Moët Hennessy Louis Vuitton (LVMH) CEO Bernard Arnault, the world’s richest man, lost $11.2 billion (R216 billion) in 24 hours this week. ALSO READ | Elon Musk: Did you know he is a father of 10? However, the 74-year-old Frenchman is still wealthier than South Africa-born Elon Musk. Musk remains the second richest man in the world with […]

The inflation statistics revealed by StatsSA on Wednesday are not merely numbers – they are glaring symptoms of an unrelenting cost of living crisis gnawing at the core of South African households, according to the DA. DA Shadow Minister of Finance Dr Dion George says the official inflation rate, which surpassed 6.8% on a year-to-year […]

The Road Accident Fund (RAF) is refusing to hand over crucial documents required in a court challenge by the Law Society of South Africa (LSSA) and the National Council of and for Persons with Disabilities (NDPD) against drastic changes to what the fund will pay road accident victims. The Law Society of South Africa and […]

Cape Town Mayor Geordin Hill-Lewis has concluded a signing agreement to make Cape Town and Nairobi sister cities, with a shared mission to be the ‘undisputed economic hubs’ of their respective regions on Tuesday. The ceremony took place in Nairobi with the Governor of Nairobi City County Johnson Sakaja in attendance. Mayor Hill-Lewis was adamant […]

Reuters: The South African Rand strengthened on Monday amid relief that South Africa’s credit rating was not downgraded and bets on a large interest rate hike, with a central bank announcement the main focal point of the week. SOUTH AFRICAN RAND STRENGTHENED At 1001 GMT, the rand traded at 19.2500 against the dollar, about 1.08% […]

An indigenous South African plant, the Agapanthus Blackjack, has been named the Plant of the Year at the prestigious Chelsea Flower Show in London, UK! Andy de Wet, who has been instrumental along with Quinton Bean in producing the plant, announced on Facebook: “WE WON!!!! Agapanthus BLACKJACK! Plant of the year at the Chelsea Flower […]

A trading account is necessary for investors and traders who want to participate in the financial markets. It lets you buy and sell stocks, bonds, options, and other financial instruments. With so many different trading accounts available, choosing the right one for your needs can be overwhelming. In this article, we will discuss the different […]

One of the biggest challenges that business owners face is budgeting for future investments and ensuring that the company has enough money. Running a company is no easy feat. Just ask any new entrepreneur who had to neglect their social life in order to stay late at work and take care of the paperwork. It […]

Tourism body warned that this would threaten species and actually lose money for the Zambian economy. Excavation for a vast open cast copper mine in the heart of the Lower Zambezi National Park has begun. The bulldozers’ move into Zambia’s pristine wildlife sanctuary and famous tourist attraction follows a decade-long fight by activists trying to […]

Infrastructure-led development is one of the main focus in Africa. The African Union’s flagship Agenda 2063 initiative prioritises it. Infrastructure-led development is one of the main focus in Africa. The African Union’s flagship Agenda 2063 initiative prioritises large-scale infrastructure development and promises to “link the continent by rail, road, sea and air”. This is being […]

Those South Africans in debt are set to face further pain later this week with interest rates wildly expected to be hiked. Those South Africans in debt are set to face further pain later this week with interest rates wildly expected to be hiked. WIN | SOCCER QUIZ | FIVE simple answers could win you R500 […]

Consumers are under a lot of financial strain. The World Economic Forum reports that the cost-of-living crisis is affecting people across the globe. With food and fuel prices rising, it’s becoming increasingly difficult to keep financially afloat. On top of that, salaries aren’t keeping up with inflation, making it more difficult to save and build […]

Excavation for a vast open-cast copper mine in the heart of the Lower Zambezi National Park has begun. The bulldozers’ move into Zambia’s pristine wildlife sanctuary and famous tourist attraction follows a decade-long fight by activists trying to stop the mining. The move follows an about-turn by Zambia’s government environmental agency and by President Hakainda […]

The Supreme Court of Appeal has refused the Observatory Civil Association (OCA) permission to appeal the Western Cape High Court’s order dismissing the OCA’s application to interdict the River Club development. The City of Cape Town welcomes the SCA’s decision to protect this vital development that will hold enormous heritage, environmental, economic, infrastructural and other […]

Privately-owned airline, Airlink has announced that it will be increasing frequencies on a few local routes in South Africa. AIRLINK: MORE FLIGHTS TO MBOMBELA AND BLOEMFONTEIN In response to the demand for MORE flights on certain South African routes, Airlink will be upping frequencies. The additional flights will be on the Cape Town to Mbombela […]

Each month, 7.5% of workers’ salaries are deducted by the Post Office as a contribution to the Post Office Retirement Fund. The employer’s contribution is supposed to be 13.55% of each worker’s salary. But for three years, neither amount has been paid in by the South African Post Office (SAPO). The Post Office has been […]

GroundUp has received an instruction from its US-based internet hosting service to take down one of its own stories about dodgy lawyer Lesley Ramulifho after it received a breach of copyright complaint. Failure to comply would result in access to GroundUp’s website being restricted, GroundUp was warned in an email from Akamai Cloud Computing Services. […]

The National Department of Transport announced on Thursday that South Africa has granted Turkey’s Karpowership access to the three ports of Ngqura, Durban and Saldanha Bay for 20 years. The statement said the Minister approved the application on 26 February 2023, in consultation with and supported by the Transnet National Ports Authority (TNPA). The Turkish-owned […]

The Biden administration has ratcheted up protectionism and industrial policy amid surging economic tensions with China. The Biden administration has ratcheted up protectionism and industrial policy amid surging economic tensions with China. Legislation passed in 2022 unlocked hundreds of billions of dollars in subsidies to spur domestic production of renewable energy and electric vehicles, and […]

As the South African government appears to be trying to “clear the way” for Russian President Vladimir Putin to visit SA in August for the BRICS (Brazil, Russia, India, China, SA) Summit, the DA has again expressed concern over SA’s alleged sale of arms to Russia in December 2022, which recently came to light. Today […]

  Registered NPO FoodForward SA (FFSA), launched its Mother and Child Nutrition Programme, this week in Khayelitsha, Cape Town. The child-centred food intervention will be implemented in collaboration with Philani Nutrition Centre and is aimed at addressing the growing problem of malnutrition, especially during the first 1,000 days of a child’s life, in food-insecure households. […]

The semigration trend from Gauteng to other parts of the country – particularly the coastal regions of the Western Cape, Eastern Cape and KwaZulu-Natal – is creating massive property-investment opportunities in South Africa’s economic powerhouse province, with Pretoria performing particularly well. According to BetterBond’s first quarterly report for 2023, viewed from the perspective of first-time homebuyers, it […]

Minister of Transport Sindisiwe Chikunga has replied with a flat “no” to plans by the City of Cape Town to take over the passenger rail service in the city. The Passenger Rail Agency of South Africa (PRASA) has no intention of devolving the railway services, she told GroundUp during a visit to the Northern Line […]

Dwindling advertising from government is hitting community newspapers and stifling media diversity, says Mbali Dhlomo, editor of Intuthuko Newspaper in Durban. Advertising support from the government to community newspapers has been dwindling and, in some cases, has completely stopped. Community newspapers fear this could lead to further closures. The Association of Independent Publishers says these […]

The National Consumer Commission (NCC) has warned South African consumers to exercise caution when dealing with Milo Designs. The supplier seems to be a scam purporting to be an online store that designs and sells furniture, using different social media platforms. This comes after complaints from consumers alleging that they have been scammed by Milo […]