Category: BUSINESS
Nedbank slashes its 2025 GDP forecast from 1.5% to 1% – SABC News
Nedbank has revised its growth outlook for 2025 to 1%, down from its earlier, more optimistic outlook of a 1.5% increase in GDP. This came out of a discussion with
Read MoreAward-winning KZN beekeeper makes her mark in male-dominated business – SABC News
Kristie Paine, an award-winning beekeeper and entrepreneur from the KwaZulu-Natal Midlands, has made her mark in a male-dominated industry while raising awareness on how to help bees work for the
Read MoreGodongwana places troubled Ditsobotla Bank under resolution – SABC News
Finance Minister Enoch Godongwana has placed the Ditsobotla Primary Savings and Credit Cooperative Bank Limited (DCB) in resolution, effective August 1. This follows the Reserve Bank’s recommended intervention to protect
Read MoreRamokgopa inspects Limpopo power stations amid loadshedding concerns – SABC News
Electricity Minister Dr Kgosientsho Ramokgopa says technical challenges at the Matimba power station in Lephalale, Limpopo, were responsible for the last two bouts of load shedding. Ramokgopa is currently visiting
Read MoreUS tariff decision puts thousands of Lesotho textile jobs at risk – SABC News
The future of Lesotho’s textile industry remains uncertain after the United States reduced the country’s reciprocal tariff rate to 15%. Last week, President Donald Trump reduced the tariffs from the
Read MorePetrol price to go down, diesel grades to increase – SABC News
The Department of Mineral and Petroleum Resources has announced that both grades of petrol, 93 and 95, will decrease by 28 cents per litre at midnight. However, the price of
Read MoreSA needs to develop its own shipping lines: MBC – SABC News
The Maritime Business Chamber (MBC) says Maersk‘s withdrawal of direct shipping services between South Africa and the United States will have a significant impact on time-sensitive sectors such as fresh
Read MoreTwenty eight more illegal miners resurface at Sheba Gold Mine – SABC News
Twenty-eight more suspected illegal miners have resurfaced at the Sheba Gold Mine in Barberton, Mpumalanga. The latest number brings to 546 people arrested at the mine since last week. On
Read MoreSteenhuisen confident govt will strike favourable tariff deal with US – SABC News
Democratic Alliance (DA) leader John Steenhuisen says he is confident that the South African government will intensify its talks with its American counterparts to get them to reconsider the looming
Read MoreTesla approves share award worth $29 billion to CEO Elon Musk – SABC News
Tesla has granted CEO Elon Musk shares worth about $29 billion, in a new pay deal aimed at keeping the billionaire entrepreneur at the helm during a crucial pivot from its
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