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Business
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South Africa sees first interest rate hike in three years as inflation pressures mount
The South African Reserve Bank raised the repo rate to 7%, increasing pressure on consumers amid rising inflation and financial difficulties.
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Dana Spicer retrenchments spark strikes, economic alarm in the Bay
Retrenchments at Dana Spicer Axle in Nelson Mandela Bay prompt strikes, highlighting severe declines in manufacturing jobs and economic concerns.
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MADE IN THE BAY: Showcasing Nelson Mandela Bay’s global competitiveness
Nelson Mandela Bay’s ‘Made in the Bay’ initiative showcases local products & innovations to build region-of-origin identity & unlock markets.
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ButtaNutt Peanut Butter recalled in SA over dangerous aflatoxin levels
The National Consumer Commission has urgently recalled ButtaNutt peanut butter products manufactured on 15 January 2024 due to dangerously high aflatoxin levels. The contaminated products, sold across four provinces through Spar and Pick n Pay stores, pose serious health risks.…
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Unlock South Africa’s best-kept secrets: Your ultimate digital adventure guide
Planning the perfect South African getaway just became easier. Discover five spectacular regions in one comprehensive digital Destination Guide.
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Australian airline Qantas says millions of customers’ data leaked online
Qantas says millions of customers’ data leaked online in a major breach involving personal details from 5,7 million accounts.
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Coca-Cola SA may cut 680 jobs, close plants amid restructuring
Coca-Cola Beverages South Africa (CCBSA) is considering cutting up to 680 jobs and shutting some of its plants.
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SA Reserve Bank leaves key interest rates unchanged
The SA Reserve Bank’s Monetary Policy Committee has left the repo rate unchanged at 7%, keeping the prime lending rate at 10.5%.
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Rise of lab-grown diamonds sparks economic alarm in Southern Africa
Botswana and its southern African peers – nations that built much of their prosperity on diamonds – are scrambling to secure new sources of growth as cheaper, lab-grown alternatives disrupt the global market.
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Police strike on illicit trade: Over R100 million in counterfeit goods seized
Over one million counterfeit and illicit items – worth more than R100 million – were confiscated by the South African Police Service (SAPS), dealing a decisive blow to the illicit economy.
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