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Coca-Cola’s Bitter Pill: Massive Job Cuts and the Worsening State of South Africa’s Labor Market 📉

Coca-Cola's Bitter Pill: Massive Job Cuts and the Worsening State of South Africa's Labor Market   The recent announcement by Coca-Cola Beverages South Africa (CCBSA) to retrench over 600 workers is more than just a corporate restructuring story; it's a grim reflection of the profound challenges...

Investec Wealth & Investment Flags Renewed Confidence in South African Market in Q2 2025 Report

Johannesburg, South Africa – South Africa’s investment landscape appears to be entering a cautiously optimistic phase, according to the newly released Global Investment View Q2 2025 report from Investec Wealth & Investment International. The comprehensive outlook, which reflects sentiment from global investment strategists, presents...

Goodyear to Discontinue Manufacturing in South Africa: A Significant Loss for Jobs and the Economy

The news this past week that Goodyear South Africa intends to discontinue its tyre manufacturing operations at its Kariega (formerly Uitenhage) plant in Nelson Mandela Bay sent shockwaves through the local economy and labor unions. This move, which comes after 78 years of the...

Fuel Price Drop: A Welcome Relief for Consumers and Businesses

South African motorists and businesses are set to breathe a sigh of relief as the Department of Mineral Resources and Energy (DMRE) announces a significant drop in fuel prices for June. This comes after months of high fuel costs that have strained household budgets and increased operational expenses...

South African Reserve Bank Lowers GDP Forecast

The South African Reserve Bank (SARB) has revised its GDP growth forecast for 2025 downward from 1.7% to 1.2%. The central bank highlighted persistent electricity shortages, declining business confidence, and sluggish global demand as key reasons for the downward revision. In its quarterly Monetary...

April Trade Surplus Narrows to R14.1 Billion

South Africa recorded a trade surplus of R14.1 billion in April 2025, significantly down from R22.6 billion the previous month. The decline, according to data from the South African Revenue Service (SARS), was driven by a drop in mineral and manufacturing exports, particularly to...