India’s SpiceJet to give hiring preference to employees of Jet Airways

19 April 2019, 5:58 PM
India's SpiceJet Ltd said on Friday it will prioritize hiring employees of Jet Airways Ltd who are losing their jobs after the crisis-hit Indian airline halted all flight operations indefinitely this week.
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Govt brings forward Eskom bailout to avert default 19 April 2019, 4:00 PM

South Africa's government has had to bring forward the bailout of state power firm Eskom, after it rushed 5 billion rand to the struggling utility earlier in April to avert a default and said more cash could be needed soon.

Uber
Uber wins $1bn investment from Toyota, SoftBank fund 19 April 2019, 9:39 AM

Japanese car giant Toyota and investment fund SoftBank Vision Fund on Friday unveiled an investment of $1 billion in US company Uber to drive forward the development of driver-less ride-sharing services.

Jospeph Mathunjwa in front of the Amcu logo
Amcu strike at Sibanye Gold ends with wage agreement 18 April 2019, 6:27 PM

Trade union Amcu has reached an agreement with Sibanye-Stillwater after signing a three-year wage deal which sees salaries increase by R650 for the first year, R700 for the second and R825 for the third year.

Stella Ndabeni Abrahams
SABC bailout talks ongoing: Ndabeni-Abrahams 18 April 2019, 5:00 PM

Communications Minister Stella Ndabeni-Abrahams says her department is in ongoing discussions with National Treasury for a financial bail-out for the South African Broadcasting Corporation (SABC.)

Kulula airplane
Comair striking staff have to return to work 18 April 2019, 3:00 PM

The Labour Court in Johannesburg has reserved judgment on Comair's application to interdict the strike of workers affiliated to Numsa.

Numsa to defend Comair strike in labour court 18 April 2019, 1:16 PM

The National Union of Metalworkers will be in the Labour Court in Johannesburg on Thursday afternoon to defend their strike at Comair.

Sibanye-Stillwater, AMCU seal wage deal 18 April 2019, 6:02 AM

The five month strike by the Association of Mineworkers and Construction Union (Amcu) at Sibanye-Stillwater has ended after the two parties reached an agreement.

Airplane in the sky
Newcastle airport to boost business in the area 17 April 2019, 8:03 PM

The business community has hailed scheduled commercial flights between Newcastle and Johannesburg as a major boost to the regional economy.

Chickens
SANCU, EBieSA meet to discuss the poultry industry 17 April 2019, 7:27 PM

The South African National Consumer Union (SANCU) and the Emerging Black Importers and Exporter South Africa (EBieSA) say the proposed 82% import tariff hike on poultry products could increase local chicken prices.

Kusile Power Station’s Unit 3 produces its first power 17 April 2019, 10:01 AM

The Kusile Power Station Project, situated near eMalahleni in Mpumalanga, has reached a new milestone, Unit 3 was synchronised to the grid and produced its first power. 

BMW logo
BMW to recall 360 000 cars in China over Takata airbags 17 April 2019, 6:54 AM

Germany's BMW will recall 360 000 vehicles in China as part of the worldwide effort to root out defective airbags made by now-defunct Japanese supplier Takata, regulators in Beijing said.

Petrol
Inflation to stay within Reserve Bank’s target band 16 April 2019, 9:28 PM

Consumer price inflation is expected to stay within the South African Reserve banks 3 to 6 percent target band.

Akinwumi Adesina
Africa would be driving global growth in future: Adesina 16 April 2019, 8:56 PM

Stable electricity supply in Africa's economic powerhouses will be critical for the continents growth and development.

Tshepo Mahloele
Everything we did was above board: Tshepo Mahloele 16 April 2019, 4:51 PM

The CEO of Harith General Partners and chairperson of Lebashe Investment Group, Tshepo Mahloele, has continued to testify at the Commission of Inquiry into impropriety at the Public Investment Corporation (PIC) in Pretoria.

Scotia Talc mineworkers down tools 16 April 2019, 3:20 PM

Mineworkers at Scotia Talc Mine have downed tools in Barberton, Mpumalanga.

Bank of America reports higher profits, sees ‘solid’ US economy 16 April 2019, 2:42 PM

Bank of America reported higher first-quarter earnings on lower expenses and loan growth Tuesday, with executives describing US growth as still solid.

Zimbabwe nearly doubles bread price as economic woes mount 16 April 2019, 2:33 PM

The price of bread nearly doubled in Zimbabwe on Tuesday, another burden for citizens already struggling with a weakening currency and rising prices for basic goods.

CPI
SA CPI expected to increase 16 April 2019, 10:38 AM

South Africa's consumer price inflation rate for last month will be announced on Wednesday; with expectations for an increase to 4.6% from February's 4.1%.

PIC livestream image
WATCH: PIC Commission of Inquiry 16 April 2019, 10:03 AM

The PIC Commission of inquiry continues on Tuesday in Pretoria.

Fikiswa Mcanca
Employees who defy National Minimum Wage to be exposed 16 April 2019, 9:08 AM

Companies and individuals who don't pay workers according to the National Minimum Wage Act will soon be exposed.

African Bank President Akinwumi Adesina
African Bank President calls for the US to up its investments in Africa 16 April 2019, 6:31 AM

The President of the African Development Bank has called on the United States to up its investment game in Africa as he made the case for the world’s largest economy to look beyond traditional sectors on the continent.

AfDB optimistic about Eskom’s turnaround plan 16 April 2019, 6:08 AM

President of the African Development Bank Akinwumi Adesina has expressed his full confidence in the leadership of South Africa to shift the trajectory of Eskom for the better.

Mine workers inside a mine
Govt to empower new skills to former mine workers 16 April 2019, 5:44 AM

Millions of rand have been set aside by the Department of Labour's Unemployment Insurance Fund to train over 7 000 former mine workers and unemployed youth at the O.R Tambo region in the Eastern Cape.

coal mine
Eskom directly owns one coal mine: Gordhan 15 April 2019, 8:35 PM

Public Enterprises Minister Pravin Gordhan says Eskom directly owns one coal mine called Kilbarchan Colliery.

Google
EU approves tougher copyright rules in blow to Google, Facebook 15 April 2019, 3:45 PM

Google will have to pay publishers for news snippets and Facebook filter out protected content under new copyright rules aimed at ensuring fair compensation for the European Union's $1 trillion creative industries.

Lebashe lawyers lash out at Holomisa 15 April 2019, 1:10 PM

Lawyers representing the Lebashe Investment Group, have lashed out at UDM leader Bantu Holomisa for failing to give concrete evidence.

Foxconn boss hints at stepping away from frontline operations 15 April 2019, 12:41 PM

Foxconn boss, Terry Gou, hinted Monday he would soon step back from frontline operations while remaining at the helm of the major Apple supplier.

WATCH: The PIC Commission of Inquiry 15 April 2019, 10:22 AM

The PIC Commission of Inquiry resumes.

US Supreme Court to hear case on vulgar trademarks 15 April 2019, 7:37 AM

The US Supreme Court takes up Monday the government's refusal to register a trademark by a clothing line named "Fuct," and arguments should be, well, salty.

Tokyo stocks open higher on US rallies, cheaper yen 15 April 2019, 5:33 AM

Tokyo stocks opened higher on Monday, taking heart from rallies in New York and a cheaper yen against the dollar.