Eskom to terminate contract with formerly Gupta-owned Tegeta

21 February 2020, 6:58 PM
Eskom says it will comply with the court order setting aside its R3.7 billion coal contract with the formerly Gupta-owned mining group Tegeta Exploration & Resources.
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AFASA concerned about the ongoing attacks on farmers 24 February 2020, 7:04 AM

The African Farmers Association of South Africa (AFASA) has expressed concern about the on-going attacks on farmers in the country.

No load shedding expected on Monday 23 February 2020, 9:36 PM

Power utility Eskom says no load shedding is expected on Monday due to the planned return of four generation units, as well as adequate emergency reserves.

Focus on Mboweni to make announcements on cannabis industry during Budget Speech 23 February 2020, 9:12 PM

Finance Minister Tito Mboweni's Budget Speech is expected to look at innovative ways to boost economic growth, create job opportunities and alleviate poverty.

Eastern Cape SOPA expected to focus on unemployment 23 February 2020, 6:17 PM

All eyes will be on the Eastern Cape Premier, Oscar Mabuyane, when he delivers his State of the Province Address on Tuesday.

Business organisation in North West aims to empower women 23 February 2020, 5:01 PM

In his 2019 Budget Speech, Finance Minister Tito Mboweni made a commitment to allocate R481.6 million to the Small Enterprise Development Agency to expand its small business incubation programme.

Assembly of the Unemployed to stage protest outside Parly during Budget Speech 23 February 2020, 4:02 PM

Members of the Assembly of the Unemployed have arrived in Cape Town ahead of Finance Minister Tito Mboweni's Budget Speech on Wednesday.

Economist warns of challenges in establishing state bank 23 February 2020, 8:13 AM

An economist at Old Mutual Investment Johann Els has warned that it will be extremely difficult for the government to find capital for the establishment of a state bank and funds for starting a sovereign wealth fund.

More security for former SAA chairperson Dudu Myeni as case resumes 23 February 2020, 6:53 AM

Additional security will be deployed to the High Court in Pretoria when the case of former SAA chairperson, Dudu Myeni resumes on Monday.

Load shedding to resume on Sunday morning 22 February 2020, 9:57 PM

Stage 2 loadshedding will be resumed at eight o' clock Sunday morning after it was suspended on Saturday afternoon at five o' clock.

North West food producers lament terrible road infrastructure 22 February 2020, 9:01 PM

Food producers in the North West have raised concerns about the bad state of the roads infrastructure and its impact on the agricultural economy.

Workers at Lanxess Chrome Mine vow to intensify their protest action 22 February 2020, 6:05 PM

Striking workers at Lanxess Chrome mine outside Rustenburg in the North West have threatened to intensify their protest action if management continues to ignore their demands.

Eskom towers
SIU considers suing formerly Gupta-owned mining group Tegeta 22 February 2020, 7:14 AM

The Special Investigating Unit (SIU) says it is considering suing the formerly Gupta-owned mining group Tegeta Exploration and Resources for the funds already paid over to it in the now invalidated coal contract with Eskom.

China’s central will guide interest rates lower to aid virus-hit economy – State Media 22 February 2020, 4:59 AM

China will guide overall market interest rates lower and keep liquidity appropriately ample to help companies affected by the coronavirus epidemic, a senior central banker told state media.

SAA irregular expenditure amounted to billions in 2016/2017 21 February 2020, 2:51 PM

The State Capture Commission has heard that irregular expenditure at South African Airways (SAA) amounted to almost R5 billion in the 2016/2017 financial year.

Unemployment rate higher for women 21 February 2020, 2:00 PM

Women continue to remain the most vulnerable in society. The 2019 fourth-quarter labour force survey has revealed that at least 30.9% of women are unemployed.

Myeni expected to continue testimony on her role in SAA financial crisis 21 February 2020, 10:00 AM

Former SAA board chairperson, Dudu Myeni, will be back in the dock in the High Court in Pretoria on Friday as she battles to clear her name.

Auditor-General office to continue testimony on SAA 21 February 2020, 8:00 AM

The Commission of Inquiry into State Capture will on Friday continue to focus its attention on corruption at State-Owned Enterprises (SOEs).

SAA Flight
Court dismisses appeal by unions to stop job cuts at SAA 20 February 2020, 11:57 PM

The Labour Court in Johannesburg has dismissed an urgent application for leave to appeal by unions, NUMSA and the Cabin Crew Association after they approached the court in an effort to stop South African Airways (SAA) from retrenching workers.

SAA
Auditor-General saw no red flags when SAA extended services of auditing firms 20 February 2020, 4:55 PM

The State Capture Commission in Parktown, Johannesburg, has heard that the Office of the Auditor-General did not notice any red flags when South African Airways asked it to extend the services of auditing companies PWC and Nkonki auditors.

Yen slips further to 10-month low as dollar strengthens broadly 20 February 2020, 12:38 PM

The Japanese yen fell to a 10-month low on Thursday, extending its previous day's slide that saw the currency breach a key technical level against a broadly strengthening dollar.

Myeni denies being hired by Zuma at SAA 20 February 2020, 11:58 AM

Former South African Airways board chairperson Dudu Myeni has denied allegations that she was appointed to the South African Airways board of directors by former President Jacob Zuma.

Eskom to implement Stage 2 load shedding 20 February 2020, 8:08 AM

Eskom has announced that Stage 2 load shedding will be implemented from 9 am on Thursday until 6 am on Saturday.

SA to establish a sovereign wealth fund, but what is it? 19 February 2020, 8:07 PM

President Cyril Ramaphosa's announcement of the establishment of a sovereign wealth fund has sparked a lot of debate among economists. But what exactly is a sovereign wealth fund?

Eskom
Eskom grants Letsemeng Local Municipality grace period to settle its debt 19 February 2020, 8:00 PM

Eskom has granted Letsemeng Local Municipality seven days grace period to settle the amount payable to Eskom to avert the withholding of electricity supply service.

Gordhan justifies why SAA has not submitted annual reports to parliament 19 February 2020, 7:00 PM

South African Airways would face immediate liquidation if its financial statements were to be made public.

SACP welcomes Ramaphosa’s decision to create Sovereign Wealth Fund 19 February 2020, 3:00 PM

The SACP one of the ANC alliance partners has welcomed President Cyril Ramaphosa's decision to create the Sovereign Wealth Fund.

Eskom board must explain no show: Scopa 19 February 2020, 12:11 PM

The Standing Committee on Public Accounts has called on Eskom to explain why its board failed to appear before the committee on Tuesday.

WATCH: Standing Committee on Public Accounts 19 February 2020, 10:24 AM

Joint Meeting: Standing Committee on Public Accounts and Portfolio Committee on Public Enterprises.

South Africa’s Grand Parade to sell Burger King franchise 19 February 2020, 10:07 AM

Grand Parade Investments (GPI) Ltd (GPLJ.J) said on Wednesday it will sell its 95.36% stake in Burger King franchise and all of Grand Foods Meat Plant to ECP Africa Fund for 697 million rand ($46.53 million).

Eskom warns of possible load shedding on Wednesday 19 February 2020, 1:35 AM

Eskom has warned that the possibility of load shedding on Wednesday has increased despite managing to keep the lights on since Sunday.