R/€ = 17.26 Change: -0.02
R/$ = 14.41 Change: -0.02
Au 1738.71 $/oz Change: -6.48
Pt 1175.64 $/oz Change: -0.86


News24’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country. Powered by the country’s leading journalists, and headed by the News24 editorial team.

IMF revises SA growth outlook upward to 3.1%, projects stronger global recovery of 6%

6th April 2021 The International Monetary Fund expects a stronger global recovery and has revised the growth outlook from 5.5% to 6% in 2021. The IMF on Tuesday released its World Economic Outlook report as part of the IMF-World Bank spring meetings this year. The multilateral institution upwardly revised the... 

Energy analysts question why ‘emergency’ powerships will stay until 2042

6th April 2021 A project to quickly ease South Africa's electricity supply constraints by using floating powerships has come under fire by energy analysts, who have questioned why agreements will lock SA into using the ships until 2042.   Earlier this month Minister of Energy Gwede Mantashe announced the names... 

Slight improvements in SOE audits are no reason to celebrate, new AG Tsakani Maluleke warns

31st March 2021 Auditor General Tsakani Maluleke said while there were marginal improvements in the audit outcomes of national and provincial government departments as well as their entities, the improvement were not nearly enough to reverse the negative financial trend many auditees have been tracking for... 

Govt finances still a mess, greater accountability needed, says Auditor-General

31st March 2021 Widespread weaknesses in basic internal controls are still prevalent at several government departments and agencies, Auditor-General (AG) Tsakani Maluleke says. On Tuesday, Maluleke painted a grim picture of the country's finances when she released the general report on national and provincial... 

No outright booze ban, but liquor industry still not happy

31st March 2021 The announcement of restrictions on alcohol sales over the Easter weekend has ended speculation about an outright ban, but the industry is concerned about the effect on retailers. On Tuesday evening, President Cyril Ramaphosa announced that alcohol trading would be restricted to onsite... 

Ramaphosa announces changes to alcohol sales, gatherings ahead of Easter

30th March 2021 President Cyril Ramaphosa has announced alcohol restrictions and changes to limits for gatherings ahead of the Easter Weekend. The country, however, remains in Level 1 lockdown. These are: 

SA Air Force fleet soon to be obsolete, border fences inadequate, parliamentary committees finds

29th March 2021 The SA Air Force's fleet will soon become obsolete, fences at some of the main border posts are wholly inadequate, and battlefield surveillance capabilities are minimal. There is also a lack of sufficient and adequate air support in the South African National Defence Force (SANDF) to respond to... 

Massive ships now heading towards South Africa as Suez Canal remains blocked

26th March 2021 Some of the world’s biggest container ships have changed course in recent hours, and are now heading towards the coast of South Africa as the Suez Canal remains blocked. Among them is the "mega ship" Ever Greet, which is operated by the same Taiwan-based company (Evergreen) as the Ever Given,... 

To keep Koeberg going, Eskom must convince regulators it has enough money

26th March 2021 If it wants the legal right to keep the Koeberg nuclear power station running, Eskom will have to convince nuclear regulators – and, perhaps, the courts – that it has the money to do so. Under rules published by minerals and energy minister Gwede Mantashe Friday, anyone who wants to keep an old... 

Reserve Bank keeps rates on hold at 3.5%

25th March 2021 The Reserve Bank has kept the repo rate on hold at 3.5%, in line with economists' expectations. Governor Lesetja Kganyago made the announcement on Thursday. The decision was unanimous as all five Monetary Policy Committee members voted to hold. Members see inflation remaining relatively contained... 

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