News
Rand continues to strengthen against the US dollar
1+ hour, 44+ min ago (123+ words) JOHANNESBURG - The rand continues its rally against the US dollar, breaking through'R16 to the dollar for the first time in almost four years. Over the past month, the rand has strengthened by 3.86 percent, and is now 14.41 percent stronger than it…...
Inflation edges higher in December as meat and beverage prices climb
5+ day, 23+ hour ago (313+ words) JOHANNESBURG - South Africa's annual consumer price inflation ticked up slightly in December, rising to 3.6 percent from 3.5 percent in November, according to Statistics South Africa. While overall inflation remains contained, food prices continue to put pressure on household budgets, particularly meat…...
Unemployment Crisis | Unemployment rate drops form 33.2% to 31.9%
2+ mon, 1+ week ago (121+ words) Centre for Development and Enterprise suggests that an average growth rate of 4 percent could generate approximately 400-thousand new jobs annually. Unemployment Crisis | Unemployment rate drops form 33.2% to 31.9% JOHANNESBURG - Economic growth equals job opportunities. While this is true, Kate Phillip from…...
Jobs bloodbath | Things likely to get worse, says economist
4+ mon, 3+ week ago (110+ words) JOHANNESBURG - It's a jobs bloodbath as companies in various sectors are unable to keep operating at the same levels. Ford, Goodyear and Day Break Foods are just some that have announced retrenchments. Economist Dawie Roodt said that unless the economy…...
How Trump's 30% tariff hike on all SA imports will hit the country
6+ mon, 2+ week ago (148+ words) JOHANNESBURG - United States (US) President Donald Trump has issued letters to various countries, saying the new trade tariffs will be effected on the first of August." In South Africa's case, the move has been stated to be intended to address…...
US Fed set to hold rates steady in the face of Trump pressure
7+ mon, 1+ week ago (403+ words) WASHINGTON - The US central bank is expected to keep interest rates unchanged for a fourth straight policy meeting this week, despite President Donald Trump's push for rate cuts, as officials contend with uncertainty sparked by the Republican's tariffs. While the…...
Stocks climb on reassuring jobs data, US-China trade optimism
7+ mon, 2+ week ago (320+ words) NEW YORK - Major stock indexes pushed higher on Friday as data showed the US labour market is resilient despite uncertainty over President Donald Trump's tariffs, while upcoming US-China talks added to hopes of'easing trade tensions. Tesla stocks regained some ground…...