Legal threats loom for NSFAS as new direct payments system struggles

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A roundup of news including a look at Ramaphosa’s views on Putin's Brics summit attendance in light of the ICC's arrest warrant for the Russian leader.

19 Jul 2023 6AM English South Africa Business News · Politics

[TOP STORY] Mining sector warns of rising costs and shrinking competitiveness

‘Electricity is an issue, from 1 April, electricity costs increased by almost 99% compared to the previous year,’ says Bongani Motsa, chief economist at the Minerals Council South Africa.

10 Apr 8AM 7 min

SA workers raid retirement savings as pressure mounts

Middle East conflict reverses mining cost relief, warns Minerals Council. Could surging energy costs push homeownership further out of reach? Closer, smaller, smarter: Fuel prices drive new office model.

10 Apr 6AM 30 min

[TOP STORY] Power costs threaten shutdown of SA’s only silicon producer

‘We've seen so many industries shut down in so many different ways, and they just don't ever return, and we won't see it come back,’ says Lucinda Hinxman, director and head of employment and labour at CMS South Africa.

9 Apr 8AM 6 min

DA leadership contest heating up ahead of conference

SA’s China deal enters crunch phase. Polokwane jobs hang in the balance as SA’s only silicon metal producer threatens permanent closure, citing high electricity costs. And whether offshore or onshore, Sars is closing in on non-compliance.

9 Apr 6AM 31 min

[TOP STORY] Iran ceasefire offers short-term relief, long-term risks remain elevated

‘I think there's going to be a massive recalibration in the minds of not just the Americans, but of the regional powers as well, of how to respond to Iran,’ says Zeenat Adam, deputy executive director at the Afro-Middle East Centre.

8 Apr 8AM 7 min