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Business

The Fiscal Cliff | Shallow state purse deepens jobs crisis
Business
/ 18 February 2024

The Fiscal Cliff | Shallow state purse deepens jobs crisis

In this instalment of The Fiscal Cliff – a Mail & Guardian series on how South Africa’s budget has been shaped – Sarah Smit considers the intimate link between the country’s ultra-high unemployment rate and austerity

By Sarah Smit
Ill workers file class-action suits against coal mining giants
Business
/ 12 February 2024

Ill workers file class-action suits against coal mining giants

They allege they contracted incurable lung diseases while working on mines and want compensation for the harm caused to their health

By Lyse Comins
Sibanye Stillwater job cuts ‘basically done’, says Froneman
Business
/ 11 February 2024

Sibanye Stillwater job cuts ‘basically done’, says Froneman

In an interview, Sibanye-Stillwater CEO Neal Froneman also refutes the view that South Africa’s biggest mining employer is overextended

By Sarah Smit
SA tech entrepreneurs head to Dublin
Business
/ 11 February 2024

SA tech entrepreneurs head to Dublin

Start-ups that won the Irish Tech Challenge want to expand their enterprises to the European Union

By Lyse Comins
‘Nervous’ SA miners brace for tough time
Business
/ 11 February 2024

‘Nervous’ SA miners brace for tough time

Domestic constraints on the industry may be easing, but this will do little to counteract the effect of the commodity price slump

By Sarah Smit
Draft Integrated Resource Plan accepts coal reality, says Thungela chief executive
Business
/ 6 February 2024

Draft Integrated Resource Plan accepts coal reality, says Thungela chief executive

The leading coal exporter is not giving up, even as local logistics constraints and falling prices bear down on sales

By Sarah Smit
SA scores ‘impressive’ energy revolution
Business
/ 6 February 2024

SA scores ‘impressive’ energy revolution

The government’s efforts to liberalise the country’s energy market is nothing to be scoffed at, experts say

By Sarah Smit
Ramaphosa confident that mining rights backlog will be cleared
Business
/ 5 February 2024

Ramaphosa confident that mining rights backlog will be cleared

Speaking during the opening ceremony of the Mining Indaba, the president emphasised that work is underway to unlock investment

By Sarah Smit
Integrated resource plan deadline extended by a month
Business
/ 5 February 2024

Integrated resource plan deadline extended by a month

The department of mineral resources and energy had hoped to finalise the long-awaited energy plan by May but the call for public comment has been extended

By Sarah Smit
Mining industry sees light at end of the tunnel
Business
/ 5 February 2024

Mining industry sees light at end of the tunnel

The industry has struggled in the face of energy and logistics constraints, but signs of progress have stirred cautious optimism

By Sarah Smit
Cape Town to mint 6100 new millionaires in projected wealth boom
Business
/ 5 February 2024

Cape Town to mint 6100 new millionaires in projected wealth boom

New millionaire residents will surge by 85% in 2033, making it one of the Brics nations fastest growing wealth hubs

By Seth Onyango
The Fiscal Cliff | South Africa treads water over municipal budgets and crumbling sanitation infrastructure
Business
/ 1 February 2024

The Fiscal Cliff | South Africa treads water over municipal budgets and crumbling sanitation infrastructure

Makana’s budget, and those of most municipalities, need monitoring  and the corrupt and wasteful held to account

By Philip Machanick
Clouds part for global economy, but SA’s prospects remain gloomy
Business
/ 31 January 2024

Clouds part for global economy, but SA’s prospects remain gloomy

The International Monetary Fund has slashed South Africa’s 2024 growth forecast as the country’s economy grapples with logistics constraints

By Sarah Smit
SA’s first exports shipped into Africa under African Continental Free Trade Area pact
Politics
/ 30 January 2024

SA’s first exports shipped into Africa under African Continental Free Trade Area pact

Delegates from 40 African countries are in Durban to strengthen the agreement to boost intra-African trade

By Lyse Comins
Middle East crisis: Why aren’t oil prices much higher?
Business
/ 26 January 2024

Middle East crisis: Why aren’t oil prices much higher?

