The Eastern Cape province in South Africa is currently facing a severe economic and employment crisis. According to the latest Quarterly Labour Force Survey, a staggering 83,000 jobs were lost in the province between January and March 2025.

Further job losses are expected in the coming months, with the Goodyear Tire and Rubber Company shutting down operations, while Aspen Pharmacare has announced 923 additional cuts on top of 208 jobs already lost earlier this year.

Thami Ngubeni spoke to the National Spokesperson for the Congress of South African Trade Unions (COSATU), Zanele Sabela.

The Eastern Cape province in South Africa is currently facing a severe economic and employment crisis. According to the latest Quarterly Labour Force Survey, a staggering 83,000 jobs were lost in the province between January and March 2025.
Further job losses are expected in the coming months, with the Goodyear Tire and Rubber Company shutting down operations, while Aspen Pharmacare has announced 923 additional cuts on top of 208 jobs already lost earlier this year.
Thami Ngubeni spoke to the National Spokesperson for the Congress of South African Trade Unions (COSATU), Zanele Sabela.

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

South Africa is experiencing a severe economic and employment crisis

Africa’s tourism and hospitality sector is showing strong growth, with hundreds of new hotels and resorts planned across the continent. A new report by the W Hospitality Group reveals that 675 hotels and resorts are currently in development in Africa, reflecting growing investor confidence in the region’s tourism potential and long‑term market prospects.


Our Reporter Lebogang Mabange has more.

Africa&rsquo;s tourism and hospitality sector is showing strong growth, with hundreds of new hotels and resorts planned across the continent. A new report by the W Hospitality Group reveals that 675 hotels and resorts are currently in development in Africa, reflecting growing investor confidence in the region&rsquo;s tourism potential and long‑term market prospects.
 Our Reporter Lebogang Mabange has more.

W Hospitality Group report shows 675 hotels and resorts currently in development across Africa

Rwanda plans to invest up to $6 billion in a nuclear power plant to secure reliable electricity supply and support long‑term economic growth. The country aims to deploy small modular reactors (SMRs) to expand its generation capacity and drive industrial development.


The East African nation hopes to have its first nuclear power facility operational around 2030, as part of its broader ambition to achieve high‑income status by 2050.


From March 2 to 9, 2026, a team from the International Atomic Energy Agency visited Rwanda to review the country’s progress in developing the required infrastructure and assessing its preparedness for the Rwanda Nuclear Power Programme.


Thami Ngubeni spoke to energy analyst Tshepo Kgadima.

Rwanda plans to invest up to $6 billion in a nuclear power plant to secure reliable electricity supply and support long‑term economic growth. The country aims to deploy small modular reactors (SMRs) to expand its generation capacity and drive industrial development.
 The East African nation hopes to have its first nuclear power facility operational around 2030, as part of its broader ambition to achieve high‑income status by 2050.
 From March 2 to 9, 2026, a team from the International Atomic Energy Agency visited Rwanda to review the country&rsquo;s progress in developing the required infrastructure and assessing its preparedness for the Rwanda Nuclear Power Programme.
 Thami Ngubeni spoke to energy analyst Tshepo Kgadima.

Rwanda to invest up to $6 billion in nuclear power plant

Rising global oil prices have forced South Africa’s low‑cost airline, FlySafair, to introduce a temporary fuel surcharge as it grapples with sharply higher jet‑fuel costs linked to the ongoing crisis in the Middle East. The airline says the price of Jet A1 fuel at South Africa’s coastal airports has surged by about 70% in just one week.


With no clear end in sight to the conflict, and continued volatility in global energy markets, FlySafair says the surcharge is necessary to sustain its operations and maintain service levels without compromising safety.


Thami Ngubeni spoke to Aviation Analyst Dr Guy Leitch.

Rising global oil prices have forced South Africa&rsquo;s low‑cost airline, FlySafair, to introduce a temporary fuel surcharge as it grapples with sharply higher jet‑fuel costs linked to the ongoing crisis in the Middle East. The airline says the price of Jet A1 fuel at South Africa&rsquo;s coastal airports has surged by about 70% in just one week.
 With no clear end in sight to the conflict, and continued volatility in global energy markets, FlySafair says the surcharge is necessary to sustain its operations and maintain service levels without compromising safety.
 Thami Ngubeni spoke to Aviation Analyst Dr Guy Leitch.

South Africa is experiencing a severe economic and employment crisis

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