Special Appropriation Bill passed, opens doors for Eskom’s cash injection

22 October 2019, 9:12 PM
The National Assembly has passed the Special Appropriation Bill aimed at giving a massive capital injection to Eskom to the tune of R59 billion over two years.
Foreign investors ready to bring business to Garden Route 11 March 2018, 3:51 PM

Foreign investors say they're ready to bring their business to the Garden Route following an Investment Conference at George.

Gigaba confirms that he will appear before Parliamentary inquiry 11 March 2018, 2:41 PM

Home Affairs Minister Malusi Gigaba has confirmed that he will appear before the parliamentary inquiry into corporate governance at Eskom when it resumes on Tuesday.

Moyane must submit Lovells and Motau reports before March 13: DA 11 March 2018, 2:16 PM

The Democratic Alliance (DA) says legal steps might have to be considered if South African Revenue Service (SARS) commissioner Tom Moyane fails to release the Lovells and Motau reports within the next day or two.

FemBioBiz backs female-owned businesses 11 March 2018, 10:05 AM

The Nepad Southern Africa Network for Biosciences’ Acceleration Programme titled “The FemBioBiz” returns for its second round after the first one attracted over 156 applications from nine countries in SADC.

COGTA takes strong stance against defaulting municipalities 10 March 2018, 4:16 PM

Non-payment for services by residents at municipal level will no longer be tolerated.

‘Trump steel tariffs may leave these US steelworkers jobless’ 10 March 2018, 8:09 AM

Mick Lang has been a steelworker for nearly 40 years and voted for businessman Donald Trump in the hopes he would bring about a renaissance for the long-suffering US steel industry - now he worries President Trump's tariffs on imports of the metal will cost him his job.

Arts, culture industry seeks to create opportunities for youth 9 March 2018, 8:08 PM

The government is intensifying its investment in the arts and culture industry to create jobs. That’s the word from Arts and Culture minister, Nathi Mthethwa. He was speaking at the South African Cultural Observatory’s conference in Port Elizabeth. The creative industry is taking centre stage and it is a tough environment especially for smaller players. […]

Court sets aside order to freeze Atul Gupta’s R10mln 9 March 2018, 3:43 PM

The High Court in Bloemfontein has set aside an order to freeze R10-million paid into controversial businessman Atul Gupta's account.

SARS bolsters efforts to recover billions from taxpayers 9 March 2018, 3:43 PM

The South African Revenue Service (SARS) is taking steps to recover billions owed to it by taxpayers. It has appointed eight debt collection agencies to recover as much as possible of just above R16 billion in debt owed to it. The Revenue Service says just over R2 million taxpayers and traders owe it just under […]

SA poultry association says concerned about imported chicken paste 9 March 2018, 1:56 PM

South Africa’s poultry producers association said on Friday it was concerned that the country was accepting imports of untested mechanically deboned meat (MDM) into the country even as its neighbours blocked its own processed meat products over a listeriosis outbreak. The association said reports about corruption and the evasion of food safety checks in the […]

Optimum mine searches for investors to avoid job losses 9 March 2018, 11:45 AM

The search for investors who can save the Gupta-linked companies and avoid job losses is on. This as striking workers at the Gupta-owned Optimum coal mine in Mpumalanga are back at work.

WATCH: High Court rules on Bank of Baroda, Gupta order 9 March 2018, 11:07 AM

The High Court in Bloemfontein is handing down judgment in the preservation order dispute involving controversial businessman Atul Gupta and the Bank of Baroda.

Ramaphosa urged to assist ailing productive sector 9 March 2018, 9:01 AM

Economist George Glynos says President Cyril Ramaphosa should ensure that a constructive policy is urgently formulated to assist the country's productive sector.

Bloem court to rule on Bank of Baroda, Gupta order 9 March 2018, 6:36 AM

The legal representatives for the Gupta companies have argued that the High Court made a blunder in granting a preservation order to freeze the assets of the bank and the R 10 million in Atul Gupta's account.

