Latest News & Developments
recession
Economists warn of recession as Trump’s tariffs spark trade war
A wide range of economists are voicing alarm over President Donald Trump's steep tariffs on imports into the United States.
Oil prices nosedive over trade tensions and recession worries
Oil prices take a nosedive! Brent crude has plunged below $64 per barrel, marking a dramatic drop fueled by escalating US-China trade tensions.
Equities savaged as China retaliation to Trump tariffs fans trade war
Asian stocks plunged on a market "Black Monday" after China hit back at the US. with major tariffs, escalating a trade war that many fear could lead to a recession.
Drop in unemployment rate welcomed, but sustainable solutions must focus on the private sector
Despite small gains, South Africa’s unemployment crisis demands long-term private sector solutions
No fuel for water tankers as city is out of budget
According to Ednick Msweli, head of Water and Sanitation (EWS), his department’s maintenance money ran out. The EWS currently receives a budget of R256 million, but it needs R670 million.
From jobless to business owners: how one couple turned adversity into a successful roti venture
“I desperately needed to make a living for my family. At the time we could not even afford a loaf of bread. We also could not expect others who were also going through tough times to support us. ”
eThekwini Municipality postpones SMME support plans due to Ithala Bank’s legal troubles
eThekwini Municipality’s partnership with Ithala Bank to support SMMEs faces delays due to ongoing legal issues, impacting vital development plans.
How Ithala Bank’s liquidation threatens rural economies
Ithala Bank’s potential liquidation raises alarms among the Democratic Alliance and traditional leaders, who warn of devastating consequences for rural communities reliant on its services.
How Ithala SOC aims to drive economic growth in KwaZulu-Natal despite legal hurdles
Ithala SOC stands as a crucial partner in KwaZulu-Natal’s economic development, despite facing significant legal challenges that threaten its future.
eThekwini Municipality and Ithala: a new era for small business support
EThekwini Municipality is set to enter a three-year partnership with Ithala Development Finance Cooperation to enhance support for small, micro, and medium enterprises (SMMEs). Despite the initiative's potential, concerns regarding implementation and oversight have been raised by local councillors.
Transforming utility billing: eThekwini’s move to digital services
eThekwini Municipality’s Revenue Management Unit is launching an aggressive campaign to register customers for its e-Services platform, aiming to enhance utility billing and communication amidst postal service disruptions.
eThekwini Municipality to review audit committee member’s contract next week
Next Thursday, eThekwini Municipality will evaluate the contract renewal of an Audit Committee member, focusing on their contributions over the past three years.
Calls for action as hunger and health crises grow
Heala advocates for urgent discussions on hunger and food insecurity in South Africa, highlighting the need for policy reform and the expansion of the Health Promotion Levy to combat child hunger and improve public health.
Ethiopian spaza shops: restoring trust amid food safety concerns
Ethiopian spaza shop owners in Durban’s Canelands community come together to donate food parcels, expressing gratitude and solidarity following recent food safety tragedies.
Poverty in Zimbabwe fuelled by government neglect
Zimbabwe faces a dire festive season as economic collapse and government mismanagement leave the majority in poverty, while the elite indulge in extravagance.
Unemployment crises facing South African junior doctors
Explore the alarming trend of unemployment among newly qualified junior doctors in South Africa, as budgetary constraints and recruitment inefficiencies leave many without jobs despite a critical need for healthcare professionals.
Albany Kota Festival tour boosts job creation in informal sector
The event is a significant township economy initiative that will support the employment of more than 2 000 individuals in the country’s informal market.
Construction summit must resolve to engage dissatisfied black contractors
Exploring the systemic exclusion of black contractors in South Africa’s construction industry, this letter to the editor highlights the urgent need for engagement and policy reform to ensure equitable opportunities for all.
Construction summit must resolve to engage dissatisfied black contractors
Exploring the systemic exclusion of black contractors in South Africa’s construction industry, this letter to the editor highlights the urgent need for engagement and policy reform to ensure equitable opportunities for all.
KZN health department faces R4. 7 billion overspending crisis
KwaZulu-Natal’s Health Department is grappling with a staggering R4. 7 billion overspending crisis, exacerbated by historic budget cuts and staffing shortages, raising concerns over the sustainability of healthcare services.
KwaZulu-Natal’s unemployment rate rises despite national decrease
KwaZulu-Natal experiences job losses in the third quarter, contrasting with a national decline in unemployment rates.
How Cato Ridge poultry farm is driving job creation and agricultural innovation
The Cato Ridge poultry farm has transformed from a struggling enterprise to a thriving hub of job creation and agricultural innovation in eThekwini.
Cogta task team addresses salary pay curve concerns in eThekwini
Cogta-led task team finalises review of eThekwini’s salary benchmarks, addressing employee concerns and wage gaps across metro levels. Report with recommendations imminent.
Understanding money laundering in South Africa: how businesses can protect themselves
Explore how South African businesses can combat the rising threat of money laundering and protect their operations from criminal activities.
Insulin pen production stop: a blow to diabetes care in South Africa
Novo Nordisk's decision to stop insulin pen production poses a serious challenge to diabetes care in South Africa, where millions rely on these devices.