Unions deny meeting with SAA business rescue practitioner

13 December 2019, 10:12 AM
Unions at South African Airways have denied meeting with the airline's business rescue practitioner Les Matuson despite reports to the contrary.
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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.

Prasa set to meet the needs of commuters 13 June 2018, 9:22 PM

The continuing decline in passenger rail investment is making it difficult for the rail industry to provide an efficient alternative transport to commuters.

SAPS in Parliament
Sabric financial losses amount to nearly half a billion rand 13 June 2018, 9:08 PM

The South African Banking Risk Information Centre (Sabric) projects financial losses will amount to nearly half a billion rand by year's end.

Pick n Pay
Retail sales data disappointing 13 June 2018, 8:53 PM

After lower business confidence, retail sales data released on Wednesday has also disappointed.

Eskom CEO Phakamani Hadebe.
There will not be a total shutdown at Eskom: Unions 13 June 2018, 8:48 PM

The NUM has said there will not be a total shutdown at Eskom on Thursday, however its members will still march in a mass demonstration to the company's headquarters in Johannesburg to hand over a memorandum.

Crime scene
Female police officer arrested in connection with cash in transit heist 13 June 2018, 7:39 PM

A female police officer in Limpopo, who is allegedly romantically involved with a cash-in-transit heist kingpin, has been arrested and fired for giving the suspect a car to escape.

Woman sewing
SA’s CTFL industry on a slow recovery 13 June 2018, 7:04 PM

The South African clothing, textiles, foot ware and leather industry (CTFL) is showing signs of recovery after years of decade long- gradual decline.

Rand
Trade conditions remain weak – Sacci 13 June 2018, 2:43 PM

Trade conditions across various business sectors have remained weak in May.

Nelson Mandela Bay finally passes budget 13 June 2018, 12:41 PM

The Nelson Mandela Bay Metro council has finally passed its 2018/19 operational budget at its fourth attempt, with the African Independent Congress supporting a Democratic Alliance administration for the second day in succession.

Eskom promises to keep lights amid unions’ concerns 13 June 2018, 10:07 AM

No large-scale electricity outages are expected today or tomorrow, despite social media messages to this effect that are being widely circulated.

Prasa pays millions to train crash victims 13 June 2018, 9:05 AM

The Passenger Rail Agency of South Africa has paid more than R213 million to victims of train crashes in the past three financial years.

Mantashe lays blame on Sibanye mine for four deaths 13 June 2018, 5:55 AM

Mineral Resources Minister, Gwede Mantashe says Sibanye-Stillwater mine should be held accountable for the death of four mine-workers on Monday.

Sassa card swap process on track: Agency 13 June 2018, 5:50 AM

The South African Social Security Agency (Sassa) says the card swap process - which started with a pilot project last month - is on track to capture the remaining one-point-nine million cash social grant beneficiaries.

Rail track
Railway industry to use broadband 12 June 2018, 9:23 PM

The railway industry is looking to use broadband to modernise its archaic network and communication processes.

Cash-in-transit guards appeal to govt to help curb heists 12 June 2018, 8:32 PM

Cash-in-transit security guards are appealing to government to intervene and help curb the escalating violent attacks on cash vans. Since January, there have been almost 160 cash heists across the country. In the majority of these brazen attacks, the robbers – armed with automatic rifles – use commercial explosives to blow open the vans. On […]

Rand notes and coins
Rand weakens against greenback 12 June 2018, 6:50 PM

The rand has again weakened against the US dollar as global investors return to developed markets.

SIbanye STillwater logo
Mantashe to visit Sibanye-Stillwater mine’s Ikamva shaft 12 June 2018, 6:13 PM

Mineral Resources Minister, Gwede Mantashe is expected to visit the Sibanye-Stillwater mine's Ikamva shaft West of Johannesburg later on Tuesday.

Steinhoff logo
Steinhoff given more breathing space 12 June 2018, 5:59 PM

Steinhoff has won more creditor support to give the South African retailer time to restructure debt totaling 9 billion euro ($11 billion) in a fight for survival.

IMF logo
SA should spell out land reform plans to remove uncertainty – IMF 12 June 2018, 5:50 PM

The IMF said on Tuesday that the South African government should clearly articulate its land reform plans in order to lift uncertainty weighing on investor sentiment.

Num, Numsa to embark on big demonstration at Eskom’s Megawatt Park 12 June 2018, 5:23 PM

Unions have planned a big demonstration at Eskom's Megawatt Park on Thursday to picket against Eskom's zero percent wage offer. 

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Vodacom’s Yebo Yethu shareholders expected to share R3billion returns 12 June 2018, 4:29 PM

Vodacom's Yebo Yethu shareholders can expect to share R3 Billion in returns when the Yebo Yethu scheme unwinds in October 2018.

SA refinery could run out of natural gas in two years 12 June 2018, 2:46 PM

South Africa's flagship gas-to-liquids (GTL) refinery at Mossel Bay could run out of natural gas within two years when offshore reserves dry up, a senior energy official said on Tuesday.

Oil edges up on cautious optimism over Trump, Kim summit in Singapore 12 June 2018, 6:14 AM

Oil prices edged up along with global markets on Tuesday on cautious optimism over the outcome of a summit between US President Donald Trump and North Korean leader Kim Jong Un in Singapore.

Search underway for two missing miners at Sibanye mine 11 June 2018, 9:32 PM

A search is underway for the remaining two missing miners at the Sibanye-Stillwater mine's Ikamva shaft near Westonaria southwest of Joburg after three other miners died.

Three miners die at Sibanye-Stillwater’s Kloof mine 11 June 2018, 7:26 PM

The Sibanye-Stillwater mine has confirmed that three mineworkers died at the Ikamva shaft near Westonaria - south west of Johannesburg.