations in the North West province during a protest. Glencore said a security company at its Wonderkop Smelter fired rubber bullets to disperse the protestors, who were demanding employment, resulting in eight people sustaining minor injuries. (Reporting by […]

Sibanye-Stillwater mine has confirmed on Tuesday yet another death of a miner, at its Khomanani mine,  Driefontein operation in the west of Johannesburg, South Africa. The company says that according to preliminary investigations one of the miners entered a scraper path and was caught by the scraper. “This is another sad incident and all efforts […]

Need access to funds left behind in South Africa now that you’re living abroad? Here’s how to smooth out the process of financial emigration. Saving normally requires you to leave your money untouched, right? While this is usually the case when saving for retirement, the exception to this rule comes into play for South Africans […]

South Africa is playing a pivotal role in a new GPS app that can find anyone anywhere. The innovative geocoding tool, which has been developed in the UK, is using a village in Limpopo, which has no conventional addresses, as part of its pilot scheme. The founders of the new app – what3words – have […]

The Board of the South African Institute of Chartered Accountants’ (SAICA) says it has noted the statement issued by Khaya Sithole, which makes mention of allegations against SAICA’s acting CEO and executive team.  The SAICA Board said it distances itself from all the allegations and wishes to reiterate its support for its whole leadership team. […]

JOHANNESBURG (Reuters) – South Africa‘s government is considering layoffs and early retirement packages for staff in the public sector to avoid breaking its pledge to cut spending after unions clinched above-inflation wage increases, the Treasury said on Friday. Under a deal reached in May, the government will raise salaries of public sector employees, including teachers, police, and […]

The South African National Union of Metalworkers (NUMSA) and other unions have met with Eskom on Thursday, but the wage increase dispute – which has resulted in load-shedding in SA – has not yet been resolved. The Eskom employees have reduced their wage increase demand to 9 percent. Eskom had initially offered the workers a […]

Health Minister Dr Aaron Motsoaledi claimed today that the Medical Schemes Amendment Bill and the National Health Insurance (NHI) Amendment Bill will introduce measures that will lift a financial burden from beneficiaries who are subjected to high healthcare costs. However the DA says no amount of spin will make NHI a success. After Dr Motsoaledi […]

PRETORIA (Reuters) – South Africa‘s current account deficit widened more than expected in the first quarter to register its largest shortfall in two years as the trade balance swung to a deficit after a steep decline in exports, the central bank said on Thursday. Investor sentiment in South Africa picked up after President Cyril Ramaphosa pledged to clean up poor […]

NELSPRUIT, South Africa (Reuters) – Whether you like to squash it onto your toast in the morning, millennial-style (or South African-style!), eat it to cut your cholesterol with healthy unsaturated oil, or moisturize your face with it – if you live in the West, you’re probably rarely far from an avocado. Ever since Britain’s ‘Domestic […]

While South Africa’s Mother City, Cape Town, has seen an increase in dam levels, the city says it is too early to let up on water savings. As of Monday, Cape Town’s collective water usage over the past week was 520 million litres of water per day. Dam levels have again increased solidly by 6.3% […]

It’s time to bust the myths that surround your retirement savings, as a South African expat. Let’s look at what you can do if you’d like to cash in your RA abroad. When it comes to exchange control and tax law, things can get confusing quickly. Especially when these laws change. That’s why we thought […]

JOHANNESBURG (Reuters) – South African insurer Liberty Holdings said on Sunday it had become the victim of a cyber attack after an external party claimed to have seized data from the firm and demanded payment. (Updated Monday 18 June 2018, 09h30.) Liberty, in which Standard Bank has a 53 percent stake, was alerted of the […]

South African Mineral Resources Minister, Gwede Mantashe says a report on safety issues at Sibanye-Stillwater Gold mines is being put together. Mantashe was briefing the media in Pretoria on Sunday, about the Drafting of the Mining Charter. The charter is set to be released this week on Friday. The minister also touched on Sibanye-Stillwater mine […]

Now that Cyril Ramaphosa has served as South Africa’s president for more than three months, many pundits and ordinary citizens are assessing his performance. Some have argued that he’s doing a great job others are less impressed. Whatever one’s view, perhaps the most important element to take into consideration when assessing Ramaphosa’s work so far […]

The South African Government is taking the latest dangerous trend for cash-in-transit (CIT) heists seriously, with a meeting today in Parliament to examine the measures in place aimed at dealing with this violent crime which has seen an upsurge in recent month. Yesterday, security van crews across the nation held a protest, demanding more support […]

The South African Mineral Minister, Gwede Mantashe says the deaths of four mine workers at Sibanye Stillwater’s Kloof Ikamva shaft shows signs of reckless act. Gwede visited the mine on Tuesday. He said that Sibanye-Stillwater mine should be held accountable for the death of four mineworkers on Monday. The miners succumbed to heat and gas […]

Need access to funds left behind in South Africa now that you’re living abroad? Here’s how to smooth out the process of financial emigration. Saving normally requires you to leave your money untouched, right? While this is usually the case when saving for retirement, the exception to this rule comes into play for South Africans […]