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African News Agency

South Africa 'collateral damage' in US-led global trading war – Davies

25th July 2018 South Africa has become "collateral damage" in the trading war involving mainly the United States, China, Canada and the European Union, with tariffs imports on its steel exports, Trade and Industry Minister Dr Rob Davies said on Wednesday. Global tensions have flared up as other countries hit... 

Hulamin H1 earnings decline further amid US steel tariffs

25th July 2018 JSE-listed aluminium producer, Hulamin, said on Wednesday that it expected its basic earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended June 30 to decline even further from what was initially anticipated.  Hulamin said that EPS and HEPS for the half year... 

Entire world to benefit from cheaper TB drug

25th July 2018 The entire world will benefit from a price cut of a TB wonder drug, following successful negotiations between South Africa and pharmaceutical company Johnson & Johnson. This follows an agreement reached over the weekend between Health Minister Aaron Motsoaledi and pharmaceutical company Johnson &... 

Trade unions to respond to wage offer in the gold sector

25th July 2018 Trade unions are expected to formally respond to wage offer tabled by gold producers when the third round of negotiations resume on Wednesday in Boksburg east of Johannesburg. Gold producers tabled an opening offer of a three-year wage proposal ranging from 5.5% and 6.5% for underground... 

South Africa signs $14bn trade agreements with China

24th July 2018 President Cyril Ramaphosa said on Tuesday that the South African government had signed several agreements, including memorandums of understanding on investments, amounting to $14.7-billion with China. Various government departments signed agreements with the Chinese government in areas such as... 

Fuel price protestors send letter of demand to Ramaphosa

24th July 2018 An organisation formed to combat increases in petrol and paraffin prices has sent a list of demands to president Cyril Ramaphosa. People Against Petrol and Paraffin Price Increases (PAPPPI) has requested a meeting with the head of state before its attempt at a national shutdown on Friday. 

Brics nations must do away with restrictive barriers to trade

23rd July 2018 The Brics nations should look at innovative ways to remove barriers to trade, including decreasing barriers to new technology growth, while also considering a Brics visa card. This is according to Elena Myakotnikova of the Agency for Strategic Initiatives, who delivered a presentation on a "road... 

City of Tshwane allocates more than R25m to fix sinkholes around the city

23rd July 2018 The City of Tshwane has allocated at least R27.5-million to address five prioritised sinkholes that have created a hazard for drivers in the last few years, said Member of the Mayoral Committee for roads and transport Sheila Lenna Senkubuge on Monday.  Another R25-million will be made available... 

SA population rises above 57m

23rd July 2018 South Africa's population has risen to 57.73-million according to the 2018 mid-year population estimates released by Statistics South Africa (StatsSA) on Monday. "We are talking about mid-year population estimates which use the latest fertility, mortality and migration data to estimate the size... 

Brics countries to further engage on establishing own credit rating agency

23rd July 2018 Brics countries announced on Monday that they have moved one step closer to establishing a new credit rating company in an effort to break the dominance of the big three developed-nation firms, but said that further consultation was still needed. Geoffrey Qhena, chair of the Brics financial... 


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