insert_link Business / Economics FNB South Africa warns that today’s fuel price hike is a blow to holidaymakers FNB South Africa warns that today’s fuel price hike, with 95-octane and 93-octane petrol increasing by 17-cents per litre and diesel by over 50-cents, is a blow to holidaymakers. The bank attributes the rise to a weaker rand, driven by global factors like the United States elections and higher international diesel prices. FNB senior economist Koketso Mano advises citizens to revise their fuel budgets: todayDecember 4, 2024 14
insert_link South Africa Ramaphosa Highlights G20 Presidency as Platform for Africa and Global South S.A's President Cyril Ramaphosa says South Africa’s G20 presidency is a chance to advance global economic growth, sustainable development, and the needs of Africa and the Global South. The G20 leaders' summit will be hosted in Johannesburg in November next year, further solidifying South Africa's leadership role. Ramaphosa says the presidency aims to bring African priorities to the forefront while strengthening global partnerships for a better future: todayDecember 4, 2024 9
insert_link Africa BRICS nations would suffer under a 100 percent tariff from Trump The economies of BRICS nations would be damaged should US president-elect Donald Trump impose a 100-percent tariff on the countries. This is according to Future Forex CEO, Harry Scherzer. Trump has threatened to impose the tariff if BRICS countries were to create a rival currency to the US dollar. Scherzer says the possibility that Trump sticks to his guns and does impose tariffs, would hamstring South Africa in […] todayDecember 3, 2024 17
insert_link South Africa SA expects over 6 million border crossings this festive season South Africa’s Border Management Authority expects over six million border crossings this festive season. Commissioner Michael Masiapato said they plan to combat cross-border crime and illegal immigration while warning about potential gender-based violence at borders. Masiapato says Home Affairs has also extended operating hours at select ports to ease congestion. todayDecember 2, 2024 10
insert_link Business / Economics SA’s Ramaphosa responds to Donald Trump’s threats South Africa’s President, Cyril Ramaphosa says the country will facilitate diplomatic talks with US president-elect Donald Trump, rather than engage in social media clashes over bilateral matters. This comes after Trump threatened to impose 100 percent tariffs on BRICS countries if they were to create a currency rival to the US dollar. Ramaphosa says the G20 presidency will see South Africa work closely with the US. todayDecember 2, 2024 14
insert_link South Africa SA Hawks confirm fatal Emalahleni shootout Five alleged ATM bombers were fatally shot by police in Emalahleni, Mpumalanga, earlier today, with one other suspect sustaining injuries. Police spokesperson Katlego Mogale reported that a multi-disciplinary team was strategically stationed in Schoongezicht to monitor a white Toyota Hilux. When the targeted vehicle was seen leaving the area and officers attempted to intercept it, the suspects opened fire, resulting in a shootout. todayDecember 2, 2024 28
insert_link Business / Economics In S.A, Financial Stability Review Highlights Growing Strain on Households S.A's Reserve Bank's latest Financial Stability Review reveals growing financial stress among households and small-to-medium enterprises. High interest rates, ageing global conflicts, infrastructure failures, and South Africa's graylist status contribute to the strain. Reserve Bank’s head of financial stability department Nicola Brink, says non-performing loans surged from 257-billion-rand in March 2023 to 304-billion-rand in July 2024: todayDecember 2, 2024 15
insert_link South Africa In S.A, MK Party Celebrates First Anniversary To S.A now, where the MK Party, founded by former president Jacob Zuma, marked its first anniversary in Ekurhuleni. During the 2024 general elections, the party campaigned as the official opposition. Secretary-general Floyd Shivambu expressed confidence in securing a two-thirds majority in the 2026 local government elections and emphasized the party’s commitment to uniting progressive forces. todayDecember 2, 2024 4
insert_link South Africa In S.A, Gauteng Health MEC to Lead Engagement on Food Safety In South Africa, Gauteng Health MEC Nomantu Nkomo-Ralehoko will lead a multi-stakeholder engagement in Soweto this afternoon, focused on compliance and enforcement of food safety measures. The country is currently battling a foodborne illness outbreak. Over 20 children have died in Gauteng due to suspected food poisoning linked to spaza shops. The department’s spokesperson, Motalatale Modiba, says the MEC will also conduct inspections at local spaza shops and supermarkets to […] todayNovember 26, 2024 17