Eskom warns load shedding could persist throughout the weekend

6 December 2019, 4:00 PM
Energy Analyst Chris Yelland says Eskom's old and aging infrastructure and plants are the main reasons for the country's latest bout of load shedding, which is currently at stage four.
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Eskom inquiry to act on threats against its chairperson 27 March 2018, 8:07 PM

Parliament's public enterprises portfolio committee on Tuesday said it would ask law enforcement agencies to investigate telephonic threats made to Zukiswa Rantho, who chaired its inquiry into corruption at Eskom, at the weekend.

Carrim blames govt for state of SAA finances 27 March 2018, 4:41 PM

The Chairperson of the Parliament's Standing Committee on Finance Yunus Carrim says it is an indictment on both the ruling party and government that South African Airways’ finances have deteriorated to the level that they are at. 

Nersa refuses to grant Eskom electricity price hikes 27 March 2018, 4:16 PM

Eskom says the National Energy Regulator, Nersa, has based its refusal to grant it a 19% electricity price hike on incorrect assumptions.

Youth initiative to create 300 000 jobs annually: Ramaphosa 27 March 2018, 1:09 PM

President Cyril Ramaphosa says at least 300 000 jobs will be created annually through the Youth Employment Service initiative.

Cosatu disappointed over minimum wage issue 27 March 2018, 12:19 PM

Labour federation Congress of South African Trade Unions says it is disappointed that parliament and the government will not be ready to implement the long delayed national minimum wage by May 1.

Western Cape budget speech prioritises drought 27 March 2018, 10:45 AM

Western Cape Agriculture and Economic Opportunities Minister, Alan Winde, says his R834 million budget speech focusses on mitigating the effects of the crippling drought and disease in the industry.

Staff at Gupta-linked media outlets anxious over pay delays 27 March 2018, 10:01 AM

Journalists at former Gupta-owned ANN7 news channel and The NewAge newspaper were on Tuesday considering a go-slow because they have not been paid.

Ramaphosa to launch employment service 27 March 2018, 7:37 AM

President Cyril Ramaphosa will on Tuesday launch a youth employment service aimed at empowering unemployed young South Africans.

Government to miss minimum wage bill deadline 27 March 2018, 6:10 AM

Government says the much anticipated implementation of the National Minimum Wage Bill will not be happening on the first of May this year as planned.

“Decision not to downgrade SA could spell a return of foreign investments” 26 March 2018, 7:33 PM

The decision not to downgrade South Africa could spell a return of foreign investments through the JSE in to our equities and RSA government bonds.

Africa CEO forum underway in Ivory Coast 26 March 2018, 6:49 PM

The Ivory Coast is once again the setting of one of the biggest gatherings global investors and bankers.

Tourism second biggest employer in SA 26 March 2018, 3:19 PM

The tourism sector is now the second biggest in terms of job creation, ranking only below agriculture in the country's economy.

JSE invites youth to 2018 JSE Investment Challenge 26 March 2018, 10:38 AM

The Johannesburg Stock Exchange (JSE) invites learners who are interested in investment and stock markets to register for their 2018 JSE Investment Challenge.

Prasa losing millions due to vandalism, theft of trains 26 March 2018, 6:12 AM

DA's Shadow Minister of Transport says security personnel have also dropped by 30 percent, with Prasa losing 823 Metrorail train coaches and 565 from Shosholoza Meyl.

Dollar hits 16-mth lows vs yen as trade, political woes take their toll 26 March 2018, 5:35 AM

The dollar slipped to a 16-month low against the Japanese yen on Monday, pressured by lingering fears of a global trade war and caution towards political developments in Tokyo. The U.S. currency traded at 104.835 yen after falling to 104.560, its weakest since November 2016. The dollar had already slumped 1.2 percent versus its Japanese […]

SA businesses urged to invest in Nigerian free trade zone 25 March 2018, 2:33 PM

The South African business delegation taking part in the outward trade and investment mission in Nigeria has visited the Lekki free trade zone, a privately-owned free trade zone outside Lagos, as part of the site visit programme.

Facebook’s Zuckerberg says sorry to Britons with newspaper apology ads 25 March 2018, 12:40 PM

Facebook Chief Executive Mark Zuckerberg apologised to Britons on Sunday over a “breach of trust”, taking out full page advertisements in British newspapers after a political consultancy got its hands on data on 50 million users. “We have a responsibility to protect your information. If we can’t, we don’t deserve it,” said the advert, signed […]

Govt to improve investment prospects 25 March 2018, 9:17 AM

The Treasury says the government should continue to work diligently on practical steps to provide necessary policy certainty.

Moody’s credit rating affirms govt-led efforts on economy 24 March 2018, 2:56 PM

The decision by Moody’s Investors Service to confirm South Africa’s credit rating at investment grade and to change the outlook from negative to stable affirms the work of the African National Congress-led government.

Apple’s Tim Cook calls for ‘calm heads’ on China, US trade 24 March 2018, 10:26 AM

Apple Inc's Chief Executive Tim Cook on Saturday called for "calm heads" and more open trade, amid rising fears of a trade war between the United States and China.

Moody’s keeps SA credit rating unchanged 24 March 2018, 6:41 AM

There's relief among South Africans as rating agency Moody's gives the country another stay of execution.

SA awaits Moody’s rating decision 23 March 2018, 7:20 PM

South Africa will know by the end of Friday whether credit rating agency Moody’s will downgrade it to so-called junk status or not. Economists say if Moody’s retains South Africa’s foreign and domestic currency debt at investment grade that is above junk – the investment community will see that as approval for President Cyril Ramaphosa. […]

Workers at Gupta mines have not been paid for March 23 March 2018, 4:51 PM

The National Union of Mineworkers (NUM) on Friday, expressed concern that workers at the Gupta-owned Optimum and Koornfontein mines have not yet been paid.

Young SA entrepreneur urges government to support young ideas 23 March 2018, 2:53 PM

A young South African social entrepreneur has urged the government and the private sector to support young entrepreneurs through capital and access to markets to enable small business ideas to take flight.

Thabo Mbeki
Africa is not ready for a common currency: Mbeki 23 March 2018, 10:28 AM

Addressing students at UNISA Thabo Mbeki said free trade area is necessary but will be difficult to implement.

South African President Cyril Ramaphosa.
Moody’s verdict on SA credit rating an early review of Ramaphosa leadership 23 March 2018, 9:13 AM

Moody’s next review on South Africa’s credit rating, expected on Friday, will be the first real test of whether investors and ratings agencies are happy with policy direction under new president Cyril Ramaphosa.

Cyril Ramaphosa
SA must take pride in free trade agreement: Ramaphosa 23 March 2018, 7:08 AM

President Cyril Ramaphosa says South Africa takes pride in the fact that it signed the free trade agreement that took place in Kigali.

BLSA believes Moody’s won’t downgrade SA on Friday 22 March 2018, 9:19 PM

Business Leadership SA (BLSA) believes South Africa will avoid being downgraded to junk status by Moody's on Friday.

Plans underway to hold AU summit on AfCFTA 22 March 2018, 7:24 AM

The AU is to hold another summit in Mauritania in July where countries with reservations on signing the AfCFTA agreement can make their choice.

South Africa to benefit from AfCFTA: Ramaphosa 21 March 2018, 9:43 PM

President Cyril Ramaphosa says the signing of the Africa Free Trade Area Agreement, will present a major trade and investment opportunities for South African countries.