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, …
South Africa
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AfricaAFRICA NEWSBusinessBusiness and EconomyEconomyEventsFashion & StyleHospitality, Travel & TourismSouth AfricaTransportation & LogisiticsTravel & Tourism
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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 …
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EconomyEnergyMarketsPoliticsSouth Africa
Global Shock as US Bombs Iran Nuclear Sites — Oil Prices, Inflation and Markets on Edge
The United States’ surprise decision to bomb nuclear enrichment facilities in Iran over the weekend has dramatically escalated tensions in the Middle East, triggering global market turmoil and raising alarm …
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Despite a decline in overall employment figures, South Africa’s average earnings have outpaced inflation—giving workers real wage gains. However, salary experts are advising employees to manage their expectations going into …
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AfricaAFRICA NEWSBusiness and EconomyEconomyMarketsMiddle eastNewsSouth Africa
South African Rand Strengthens on Israel-Iran Ceasefire and Market Optimism
The South African rand strengthened against the U.S. dollar in early Tuesday trade, buoyed by a broad risk-on sentiment following U.S. President Donald Trump’s announcement of a ceasefire between Israel …