De Ruyter acknowledges load shedding’s impact on South Africans

28 February 2020, 9:49 PM
Eskom CEO Andre De Ruyter has acknowledged that the problems at the power utility have a negative impact on people. He received a list of demands from the EFF leader Julius Malema in Sunninghill, north of Johannesburg, on Friday.
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Banks appear before Competition Tribunal for collusion 30 July 2018, 9:17 PM

Lawyers representing 23 banks that are accused of manipulating the rand against the dollar say the Competition Commission's case has not shown sufficient evidence of anti-competitive conduct.

Eskom warns of possible high risk of load-shedding 30 July 2018, 8:49 PM

Eskom says it may resort to load-shedding after several incidents of intimidations and sabotage at some of its power stations.

Petrol price to go up 30 July 2018, 5:12 PM

The retail price of petrol will go up by one cent a litre from next Wednesday. The Department of Energy says illuminating paraffin will also cost four cents more. LP Gas users will be the hardest hit with a 17 cents price increase. However, the price of diesel is set to decrease by four-cents a […]

Treasury receives draft forensic report on Eskom and Transnet irregularities 30 July 2018, 2:53 PM

National Treasury has announced that it received the draft forensic report on the alleged irregularities in the awarding by Eskom of a coal contract to Tageta and in Transnet procurement of locomotives from China South Rail. The report has been given to the relevant parties for comment and have been given two weeks to respond. […]

Eskom employees down tools at several power stations 30 July 2018, 1:09 PM

Eskom says power supply has not yet been disrupted after some workers downed tools at several of the utility's power stations.

A worker at a Makro branch.
South Africa’s Massmart warns H1 profit could fall 26 % 30 July 2018, 8:53 AM

Massmart Holdings expects half-year profits to fall by as much as 26%, the South African retailer said on Monday citing muted sales growth.

Movement calls for govt to take unemployment seriously 29 July 2018, 4:08 PM

The leaders of the #FightingAgainstGraduateUnemployment movement have appealed to government to heed their calls for unemployment in South Africa to be taken more seriously.

Media Monitoring Africa concerned about Eskom and Chinese deal 29 July 2018, 1:17 PM

Media Monitoring Africa says the media has neglected to investigate and inform the public what the terms and conditions of the Chinese investment in Eskom are.

“Motorists should continue paying e-tolls as this is government policy” 28 July 2018, 5:26 PM

The National Transport Department says motorists should continue paying e-tolls as this is still government policy.

BLSA CEO Bonang Mohale
BLSA urges private sector to seize BRICS opportunity 28 July 2018, 1:18 PM

Business Leadership South Africa has urged the South African private sector to help build on the BRICS Summit by taking advantage of the investment opportunities presented by the gathering and associated business forums.

The BRICS summit concluded last week.
Unions have a lot to learn from China: Economist 28 July 2018, 12:06 PM

Chief economist at the South African Institute of Race Relations, Ian Cruickshanks has advised trade unions to take a broader look at the implications of their attitude towards South Africa's BRICS membership.

Xi Jinping and Cyril Ramaphosa at the BRICS summit.
SA has the right to associate with whoever: Ramaphosa 28 July 2018, 7:46 AM

President Cyril Ramaphosa says he is not worried that his co-operation with China will affect diplomatic relations with the United States.

Night falls on the 10th BRICS Summit in Sandton 27 July 2018, 6:54 PM

As the night falls on the 10th Brics Summit, President Cyril Ramaphosa has lauded the manner in which the business forum, hosted at the Sandton Convention Centre was arranged, saying it was one of the most well-organised summits.

Twitter dives in black week for social media 27 July 2018, 6:43 PM

Twitter shares took a pounding on Friday amid a warning of a shrinking user base, extending a stock market bloodbath for what had been a sizzling social media sector.

