South Africa's Department of Mineral and Petroleum Resources  has announced that the retail price of all grades of petrol will rise by three rand and 27 cents per litre, while diesel is set to increase by six rand and 19 cents per litre. The General Industries Workers Union of South Africa, GIWUSA, has condemned these increases calling them "a robbery in broad daylight,". They argue that workers as well as small businesses are forced to carry the burden of a global energy system characterised conflict, uncertainty and profit. The union is calling for a suspension of all fuel levies. In the context of global developments, how realistic are their demands?For more, Mametlwe Sebei -  President of General Industries Workers Union of South Africa (GIWUSA

South Africa's Department of Mineral and Petroleum Resources &nbsp;has announced that the retail price of all grades of petrol will rise by three rand and 27 cents per litre, while diesel is set to increase by six rand and 19 cents per litre. The General Industries Workers Union of South Africa, GIWUSA, has condemned these increases calling them "a robbery in broad daylight,". They argue that workers as well as small businesses are forced to carry the burden of a global energy system characterised conflict, uncertainty and profit. The union is calling for a suspension of all fuel levies. In the context of global developments, how realistic are their demands?For more, Mametlwe Sebei - &nbsp;President of General Industries Workers Union of South Africa (GIWUSA

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

SA Union calls for suspension of levies

Tensions continue to rise globally following recent launch of attacks in the Gulf by the United States (US) and Iran, as they continue to wrestle for control over the Strait of Hormuz. Washington today confirmed that the ceasefire with Iran is still holding. We reflect on the latest developments, including the United Arab Emirates comes under repeated missile and drone attacks in an escalating Gulf conflict.  Joining Thami Ngubeni is now is Prof Patrick Bond, Distinguished Professor of Sociology, University of Johannesburg

Tensions continue to rise globally following recent launch of attacks in the Gulf by the United States (US) and Iran, as they continue to wrestle for control over the Strait of Hormuz. Washington today confirmed that the ceasefire with Iran is still holding. We reflect on the latest developments, including the United Arab Emirates comes under repeated missile and drone attacks in an escalating Gulf conflict. &nbsp;Joining Thami Ngubeni is now is Prof Patrick Bond, Distinguished Professor of Sociology, University of Johannesburg

US Iran Ceasefire Holds as Strait of Hormuz Tensions Escalate

Inflation in Malawi has gone down over the past year, declining from a peak of 30.5% in March 2025 to 23.8% by March 2026. Although the country's the economy, like many other African economy remains vulnerable to external shocks amid the fluctuating global oil prices, data suggests that price stability is improving. Joining us now to unpack this further is Chifi Mhango, Chief Economist, Executive Director of Economic Research and Strategy at Don Consultancy Group (SA

Inflation in Malawi has gone down over the past year, declining from a peak of 30.5% in March 2025 to 23.8% by March 2026. Although the country's the economy, like many other African economy remains vulnerable to external shocks amid the fluctuating global oil prices, data suggests that price stability is improving. Joining us now to unpack this further is Chifi Mhango, Chief Economist, Executive Director of Economic Research and Strategy at Don Consultancy Group (SA

Malawi’s Inflation drops, signaling emergency of economic stability 

Major Japanese multinational automobile manufacturer, Nissan is set to invest $45 million in expanding production in Egypt rather than South Africa. Early this year the manufacturer announced that it is exiting vehicle manufacturing in South Africa, and sold its  Rosslyn plant to Chinese automaker Chery. Business leaders in the country have raised concerns about the state of manufacturing in South Africa, saying such departures weaken the country's manufacturing base, contributing to factory closures and job losses. They also criticised government policies for creating an environment that hinders the country's attractiveness for manufacturing investment. Joining Thami Ngunbeni to discuss this further is Dr Alex Mohubetswane Mashilo, Visiting Researcher at the Southern Centre for Inequality Studies, University of the Witwatersrand, Johannesburg

Major Japanese multinational automobile manufacturer, Nissan is set to invest $45 million in expanding production in Egypt rather than South Africa. Early this year the manufacturer announced that it is exiting vehicle manufacturing in South Africa, and sold its &nbsp;Rosslyn plant to Chinese automaker Chery. Business leaders in the country have raised concerns about the state of manufacturing in South Africa, saying such departures weaken the country's manufacturing base, contributing to factory closures and job losses. They also criticised government policies for creating an environment that hinders the country's attractiveness for manufacturing investment. Joining Thami Ngunbeni to discuss this further is Dr Alex Mohubetswane Mashilo, Visiting Researcher at the Southern Centre for Inequality Studies, University of the Witwatersrand, Johannesburg

SA Union calls for suspension of levies

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