Trade union Solidarity has accused Sasol of compromising safety by replacing its striking members with workers who are not properly trained at the Sasolburg plant. Continue reading…
President Cyril Ramaphosa has secured nearly R370-billion in financing from the Chinese government towards an economic stimulus package. Continue reading…
Increasing rand weakness against the dollar will not bode well for the fuel price in October, Minister of Energy Jeff Radebe warned on Wednesday evening. Continue reading…
New home in Russia: Yet another White South African farmer family is seeking safety in Russia as land seizure looms and statistics show that farm prices in South Africa have plunged by a third since December alone! The irony that communist policies, taught to the ANC leaders, by the Russians is now the cause of Farmers fleeing to Russia, is almost surreal if it were not so tragic. Not that communists have ever cared about people’s suffering or even hesitated when it comes to ethnic cleansing… Continue reading…
The power station will only serve a planned new Chinese-controlled industrial park, which will contain at least 7 metallurgical processing plants. A top energy expert says there is no rational reason to build the coal power station. There has been some confusion in the energy industry this past week after the announcement that a new.. Continue reading…
President Cyril Ramaphosa has once again rejected suggestions that China is a new coloniser and that his government has sold South Africa to the country by signing loan agreements for state-owned enterprises (SOEs). Continue reading…
All indications are there that the fuel price may rise by almost R1,15 in October. It can burst the price of fuel through the R17 border, which will bring higher food prices and transport costs. This despite Cyril Ramaphosa’s assurance that the recession is only a technical and temporary problem. However, the higher fuel price.. Continue reading…
The social development department has made an extraordinary proposal to the inter-ministerial committee set up to find solutions to boost the economy: double social grants payments for six months. Continue reading…
Since yesterday September 5, 2018 around 12:00 it was announced that South Africa is in an official recession. Nearly everyone read about it with great concern, but few realize exactly what it entails.
A recession suggests a phase of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. The current recession in the country was caused by the debate about land expropriation without compensation, which undermined a very principle of the freemarket system; and the full particulars of the thuggery and corruption from Zumagate now becoming public. Continue reading…
South Africa has been left out of countries to receive relief from steel and aluminium tariffs from US President Donald Trump’s administration. This is after Trump reportedly signed proclamations permitting targeted relief from steel and aluminium quotas from countries including South Korea, Brazil and Argentina and on aluminium from Argentina. South Africa was among developing.. Continue reading…
A massive decline in the agricultural sector accompanied by smaller declines in transport and retail consumer sectors have dragged the South African economy into recession after nearly a decade of growth. It is a huge blow to President Ramaphosa’s controversial reforms. Continue reading…
Petrol price is set to increase for the fifth time this year due to a weaker rand. Deputy editor at Finacial Mail Sikonathi Mantshantsha says he is predicting that South Africans will be paying R19 per litre of petrol by the end of 2018. The rand weakened to about R14 after Argentina increased its interest.. Continue reading…
South Africa’s white farmers have been desperately trying to sell their lands at record pace ahead of planned government land seizures, according to a local farmer’s union. However, there are few buyers. Even Winemakers are expressing concerns. Continue reading…
The poor performance of the Rand is definitely not good news for motorists. The Rand fell more than 8%, partly due to the mess on the Turkish financial markets. Although the oil price is relatively stable and even slightly lower, the weak rand will push the fuel price upward. The rand also visibly weakened after.. Continue reading…
President Cyril Ramaphosa’s administration is planning to lay off 30 000 public servants in the next three years as part of the government’s cost-cutting measures.
The move is likely to put Ramaphosa on a collision cause with labour federation Cosatu, which supported his bid to become the ANC president in December.