Newsroom

Banele GinindzaSouth Africa’s automotive manufacturing industry is facing renewed strain amid stalled wage negotiations between employers and unions, with industry leaders warning that 2025 production levels could fall short of last year’s already subdued output.The National Association of Automotive Component and Allied Manufacturers (NAACAM) on Friday said vehicle production is…

Banele GinindzaParliament has confirmed that it is following up on allegations of financial mismanagement and governance failures at the Public Investment Corporation (PIC) that could threaten the stability of the R3.5 trillion public servants’ pension portfolio.The move follows explosive claims by United Democratic Movement (UDM) leader, Bantu Holomisa, who wrote…

A global audience of more than 2,500, many of them eager bidders, is expected to join two major online auction sessions hosted today by Bassani’s Auction House, the powerhouse of South African numismatics.Banknotes, rare coins, and investment-grade gold worth between R8 million and R10 million are set to go under…

 In 2015, the African Union (AU) assigned South Africa the continental mandate to lead the manufacturing of rolling stock for Africa. The decision recognised South Africa’s industrial base, engineering expertise and infrastructure as the continent’s most advanced. It was an opportunity to anchor regional industrialisation, create skilled employment and supply…

The Department of Agriculture has moved to defend itself following concern over the Auditor-General’s report indicating a qualified audit opinion and a surge in fruitless and wasteful expenditure during the 2024/25 financial year.The latest audit findings covering the 2024/25 financial year ending on 31 March 2025 were tabled by the…

South African consumers pulled back on card spending in August, marking a 4.2% decline, according to the latest Absa Merchant Spend Analytics report released last week.The drop follows a strong rebound in July, when both card spending and transaction volumes surged by 13%, driven by seasonal retail promotions and end-of-season…

South Africa’s ambitious reform drive under Operation Vulindlela gained significant traction in the second quarter of 2025/26, with notable progress in the energy, logistics, and digital transformation sectors, according to the latest progress report released on Friday.The government’s structural reform initiative — jointly coordinated by the Presidency and the National…

The Bank of America (BofA) has flagged a potential credit rating upgrade for South Africa later this month, saying that S&P Global Ratings could lift the country’s sovereign rating to ‘BB’ if the government delivers stronger economic growth and successfully reduces its debt-to-GDP ratio.In its latest note released on Friday,…

South Africa’s major banks are closing physical branches and ATMs at an unprecedented rate. Standard Bank, for example, has reduced its branch footprint by 42% since 2017, while Absa, FNB, and Nedbank have also scaled back operations. The industry is clearly moving towards digital-first banking. But this transformation raises an urgent question: how will the 3.9 million unbanked…

South African consumers are no longer waiting until the last week of November to hunt for bargains. With Black Friday now a month-long event, shoppers start eyeing deals as early as October. Larger retailers are expected to roll out bigger-ticket offers earlier, too. While this may pull some spending away…