Cele Pushes for Better International Cooperation to Fight Drugs

By SAPeople Contributor 21-09-19 10:08

Police Minister Bheki Cele has called for heightened cooperation from international law enforcement agencies when it comes to sharing resources and information in the war against drugs. The Minister made the impassioned plea during his address at the Interpol 2nd Global Drugs and Illicit Substances Conference in Cape Town on Tuesday. Over 400 delegates from […]

Zambia May Import 300 MW of Power from South Africa’s Eskom

By Reuters 17-09-19 18:00

LUSAKA – Zambia is in talks with South African power utility Eskom to import 300 megawatts (MW) of electricity, the country’s Energy Minister Mathew Nkhuwa said on Tuesday. While South Africa itself has been struggling to generate enough power, with threats of further load shedding (power cuts) – Zambia is desperate with a power deficit […]

TRAVEL: Explore South Africa’s Hidden Local Gems + Chance to WIN!

By SAPeople Contributor 14-09-19 11:40

Travel trends across the world are seeing travellers shying away from the overcrowded sights, rather looking for unique experiences in their destinations. But avoiding the crush of tourists doesn’t mean you should skip visiting some of South Africa’s most well-loved cities. And to celebrate Heritage Day this month – you could even stand a chance […]

Deck hands working on yachts in Portofino, Italy

Top Tips for South African Seafarers Working on Super Yachts

By SAPeople Contributor 13-09-19 17:22

If you’ve ever dreamt of becoming a seafarer and travelling the world aboard a super yacht, or if you already have that dream position, here are some top tips from South African experts on how to get and keep your job, your sanity… and your newfound wealth! Lauren Norton, Director of Trilogy Luxury Training, spent […]

South Africa Likely to Miss 1.5% Growth Target, says Finance Minister

By Reuters 13-09-19 14:23

JOHANNESBURG – South Africa’s economic growth is unlikely to reach the treasury’s target of 1.5% in 2019 because conditions have changed and the country is facing increasing headwinds, Finance Minister Tito Mboweni said on Friday. This week ratings agency Moody’s, the last of the top three credit firms to rate South Africa’s debt at investment […]

Nissan SA retrenchments

South Africa’s August Business Confidence Lowest in 34 Years

By Reuters 11-09-19 14:16

JOHANNESBURG – South African business confidence fell to its lowest level in 34 years in August, as a sharp drop in export volumes and a weaker currency aggravated already tough economic conditions, a survey showed on Wednesday. The South African Chamber of Commerce and Industry’s monthly business confidence index (BCI) fell to 89.1 in August […]

Cradock Community Cleans Up, Making Town A Better Place For Everyone

By Jenni Baxter 10-09-19 17:47

With several violent and tragic incidents occurring around South Africa recently, it’s a welcome relief to see there’s one corner of the country where the people are uniting to make things better… voluntarily. Where the locals are creating more than just a better, prettier town. They’re building pride and hope. Karoospace.co.za writer and local Karoo […]

Carmen Le Grange is New Finance Chief at Denel, South Africa’s State Defence Firm

By Reuters 09-09-19 14:22

JOHANNESBURG – South Africa’s Denel named a new chief financial officer (CFO) on Monday – Carmen Le Grange – as the struggling state-owned defence firm seeks to improve corporate governance and return to profitability. A cornerstone of the country’s once-mighty defence industry, Denel recorded a 1.76 billion rand ($119 million) loss – its first in […]

Business Leaders Urge South Africa’s Ramaphosa to Reform Faster

By Reuters 04-09-19 11:50

CAPE TOWN – South African business leaders on Wednesday urged President Cyril Ramaphosa to push through reforms faster to lift the economy and curb investment outflows, as executives and policymakers gathered for a continental economic summit. Frustration is building in South Africa. Ramaphosa has promised sweeping reforms, but growth remains below 1% a year and […]

Cape Town Restaurant Serves Insect-Only Dishes as South Africans Get the Bug

By Reuters 03-09-19 16:39

South African chef Mario Barnard said he was “grossed out” and did not entirely enjoy eating grilled scorpions and crunchy insects mixed with garlic and spices on a trip to Thailand four years ago. But the experience inspired Barnard to start experimenting with insect-based meals and in July he opened a pop-up restaurant in Cape […]

South Africa Avoids Recession with Surprise Second Quarter Economic Growth

By Reuters 03-09-19 13:06

PRETORIA – South African GDP grew more than expected in the second quarter thanks to a recovery in mining and manufacturing, official data showed on Tuesday, in a boost to President Cyril Ramaphosa’s efforts to revive a troubled economy. Growth in the three months to June was 3.1%, after a revised contraction of 3.1% in […]

petrol

South African Fuel Prices Rise in September After Rand Slide

By Reuters 03-09-19 09:03

The retail price of petrol in South Africa will rise by 0.7% from Sept. 4, while the price of wholesale diesel will increase by 1.8 percent, the energy department said on Monday. The price of petrol will rise by 11 cents to 16.03 rand ($1.05) per litre in the commercial hub of Gauteng province, while diesel will also […]

South Africa’s Rand Finally Firmer, Trade Hopes Lift Stocks to 3-Week High

By Reuters 31-08-19 12:02

JOHANNESBURG – South Africa’s rand firmed against the U.S. dollar in late trade on Friday, as hopes for a rapprochement on trade between Beijing and Washington calmed investors’ nerves. The currency had suffered through much of August, sliding nearly 6% on fears of a downgrade to junk by Moody’s, and concerns about the trade dispute […]

South African Arms Firm Denel Gets R1.8-Billion Bailout

By Reuters 30-08-19 16:40

JOHANNESBURG – South African state arms firm Denel said on Friday it had received a R1.8 billion ($118.13 million) bailout and that government would consider its request for a further R1-billion cash injection in budget planning for 2020/21. Denel, which has been struggling to emerge from a financial crisis, added in a statement it would […]

eskom makes profit 2019

Eskom May Need More Bailouts by End-March, says South African Treasury

By Reuters 28-08-19 12:41

CAPE TOWN – The South African government may be forced to inject more money into state power firm Eskom by the end of March next year, should the struggling utility fail to meet its borrowing plan, a National Treasury presentation to parliament said on Wednesday. Treasury has already earmarked 59 billion rand ($3.9 billion) to […]

President Ramaphosa Wooing Japanese Businesses

By SAPeople 28-08-19 16:30

President Cyril Ramaphosa will today participate in a Japan-South Africa Business Forum at the Nissan Global Headquarters in Yokohama, Japan. This engagement by the President forms part of his working visit to Japan, where he arrived on Tuesday to participate in the 7th Tokyo International Conference on African Development. President Ramaphosa will use the business […]

South Africa Risks Tax Revolt Over Government Corruption

By Reuters 26-08-19 12:30

JOHANNESBURG – South Africans could start withholding their tax payments due to years of corruption which might force the country to seek an international bailout, the chief of the revenue service said on Monday. South Africa has seen revenue collection fall sharply since 2015 due to weak economic growth and maladministration, leading President Cyril Ramaphosa […]

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