DA leader Steenhuisen Says Reconciliation Is Not About Forgetting the Past

DA leader Steenhuisen Says Reconciliation Is Not About Forgetting the Past

DA leader John Steenhuisen says reconciliation is not about forgetting the past or pretending it did not happen, but acknowledging it while celebrating the country's progress. Yesterday marked Reconciliation Day under the theme, Healing Historical Wounds and Forging New Futures. Steenhuisen says the formation of the government of national unity brings hope that inclusive economic growth and jobs can be achieved: Meanwhile....RISE Mzansi says the work of real nation-building […]

December 17, 2024 11

South Africa

FNB S.A Economist Predicts Moderate Growth for Mining Sector

FNB South Africa economist Thanda Sithole says growth in the mining sector in the near term is expected to remain moderate, due to a subdued external demand environment. Mining production rose 1.4-percent year on year in October, after an upwardly revised 4.9-percent jump in September, marking the third consecutive month of growth in mining activity. Sithole says the modest increase in mining production was broad-based, with growth recorded in seven […]

December 11, 2024 19

South Africa

S.A Deputy President Urges Citizens to Own Spaza Shops

South Africa's Deputy president Paul Mashatile says while the government wants to see South Africans owning most spaza shops, he cautioned against the registration of these businesses for illegal immigrants. Government has directed that all spaza shops and food handling facilities be registered by next Sunday. This comes amid a foodborne outbreak that has killed over 20 children in the country. Answering questions in the National Council of Provinces yesterday, […]

December 6, 2024 14

South Africa

Cosatu Expresses Concern Over South Africa’s 0.3% GDP Contraction

S.A Union Cosatu says it is disheartening that the country’s gross domestic product has contracted by 0.3-percent in the third quarter compared to the second quarter. Statistics South Africa said the leading contributors to the decline were agriculture, transport, and communications. Cosatu’s, Zanele Sabela, says for a brief period, it appeared as if things were improving when expanded unemployment fell by 0.7-percent, and inflation dropped to 2.8-percent:

December 4, 2024 9

South Africa

ATM Calls for Crackdown on Illegally Run Spaza Shops In S.A

In S.A, the African Transformation Movement has called for the immediate closure of illegally run spaza shops amid rising food-borne illnesses. ATM national spokesperson Zama Ntoshana says the registration of spaza shops is a step towards revitalising township economies and emphasised the party's opposition to foreign national ownership of these shops, demanding strict enforcement and prosecution for violations:

November 25, 2024 15

South Africa

OUTA Opposes Eskom’s Proposed 66% Electricity Price Hike

The Organisation Undoing Tax Abuse opposes Eskom's proposed 66-percent electricity price hike over three years, calling it unaffordable and harmful to the economy. They urge the power utility to focus on cutting costs and improving efficiency and focus on clean energy. OUTA’s Estienne Ruthnam urges the National Energy Regulator of South Africa to reject the increases to prevent further economic hardship for consumers and businesses alike:

November 6, 2024 27

South Africa

S.A’s agriculture organisation sees red flags for the future economy

S.A's agriculture organisation TLU SA says it continue to see red flags for the future of South Africa’s economy. the organisation's Bennie van Zyl says instead of focusing on educating and empowering people on how to create wealth and play a responsible role in the economy, the government is engaging in emotional, ideological practices that put South Africa’s economic future at risk:

November 4, 2024 18

South Africa

EFF has welcomed the consumer price inflation figures released by Statistics South Africa

In S.A, the EFF has welcomed the consumer price inflation figures released by Statistics South Africa, indicating a further decline from 4.4-percent in August to 3.8-percent in September. This marks the lowest inflation rate since March 2021. The EFF’s, Leigh-Ann Mathys, says this confirms the inflationary pressures faced by the country are not demand-driven, but a result of economic and global challenges that require a different monetary policy approach: Meanwhile, […]

October 24, 2024 27

Business / Economics

S.A Union Welcomes Inflation Drop, Urging Reserve Bank to Lower Repo Rate

S.A Union federation Cosatu has welcomed the drop in consumer inflation from 4.4-to 3.8-percent, saying it offers relief to struggling workers. Spokesperson Matthew Parks is urging the South African Reserve Bank to reduce the repo rate by at least 50 basis points to ease debt burdens. He also calls for government intervention to stabilise Eskom and reduce fuel prices:

October 24, 2024 32