South Africa

The world is entering an era of new economic challenges, even as the recent ones have yet to be overcome, says South African Reserve Bank (SARB) Governor Lesetja Kganyago.

The Special Tribunal has reviewed and set aside two Independent Development Trust (IDT) contracts, worth some R1.6 billion, and has ordered the five companies, who received the contracts, to pay back all profits gained from the contracts.

South Africa’s position at the 21st African Growth and Opportunity Act (AGOA) Forum was to reset and create partnerships with an emphasis on industrialisation, building a capable state and job creation.

South African swimmer Tatjana Smith has bagged the nation’s first gold medal at the 2024 Paris Olympics, putting on a glittering performance in the women’s 100m breaststroke.

Rand Water will this evening wrap up the final phase of its month-long proactive maintenance, which commenced last month.

The Department of Minerals and Petroleum Resources has expressed confidence that a suitable investor will come on board and “be able to monetise” gas discoveries off the south coast of South Africa.

Transnet says it is making “considerable progress” in the implementation of reforms in accordance with the Freight Logistics Roadmap and the Guarantee Framework Conditions issued to Transnet by National Treasury.

With the President signing into law the Pension Funds Amendment Act (31 of 2024), National Treasury has urged fund members to seek trustworthy financial advice to consider the implications for withdrawals from the savings component.

The Department of Forestry, Fisheries and the Environment (DFFE) has asserted that it has not conducted any “secret meetings” with business on the review of the country’s climate change commitments.

Minister of Energy and Electricity Dr Kgosientsho Ramokgopa has moved to assure South Africans that the department is committed, together with the South African Local Government Association (SALGA) and municipalities, to finding an enduring solution to the rising cost of electricity in South Africa.

National Treasury, the Financial Sector Conduct Authority (FSCA) and the National Consumer Financial Education Committee (NCFEC) has called on organisations and individuals to participate in the Money Smart Week South Africa (MSWSA) 2024 campaign.

The Gauteng Provincial Government has officially launched its e-Panic app (Gauteng e-Panic) as part of the province’s commitment to prioritise the safety and security of citizens and communities.

In further efforts to prevent the spread of Foot and Mouth Disease (FMD), the Department of Agriculture has declared a Disease Management Area (DMA), which includes part of the Kouga and Kou-Kamma Municipalities in the Eastern Cape.

Employment and Labour Minister Nomakhosazana Meth has commended the signing into law of the Companies Amendment Act by President Cyril Ramaphosa.

The National Water and Sanitation Youth Indaba has thrust into the spotlight the inclusion of young professionals in research and innovation to improve the water sector.