Plans afoot to make Mthatha an economic hub

18 December 2018, 9:13 PM
Eastern Cape Economic Development and Tourism MEC, Oscar Mabuyane  says plans are afoot to make Mthatha the province's economic hub.
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CemAir plane
CemAir passengers take to social media to voice frustrations 19 December 2018, 6:55 AM

Disgruntled passengers who booked festive season flights through the now-grounded CemAir have taken to social media to express their frustrations.

IMF logo
IMF approves $3 billion Precautionary and Liquidity Line for Morocco 18 December 2018, 8:43 PM

The IMF has approved financing of about $2.97 billion in the form of a Precautionary and Liquidity Line (PLL) to help Morocco ward off external economic shocks.

People in the ocean
Festive season expected to boost KZN economy 18 December 2018, 5:36 PM

Festive season tourism is expected to provide a critical boost to KwaZulu Natal's economy.

SAA plane
SAA expects to increase sales with Emirates’ new partnership 18 December 2018, 2:20 PM

SAA says the arrangement will also give Emirates access to its platforms and destinations.

Collins Lestoalo
Former Prasa acting CEO threatens to sue newspaper 18 December 2018, 12:55 PM

The former Prasa acting CEO, Collins Letsoalo has repeated his threat to sue the Sunday Times for publishing an article last year about his salary hike that was allegedly based on an Auditor-General's report.

Nedbank ATM
Nedbank shares fall on Ecobank inquiry report 18 December 2018, 12:43 PM

Nedbank shares fell by more than 4% on Tuesday after a South African newspaper reported that Nigeria's financial regulator had launched a probe into its West African associate Ecobank.

Edgars store
SACTWU concerned about Edcon’s financial woes 18 December 2018, 8:37 AM

Southern African Clothing and Textile Workers Union has expressed concern about Edcon's financial woes. Edcon is seeking R2 billion in emergency funding from its owners and the state-owned Public Investment Corporation.

People standing in a line
Cannabis Expo success gives hope to business owners 17 December 2018, 8:20 PM

The Cannabis Expo in Pretoria has extinguished after four days and had a record attendance during the event. It was the first cannabis expo in the country with items on sale and on exhibit.

Collins Lestoalo
Letsoalo to take action against Sunday Times 17 December 2018, 3:25 PM

Letsoalo was removed from his position by the board of Prasa following allegations that he hiked his salary by 350% from R1.7 million to R5.9 million a year.

Sun City resort
Sun City damage could amount to millions 17 December 2018, 3:23 PM

Sun International says the damage to its Sun City resort in the North West, following a massive storm over the weekend, could amount to millions of rand.

Edgars shop
‘Edcon working on a turnaround strategy’ 17 December 2018, 11:19 AM

The CEO of retail giant, Edcon, has assured its workers that their jobs are safe. Grant Pattison says the group, which owns Edgars, Jet and CNA is in the process of finalising a deal that will be announced soon.

Social grant beneficiaries urged to get new Sassa gold cards 17 December 2018, 10:56 AM

The South Africa Social Security Agency (Sassa) has extended the deadline for social grants beneficiaries to obtain their new Sassa gold card up until the end of December.

Cyril Ramaphosa
Sustainability Task Team to help Eskom resolve operational problems 16 December 2018, 9:26 PM

President Cyril Ramaphosa says the eight-person Eskom Sustainability Task Team he has appointed will work with the Public Enterprises Department.

President Cyril Ramaphosa
E Cape must use agriculture as driver of change: Ramaphosa 16 December 2018, 7:38 PM

President Cyril Ramaphosa says the Eastern Cape must use agriculture as a driver of change and development. He was speaking at the launch of a multi-billion dollar agriculture project.

Edgars store front
Edcon refutes closing down claims 16 December 2018, 6:14 PM

Retail giant, Edcon, says reports that its stores are about to close are not true, but admits that the company has been experiencing financial difficulties for several years.

