Eskom warns load shedding could persist throughout the weekend

6 December 2019, 4:00 PM
Energy Analyst Chris Yelland says Eskom's old and aging infrastructure and plants are the main reasons for the country's latest bout of load shedding, which is currently at stage four.
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DA warns load shedding could slide SA into recession 6 December 2019, 9:03 PM

Energy analyst Chris Yelland says the current load shedding will have an impact on the GDP in the fourth quarter if it continues for more than a week.

SAA workforce will remain employed: Board 6 December 2019, 9:38 AM

South African Airways board member, Martin Kingston has outlined the implications of the national carrier being placed under business rescue, saying the workforce will remain employed.

South African Airways is in business rescue: what it means, and what next 6 December 2019, 8:22 AM

South African President Cyril Ramaphosa has taken the decision to put South African Airways, the cash-strapped national flag carrier, into voluntary business rescue. Caroline Southey from the Conversation Africa asked Professor Marius Pretorius to explain how the process works.

Les Matuson appointed SAA Business Rescue Practitioner 5 December 2019, 9:40 PM

Les Matuson has been appointed as a business rescue practitioner in South African Airways (SAA) voluntary business rescue process.

SA aims to deepen economic dealings with Ghana 5 December 2019, 4:49 PM

President Cyril Ramaphosa has met with Ghanaian President Nana Akufo-Addo at Jubilee House, the presidential palace in Accra, to strengthen bilateral, political and economic relations

SAA
Union Solidarity welcomes government decision on SAA 5 December 2019, 4:32 PM

Trade union Solidarity has welcomed the adopted resolution by government to place embattled South African Airways on business rescue.

BOSASA auction
BOSASA properties auctioned for over R85 million 5 December 2019, 2:14 PM

Properties belonging to the African Global Group formerly known as BOSASA have been sold for a combined value of R85.5 million at an auction in Krugersdorp, west of Johannesburg.

‘Decision to place SAA on business rescue is the best way of saving airline’ 5 December 2019, 11:04 AM

Aviation Analyst, Guy Leitch says government's decision to place South African Airways (SAA) on business rescue is the best way of saving the airline.

Treasury to give SAA a guarantee to enable it to approach lenders 5 December 2019, 9:03 AM

The Public Enterprises Department has confirmed reports that national treasury will soon give South African Airways (SAA) a guarantee to enable it to approach lenders to get two-billion-rand of what it describes as post commencement finance.

Medium Term Budget Policy Statement and Adjustments Appropriation Bill passed 5 December 2019, 6:14 AM

The National Assembly has passed the 2019 Medium Term Budget Policy Statement and Adjustments Appropriation Bill.

Parliament confirms Ramaphosa ordered SAA to be placed under business rescue 5 December 2019, 5:48 AM

The Parliamentary Committee conducting an oversight of the airline has confirmed that President Cyril Ramaphosa has ordered that embattled South African Airways (SAA) should be placed under business rescue.

Union shocked by SAA voluntary business rescue reports 4 December 2019, 9:08 PM

Trade union Solidarity says the unconfirmed reports of South African Airways (SAA) going under voluntary business rescue, comes as a shock.

Algeria to block sale of assets to Total: State media 4 December 2019, 8:15 PM

Algeria’s state-owned Sonatrach will block Occidental Petroleum’s (OXY.N) deal to sell Anadarko assets in Algeria to Total, Algeria’s energy minister told state news agency APS on Wednesday.

SABC
SABC pays outstanding debt to local content providers 4 December 2019, 7:14 PM

The SABC says it has managed to pay the outstanding amounts owed to most of its local content providers.

Grand Parade loses appetite for Burger King 4 December 2019, 6:45 PM

Grand Parade Investments (GPI) Ltd, which holds the Burger King franchise in South Africa, said on Wednesday it was in talks to sell a stake in the business, without giving a reason.

Old Mutual, Moyo legal scuffle back in court 4 December 2019, 11:12 AM

Old Mutual and its former CEO Peter Moyo will be back in court on Wednesday morning.

PIC suspends legal proceedings against Steinhoff 4 December 2019, 9:40 AM

The Public Investment Corporation (PIC) says it has suspended legal proceedings against Steinhoff pending the finalisation of a mediation process.

Petrol price to increase by 22 cents 4 December 2019, 8:26 AM

The fuel price adjustments for this month will come into effect from midnight.

OUTA ready to defend itself against Myeni 4 December 2019, 7:43 AM

OUTA says it's ready to defend itself in the case that former South African Airways (SAA) board chairperson Dudu Myeni has brought against it.

Process of appointing Prasa board members at advanced stage: Mbalula 4 December 2019, 6:28 AM

Transport Minister Fikile Mbalula says the process of appointing permanent members of the Passenger Rail Agency of South Africa board is at an advanced stage.

Govt to seek ways of reducing electricity cost: Gordhan 4 December 2019, 6:01 AM

Public Enterprises Minister Pravin Gordhan says government will seek various ways of reducing the cost of electricity.

Gordhan rubbishes claims he is against transformation 3 December 2019, 9:21 PM

Public Enterprises Minister Pravin Gordhan has again rubbished claims by some opposition parties that the new Eskom Chief Executive Officer, Andre de Ruyter, was appointed because Gordhan is against transformation.

Debt owed to Eskom may balloon to R36 billion 3 December 2019, 8:55 PM

Eskom has warned that debt owed is likely to balloon to R36 billion by the end of next year, if municipalities fail to pay.

Cyril Ramaphosa
Ramaphosa undertakes working visit to 3 African countries 3 December 2019, 7:38 PM

President Cyril Ramaphosa is on a three-day West African tour. He has started his working visit to the Republic of Guinea on Tuesday. He'll then visit Ghana before ending his trip in Togo on Friday.

SAA strike
Numsa, SACCA reject claims it damaged SAA’s reputation 3 December 2019, 6:04 PM

Numsa and the SACCA reject the statement issued by the Department of Public Enterprises where it states that, “the strike initiated by Numsa and SACCA caused immense damage to the reputation, operations and the deterioration of finances at SAA”. 

Mining, manufacturing drag down GDP: Stats SA 3 December 2019, 6:02 PM

South Africa's Gross Domestic Product (GDP) contracted by 0.6% quarter-on-quarter in the third quarter of 2019.

PIC to resume legal action against Steinhoff should mediation fail 3 December 2019, 4:42 PM

PIC says it is ready to resume with legal action against Steinhoff should the mediation process between the two entities fail.

Vodacom building
MTN, Vodacom may face possible discrimination cases  relating to data pricing 3 December 2019, 11:18 AM

Competition Commissioner, Tembinkosi Bonakele, says they have cited possible discrimination cases relating to data pricing among MTN and Vodacom customers.

Phone with apps
‘Number of people are unable to afford current mobile data prices’ 3 December 2019, 8:44 AM

The Executive Director of ICT Africa, Alison Gillwald, says a large number of people who are unable to afford current mobile data prices are set to gain significantly from the Competition Commission's latest order to Vodacom and MTN.

Government to help ensure reduction of data prices: Patel 3 December 2019, 7:05 AM

Trade and Industry Minister, Ebrahim Patel says government is prepared to do what is necessary to help ensure the reduction of data prices in the country.