Joint operation leads to more than 100 arrests of suspected illegal miners in Ekurhuleni

A joint operation between the SA Police Service, SA National Defence Force (SANDF) and the Department of Home Affairs led to the arrest of more than 100 suspected illegal miners (colloquially known... 

SA makes some progress on exiting greylist

South Africa has addressed most of the technical compliance deficiencies that led to it being greylisted by the Financial Action Task Force (FATF) in February 2023, though much work still needs to... 

Night loadshedding drops to Stage 5

Eskom announced a marginal drop in loadshedding on Thursday due to improved generation recovery and emergency reserves.  Stage 3 loadshedding kicked in at 10:00, and will continue until 16:00, when... 

'Absolutely no excuse': AG blasts major SOEs as just one gets clean audit

Only one of South Africa's 19 major State-owned enterprises received a clean audit in the past year, Auditor-General Tsakani Maluleke has said. Maluleke on Wednesday tabled the audit outcomes for... 

100 000 containers now stuck outside three SA ports - as new penalties and price hikes loom

In recent weeks, container ships have been bypassing the congested and delay-ridden Cape Town harbour to berth at the Port of Port Elizabeth in Gqeberha and the Ngqura (Coega) port, reports the... 

Stage 4 loadshedding all week, says Eskom

Due to the increasing demand combined with insufficient generating capacity and the need to manage the emergency reserves, Stage 4 loadshedding will be implemented from 14:00 today until 05:00 on... 

Reserve Bank slightly more positive about inflation, but Transnet crisis now serious threat

Even after annual consumer inflation shocked the market on the upside on Wednesday, rising to 5.9% in October – higher than any economist surveyed had forecast – the Monetary Policy Committee kept... 

Ramaphosa talks tough over Transnet incompetence as ports nightmare rages on

President Cyril Ramaphosa vowed that Transnet would shed itself of incompetence and address the major backlogs at the country's ports. If not, it could see the economy continue to bleed. On... 

New challenge to delay Karpowership's Richards Bay plant

Karpowership has been hit with a new challenge, as civil society groups have appealed the environmental approval it received for its proposed Richards Bay plant. The groups groundWork and the South... 

SAB has completed promised R5.8bn plant upgrades

South African Breweries (SAB) has confirmed that its R5.8 billion investment commitment has been utilised to increase capacity at two of its plants, the Department of Trade, Industry and... 

Reserve Bank's MPC keeps rates on hold

For its final decision of the year, the Monetary Policy Committee left South Africa’s key interest rate unchanged at 8.25% for a third consecutive meeting, in line with economists’ expectations.... 

Shock inflation increase makes for a tough interest rate decision this week

Annual consumer price inflation climbed to 5.9% in October from 5.4% in September, edging closer to the outside of the SA Reserve Bank’s targeted band of 3% to 6%, marking a third consecutive... 

Koko's Kusile case: State's corruption buster vows to keep punching despite court blow

The National Prosecuting Authority's Investigating Directorate has suffered a blow in its fight against state capture, but it has vowed to keep punching. On Tuesday, the Middelburg Specialised... 

Hurdles cleared for sale of SAA - now for Takatso to show the money

The last hurdles are being cleared for the sale of 51% of South African Airways to Takatso - if it can come up with the money.  A major blockage to the sale, brokered way back in June 2021, that... 

Court strikes Koko Eskom graft case off the roll, finds there were unreasonable delays

The Middelburg Specialised Commercial Crimes Court on Tuesday struck the case against former Eskom boss Matshela Koko and others from the roll. The court found that there had been unreasonable... 

Economic pain at its harshest with more of the same likely for 3 to 6 months

South Africans have been spending and transacting less and less as high interest rates, food inflation, load shedding and elevated fuel prices eat away at their income, according to the latest... 

Petrol, diesel prices on track for cuts in December

Based on the current oil, international fuel and rand prices, the latest data from the Central Energy Fund shows that petrol prices could be cut by around R1.07 a litre in December, while diesel... 

SA sees job growth, but it's cold comfort for millions of unemployed youth left behind

Young people aged 15 to 34 years had an unemployment rate of 43.4% in the third quarter, compared with 45.3% in the second, according to Statistics SA. The decline mimicked the drop in the... 

Moody’s places Transnet on review for ratings downgrade

Moody’s Investors Service has placed Transnet on review for a potential credit ratings downgrade due to concerns over liquidity and refinancing risks for the struggling state-owned freight, port... 

While SA’s devastating bird flu outbreak abates, researchers work to eradicate virus

Newly released research showed the potential of gene editing technology to break the back of the avian influenza virus which recently swept across South Africa, resulting in the culling of... 

