R10 Billion Injection for State-Owned Bank in South Africa
Africa-Press - South-Africa. South Africa’s Land and Agricultural Development Bank has received R10 billion in capital injections over the past five financial years.
This state-owned...
Edward Kieswetter Loses R27 Billion Annually
Africa-Press - South-Africa. An estimated 70% of cigarettes sold in South Africa are illicit, leading to annual tax revenue losses of over R27 billion.
Finance...
SA’s Trade Surplus with US and Deficit with BRICS
Africa-Press - South-Africa. The South African Revenue Service’s (SARS’s) 2024 data showed that South Africa has a trade surplus of R37 billion with the...
Eskom and South Africa Facing Serious Trouble
Africa-Press - South-Africa. Eskom is operating on the edge, with demand consistently outstripping supply and load-shedding only being averted by load reduction, increased imports,...
South Africa heading for financial storm
Africa-Press - South-Africa. South Africa’s declining economic performance over the past 15 years has translated into a looming financial crisis, with the government’s debt...
Kolisi Returns for Boks as Wiese Faces Four-Match Ban
Africa-Press - South-Africa. Siya Kolisi returns from injury to take over the Springbok captaincy for the first time this season in a squad including...
Mpumalanga Premier Ndlovu Reshuffles Cabinet and MECs
Africa-Press - South-Africa. Mpumalanga premier Mandla Ndlovu has sacked his education MEC Cathy Dlamini and economic development and tourism MEC Makhosazane Masilela.
Ndlovu reshuffled his...
Sibiya Placed on Leave After Mkhwanazi Allegations
Africa-Press - South-Africa. Deputy national commissioner for crime detection Lt-Gen Shadrack Sibiya has been asked to take leave of absence after explosive allegations made...
Transport Minister Dissolves RAF Board
Africa-Press - South-Africa. Transport minister Barbara Creecy has dissolved the board of directors of the Road Accident Fund (RAF) after ongoing governance and operational...
KZN Cogta MEC Buthelezi Blocked from Council Offices
Africa-Press - South-Africa. Pandemonium broke out at the offices of Umkhanyakude district municipality in northern KwaZulu-Natal on Monday when the council speaker and municipal...