Category: BUSINESS
BETI records increase in economic transactions – SABC News
BankservAfrica’s Economic Transactions Index (BETI) has recorded an increase in economic transactions in March. This comes despite tough economic conditions including an intensifying global trade war. The BETI measures the
Read MoreEmerging markets to struggle following market turmoil: Expert – SABC News
Markets have been in turmoil as US President Donald Trump’s global tariffs officially came into effect today. Analysts note that emerging markets typically struggle during times of uncertainty and this
Read MoreCommunity, spaza shop owners gather in Soweto to get info on funding – SABC News
Community members including spaza shop owners have gathered in large numbers at Eyethu Shopping Centre in Soweto ahead of the official launch of the Spaza Shop Support Fund. Many say
Read MoreDollar falls as prospect of tariff talks calms global markets – SABC News
The US dollar fell on Tuesday while the euro rallied as stocks rebounded in Asia and Europe on hopes that U.S. President Donald Trump will enter negotiations over his sweeping
Read MoreSABS on the verge of collapse, warns Parliament Committee – SABC News
Parliament’s Portfolio Committee on Trade, Industry and Competition says the South African Bureau of Standards (SABS) is on the verge of collapse. Among the problems it highlighted was the agency’s
Read MoreDollar frail as traders look for safe havens on tariff turmoil – SABC News
The safe havens yen and Swiss franc held near six-month highs on Tuesday while the US dollar nursed broad losses as financial markets grappled with mounting recession worries in the
Read MoreRand weakens further amid ongoing financial market selloff – SABC News
The rand has continued to weaken further against major currencies amid an ongoing selloff in the financial markets triggered by the US tariffs. The currency fell sharply against the US
Read MoreParly trade committee conducts oversight visit to SABS headquarters – SABC News
Parliament’s Portfolio Committee on Trade, Industry and Competition is visiting the South African Bureau of Standards (SABS) headquarters in Pretoria, as part of their oversight work. Minister Parks Tau has
Read MoreEskom ramps up diesel generators to keep up with high power demand – SABC News
Eskom says the national grid is strained by high demand and inclement weather set to continue until Wednesday. The latest data from Eskom shows the power utility ramped up its
Read MoreVAT hike not final, alternatives being explored: Ramaphosa – SABC News
African National Congress (ANC) President Cyril Ramaphosa says the Value-Added Tax (VAT) increase decision is not final, as the National Treasury has about 30 days to find possible alternative options
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