Economy

latest news & developments
SHEIN store. Image: Suppl

Sactwu calls for ban on Temu and Shein in South Africa

Trade unions Sactwu and Cosatu are calling on the South African government to ban offshore e-commerce giants Shein and Temu to protect thousands of local retail and textile…

Zoom me: Deputy President Paul Mashatile.

Limpopo Investment Conference surpasses the R120 billion target for 2026, reaching an over R138 billion mark

The sixth Limpopo Investment Conference surpassed its 2026 target by securing over R138 billion in pledges, as Deputy President Paul Mashatile urged leaders to ensure these…

Designing the Bridge to Earning

Permanent private-sector jobs remain scarce, but public employment programmes are proving vital in bridging the gap for young South Africans seeking sustainable pathways to…

In the red: Cosatu indicated that affiliate debts constituted 38% of the total income for the period under review. Photo: Cosatu

Cosatu numbers do not add up

Cosatu delegates have revealed that affiliates owe the federation more than R52 million in unpaid fees and levies, even as new leadership takes the helm at its delayed national…

Prospecting: The Malawi Mining Investment Company (Mamico) accompanied Minister of Mining Thoko Tembo on a field tour with artisanal gold miners at Nanjiri Mining Cooperative in Kasungu District. Photo: Mamico

Malawi’s gold plan faces a credibility test

Malawi's ambitious plan to curb gold smuggling through state-backed buying centres faces severe hurdles, including unverified loss estimates, overlapping institutional mandates,…

A recuperating Deputy President Mashatile to take centre stage at Limpopo investment indaba

Deputy President Paul Mashatile is set to deliver the keynote address at the sixth Limpopo Investment Conference and launch the InvestSA One Stop Shop in Polokwane, marking his…

Brace for yet another electricity hike

Parliament’s standing committee on appropriations has raised serious concerns over Eskom's proposed electricity tariff hikes of more than 8%, warning they could worsen the…

Overwhelmed: Many workers are struggling to meet their monthly expenses and could not easily absorb another increase in commuting costs. Photo: File

Pump pain hits workers hard

South African trade unions warn that the latest fuel price hike will drive up food and transport costs, intensifying calls to review fuel taxes and adjust wages to match the…

Purse strings: Parks Tau, the minister of trade, industry and competition. Photo: GCIS

R23.4 billion allocated to black industrialists

The Industrial Development Corporation has committed R23.4 billion towards the black industrialists programme for 2025, benefiting 48 entrepreneurs across key manufacturing…

The best cars to beat R30/l petrol

With inland 95 petrol breaching R30 per litre, choosing the right vehicle is essential. Here is a comprehensive guide to the most fuel-efficient cars across eight primary vehicle…

At midnight the price of petrol 93 (ULP & LRP) will decrease by 58 cents a litre and the price of petrol 95 (ULP &LRP) will drop 72.00c/l. (File photo)

Petrol price to hit record R30.25 a litre in Gauteng from Wednesday

South African motorists face unprecedented fuel costs as 95 unleaded petrol climbs past R30 a litre in Gauteng following major increases announced by the Central Energy Fund.

Open your doors: Higher Education and Training Minister, Buti Manamela has made a call to industry to actively participate. Photos: Supplied

Business accused of being ‘absent’ in skills development programmes

Higher Education Deputy Minister Buti Manamela and union leaders have challenged the private sector to actively support skills development and open workplace doors to combat…

We’re buying a future we’ll never own

As private developers dominate housing and estate levies soar, South Africans risk trading true property ownership and generational wealth for a costly illusion.

Food relief, fuel squeeze

South Africa's food inflation ticked up modestly in August after months of decline, but intensifying fuel price pressures and potential El Niño drought risks threaten to squeeze…

Unsustainable: Continuing to expand the welfare state without GDP growth accelerates a nation towards a fiscal cliff. Photo: File

We cannot grant SA into prosperity

While social grants provide an essential survival safety net for millions, relying on welfare consumption rather than capital infrastructure spending stifles South Africa's…