Business

NUM starts court action against Ramaphosa over Eskom restructuring plans

The National Union of Mineworkers (NUM) is preparing legal action against President Cyril Ramaphosa and the state over plans to restructure Eskom. This comes after...

Advtech expects earnings to rise by up to 18%

Private education and resourcing group Advtech expects earnings per share to increase by between 13% and 18% in the six months to the end...

Unemployment shoots up to 33.6% in second quarter of 2026

South Africa's official unemployment rate increased to 33.6% in the second quarter of 2026, as the number of jobless people rose sharply, according to...

Oil rises nearly 2% as Iran tempers hopes of Hormuz reopening

By Stephanie Kelly LONDON, Aug 10 (Reuters) - Oil prices jumped almost 2% on Monday after Iran insisted that the United States must satisfy several demands before the Strait of Hormuz can reopen. 

Heavy downpours expected in parts of the country

Residents in Gauteng, Limpopo and Mpumalanga have been warned to prepare for heavy downpours as severe winter weather continues to affect parts of South...

ANC Gauteng spokesperson Mzi Khumalo dies

ANC Gauteng provincial spokesperson Elias Mzikayifane Khumalo has died aged 54. The provincial ANC confirmed his death, saying he died in hospital on Monday morning,...

Forget prime. Watch the bank margin

Sometimes the most meaningful economic reforms are not the ones that change interest rates. They are the ones that make the financial system easier to...

Nkuhlu reflects on ETI exit as one of few regrets in...

Outgoing Nedbank Group chief operating officer Mfundo Nkuhlu says an investment in West Africa’s Ecobank Transnational Incorporated (ETI), which was eventually sold at a...

Kganyago blasts ‘seasonal’ SARB nationalisation push

Reserve Bank governor Lesetja Kganyago has raised concerns that calls to nationalise the South African Reserve Bank (SARB) tend to resurface whenever the ANC...

The government is abandoning B-BBEE through public procurement regulations

South Africa’s greatest missed opportunity is not failure to create new progressive policies, but the failure to harness the constitutional instruments we already possess. Every...