English

Economics at timeslive.co.za

Tuesday, Sep 30

17

Contractor says Joshco has not paid since June for work done

www.timeslive.co.za

A contractor hired by Johannesburg social housing company (Joshco), Mbewenhle Projects, says it had to pay employees R500,000 from its own pocket due to Joshco not paying for the completed services for three months.

15

80,000 jobs lost in Q2: Stats SA

www.timeslive.co.za

South Africa’s job market took a hit in the second quarter of 2025, with total employment falling by 80,000 jobs, a 0.8% decline from March to June.

Here are the fuel prices for October

www.timeslive.co.za

There is a slight increase in petrol prices and a small drop in diesel prices for October, minister of minerals and petroleum resources Gwede Mantashe has announced.

13

‘Ashamed’ Tom Watson apologises to Europe for ‘rude, mean-spirited’ US Ryder fans

www.timeslive.co.za

Europeans subjected to jeering and heckling throughout the matches, even while preparing to hit shots.

10

Firing allowed, training is not: Trump administration shares shutdown plans

www.timeslive.co.za

US President Donald Trump’s administration started detailing its plans on Monday for which services it will pause if the federal government shuts down this week, with the health department slated to furlough 41% of its workforce.

Monday, Sep 29

22

EXPLAINED | What are Democrats’ and Republicans’ positions in US government shutdown fight?

www.timeslive.co.za

Government funding will lapse if Democrats and Republicans cannot reach a compromise by midnight on Tuesday

14

Legacy carmakers win consumer trust in latest JD Power ranking

www.timeslive.co.za

The latest JD Power 2025 US automotive brand loyalty study released this week shows Porsche, Mercedes-Benz, Toyota, Lexus, BMW, Honda, Subaru and Ford enjoy commitment from US customers.

11

RECORDED | SIU releases interim report on Tembisa Hospital probe

www.timeslive.co.za

The Special Investigating Unit will release an interim report on Tembisa Hospital investigation on Monday.

10

China introduces EV export permits to safeguard reputation abroad

www.timeslive.co.za

China will require export licences for electric cars from next year, the commerce ministry said on Friday, as it moves to curtail unfair competition from unregulated traders and safeguard the reputation of Chinese auto brands overseas.

US demand drives Toyota to eighth month of sales growth

www.timeslive.co.za

Toyota said on Monday its global sales grew for an eighth straight month in August, as continuing strong demand for some of its hybrid models in the US offset a weaker performance in Japan.

09

Mercedes-Benz creates new company from Silicon Valley chip unit

www.timeslive.co.za

Mercedes-Benz on Friday spun out into a new company a group of chip experts in Silicon Valley that is working on creating a new generation of computing brains for self-driving cars, drones and other vehicles.

UK pledges £1.5bn loan guarantee for Jaguar Land Rover

www.timeslive.co.za

Britain will back Jaguar Land Rover with a £1.5bn loan guarantee to help support its supply chain in the wake of the luxury carmaker's production shutdown after a cyberattack.

VW to restructure India operations as competition intensifies

www.timeslive.co.za

Volkswagen Group is restructuring its business in India, a key growth market for the carmaker where it wants to invest more but is grappling with policy changes and growing competition, according to an internal memo reviewed by Reuters.

Nigeria's oil union orders halt of gas supply to Dangote refinery over mass sackings

www.timeslive.co.za

Nigeria’s oil workers’ union has ordered members to cut off gas supply to the Dangote petroleum refinery, escalating a labour dispute after hundreds of workers were dismissed and threatening to disrupt fuel supply in Africa’s most populous…

08

Pentagon calls up 200 National Guard troops after Trump Portland announcement

www.timeslive.co.za

US defence secretary Pete Hegseth on Sunday ordered 200 Oregon national guard troops to be deployed under federal authority while the state filed a lawsuit challenging President Donald Trump’s move to send military forces into the…

Sunday, Sep 28

18

Madlanga commission declines to comment on reports that Motau wants to leave

www.timeslive.co.za

The Madlanga commission of inquiry has declined to confirm whether its chief evidence leader, Adv Terry Motau SC, has asked to leave.

