SABC – South Africa News

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– South Africa

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News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa’s news leader.

  • As Eskom battles to keep the lights on, the power utility has reportedly been hit by another resignation. The post Another Eskom board member resigns appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..
  • Motorists can expect another slash in the price of petrol in October, however, diesel is likely to be more expensive. The Central Energy Fund says petrol may decrease by around one rand with diesel expected to rise between 12c and 17c per litre. The post Petrol price may decrease by R1 in October : The Central Energy Fund appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..
  • Some people from the mining communities in the Sekhukhune District in Limpopo are calling on the government to ensure that the mines benefit locals. The post Mining communities in Limpopo call on government to ensure mines benefit locals appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..
  • The number of unions affiliated to COSATU has declined from 18 to 16 – according to the union's financial report. The federation has been holding its 14th national conference at Midrand north of Johannesburg. The post The number of unions affiliated to Cosatu declines: Report appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..
  • World Bank President David Malpass on Wednesday warned that it could take years for global energy production to diversify away from Russia after its invasion of Ukraine, prolonging the risk of stagflation, or a period of low growth and high inflation. The post World Bank’s Malpass sees risk of stagflation, likely recession in Europe appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..
  • The heads of some of the world's top banks and asset managers will attend an investment summit in Hong Kong on November 2, the city's financial regulator said on Thursday, signalling a re-opening of the financial hub after strict pandemic-linked curbs. The post Wall Street titans to join November 2 summit in Hong Kong as COVID rules relaxed appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..
  • Sterling retreated again on Thursday from a sharp bounce against the dollar overnight, after the Bank of England announced unlimited bond purchases to shore up Britain's financial markets battered by the government's radical plans to cut taxes. The post Sterling slips back with euro on persistent UK fiscal angst despite BoE bond-buying appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..
  • Wall Street ended sharply higher on Wednesday following its recent sell-off, helped by falling Treasury yields, while Apple dropped on concerns about demand for iPhones. The post Wall Street ends sharply higher as Treasury yields dip appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..
  •  Employment and Labour Minister Thulas Nxesi says that his department will be taking steps to deal with the exploitation and abuse of domestic workers. The post Department taking steps to deal with exploitation of domestic workers: Nxesi appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..
  • Hotels, lodges and guest houses in Umhlanga, north of Durban, say the closure of popular beaches is costing them millions of rand in revenue. The post Closure of beaches in parts of Durban affecting holiday bookings appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..