Business

African National Congress (ANC) Stalwart and former party Treasurer-General Mathew Phosa in a scathing rebuke of President Cyril Ramaphosa’s conduct in his autobiography; Witness to power: A Political Memoir, Phosa challenged the President to come clean and reveal where he was looking when his ally and then minister of police, Senzo Mchunu, felt threatened by […]

Team South Africa’s program had moved forward with a business engagement held on 6th of September which was central to explicitly linking local industry policy with the integration of Africa’s continental market integration. This took place at the International Automotive Trade Fare (IATF). This session, titled “South Africa fostering local automotive production and accelerating investment

South Africa and the world have to brace itself for a devaluation of the United States (US) dollar. America’s gross national debt has come to surpass its $ 38 trillion limit for the first time, US Treasury Department data shows. The mounting American debt has increased beyond the apex as the government remains closed. This

President Matamela Cyril Ramaphosa has departed Kuala Lumpur, Malaysia for home. The President concludes a four-day official visit to the south east Asian country that emphasised the long-standing friendship and shared values between South Africa and Malaysia. President Ramaphosa had attended the 47th ASEAN Summit and related Summits as a Guest of the Chair, Malaysian

Transport Minister Barbara Creecy is facing criticism over her decision to renew 35-year terminal operator agreements with international oil companies like BP at the Durban port’s Transnet Island View Precinct (IVP). The minister is staying put to her guns. The Portfolio Committee on Trade, Industry, and Cooperation, and the Portfolio for Transport have urged Creecy’s

BRICS Plus Foreign Ministers had met to call in a joint statement for inclusive, globally representative governance of Artificial Intelligence (AI) under the United Nations, emphasizing meaningful participation from developing nations. The Foreign Affairs/International Relations Ministers held their annual meeting on the margins of the 80th Session of the United Nations General Assembly on Friday.

Durban as a major South African metropolis has witnessed a rise in jobs, this was according to the latest employment data. However, in terms of formal businesses operating in the city there has been a significant decrease. Hundreds of micro and medium-sized businesses, with employees, have either closed down or moved away from the city.

East London, one of the country’s oldest industrial hubs is facing a great risk of turning into a ghost town if Mercedes-Benz South Africa (MBSA) decides to scale back or shut down its local operations. Mikel Mabasa, CEO of the automotive business council Naamsa who admitted the city could turn in to a ghost town

Inflation has gone downwards since August. South Africa has experienced a decline in rising prices that has seen surprise expressed from market and economic predictions of a slight rise. Annual consumer price inflation dropped from 3.5% in July 2025 to 3.3% in August 2025. Lower inflation in terms of food and fuel was able to

KwaZulu-Natal (KZN) is positioning tourism at the heart of its economic sustainability strategy, with leaders stressing that the sector is more than leisure—it is a driver of jobs, investment, and inclusive growth. Launching Tourism Month celebrations in KwaDlangezwa on Thursday, MEC for Economic Development, Tourism and Environmental Affairs Reverend Musa Zondi said tourism was “one