Tags: South Africa

South Africa’s New Energy Plan Proved Effective as Electricity Remains Stable Since March

South Africa’s New Energy Plan Proved Effective as Electricity Remains Stable Since March

South African government and Eskom’s energy plan proved successful as the country has not experienced any power outages for the past four months, the longest period of stable electricity in over four years.


SARS Claims Clothing Stores Evade Tax Hikes in South Africa, Accusing Them of Taking Advantage of Peculiar Taxing System

SARS claims that clothing stores are evading the tax hikes in South Africa. Officials explained how clothing brands are possibly doing it.

ZA Retailer Pepkor Reports 3.1% Revenue Drop, Cites Supply Chain Disruptions on Imports

South African company Pepkor Holdings reported a 3.1% fall in its half-year earnings report due to ongoing supply chain disruptions at local ports that impacted its merchandise imports, but also reported a 9.5% revenue rise compared to the similar time period last year.

Anglo American Announces Plans to Leave Diamond, Platinum, Coal Mining to Avoid BHP Acquisition Plans

Anglo American decided on abandoning its diamond, platinum, and coal operations in order to realign its operations on nickel and avoid acquisitions offered by BHP Group.


Latest News

Businessman Who Shot His Wife to Death Thinking She Was an Intruder Gets Only 12 Years in Prison
A South African businessman was sentenced to 12 years in prison for shooting his wife to death after he mistook her for an intruder in their home.
After being notified of an arrest warrant against him, a former CEO of Steinhoff was found dead in what authorities suspect to be a suicide.
South Africa's return-to-office efforts get a middle finger from employees. Office-based policies are now increasing.
Cyril Ramaphosa of South Africa leads the way on attracting investors for the growth of South Africa.
LAGOS – In an interview on Friday, MTN has denied the allegations of the illegal repatriation of $14 billion Nigerian funds.
South Africa is experiencing wheat shortages prompting grain importation. The increased tariff has been approved but Treasury requested the Trade and Industry sector to review it as it will affect the prices of staple food.
South Africa's energy crisis will now be answered by the launching of the largest solar farm built in Northen Cape. It could generate power that could supply electricity from renewable energy to 75,000 households yearly.
South Africa's output in the manufacturing and mining sector might not be a good sign to start the year right. More mining sites stopped their operations creating illegal mining. The president should do something as investors are skeptical on how he handles the country's economic situation.
South Africa's gold industry is degenerating along with its economy. With the shut down of many gold mines, many workers are laid off leaving them no jobs and no food. This forces them to mine illegally and make their lives in jeopardy.
South Africa’s currency has dropped to its four-year low after the news of the country’s finance minister threats of resignation was reported. Finance minister Pravin Gordhan threatens to resign over a spat with Tom Moyane, as the minister demanded the tax commissioner to be dismissed, or he himself would leave.
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