Raymond Zondo
State Capture Commission needs security clearances 27 July 2018, 4:04 PM

State Capture Commission Chair Deputy Chief Justice Raymond Zondo will petition President Cyril Ramaphosa to speed up security clearances for his investigators.

Reserve Bank does not see Q2 economic contraction 27 July 2018, 2:59 PM

The South African Reserve Bank does not expect the economy to shrink in the second quarter, as it did in the first, Governor Lesetja Kganyago said on Friday, while warning that growth remained too low to make a dent in high unemployment.

Chinese president urges BRICS countries to deepen strategic partnership 27 July 2018, 8:00 AM

Chinese President Xi Jinping on Thursday urged BRICS countries to deepen strategic partnership and work to open up a second "Golden Decade" at the Plenary Session of the 10th BRICS summit in Johannesburg, South Africa.

Zuckerberg loses $16 billion in record Facebook fall 26 July 2018, 8:46 PM

Facebook Inc Chief Executive Officer Mark Zuckerberg’s fortune took an almost $16 billion hit on Thursday, as the social media giant headed for the biggest one-day wipeout in U.S. stock market history, a day after executives forecast years of lower profit margins.

Nene calls for patience into PIC’s inquiry 26 July 2018, 8:18 PM

The independent inquiry into the affairs of the Public Investment Corporation is expected to help the investment corporation return to its primary function and restore confidence.

Matatiele cooperatives export yellow maize to Vietnam 26 July 2018, 5:43 PM

Fourteen cooperatives from Matatiele, in the Eastern Cape, have made history by exporting 8 000 tonnes of yellow maize to Vietnam.

Cosatu welcomes ConCourt’s ruling on labour brokers 26 July 2018, 4:55 PM

Cosatu has welcomed Thursday's Constitutional Court's ruling on labour brokering.

BRICS leaders sign a Johannesburg declaration 26 July 2018, 4:23 PM

Leaders of the BRICS bloc have signed a declaration supporting an open and inclusive multilateral trading system at their summit at the summit in Sandton, north of Johannesburg.

Moves to curb trade protectionism to dominate BRICS discussions 26 July 2018, 2:22 PM

Moves to curb trade protectionism and the need to bolster multilateralism in the running of global affairs are expected to dominate discussions during the meeting of the five-member BRICS economic grouping on Thursday.

Advancement of science and technology will not impact jobs in manufacturing sector 26 July 2018, 1:09 PM

Science and Technology Minister Mmamoloko Kubayi-Ngubane has dispelled the notion that people will lose their jobs as a result of the advancement of science and technology in the manufacturing sector.

WATCH: DAY 2 OF BRICS 10th Summit 26 July 2018, 12:50 PM

It's day-two of the three-day 10th Summit of Heads of State and Government of BRICS countries, taking pace here in South Africa.

SA opens door to future Russian nuclear power deal 26 July 2018, 11:46 AM

South Africa cannot afford large-scale expansion of its nuclear power fleet but would still be open to future nuclear deals with Russia, the ruling party's Treasurer General said on Thursday shortly before President Vladimir Putin arrived for the BRICS summit.

FRA refutes claims of fuel stations closure 26 July 2018, 10:44 AM

The Fuel Retailer's Association has urged motorists to ignore the circulating social media messages warning motorists about the closure of fuel service stations on Friday.

Putin arrives in SA for BRICS summit 26 July 2018, 10:19 AM

The five BRICS leaders will on Thursday go on a retreat at Maropeng north-west of Johannesburg, site of a centre devoted to the Cradle of Humankind World Heritage site.

Lack of professionalism highlighted in SABC policy hearings 26 July 2018, 7:01 AM

SABC manager for regulatory affairs, Judy Monyela says it's imperative for the public broadcaster to engage the public as it seeks to make amendment to its editorial policy.

Constitutional Court to rule on labour brokering matter 26 July 2018, 6:50 AM

The Constitutional Court will on Thursday, hand down judgment on the labour brokering case.