News24’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country.
Africa’s biggest multilateral lender announced a $1.5billion (R24 billion) fund to boost grain production to help avert potential food shortages stemming from Russia’s war with Ukraine.
Posted: May 20, 2022, 7:07 pm
This will be done to preserve diesel stocks in an attempt to contain the amount of load shedding, Eskom said.
Posted: May 20, 2022, 6:34 pm
Sibanye-Stillwater said it provided striking unions with multiple options in hopes of clinching a wage deal.
Posted: May 20, 2022, 6:31 pm
It took a rate hike of a magnitude not seen in more than six years to put South Africa’s currency back among the emerging-market currency winners.
Posted: May 20, 2022, 6:01 pm
People experience inflation as sustained price increases, and the buying power of their money is eroded. But inflation rates may also be distrusted, writes Jannie Rossouw.
Posted: May 20, 2022, 5:58 pm
Public Enterprises Minister Pravin Gordhan says government will change the shareholder model of its commercial companies, to put them on a more commercial footing. Gordhan also gave a sneak preview of Eskom's financial results.
Posted: May 20, 2022, 5:55 pm
At the current oil price and rand levels, this means petrol may be hiked by more than R3.50 in the first week of June.
Posted: May 20, 2022, 5:44 pm
The climate and environmental justice attorneys say spurious allegations and irresponsible comments aim to intimidate, harass and silence their organisation.
Posted: May 20, 2022, 5:44 pm
Billionaire Elon Musk arrived in Brazil Friday, announcing a project to bring internet access to schools in the Amazon and improve satellite monitoring of the rainforest.
Posted: May 20, 2022, 5:18 pm
Mining companies have been granted another extension to comply with regulations linked to environmental rehabilitation.
Posted: May 20, 2022, 4:31 pm
Finance minister Rishi Sunak and his wife Akshata Murthy were included in a "Rich List" of the 250 wealthiest British residents published by a national newspaper on Friday.
Posted: May 20, 2022, 3:00 pm
South Africans seeking respite from high inflation and looming price increases should consider going vegan, drinking less alcohol and avoiding bread, according to Bank of America.
Posted: May 20, 2022, 2:30 pm
Naspers subsidiary Prosus has announced it is looking for a buyer for its Russian online classifieds business, Avito.
Posted: May 20, 2022, 2:24 pm
The strike at Sibanye-Stillwater gold operations is entering its 12th week. The company this week proposed a 5% profit share to close the gap between the parties
Posted: May 20, 2022, 1:42 pm
Elon Musk is due to arrive in Brazil on Friday to discuss "connectivity and protection of the Amazon" with far-right President Jair Bolsonaro's government, Communications Minister Fábio Faria announced in a tweet.
Posted: May 20, 2022, 1:19 pm
Eskom says a shortage of generation capacity has persisted, and Stage 2 load shedding will be implemented from 17:00 - 22:00 on Friday, Saturday and Sunday evenings.
Posted: May 20, 2022, 11:26 am
The Foschini Group – which also owns @home, American Swiss and various other retail brands – now expects its basic headline profit per share to be 403% to 413% higher for the year to end-March, compared to the previous year.
Posted: May 20, 2022, 11:24 am
Investors who lost billions of rands in Steinhoff's dramatic share price collapse will likely have to wait until 2023 to start receiving settlement payouts.
Posted: May 20, 2022, 11:22 am
David Kan, who passed away on Thursday, founded Mustek in South Africa.
Posted: May 20, 2022, 10:10 am
SA’s competition authority has recommended that Massmart’s sale of Cambridge Food, Rhino and Massfresh to Shoprite for R1.36 billion be approved.
Posted: May 20, 2022, 9:29 am