Category: BUSINESS
Economic spin off from Africa Travel Indaba estimated at R500 mln – SABC News
KwaZulu-Natal Tourism and Film CEO Sbusiso Gumbi says he is satisfied and proud that this year’s Africa’s Travel Indaba was successful. Gumbi was updating members of the media on the
Read More200 Barberton mine workers dispute retrenchments – SABC News
More than 200 mine workers who have been retrenched by the Barberton Mines in Mpumalanga say the retrenchment process was unfair. They claim most of the retrenched employees are locals
Read MoreEskom spends R115 million on diesel on first night of load shedding – SABC News
The latest data from Eskom shows that the power utility spent an estimated R115 million on diesel fuel for OCGTs, the majority of which was spent meeting electricity demand during
Read MoreSouth Africans turning to personal loans amid rising living costs – SABC News
DebtBusters’ latest debt index for the first quarter of 2025 shows a growing number of South Africans are relying on personal loans to manage their expenses as the cost of
Read MoreAfrica Youth Tourism Innovation Summit heads to Joburg – SABC News
South Africa is set to take centre stage in continental tourism dialogue as Johannesburg prepares to host the 7th Africa Youth in Tourism Innovation Summit and Challenge during the country’s
Read MoreMany South Africans relying on personal and payday loans to survive – SABC News
DebtBusters’ Q1 2025 debt index says more and more South Africans are relying on personal and payday loans to survive the rising cost of living. And that a third of
Read MoreSABC needs billions to fund public mandate: CEO – SABC News
The South African Broadcasting Corporation (SABC) says it needs about R7.5 billion to fund costs related to its unfunded public mandate. The organisation was updating Standing Committee on Public Accounts
Read MoreKZN govt to challenge any attempt by SARB to take over Ithala Bank – SABC News
KwaZulu-Natal (KZN) Premier Thamsanqa Ntuli says the provincial government will continue to legally challenge any attempts by the Reserve Bank’s prudential authority to take over operations of Ithala Bank. Ntuli
Read MoreCEF hands over assets, R5 bln to new petroleum company – SABC News
The Central Energy Fund (CEF) has handed over leased assets and R5 billion in funding to operationalize the newly established South African National Petroleum Company (SANPC). Three of the CEF
Read MoreWestern Cape’s unemployment rate remains lowest in country – SABC News
The Western Cape remains the province with the lowest official unemployment rate at 19.6-percent in the first quarter of 2025. Western Cape Premier Alan Winde says the province has maintained
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