Mining's jobs bloodbath a crisis

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Here's a round-up of the day's news, including the Home Affairs Minister on the visa backlog, jobs losses in the mining sector and an analysis of the opening of parliament address.

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

[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

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