Cape floods: Weather expected to get worse

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Here's a round-up of news updates, including the electricity minister on plans for a new nuclear power station, business confidence boosted by zero power cuts and thousands displaced by floods in the cape.

8 Jul 2024 6AM English South Africa Business News · Politics

[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

Do investment summits deliver for SA?

Iran ceasefire masks ongoing war risk. Is Trump hinting at an escalation in the Iran war, and what does that mean for the global economy? And how a 20% levy could change South Africa’s online gambling scene.

8 Apr 6AM 30 min

[TOP STORY] State blacklists 52 companies in long-overdue procurement crackdown

‘Under my leadership I've shown that we've gone from two being blacklisted in 22 years to 52 in 18 months and that's because we are having a lot more scrutiny on these projects,’ says Minister of Public Works, Dean Macpherson.

7 Apr 8AM 6 min

From eggs to electricity – why consumers aren’t feeling relief yet

Government blacklists 52 companies in major crackdown. Delay on Brazil agreement risks protein crisis for millions. Deep end drama: SA water polo conflict escalates.

7 Apr 7AM 32 min

[TOP STORY] Rising costs change how, not whether, South Africans travel

‘Cost of living pressure is a reality, and I think what they are doing is they are adapting their itinerary and their travel programme,’ says Cape Town Tourism CEO, Enver Duminy.

2 Apr 8AM 6 min