Employment in the formal non-agricultural sector drops in Q1 2023
The Quarterly Employment Statistics (QES) survey in South Africa for Q1:2023 revealed a decrease of 21 000 jobs in the formal non-agricultural sector, resulting...
Eskom and the Netherlands aim to accelerate the move away from coal
Eskom and the Netherlands have signed a letter of intent (LOI) to collaborate on the 'Just' initiative, supporting Eskom's move away from coal and...
OUTsurance mulls selling OUTvest amid Ireland expansion
OUTsurance Group has undergone significant changes, including disposing Hastings, settling preference share debt and unbundling interests in Discovery and Momentum Metropolitan Holdings. Despite these...
NUM suspends its General Secretary amid an internal investigation
The National Union of Mineworkers (NUM) has taken the unprecedented step of suspending its general secretary, William Mabapa, with pay due to an internal...
Sanlam and SanParks launch program for local SMMEs near national parks
Sanlam Group and SanParks launch R10m programme to support SMMEs near major national parks in South Africa. The initiative aims to provide market access,...
SARB drafts new standards to enhance financial supervision
The South African Reserve Bank (SARB) is developing new prudential standards for deposit-taking institutions to enhance financial supervision. The Prudential Authority (PA), part of...
Hulamin workers have embarked on an indefinite strike
Hulamin is facing an indefinite strike at its KwaZulu-Natal operations as 1 800 workers demand an increase in the company's medical aid contribution which...
Government launches the EOSS and Energy Resilience Fund
South Africa's Minister of Trade, Industry and Competition, Ebrahim Patel, has launched the Energy One-Stop Shop (EOSS) and Energy Resilience Fund to accelerate the...
Unions and Eskom sign three-year wage deal with 7% pay increase annually
NUM, Numsa, and Solidarity reached a new three-year wage deal with Eskom, providing a 7% pay increase each year. The agreement also includes a...
National Treasury launches a new program to tackle job shedding
National Treasury has launched the Spatial Economic Activity Data South Africa (SEAD-SA) program to understand the geographic distribution and characteristics of economic activities in...