sabcnews.com business news headlines
Hoedspruit observing increasing numbers of international tourists
The small town of Hoedspruit in Limpopo is observing increasing numbers of international tourists. Tourists from Europe, South America and small islands such the Re-Union Island have been visiting the town and nearby Kruger National Park. The Eastgate landing strip in Hoedspruit welcome
Malawis tobacco revenue up 40% despite drought
Malawi recorded a 40% increase in sales of tobacco, its biggest export commodity, in the 2024 selling season, despite an El Nino-induced drought, the countrys industry regulator said on Saturday. The Malawi Tobacco Commission (TC) said sales volumes had increased 10% during the season,
Treasury notes Fitchs affirmation of SAs BB- debt rating
The National Treasury says it has noted rating agency Fitchs decision to affirm the countrys long-term foreign and local currency debt ratings at BB- with a stable outlook. The BB ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in
Transnet infrastructure damage is economic sabotage: Masemola
National Police Commissioner, Lt Gen. Fannie Masemola says damage to Transnet infrastructure constitutes economic sabotage. He says this is because Transnet pipelines service an annual average of 16 billion litres of liquid fuel, and more than 450 million cubic metres of gas at about 25
UIF commissioner Teboho Maruping suspended
Unemployment Insurance Fund ( UIF ) commissioner Teboho Maruping has been suspended. The Ministry of Employment and Labour says the Commissioner was placed on precautionary suspension due to the nature of charges he is facing. It is alleged that Maruping played a role in the co
Flights resume at King Phalo Airport after weather, navigation issues
Flights have resumed at King Phalo Airport in East London after Thursdays cancellations were caused by gloomy weather and problems with the navigation system, which prevented flights from taking off or landing. Provincial Transport Spokesperson Unathi Binqose says since the weather has
Critics of nuclear must use scientific arguments: Ramokgopa
Electricity and Energy Minister Dr. Kgosientsho Ramokgopa says political leaders and policymakers who have allowed corruption, inefficiency, and non-scientific factors to interfere with the nuclear process have tarnished the reputation of the technology. Ramokgopa was addressing a semin
Tech takes stocks higher as ECB prepares for rate cut
Share markets enjoyed a fourth straight day of gains on Thursday as the prospect of another ECB rate cut pinned shorter-term euro zone borrowing costs near to their lowest level since the end of 2022, and the euro to a 4-month nadir. An overnight rally in supersized US tech stocks and a
Municipality to challenge Eskoms move to seize its bank accounts
The Emfuleni Local Municipality has promised to challenge Eskoms decision to attach the municipalitys bank accounts to recover R8 billion in unpaid debt. Eskom s decision comes after the municipality failed to comply with a debt relief program. The power utility says it has exhausted al