14

'Backdoor' funding cuts possible by Trump administration, as Congress faces government shutdown

www.timeslive.co.za

With three days to go before a US government shutdown, an advocacy group that tracks federal spending warns that about $8bn approved by Congress for health care and education is at risk of going unused, held back by President Donald Trump…

10

Nigeria's oil union orders halt of gas supply to Dangote refinery over mass sackings

www.timeslive.co.za

Nigeria's oil workers' union has ordered its members to cut off gas supply to the Dangote Petroleum Refinery, escalating a labour dispute after the dismissal of hundreds of Nigerian workers.

Saturday, Sep 27

15

Postbank worried about 3-million social grant beneficiaries after Sassa ends deal

www.timeslive.co.za

Embattled Postbank says while it will respect a high court ruling throwing out its urgent application seeking to force Sassa to uphold a service agreement it is concerned about the impact this will have on three-million social grant…

Friday, Sep 26

19

How the JLR shutdown is driving suppliers to cut jobs and reduce hours

www.timeslive.co.za

Jaguar Land Rover's production shutdown after a cyberattack is hitting businesses in Britain's West Midlands region, a survey showed on Friday, with firms already making redundancies or cutting staff hours in response.

17

16,000 Sars e-filing profiles hacked, taxpayers hit hard

www.timeslive.co.za

The Office of the Tax Ombudsman is investigating 16,000 South African Revenue Service e-filing profile hijackings that has seen taxpayers lose their tax refunds to cyberfraud criminals.

Nigeria approves Shell, Agip buyout of TotalEnergies' stake in Bonga oilfield

www.timeslive.co.za

Nigeria's oil regulator has approved a $510m (R8.90bn) deal by TotalEnergies to sell its entire 12.5% interest in oil mining lease 118, which hosts the offshore Bonga oilfield, to the field's operator Shell and Agip, the agency said on…

Domestic workers’ wages fall short amid rising costs: report

www.timeslive.co.za

The eighth annual Sweepsouth Report on Domestic Workers Pay and Conditions, released in September, reveals 40% of domestic workers earn below the national minimum wage.

16

Gold price surges to new high on global uncertainty

www.timeslive.co.za

The gold price surged to a new high of $3,720 an ounce this week, the highest level since 1979, underscoring its safe status for investors and central banks.

15

Mauritius picks IMF economist Thakoor as new central bank governor

www.timeslive.co.za

Mauritius said on Thursday longstanding International Monetary Fund economist Priscilla Muthoora Thakoor will be its new central bank governor, after the previous governor was asked to step down following divisions at the bank.

REVIEW | Why the Audi RS3 Sedan is set to be a modern classic

www.timeslive.co.za

The Audi RS3 is the only remaining production car with a five-cylinder engine, and the German carmaker is set to retire the 2.5l unit in 2027 when tougher emission regulations come into force in Europe.

14

Botswana economy suffers steep contraction in Q2 on diamond woes

www.timeslive.co.za

Botswana's economic output fell sharply in the second quarter, reflecting a steep decline in output from its key diamond industry, data from the statistics agency showed on Friday.

Meta to launch ad-free Facebook and Instagram subscriptions in UK

www.timeslive.co.za

Apple and Alphabet's Google have also made changes in response to privacy demands, reshaping how online advertising works.

13

Prosus' OLX to buy French online car sales classified platform

www.timeslive.co.za

Prosus wants to strengthen its presence in Europe and complement its planned acquisition of meal delivery company Just Eat Takeaway.

12

Women20 summit to gather global leaders in Joburg to mainstream gender in G20 talks

www.timeslive.co.za

Johannesburg will host global women leaders, policymakers and civil society representatives next month for the Women20 South Africa summit, which aims to put gender equality and women’s economic empowerment at the centre of G20 discussions.