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Tuesday, May 20, 2025

Yogashen Pillay

Journalist

Transnet partners with Grindrod to enhance container capacity at Richards Bay

Transnet National Ports Authority has signed a R285 million agreement with Grindrod Eyamakhosi Joint Venture to develop a new container handling facility at Richards Bay Port, significantly increasing its capacity and supporting regional economic growth

Business Report Economy
Yogashen Pillay|Published

Expert insights on Enoch Godongwana's upcoming budget speech in South Africa

Discover the mixed expert opinions on Finance Minister Enoch Godongwana's upcoming budget speech, as South Africa faces economic challenges and critical decisions.

Weekend Argus News
Yogashen Pillay|Published

Experts weigh in as South Africa prepares for critical budget speech 3. 0

Experts share their insights ahead of Finance Minister Enoch Godongwana's upcoming budget speech.

Business Report Economy
Yogashen Pillay|Updated

Ramaphosa and Trump meeting seen as pivotal for US-South Africa trade relations

President Cyril Ramaphosa's meeting with Donald Trump this week is pivotal for South Africa's trade relations and economy, amidst geopolitical challenges and domestic issues.

Business Report Economy
Yogashen Pillay|Published

UNTU prepares for possible strike as Transnet wage negotiations reach deadlock

Transnet's wage negotiations with the United National Transport Union remain at a standstill, with UNTU threatening industrial action if a revised salary offer is not presented by the CCMA by Monday.

Business Report Economy
Yogashen Pillay|Published

Nampo Harvest Day triumphs with engaging discussions and robust exhibitor presence

Grain SA reports a successful NAMPO Harvest Day 2025, featuring significant attendance and discussions on agricultural innovation, safety, and economic growth, with notable participation from President Cyril Ramaphosa and major car manufacturers

Business Report Economy
Yogashen Pillay|Published

Agricultural innovation takes centre stage at Nampo Harvest Day 2025

At NAMPO Harvest Day 2025, agricultural experts discuss the challenges and opportunities facing South Africa's farming sector, highlighting the importance of resilience and innovation in a changing global landscape

Business Report
Yogashen Pillay|Published

South Africa faces increased unemployment as youth joblessness reaches alarming levels

South Africa's unemployment rate has surged to 32. 9% in the first quarter of 2025, with youth unemployment reaching a staggering 46. 1%. Trade unions and experts express deep concern over the job crisis, calling for urgent government action and reform to address the growing challenges in the labour market

Business Report Economy
Yogashen Pillay|Published

Nampo Harvest Day kicks off, spotlighting the future of South African agriculture

Nampo Harvest Day 2025 kicks off in Bothaville, showcasing the latest agricultural innovations and fostering connections among producers, agribusinesses, and policymakers. This year's theme, 'Global Agriculture, Locally!', highlights the importance of local producers in a rapidly changing global landscape.

Business
Yogashen Pillay|Published

Experts remain divided on potential interest rate cut as consumer inflation falls to 2. 7%

With inflation at its lowest since 2020, economists and debt experts weigh in on the likelihood of an interest rate cut in South Africa this May, highlighting the ongoing financial pressures faced by consumers.

Business Report Economy
Yogashen Pillay|Published

Spead of foot and mouth disease outbreak threatens South Africa's red meat exports

Farming associations raise alarms over the impact of the Foot and Mouth Disease outbreak on South Africa's red meat export industry, as China suspends imports, threatening livelihoods and economic stability.

Business Report Economy
Yogashen Pillay|Published

Outbreak of Foot and Mouth Disease spreads from KZN to Mpumalanga and Gauteng

The Department of Agriculture has confirmed new cases of Foot and Mouth Disease in Mpumalanga and KwaZulu-Natal, prompting heightened control measures and a suspension of imports by China. .

Business Report Economy
Yogashen Pillay|Published

Agricultural machinery sales on the rise, signalling optimism in farming

April 2025 marks a significant increase in agricultural machinery sales in South Africa, with tractor and combine harvester sales showing remarkable year-on-year growth. Experts attribute this positive trend to improved agricultural conditions and farmer confidence

Business Report Economy
Yogashen Pillay|Published

Transnet and UNTU set to resume wage negotiations in effort to avert workers' strike

Transnet and the United National Transport Union (UNTU) are set to engage in crucial wage negotiations this week to prevent a potentially crippling strike, following a recent intervention by the Commission for Conciliation, Mediation, and Arbitration (CCMA)

Business Report Economy
Yogashen Pillay|Published

FAO food price index rises slightly amid mixed commodity outlook

The FAO Index for April 2025 shows a 1% increase in global food prices, driven by rising costs in wheat, maize, meat, and dairy, while sugar prices decline amid economic uncertainty.

Business Report Economy
Yogashen Pillay|Published

India-Pakistan escalating tension could reverberate globally, affecting South Africa

Experts warn that escalating tensions between India and Pakistan could have significant economic implications for South Africa and the global market, particularly within the BRICS framework

Business Report Economy
Yogashen Pillay|Published

South Africa prioritises digital inclusion for rural and disadvantaged areas

Deputy Minister Mondli Gungubele highlights South Africa's commitment to enhancing internet access for rural communities, addressing the challenges of digital governance and the impact of AI on the workforce

Business Report Economy
Yogashen Pillay|Published

Fuel price decrease brings relief to South African households and businesses

South Africa's recent petrol price decrease has been met with optimism from economists and trade unions, highlighting its potential benefits for households, businesses, and the agriculture sector.

Business Report Economy
Yogashen Pillay|Published

Agri-industry raises concerns over declining production of sorghum in South Africa

Explore the challenges facing South Africa's sorghum industry, including declining production, weak consumer demand, and the potential for biofuel markets. Experts discuss the need for innovation and market development to revive this vital crop

Business Report Economy
Yogashen Pillay|Published

Transnet calls for proposals to enhance Durban port with new fresh produce terminal

Transnet National Ports Authority has issued a request for proposals for a terminal operator to develop a multi-purpose terminal at the Port of Durban, aimed at enhancing efficiency and competitiveness in handling fresh produce and break bulk cargo.

Business Report Economy
Yogashen Pillay|Published

Maize crop forecast rises as farmers welcome promising outlook for 2025

The Crop Estimates Committee's April 2025 report reveals a promising increase in South Africa's maize production, with experts weighing in on the implications for farmers and the agricultural sector.

Business Report Economy
Yogashen Pillay|Published

IMF warns of global debt levels surge amid rising geopolitical tensions and trade volatility

The International Monetary Fund (IMF) highlights the urgent need for fiscal reforms as global debt levels rise, exacerbated by trade tensions and economic uncertainties. This article explores the implications for countries worldwide and offers insights from experts on navigating these challenges

Business Report Economy
Yogashen Pillay|Published

South African agriculture poised to weather Trump's tariff storm

Explore how South Africa's agricultural sector can adapt to the proposed tariffs by the Trump administration, focusing on export diversification and strategic negotiations to safeguard economic interests.

Business Report Economy
Yogashen Pillay|Published

Richards Bay Coal Terminal achieves record cargo handling as efficiency surges

Transnet Port Terminals' Thula Dlamini shares insights on the significant efficiency improvements at Richards Bay Terminals, celebrating a milestone of 30 million tons and outlining future growth strategies.

Business Report Economy
Yogashen Pillay|Published

South Africa's Budget Speech Set for 21 May: Key Insights from Finance Minister Godongwana

Finance Minister Enoch Godongwana announces the date for the third Budget speech, addressing the recent VAT reversal and outlining the government's approach to fiscal sustainability amid coalition politics

Business Report Economy
Yogashen Pillay|Published