Gold One mine: Situation tense as police fire rubber bullets at protesting AMCU workers

The situation remains tense at Gold One mine in Springs, with police firing rubber bullets and teargas at protesting AMCU workers. Workers affiliated with AMCU have been gathering at the mine since... 

SA debt stress: Govt scrambles to borrow more money

The South  African government, which is being forced to sell ever more debt than planned because it’s spending more than it makes, is unlikely to reverse this spiral any time soon - especially not... 

Koko's Kusile 'graft': Lead investigator faces blistering questions over case delays

The lead investigator in the R2-billion Kusile Power Station corruption case has backtracked on his testimony that two German nationals accused in the matter will not be extradited to stand trial.... 

'There is nothing we can do.' Gordhan bemoans 'unreasonable' Chinese rail company

"Transnet needs help," chairperson Andile Sangqu told MPs on Wednesday in an appeal to the government to take on some of its unsustainable debt burden and fund its turnaround plan. Transnet has a... 

Top US senator demands 'immediate' review of SA’s Agoa status

A US senator has written a document proposing several amendments to legislation renewing the African Growth and Opportunity Act, including that there should be an immediate review of South Africa’s... 

Shipping giants hit SA containers with congestion charges amid massive delays at ports

Shipping giants Mediterranean Shipping Company (MSC) and Maersk have announced a costly fee for congested vessels this December due to severe delays at South African ports.  In its announcement,... 

Creecy: SA is pushing for money from rich countries to help with adapting to climate change

As nations gather in the United Arab Emirates later this month for the global climate summit, COP28, South Africa and other developing nations will be calling for clear targets and funding to adapt... 

Medium-term budget in a nutshell: It’s going to hurt

Treasury has been forced to make painful revisions to the latest Medium-Term Budget Policy Statement, which updates government’s spending plans over the next three years, after its expectations in... 

Petrol, diesel price cuts confirmed for Wednesday

The price of both grades of unleaded petrol (93 and 95) will be lowered by R1.78 a litre on Wednesday, while diesel wholesale prices will be cut by between 82c and 85c depending on the sulphur... 

Big decreases in petrol, diesel prices expected for November

A significant decline in petrol and diesel prices is expected for November, according to unaudited data from the Central Energy Fund. The data suggests that the price of unleaded petrol 95 will... 

'Out of ICU': Gordhan says Takatso deal will be concluded soon, as SAA launches Brazil route

The South African Airways-Takatso deal is "pretty much still on," with hopes that it will be concluded either later this year or early next year, according to Public Enterprises Minister Pravin... 

SA producer inflation races higher for the second month

September’s annual producer price index accelerated for a second consecutive month to 5.1% from 4.3% in August. This was hotter than economists expected.  The main contributor was food products,... 

'I'm not going anywhere' - Gordhan hits back at accusations of meddling at Transnet, Eskom

While executives and board members at troubled State-owned enterprises Transnet and Eskom have resigned in recent weeks, Public Enterprises Minister Pravin Gordhan has rejected accusations that it... 

Transnet to lean on Treasury for R100bn turnaround plan

Transnet is seeking more than R100-billion from the Treasury over the next two years, according to the turnaround plan produced by the board.  The R100-billion includes a request that the Treasury... 

Anglo American hit with class action from coal miners over lung disease

A new class action, on behalf of coal miners suffering from lung disease, has been launched against nine companies owned by Anglo American Group. This is the second in a series of class actions... 

Miners are still underground at Gold One

Thirty-six hours later, more than 500 miners at the Gold One mine in Springs, east of Johannesburg, are underground while unions continue to throw allegations against each other.   Workers who want... 

Head of troubled coal line exits Transnet

In the latest in a slew of resignations, Transnet’s managing executive for the critical export coal line, Ali Motala, is leaving the embattled State-owned company. Several high-placed sources have... 

SA has R660-billion shortfall on its R1.5-trillion just climate transition plan

Despite wealthy nations’ pledged $R8.5-billion (approximately R150-billion) and further pledges and investments, South Africa faces a R660-billion financing shortfall for the just energy... 

Koeberg: New delay as reactor is prepared for startup

The return of Koeberg's Unit 1 to commercial service has been delayed by a further 10 days as some critical tests are still to be completed before the reactor is started. The last date that Eskom... 

Water systems improving but Rand Water says municipalities not meeting agreed targets

Bulk supplier Rand Water says the Tshwane and Johannesburg metros have made strides towards improving their water supply - using fragile systems that have teetered on the brink of collapse. This...