Edcon possible liquidation a “national disaster”: Saftu 16 December 2018, 1:21 PM

South African Federation of Trade Unions (SAFTU) has called the possibility of retail giant, Edcon, being liquidated a "national disaster".

Sun City hopes to reopen for business after storm damage 16 December 2018, 10:53 AM

Sun City’s management says it hopes to have entertainment venues, such as the Valley of the Waves, open later Sunday for visitors and hotel guests. Evaluations are under way to determine the scale of the damage caused by a massive storm in Pilanesberg, in the North West province. Holiday makers were evacuated from the resort […]

Task Team to give direction on Eskom’s future: Expert 16 December 2018, 7:36 AM

Energy expert Chris Yelland says the eight-member Eskom Task Team appointed by President Cyril Ramaphosa   will give some ideas on the future direction for the restructuring of the power utility. The Task Team will advise government on how to resolve Eskom’s operational, structural and financial challenges. Ramaphosa announced the appointment of the task team on […]

Eskom building
FDA loan won’t significantly improve power struggles: Eskom 15 December 2018, 4:25 PM

Eskom says the R1,5 billion loan agreement it has signed with the French Development Agency will not significantly improve its power struggles.

American scholar slams US for Huawei CFO arrest 15 December 2018, 11:28 AM

Jeffrey Sachs slammed the United States for asking Canada to arrest Huawei CFO Meng Wanzhou, saying that it is a "shocking break with practice". 

Fishermen
E Cape fishermen to receive farming licenses 15 December 2018, 10:34 AM

More than 5-thousand small-scale fishermen from villages in and around Port St John's will receive fish farming licenses and training.

NCR warns consumers not to over spend during festive season 15 December 2018, 9:40 AM

The National Credit Regulator (NCR) says as consumers are spending during the festive season

Eskom's Megawatt Park
Ramaphosa appoints Eskom Sustainability Task Team 14 December 2018, 7:15 PM

President Cyril Ramaphosa has appointed an Eskom Sustainability Task Team to advise government on how to resolve the power utility's operational, structural and financial challenges.

Reserve Bank headquarters
Reserve Bank marks decline in capital spending 14 December 2018, 6:07 PM

Fixed investments in the South African economy indicate the depressed investor confidence and constrained finances at State Owned companies.

Eskom
Ramaphosa to announce Eskom special team 14 December 2018, 2:39 PM

As President Cyril Ramaphosa prepares to announce a special team to come up with solutions to Eskom's problems, CEO Phakamani Hadebe, had detailed steps which he believes can make the power utility viable again.

Mildred Oliphant
Labour Minister launches fund for unemployment and small businesses 14 December 2018, 2:08 PM

The Minister of Labour, Mildred Oliphant, says the newly launched Project Development Partnership Fund is aimed at addressing unemployment and ensuring that small businesses access funding.

Mark Kingon
Mark Kingon re-appointed SARS Acting Commissioner 14 December 2018, 12:46 PM

Finance Minister Tito Mboweni has re-appointed Mark Kingon as SARS Acting Commissioner for three months until a new Commissioner is appointed by the President.

Phakamani Hadebe at the SABC studios
Load-shedding not worst case scenario: Eskom CEO 14 December 2018, 9:48 AM

Eskom is hoping that by the end of March next year it would have done enough to mitigate its financial and power challenges facing the power utility.

CemAir plane
Civil Aviation Authority suspends CemAir 14 December 2018, 9:28 AM

The Civil Aviation Authority has suspended CemAir from flying any of its 21 aircrafts in the county after the airline was found to be non-compliant with a number of violations of the Civil Aviation Act.

Customers are pictured inside an MTN dealer shop
MTN, Nigerian central bank dispute will be over “very soon”: regulator 14 December 2018, 7:43 AM

The Nigerian telecoms regulator said on Thursday that an $8.1 billion dispute between South African telecoms group MTN and the Nigerian central bank "is being resolved and very soon it will be over."