The Prudential Authority, which operates under the South African Reserve Bank (SARB), has issued administrative sanctions against HBZ Bank Limited, Citibank, and the Bank of Taiwan for failing to comply …
South Africa
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AfricaAFRICA NEWSBanking, Finance & InvestmentCrimeFinance & ServicesNewsSouth Africa
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AfricaAFRICA NEWSGOVERNMENTNewsPoliticsSouth Africa
Joburg Mayor Dada Morero Survives No-Confidence Vote
City of Johannesburg Mayor Dada Morero has survived a motion of no confidence brought against him during a council sitting on 25 June 2025, maintaining his position despite mounting criticism …
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AfricaAFRICA NEWSBusiness and EconomyEconomyEducationInfrastructureNewsSouth Africa
Eastern Cape Flood Disaster Leaves 95 Dead, R5.2 Billion in Damages
The Department of Cooperative Governance and Traditional Affairs (Cogta) has confirmed that the devastating storms that swept through the Eastern Cape earlier this month have left 95 people dead, caused …
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AfricaAFRICA NEWSBusinessBusiness and EconomyEconomyEventsFashion & StyleHospitality, Travel & TourismSouth AfricaTransportation & LogisiticsTravel & Tourism
Durban July 2025 Set to Pump Nearly R700 Million into eThekwini Economy
Durban, South Africa – The highly anticipated 2025 Durban July horse racing event is expected to inject a whopping R690 million into the eThekwini Metro economy, with thousands of visitors, …
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Kayamandi, Stellenbosch – An eight-year-old child has tragically died and over 120 residents have been left homeless following a devastating fire that ripped through the Zone O Informal Settlement in …
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AfricaAFRICA NEWSArts & CultureBusinessBusiness and EconomyDevelopmentEconomyLeadershipSouth Africa
Beth Arendse Appointed as New CEO of BASA
Business and Arts South Africa (BASA) has appointed Beth Arendse as its new Chief Executive Officer, with her tenure set to begin on 1 July 2025. BASA, a leading organisation …
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Banking, Finance & InvestmentEconomyFinance & ServicesNewsSouth Africa
South Africa’s Big Four Banks Face R60 Billion Lawsuit Over Alleged Unlawful Home Sales
South Africa’s four largest banks — Absa, Nedbank, Standard Bank, and FirstRand (FNB) — are facing a massive R60 billion class action lawsuit from former homeowners. The plaintiffs claim their …
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EconomyLabourManufacturingSouth AfricaTrade and Commerce
Potential Deadlock in South Africa’s Auto Sector Wage Talks
South Africa’s automotive sector, a vital part of the country’s manufacturing landscape, faces a possible shutdown as wage negotiations reach a critical point. The National Union of Metalworkers of South …
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BusinessEconomyGOVERNMENTMarketsSouth Africa
Dis-Chem’s Saltzman Brothers Inherit R6.8 Billion Shares
Brothers Dan and Mark Saltzman, sons of Dis-Chem founders Ivan and Lynette Saltzman, have recently inherited shares worth about R6.8 billion in the company. This development was made public through …
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Finance & ServicesSouth AfricaTechnology
SARS Launches ‘Express Access’ Feature to Simplify 2025 Tax Season Filing
The South African Revenue Service (SARS) is introducing a new tool called ‘Express Access’ on its eFiling platform, aimed at making the 2025 tax season faster and more user-friendly, especially …