South African President Cyril Ramaphosa pledged to establish a “social compact” within 100 days to revive the economy and address various challenges, including high unemployment rates.
Author: Staff Writer
Capitec, South Africa’s largest retail bank, experienced a significant jump in its share price, rising by nearly 8%.
De Beers is engaged in talks with NUM to reach a settlement and avert a strike at Venetia.
Shareholders of Spar voted in favor of a resolution to allow the payment of non-executive directors’ fees after a freeze period.
South Africa has been awarded the Chairship of the Africa Green Hydrogen Alliance (AGHA), which aims to drive decarbonization through green hydrogen projects on the continent.
Over 150 pre-orders for Volvo EX30: Since the order books opened on June 8, there have been over 150 pre-orders placed for the Volvo EX30 electric SUV in South Africa.
Apple experienced a significant loss of $200 billion in market value within just two days due to reports of restrictions on iPhones in China.
South African Environment Minister Barbara Creecy expects the implementation plan for a R163.23 billion climate pact with wealthy nations to be finalized by the COP28 summit, starting on November 30th.
BYD’s expansion plans: Build Your Dreams (BYD), the world’s biggest electric-car maker, is in talks with the South African government to open a new factory in the country.
South Africa’s current-account deficit, which is the broadest measure of trade in goods and services, widened in the second quarter of the year.