Municipalities owe creditors more than R 41 billion 8 March 2018, 9:38 PM

The National Treasury has revealed that municipalities owed creditors just over R 41 billion as at the end of last month.

Govt to work with IPPs on renewable energy projects 8 March 2018, 8:21 PM

Government will join hands with 27 Independent Power Producers (IPPs) for a R56 billion investment in renewable energy projects next week.

Eskom found guilty of unfair labour practice 8 March 2018, 7:39 PM

The Commission for Conciliation, Mediation and Arbitration  (CCMA) has found power utility Eskom guilty of unfair labour practice for suspending the head of legal compliance, Suzanne Daniels. Eskom has also been ordered to lift Daniels’ suspension with immediate effect and pay her a salary equivalent to five months. Daniels was suspended just days after she instructed […]

Myeni given another date to appear before parliamentary inquiry 8 March 2018, 3:28 PM

Former South African Airways Board Chairperson Dudu Myeni has been given until Friday at noon, to indicate whether she will be able to attend the parliamentary inquiry into Eskom affairs.

Software firm SAP confirms payment misconduct on Gupta deals 8 March 2018, 3:04 PM

The German software firm SAP has released the final results of an external legal review into software contracts with South African state-owned enterprises Transnet and Eskom.

Rand weakens against dollar 8 March 2018, 2:38 PM

The rand has weakened close to 1% against the dollar at midday, trading at R11.94, mainly due to a strengthening of the dollar against other major currencies.

Mantashe to meet workers at Gupta-owned Optimum coal mine 8 March 2018, 12:11 PM

Newly-appointed minister of mineral resources, Gwede Mantashe, will on Thursday be meeting with workers at the troubled Optimum coal mine in Mpumalanga.

DA to lay corruption charges against Bank of Baroda 8 March 2018, 8:21 AM

The DA will lay charges of money laundering and corruption against the Bank of Baroda, following a report by the Organized Crime and Corruption Project that the bank deliberately laundered money on behalf of the Gupta family.

people at ATMs
3,000 jobs cut due to Nedbank robots 8 March 2018, 7:04 AM

Sasbo on Wednesday condemned Nedbank for announcing plans to cut 3,000 jobs as a result of robotics, and also threatened "serious action plans" if the bank sidelined it in future decisions on staff.

Cyril Ramaphosa
Land reform to take place within legal framework: Ramaphosa 8 March 2018, 5:54 AM

President Cyril Ramaphosa has assured Moody's Investor Services that land reform will take place within a clear legal framework.

Forbes releases list of 2018 richest billionaires 7 March 2018, 8:48 PM

More than 2200 people made the Forbes 32nd annual ranking of the world's richest billionaires, with a combined wealth of 9.1 trillion dollars.

EU warns Trump of trade war, China raises concerns at WTO 7 March 2018, 6:43 PM

Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium. The departure of Gary Cohn, seen as a bulwark against Trump’s economic nationalism, hit shares, […]

Makhura to meet Mashaba over rate hikes outcry 7 March 2018, 5:43 PM

Gauteng premier David Makhura has expressed concerned at the proposed property rate hikes in Johannesburg which he's described at exorbitant.

Gupta-linked mines given ultimatum for new banking facilities 7 March 2018, 5:20 PM

Business rescue practitioners appointed to oversee the operations of the Gupta-linked mining companies have warned that should these mines not get new banking facilities to replace the Bank of Baroda by the end of March; their business operations will come to an end.

Parly hears contradictory statements on Molefe’s pension fund 7 March 2018, 4:34 PM

The parliamentary inquiry into allegations of state capture at Eskom has heard contradictory statements relating to the date on which former Eskom Chief Executive Officer Brian Molefe joined the Eskom Pension and Provident Fund.

Business Confidence Index shows signs of improvement 7 March 2018, 3:37 PM

Businesses confidence in South Africa is showing signs of improvement.