Liberty to be quizzed by regulator over cyber attack

19 June 2018, 7:02 AM
Insurer Liberty Holdings faced questions from South Africa's Information Regulator on Monday, a day after the company said it had become the victim of a cyber-attack.
China accuses Trump of ‘blackmail’ after new tariffs threat 19 June 2018, 6:20 AM

Beijing on Tuesday accused Donald Trump of "blackmail" and warned it would retaliate in kind after the US president threatened to impose fresh tariffs on Chinese goods, pushing the world's two biggest economies closer to a trade war.

Unions, Eskom to resume wage talks 19 June 2018, 5:49 AM

Wage talks between Eskom and unions are due to resume on Tuesday in Woodmead, north of Johannesburg. The National Union of Mineworkers (NUM), NUMSA and Solidarity are expected to take part.

BRICS summit to draft economic resolutions 18 June 2018, 4:16 PM

The Brics business council summit taking place outside Mokopane in Limpopo, is expected to draft economic resolutions for the advancement of business, to be adopted by all five member states

Share price reacts negatively to Liberty attack 18 June 2018, 2:18 PM

Shares in financial services group Liberty have fallen 5% on Monday morning. This after the company was hit by a data breach resulting in hackers attacking their computers and demanding cash.

Kimberley mine to retrench 150 miners 18 June 2018, 12:32 PM

The NUM in Kimberley has condemned the imminent retrenchments of about 150 Kimberley Ekapa Mining Joint Venture (KEM-JV) workers

NUM seeks to postpone wage negotiations 18 June 2018, 12:08 PM

NUM is reportedly seeking a postponement in wage talks with state-run power utility Eskom on Tuesday until next week.

Capitec, Nedbank and PIC on shortlist to buy Mercantile Bank 18 June 2018, 11:46 AM

Mercantile Bank Holdings Ltd said on Monday that South Africa's Capitec Bank, Nedbank Group and a consortium including the state pension fund had been shortlisted among its potential buyers.

Numsa says it hopes for positive outcome in Eskom’s renewed negotiations 18 June 2018, 8:27 AM

Power utility Eskom says it will resume wage negotiations with the unions on Tuesday.

Google building
Google to invest $550 mln in Chinese e-commerce giant 18 June 2018, 6:19 AM

Google will invest $550million in Chinese e-commerce powerhouse, part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including

Liberty CEO David Munro
Customers’ information, finances secure – Liberty 18 June 2018, 5:57 AM

Panic stricken Liberty customers have been reassured that there personal information and funds are safe.

No customers appear to have suffered financial loss: Liberty 17 June 2018, 8:26 PM

Liberty management says no customers appear to have suffered financial loss from the data breach after hackers attacked their computers and demanded cash.

Liberty Group hacked 17 June 2018, 4:14 PM

Liberty Group, whose products include accident cover, life insurance, funeral benefits and income protection, has been hacked.

Government to investigate fatalities at Sibanye 17 June 2018, 4:10 PM

Mineral Resources Minister Gwede Mantashe says the Acting Chief Inspector of Mines will be tasked with doing the investigation into the numerous fatalities at Sibanye Stillwater in 2018.

Electricity should be used sparingly: Eskom 17 June 2018, 2:51 PM

Electricity should be used sparingly for the next week to allow Eskom's power systems time to recover from industrial strike action last week.

Mantashe awaits report on safety at Sibanye mines 17 June 2018, 12:43 PM

Mineral Resources Minister Gwede Mantashe says a report on safety issues at Sibanye Stillwater Gold Mines is being compiled as the company has recorded the highest number of deaths this year.

NUMSA determined to settle wage increase negotiations 17 June 2018, 7:59 AM

The National Union of Metalworkers of South Africa (NUMSA) says they are optimistic that fresh wage talks with Eskom will yield positive results.

No further credit downgrades foreseen 16 June 2018, 3:01 PM

Economists do not foresee any further credit downgrades for South Africa unless there are unforeseen shocks in the external markets

Eskom’s 0% wage increase ‘off the table’ 16 June 2018, 7:03 AM

The 0% increment by Eskom has been taken off the table following a meeting convened by Public Enterprises Minister Pravin Gordhan. Gordhan’s ministry in a statement says that he called a meeting with the Eskom board‚ the management of the parastatal and of three labour unions‚ to deal with the problem.   Important considerations during […]

Fitch affirms South African rating but doubtful on Ramaphosa boost 15 June 2018, 7:38 PM

Fitch affirmed South Africa's sub-investment grade credit rating on Friday, citing signs of improvement in governance and prospects of a mild cyclical upturn, but also voiced worries about rising debt and difficulties at state-owned firms.

Internship centre assists youth to find jobs 15 June 2018, 5:09 PM

Any graduate can tell you about the anxiety of finding an internship.

Eastern Cape Phumulo Masualle
China has confidence in SA economy 15 June 2018, 3:50 PM

The Eastern Cape government has signed a memorandum of understanding with the Zhejiang province from China, where a business, friendship and export commitments were made.

Load-shedding in Polokwane 15 June 2018, 3:00 PM

The Polokwane Local Municipality in Limpopo has started to implement load-shedding following an instruction from Eskom

Eskom logo
Eskom interdicts striking workers 15 June 2018, 1:08 PM

Eskom has obtained a court interdict prohibiting striking employees from intimidating those who want to work.

Petrol pump
Petrol prices to increase in July: AA 15 June 2018, 11:51 AM

The Automobile Association says fuel prices look set for another jump going into July.

SA’s grid under pressure as electricity workers strike 15 June 2018, 9:11 AM

South Africa's power grid remains under pressure on Friday, with controlled blackouts possible, due to workers striking over pay, a test of new President Cyril Ramaphosa's efforts put the state electricity provider back on a stable financial footing.

SA mining production declines 15 June 2018, 6:08 AM

Mining production contracted for the second consecutive month year-on-year.

Glencore protest
Numsa members down tools at Glencore mine 14 June 2018, 5:23 PM

About 2000 workers affiliated to Numsa at Glencore in Emalahleni Mpumalanga have downed tools.

Fitch Ratings company logo
SA’s land redistribution debate concerns Fitch rating agency 14 June 2018, 4:03 PM

The land redistribution debate will likely be amongst the key concerns raised by Fitch rating agency when they issue a review on South Africa on Friday.

British engine maker Rolls-Royce cutting 4 600 jobs 14 June 2018, 2:15 PM

Rolls-Royce, the British maker of plane engines, said Thursday that it plans to cut 4,600 mainly British management roles by 2020 in a vast restructuring that has already resulted in thousands of job losses.

We cannot guarantee reliable power supply as workers protest: Eskom 14 June 2018, 1:50 PM

Eskom has warned that it cannot guarantee a secure power supply as workers stage protests at several of the utility's power stations and regional offices in different parts of the country.