Lower prices are good insofar as inflation is concerned but they suggest that economic troubles lie ahead

By Sarah Smit
Rand reels amid rates reckoning, braces for election turmoil
Business
/ 26 January 2024

Rand reels amid rates reckoning, braces for election turmoil

The local currency could be in for more volatility as political push-and-pull raises uncertainty

By Sarah Smit
Kganyago plugs monetary policy committee holes with new member
Business
/ 25 January 2024

Kganyago plugs monetary policy committee holes with new member

David Fowkes, who was appointed as an adviser to the governors last December, has worked for the Reserve Bank since 2013

By Sarah Smit
Reserve Bank sticks to its guns, keeps interest rates on hold
Business
/ 25 January 2024

Reserve Bank sticks to its guns, keeps interest rates on hold

Governor Lesetja Kganyago suggested the central bank will look for the inflation rate to fall within its target before it administers relief

By Sarah Smit
Inflation slows again, but interest rate cut is probably still off the table
Business
/ 24 January 2024

Inflation slows again, but interest rate cut is probably still off the table

After the release of the December inflation data, Investec chief economist Annabel Bishop said the Reserve Bank is likely to remain hawkish amid upside risks

By Sarah Smit
Do economists matter?
Business
/ 23 January 2024

Do economists matter?

Last week, South Africans got a taste of the kind of influence economists hold, despite them being part of an often fallible tribe

By Sarah Smit
Investment 2024: SA a ‘hard sell’ as growth continues to falter
Business
/ 21 January 2024

Investment 2024: SA a ‘hard sell’ as growth continues to falter

Investors will struggle to look beyond the country’s energy and logistics crises

By Sarah Smit
Delinking from the West is critical for SA, says Godongwana
Business
/ 18 January 2024

Delinking from the West is critical for SA, says Godongwana

The finance minister was speaking on a panel in Davos about the expansion of Brics

By Sarah Smit
Unions threaten legal action over jobs at Durban port
Business
/ 16 January 2024

Unions threaten legal action over jobs at Durban port

Dock workers are demanding transparency over Transnet’s partnership with the Filipino container company and an assurance there will be no retrenchments

By Lyse Comins
Health cost of climate change will climb to $12.5 trillion by 2050
Business
/ 16 January 2024

Health cost of climate change will climb to $12.5 trillion by 2050

A new report from the World Economic Forum shows that Africa is most vulnerable to health-related losses

By Sarah Smit
Vegetable and other food prices remain high
Business
/ 14 January 2024

Vegetable and other food prices remain high

The M&G’s basic food basket survey shows that supermarket prices don’t always drop when those at fresh produce markets do

By Lyse Comins
Genocide case unlikely to dent SA’s investment case at Davos
Business
/ 11 January 2024

Genocide case unlikely to dent SA’s investment case at Davos

Finance Minister Enoch Godongwana noted that South Africa’s position on Israel’s occupation of Palestine has always been clear

By Sarah Smit
New energy plan sends mixed signals to investors
Business
/ 10 January 2024

New energy plan sends mixed signals to investors

The draft IRP 2023 scales back renewable projects viewed as a key source of economic growth

By Sarah Smit
BHI Trust’s associates’ global links exposed
Business
/ 10 January 2024

BHI Trust’s associates’ global links exposed

But the South African expat listed as a Swiss resident has denied any connection to the company that apparently marketed the alleged ponzi scheme

By Lyse Comins
RGS abandons Tongaat bid, claims business rescue is rigged
Business
/ 9 January 2024

RGS abandons Tongaat bid, claims business rescue is rigged

Bidder says rescue practitioners tried to manipulate process to favour ANC funder Robert Gumede

By Paddy Harper
Inflation’s defeat is an empty victory
Business
/ 9 January 2024

Inflation’s defeat is an empty victory

This year will finally see interest rates fall. But whatever relief the Reserve Bank administers, it will have come too late for some

By Sarah Smit
RCL withdraws interdict, so Tongaat creditors’ vote goes ahead — for now
Business
/ 8 January 2024

RCL withdraws interdict, so Tongaat creditors’ vote goes ahead — for now

Business rescue practitioner Metis has agreed to amend the ‘unlawful’ Vision group rescue plan

By Paddy Harper
Argentina court suspends Milei labour reforms
Business
/ 4 January 2024

Argentina court suspends Milei labour reforms

Solicitor General Rodolfo Barra told AFP that the government will appeal Wednesday’s ruling

By Afp
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