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News
Rand holds below R16 despite oil shock
5+ day, 13+ hour ago (560+ words) The rand remained below the psychologically important R16 level on Monday, holding onto gains despite renewed Middle East tensions, surging oil prices and expectations that inflation will again come under pressure. The currency, which first broke below R16 last Thursday, was trading…...
Is South Africa’s economy FUBR?
5+ day, 20+ hour ago (1280+ words) While economic indicators suggest South Africa’s economy is holding up, improvements are not yet translating into what matters most: stronger growth and more jobs. South Africa’s second-quarter economic growth figures are due on Tuesday, providing a fresh snapshot of an…...
Steep diesel hike unlikely to hammer grocery bills in South Africa
1+ week, 3+ day ago (639+ words) Image: Vije Vijendranath | Unsplash South Africa’s sharp September diesel increase could add to food-price pressures as higher transport costs move through the country’s heavily road-dependent supply chain, although the eventual impact on grocery bills may be relatively limited. Diesel is…...
R2.1bn investment drives Durban’s Cornubia development, with 2,000 jobs expected
1+ week, 4+ day ago (581+ words) Construction is nearing completion on the first phase of the R2.1 billion Cornubia development in northern Durban, which includes a Leroy Merlin retail project and future commercial facilities. The new R2.1 billion business development in Cornubia, north of Durban, is moving closer…...
Johannesburg clears R5.25bn Eskom debt in full, averting threat to power supply
3+ week, 1+ day ago (351+ words) The City of Johannesburg has paid off its R5.25 billion overdue electricity debt to Eskom. The City of Joburg has settled its outstanding R5.25 billion electricity debt to Eskom in full, ending a dispute that had threatened the security of electricity supply…...
Understanding the decline in South Africa's inflation rate
3+ week, 3+ day ago (409+ words) South Africa’s annual inflation rate fell sharply in July, driven by lower food inflation, smaller municipal tariff increases and falling fuel prices. Image: Tara Clark /Pexels This is according to Statistics South Africa (Stats SA), which released the latest consumer…...
Innovative projects at Grootvlei drive South Africa's Just Energy Transition
3+ week, 3+ day ago (423+ words) The government has lauded Eskom’s Grootvlei Power Station as a leading model for South Africa's Just Energy Transition, highlighting its ongoing shift toward clean energy generation, agricultural innovation, and local job creation. The Grootvlei Power Station in Mpumalanga is morphing…...
Ramokgopa promises more transparent electricity bills under new policy
3+ week, 3+ day ago (767+ words) Electricity and Energy Minister Kgosientsho Ramokgopa has unveiled a revised electricity pricing policy aimed at making consumer bills more transparent and tackling so-called hidden costs. Electricity consumers could soon have greater transparency over what they pay for power under a…...
What South Africa’s economic headlines told us this week
4+ week, 1+ day ago (968+ words) Can South Africans get the green light to cross the road to prosperity? This week's economic signals gave a mixed bag of promises. Image: Pexels/ Mad Knoxx Deluxe This week brought a mixed picture: economic activity showed signs of recovery,…...