SABC News - South Africa


The drop in petrol prices comes at a time when consumers are facing increasing food and electricity prices as well as interest rate hikes.
Drop in petrol price only a slight relief: Economist

Friday 28 August 2015 16:25

Economists say a significant drop in the price of fuel will not bring significant relief to indebted South Africans.


Motorists will now pay 69 cents less for petrol and 54 cent less for diesel.
Some reprieve for motorists as petrol price to go down

Friday 28 August 2015 14:43

The petrol price will decline by 69 cents a litre for all grades from Wednesday. The Energy Department says the diesel price will drop by around 54 cents a litre.


S.Africa concerned about impact of economic slowdown on revenue

Thursday 27 August 2015 18:24

South Africa's government is concerned about its ability to raise revenue in the light of an economic downturn, Finance Minister Nhlanhla Nene said on Thursday.


Volkswagen’s footprint in South Africa continues to grow

Thursday 27 August 2015 16:43

In a massive vote of confidence in South Africa, leading car manufacturer Volkswagen will invest nearly R5 billion in building two new models at its Uitenhage plant in the Eastern Cape.


Woolworths'  full-year profits increase by 24.3%

Thursday 27 August 2015 16:01

Woolworths'  full-year profits increased by 24.3% with adjusted headline earnings rising to R3.75bn in the year ended 28 June 2015.


Rodney Man says China has no intention of colonising South Africa.
"China, SA relationship mutually beneficial"

Thursday 27 August 2015 11:55

Rodney Man says it is important for people to understand that while China is playing a role in the development of African countries, it is also looking to benefit.


'The risk of a recession is real': Economist

Wednesday 26 August 2015 20:52

Stanlib says South Africa should be concerned with increasingly frequent reports of widespread company restructuring, job cuts and retrenchments as this could be signalling the start of a recession.


Improved Proteas crush Kiwis to clinch series

Wednesday 26 August 2015 20:37

A much-improved all-round performance helped South Africa romp to a 62-run win over New Zealand, to clinch the series 2-1, in the third One Day International


Load shedding hits home on SA economy

Wednesday 26 August 2015 15:08

The shock of Eskom's load shedding has finally hit home, even as the China and terms-of-trade shocks are only starting to build.


 The Chinese government will be paying for Mandarin to be taught in SA schools.
Debate on introduction of Mandarin in schools rages on

Wednesday 26 August 2015 10:56

The Department of Basic Education says the introduction of the Chinese language, Mandarin, in schools is important in making learners global citizens.


SA's economic growth declined by 1.3% in the SQ

Tuesday 25 August 2015 20:36

South Africa's economy surprised on the downside when it shrunk by 1.3 per cent in the second quarter of 2015.


Rand strengthens over 1.5% on China rate cut

Tuesday 25 August 2015 19:41

South Africa's rand strengthened against the dollar on Tuesday after a rate cut from China revived an appetite for emerging market assets and as investors bank on renewed demand for commodities.


SA's Reserve Bank is driven by panic: Economists

Tuesday 25 August 2015 14:15

Economists say the statement by the Reserve Bank is driven by panic.


SA steel industry not efficient: Moeletsi Mbeki

Tuesday 25 August 2015 11:36

Moelesti Mbeki says he does not believe the 10% tariff increase in the steel industry will save jobs.


Rand hits record low, central bank mulls intervention

Monday 24 August 2015 20:51

South Africa's rand hit an all-time low and stocks fell sharply on Monday, as rising concerns about waning growth in China hit commodity-linked currencies.


Economic growth in the second quarter of 2015 is expected to remain soft.
SA’s economic growth set to remains weak: Analysts  

Monday 24 August 2015 20:21

South Africa's economic growth is expected to remain weak when Stats SA releases second quarter GDP figures on Tuesday.


More than 2 million S Africans have already submitted tax returns

Monday 24 August 2015 20:18

The South African Revenue Service (SARS) announced on Monday that it had passed the two million mark with almost 50% of income tax returns for the current tax season being filed.


Home Affairs Minister Malusi Gigaba says between January and July they processed 99% of about 250 000 ZSP applications
Gigaba happy with Zimbabwean Special Permit process

Monday 24 August 2015 16:43

Home Affairs Minister Malusi Gigaba says his department has made major strides in handling Zimbabwean Special Permits (ZSP).


Suspended Prasa CEO has been painted by the Public Protector report as corrupt.
Madonsela’s report reveals widespread corruption at Prasa

Monday 24 August 2015 16:13

Public Protector Thuli Madonsela has found evidence of widespread maladministration and impropriety in the awarding of tenders worth almost R3 billion at Prasa.


Czech fugitive, Radovan Krejcir has been found guilty by the Johannesburg High Court.
Lies won over the truth: Krejcir

Monday 24 August 2015 15:20

Czech fugitive, Radovan Krejcir, says he's likely to appeal his conviction on charges of attempted murder, kidnapping and intent to deal in drugs.


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