citizen.co.za business news headlines

RAF CEO claims systemic bias by judges against fund amid backlog crisis

Road Accident Fund (RAF) CEO Collins Letsoalo believes there might be systemic bias by judges against the fund. Letsoalo also believes the RAF favours the rich, which is why it wants to simplify the process and pay claims based on define
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03 May 2024

Manufacturing PMI shows better start to second quarter

South Africas manufacturing PMI increased above the neutral 50 level in April thanks to no load shedding implemented during the month. In turn this contributed to stronger business activity and higher new sales orders. However, although
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02 May 2024

May petrol price increase will hit consumers in many ways

The latest petrol price increase hits South African consumers in many ways. They are already trapped in an economic downward spiral not of their own making, with each day bringing news of yet another cost of living hike to add to their misery. </
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02 May 2024

Positive foreign direct investment trends emerge despite mining sector concerns

Last week BHP made a bid for Anglo American minus the SA assets, confirming the widely held perception that SA mining is uninvestible due to bureaucratic ineptitude in the issuing of mining licences, onerous BEE requirements and the disasters at
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02 May 2024

TradingPRO: Building on an award-winning legacy

TradingPRO entered the financial services space in 2017, with a single goal in mind: to provide the best experience to traders, regardless of their knowledge of the financial markets or investing potential. With established offices in As
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01 May 2024

Did the South African economy triple since 1994?

Did the South African economy triple since 1994 as the president said in a political speech on the weekend? Many South Africans who suffer financially due to weak economic growth will say this is a lie, but it could actually be true although it m
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30 Apr 2024

Health funders also call on president not to sign NHI Bill

The Health Funders Association is the latest in a range of organisations calling on the president not to sign the NHI Bill into law as he has been saying he will do as soon as he finds a pen, as the state of public health signals that South Afric
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30 Apr 2024

Real estate agents warned of licensing risks over BEE compliance

After ratcheting up pressure on licensed financial services providers (FSPs) to comply with transformation targets, government has turned its attention to real estate agents. In a letter to the industry this month, the Property Practitio
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30 Apr 2024

Eskom successfully appeals R16 billion tender judgment

Eskom has successfully appealed a high court judgment that set aside and declared unlawful tenders worth about R16 billion that were to provide maintenance and outage repair services at its 15 coal-fired power stations. The tenders were
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30 Apr 2024