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SA annual consumer inflation accelerates to 4.6 percent in June - stats agency

18th July 2018 South Africa’s annual consumer price inflation quickened to 4.6 percent in June from 4.4 percent in May, data from the national statistics agency showed on Wednesday. On average, prices increased by 0.4 percent between May and June, Statistics South Africa said. 

Union calls for mine bosses to be prosecuted for deaths of mineworkers

17th July 2018 The National Union of Metalworkers of South Africa (Numsa) on Tuesday called for mine bosses to be prosecuted for the deaths of six miners in Limpopo at the Phalaborwa Mining Company's copper mine. The men died after they became trapped underground when a fire broke out in the early hours of... 

Eskom cuts power to defaulting Free State municipalities

17th July 2018 Residents at Tokologo, Masilonyana and Nala municipalities in the Free State will face power cuts due to the councils' failure to honour their debt payment agreements with Eskom, the power utility said on Tuesday. ''The next payments for Tokologo, Masilonyana and Nala Local municipalities were... 

Numsa lodges wage dispute with AMSA

17th July 2018 The National Union of Metalworkers of South Africa said on Tuesday it had lodged a dispute at the Commission for Conciliation, Mediation and Arbitration (CCMA) against ArcelorMittal South Africa (AMSA) after reaching a deadlock in wage talks. The union is demanding an 11% wage increase across the... 

SA business delegation arrives in Angola for trade and investment mission

16th July 2018 The South African business delegation arrived in Luanda, Angola on Monday, for a five-day trade and investment mission. The mission is led by the Deputy Minister of Trade and Industry, Bulelani Magwanishe, and is set to take place from Monday until July 21. 

Davies concerned about extension of US tariffs to autos and auto parts

16th July 2018 South Africa’s steel and aluminium exports to the United States does not pose any threat to US national security, says Trade and Industry Minister Dr Rob Davies. Davies was speaking during bilateral meetings in Washington DC with US Trade Representative Ambassador Robert Lighthizer, US Secretary... 

Nkwinti off to see Lesotho Highlands Water Project progress

12th July 2018 Water and Sanitation Minister Gugile Nkwinti will on Thursday undertake a two-day Ministerial visit to Lesotho to see the developments around the Lesotho Highlands Water Project. "Minister Nkwinti will also have discussions with his counterpart from the government of Lesotho, Minister of Water,... 

Egypt wants $500m from World Bank

11th July 2018 Egypt’s Ministry of Investment and International Cooperation has held discussions with the World Bank for an additional $500-million loan for the country’s social housing projects targeting low-income households, according to an official ministry statement. The discussions were held on Tuesday... 

SADC Committee of Ministers of Finance meets in South Africa

11th July 2018 The Southern African Development Community (SADC) Committee of Ministers of Finance and Investment will meet today in Johannesburg to discuss areas of cooperation and improving regional financial coordination.  The Ministers will be joined by the central bank governors from the region.  

Eskom and IPP deal to create more than 60 000 jobs

10th July 2018 More than 60 000 jobs are expected to be created during the 27 new renewable energy plant projects being rolled out under the independent power producers (IPP) programme, valued at some R56-billion. According to a statement issued on behalf of Workforce Staffing, a temporary employment service... 

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