Category: BUSINESS
Transnet records R1.9 billion profit loss – SABC News
Transnet has reported a R1.9 billion in profit loss for the financial year ending March 2025. This is 74% lower than what it reported last year when it posted a loss
Read MoreNo need to enter politics to make a contribution: Motsepe – SABC News
Billionaire businessman and Confederation of African Football (CAF) President, Patrice Motsepe, has addressed ongoing speculation about his political ambitions. Speaking at the release of the financial results for his company,
Read MoreSA backs new G20 initiative to combat extreme wealth inequality – SABC News
Minister in the Presidency Khumbudzo Ntshavheni says Cabinet has welcomed the G20 experts task force that was established by President Cyril Ramaphosa to combat extreme wealth inequality. Ntshavheni briefs members
Read MoreKZN communities up in arms over unregulated fishing – SABC News
Communities in the north of KwaZulu-Natal are up in arms about unregulated fishing in marine protected areas off the South African coast. Residents of Kosi Bay, who live inside and
Read MoreBoosting rural food production is changing EC province’s economy: MEC – SABC News
Eastern Cape Agriculture MEC Nonceba Kontsiwe says increasing food production in rural areas is potentially changing the economic outlook of the province. Kontsiwe was addressing the Smallholder Farmers Agricultural show
Read MoreInflation levels causing major strain on households: Report – SABC News
A Competition Commission report has found that inflation on essentials is rising faster than wages, with low-income households being hit the hardest. The Cost of Living Report covers the period
Read MoreSteel production fell by 1.4%, further losses due to US tariffs: SIEFSA – SABC News
The Steel and Engineering Industries Federation of Southern Africa (SIEFSA) says production in this sector fell by 1.4% last year, reversing the small growth it had in 2023. It says
Read MoreNational Credit Act amendments will worsen youth unemployment: SAUS – SABC News
The South African Union of Students (SAUS) has expressed concern about the proposed amendments to the National Credit Act, saying the situation will worsen unemployment among the youth. The Trade,
Read MoreDBSA praised for strong financial performance – SABC News
Deputy Finance Minister David Masondo has lauded the Development Bank of Southern Africa (DBSA) for its strong financial performance for the 2024-25 financial year. DBSA’s FY-2025 results highlight more than
Read MoreSA businesses learn more about UK trade agreement – SABC News
South African businesses have gathered in Johannesburg to learn more about trading with the United Kingdom (UK) through a dedicated trade agreement. The SACUM-UK Economic Partnership Agreement is a free
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