This marks the seventh consecutive month of annual decline reflecting the impact of high inflation on consumer spending.
The bloc has agreed to wide-ranging collaboration for the development of aircraft components and maintenance programmes.
The continent’s economies should seize the opportunity to better integrate into technology-intensive global supply chains and boost prosperity.
South African annual food inflation cooled to 11.1% in June from 12% a month earlier.
Youth unemployment remains high despite a 1% decline in joblessness during the second quarter of 2023.
These increases will mark the highest prices since December last year.
“The challenge is how we double the number of jobs that are created on the back of exports markets.”
Rail logistics problems have been cited among the key reasons for the drop in Exxaro’s profitability.
“This road will facilitate national, international and cross-border trade, contributing to a growth of the economy.” - Felipe Nyusi.
The International Copper Study Group predicts China's refined copper use to surge from 1.2% in 2023 to 2.6% in 2024
Nersa has issued the National Transmission Company South Africa SOC Ltd with a licence to operate its transmission system.
