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Category: Business & Economy
Business & Economy
Trump Fires Top Economic Official Amid Market Turmoil and Tariff Fallout

President Donald Trump has dismissed the head of the agency responsible for publishing key economic data, following a disappointing jobs report that added to growing concerns over the administration’s aggressive tariff strategy.   Announcing the firing on social media, Trump claimed—without offering evidence—that the commissioner had manipulated job numbers for

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August 2, 2025 No Comments
Business & Economy
Egypt and South Africa Commit to Stronger Development Ties at G20 Meeting

Egypt and South Africa have reaffirmed their commitment to work more closely on development goals and align their positions on both regional and global challenges. The announcement came after a meeting between senior ministers from both countries on the sidelines of the G20 Development Ministerial Meetings.   Egypt’s Minister of

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July 27, 2025 No Comments
Business & Economy
Unions Slam Light Sentence in R66 Million Transnet Fraud Case

A businessman from Gauteng has been sentenced to five years in prison for his role in a R66 million fraud scheme involving Transnet, sparking outrage from labour unions over what they describe as a soft punishment for a serious crime.   Yakub Ahmed Suleman Bhikhu was convicted on 81 charges

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July 24, 2025 No Comments
Business & Economy
An infrastructure-led approach to resolving Cape Town’s congestion issues

By Olebogeng Manhe, Chairman of the Gap Infrastructure Corporation (GIC)   For a city celebrated as Africa’s tourism capital and the Silicon Valley of South Africa, Cape Town faces a major threat to its continued success in the form of paralysing traffic. A combination of fast-growing population numbers, the return

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July 21, 2025 No Comments
Business & Economy
Treasury Pushes Back Against Criticism Over SANDF Funding

The National Treasury has dismissed claims that it is to blame for the South African National Defence Force’s (SANDF) ongoing financial troubles, following pointed remarks by Navy Chief Admiral Monde Lobese.   During a recent meeting of the Joint Standing Committee on Defence, Lobese accused Treasury of undermining the SANDF,

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July 20, 2025 No Comments
Business & Economy
Macsteel Begins Retrenchments as Global Steel Pressures Mount

Macsteel Begins Retrenchment Process Amid Global Steel Market Pressures MDNNews has learned that Macsteel has begun retrenching portions of its workforce, as the company navigates mounting challenges in the global steel market. An employee, speaking on condition of anonymity, confirmed that the retrenchment process is already under way internally. Macsteel

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July 15, 2025 No Comments

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