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A business news bulletin with interviews and insights from around the world. Monday to Friday 12-2 on SABC News channel 1-2:pm on @SABC3. Available on Plus.

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Gold One mine has fired 401 mine workers for what they say is an illegal sit-in.

#sabcnews

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The Automobile Association says it expects big fuel price cuts next week.

95 unleaded is expected to decrease by 53 cents a litre.

Diesel prices are expected to drop by at least 94 cents.

Paraffin will decline by around 95 cents.

#sabcnews

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Dr Kgosientsho Ramokgopa
says load shedding is set to continue. It stopped due to less demand from businesses over the holidays.

The minister says the energy availability factor is at 55.44%, below the 60% target.

#sabcnews

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The governments of Namibia and Botswana plan to connect the two countries with a railway line.

The line will run from Botswana’s coal fields to a port in Walvis Bay.

#sabcnews

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Poverty in the Eastern Cape remains a concern.

1000 children were diagnosed with severe malnutrition between 2021 and 2022. 120 children passed away because of this.

#sabcnews

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420 Post Office branches are set to be closed and around 6000 workers are set to be retrenched.

#sabcnews

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200 mineworkers are staging a protest underground at the Bakubung Platinum Mine in the North West.

They are protesting because they allege that pay conditions are bad and the mine wants to retrench 500 people.

#sabcnews

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The Purchasing Manager’s Index which gauges condition in the manufacturing sector has improved slightly to 48.2 index points

#sabcnews

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Transnet, through Richard’s Bay Terminals, says it will suspend the receiving of all cargo brought to the port by road.

The backlog is estimated at R5 billion rand.

#sabcnews

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The Department of Social Development has forfeited R67 million in unspent funds that were meant for SRD grants.

Over 1000 children have severe malnutrition in the Eastern Cape. 116 children’s have died of malnutrition in that province.

#sabcnews

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Standard Chartered Bank will pay a R42 million fine for the manipulation of the rand dollar exchange from 2007-2013.

#sabcnews

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Stats SA says the unemployment rate has decreased by 0,7 of a percentage point to 31,9 % #sabcnews

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Workers at Productivity SA have gone on strike at the government agency mandated to promote employment creation and growth.

#sabcnews

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The Constitutional Court dismissed an application made by the Road Accident Fund for leave to appeal a High Court order that interdicted it from refusing to pay medical expenses of victims who had already received medical aid payments.

Join @NzingaQ for more news.

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SAA’s interim CEO discusses the changes at the airline https://t.co/sAGRdgA0Nm

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FirstRand has appointed Mary Vilakazi as CEO. She will be on #sabcnews at 13:30 talking to @NzingaQ

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23% of the adult population in South Africa earn an income from grants

3.3% of adults earn more than R52 000 a month.

That’s according to BMR. They will speak to us at 13h30 on #sabcnews

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China’s online retail sales grew to $990 in the first six months of the year.
Gold and silver jewellery increased by 33.5%

#sabcnews

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Inflation slowed to 5.4% in June.

@XhantiPayi from PWC will explain what this means at 13h30 with @NzingaQ

Business, sport and weather, live on #sabcnews

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Your top business, general and sports news stories live now with @FrancisHerd #sabcnews