insert_link 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 […] today11 December, 2024
insert_link 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, […] today6 December, 2024
insert_link 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: today4 December, 2024
insert_link 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: today25 November, 2024
insert_link 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: today6 November, 2024
insert_link 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: today4 November, 2024
insert_link 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, […] today24 October, 2024
insert_link 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: today24 October, 2024
insert_link Business / Economics Relief for motorists as the Ministry of Mines and Energy announces fuel reduction The Ministry of Mines and Energy has announced that petrol prices will decrease by 80 cents per litre, diesel with 50ppm will decrease by 60 cents per litre and diesel 10ppm will decrease by 70 cents per litre. The changes come into effect on Wednesday 3 July 2024. Cirrus Capital economist Robert McGregor says despite the decreases we face for July, the fuel prices for both diesel and petrol are […] today1 July, 2024
