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.
Rand strengthens as govt promises to root out corruption 22 January 2018, 7:44 PM

The rand continues to power ahead in value against the dollar. It strengthened by 11 cents on Monday to R12,06.

EFF welcomes NPA’s move to seize Gupta-linked dairy farm 22 January 2018, 4:32 PM

EFF in the Free State says it is pleased with the Assets Forfeiture Unit's move to seize the controversial dairy farm in Vrede after obtaining a court order.

EC ANC leadership warns poor performing municipalities 22 January 2018, 3:32 PM

The ANC in the Eastern Cape has summoned all mayors of the poorly performing municipalities in the province to appear before the provincial leadership at the party provincial headquarters in King William’s Town. This comes after the PEC has expressed concern about the performance of municipalities like Mnquma, Amathole, Raymond Mhlaba and other newly-established municipalities […]

Northern Cape meeting aims to tackle illegal mining 22 January 2018, 12:30 PM

Mineral Resources Deputy Minister Godfrey Oliphant will meet with Northern Cape premier Sylvia Lucas and illegal miners or the so-called Zama Zamas in an effort to deal with the ongoing illegal mining in the province.

Eskom’s new board must clean up mess: Abedian 22 January 2018, 10:14 AM

Economist Iraj Abedian says corruption at Eskom started as far back as when the current Finance Minister Malusi Gigaba was in the Public Enterprises portfolio. Government appointed a new board at Eskom with Telkom Chairperson Jabu Mabuza as the power utility’s new chairperson. Mabuza has replaced Zithembe Khoza who has resigned. The new board includes prominent […]

SA serious about growing economy: Gigaba 22 January 2018, 6:16 AM

Finance Minister Malusi Gigaba says government’s decisive action at Eskom is aimed at showing investors that South Africa is serious about growing its economy.

Parliamentary inquiry into Eskom resumes on Monday 21 January 2018, 8:45 PM

The parliamentary inquiry into corporate governance at Eskom resumes on Monday.

Gigaba to sell change of ANC leadership at WEF 21 January 2018, 5:26 PM

Finance Minister Malusi Gigaba says the South African delegation to the World Economic Forum in Davos, Switzerland, will emphasise to investors that the African National Congress has changed as the country's governing party.

Eskom board appointment will help rebuild confidence 21 January 2018, 3:22 PM

The appointment of a new board of directors for power utility Eskom will go a long way towards rebuilding confidence in the leadership in South Africa and in the economy, the Basa said on Sunday.

BLSA welcomes new Eskom board appointment 21 January 2018, 9:36 AM

Business Leadership South Africa (BLSA) has welcomed the appointment of the new board at Eskom saying it reflects government's commitment to transform state-owned entities.

3 months for new Eskom board to appoint key executives 20 January 2018, 9:19 PM

Eskom's former acting CEO Matshela Koko and suspended Chief Financial Officer Anoj Singh face dismissal, after government instructed the utility's new board to immediately remove all executives facing allegations of corruption.

Jabu Mabuza new Board Chairperson at Eskom 20 January 2018, 5:31 PM

Eskom  has announced Jabu Mabuza as it's the new Board Chairperson, following confirmation on Saturday of the resignation of Zethembe Khoza.

SA business leaders call for boycott of Trump’s WEF speech 20 January 2018, 12:02 PM

South African business leaders have called for a boycott of US President Donald Trump's address at the World Economic Forum's annual meeting in Davos, Switzerland next week.

Eskom mired in new corruption scandal 19 January 2018, 5:31 PM

The power utility is now mired in a new corruption scandal.

Operation Phakisa in full force with oceans economy in PE 19 January 2018, 5:07 PM

The keel-laying of the first tug boat to be built in Port Elizabeth is seen as another step in developing oceans economy as part of Operation Phakisa in South Africa.

Vodacom apologises for phone line inconvenience 19 January 2018, 11:10 AM

Cell phone provider Vodacom says its Gauteng based customers should now be able to make and receive calls.

Developing mining communities a priority: Anglo Platinum 19 January 2018, 6:33 AM

Platinum mining giant, Anglo Platinum, says it regards development as a priority and will continue assisting the mining communities.

Kganyago to chair IMF Committee 18 January 2018, 5:27 PM

Reserve Bank Governor Lesetja Kganyago has been selected to Chair the International Monetary and Financial Committee of the International Monetary Fund for the next three years.

Local tobacco farmers lament illicit trade 18 January 2018, 5:04 PM

If government succeeds in combating crime, then at least three-thousand jobs can be created by tobacco alone.

Disappointment as Reserve Bank keeps repo rate unchanged 18 January 2018, 4:37 PM

Chief economist at ETM Analytics, George Glynos, has expressed disappointment at the announcement of the repo rate remaining unchanged at 6.75%. Reserve Bank Governor, Lesetja Kganyago, made the rates announcement in Pretoria, following the bank's first Monetary Policy Committee meeting this year.

LIVE STREAM: MPC’s interest rate announcement: 18 January 2018 18 January 2018, 3:11 PM

MPC’s interest rate announcement: 18 January 2018

‘Ramaphosa is capable of stimulating economy’ 18 January 2018, 12:19 PM

Finance Minister Malusi Gigaba says Deputy President Cyril Ramaphosa is capable of selling the country to investors. Ramaphosa will lead a South African delegation to the World Economic Forum which will take place from January 23-26.

Deadline looms for taxpayers owing SARS money 18 January 2018, 11:32 AM

The South African Revenue Service (SARS) is reminding individual taxpayers who filed personal income tax returns in 2017, were assessed and found to owe SARS money, that they have until January 31 to pay.

ANC committed to renewing SA’s economy: Ramaphosa 18 January 2018, 11:28 AM

Deputy President and ANC President Cyril Ramaphosa says the governing party is taking active steps to renew South Africa and its economy.

WATCH: Finance Minister holds briefing on World Economic Forum 18 January 2018, 9:58 AM

Finance Minister Malusi Gigaba is currently holding a briefing on the World Economic Forum.

Reserve Bank likely to cut interest rates: Economists 18 January 2018, 9:18 AM

Many economists say the Reserve Bank is likely to cut interest rates by 25 basis points on Thursday.

US firm feels the heat over Gupta ties 18 January 2018, 8:36 AM

Companies around the world are facing more negative press as South African authorities start bringing criminal charges for their activities related to Gupta-owned businesses.

WATCH: Cyril Ramaphosa’s keynote address at Pre-WEF breakfast 18 January 2018, 7:57 AM

Deputy President, Cyril Ramaphosa is giving a keynote address at the Pre-World Economic Forum breakfast taking place ahead of team SA's departure to the WEF Davos Annual Meetings.

HSBC, Standard Chartered under probe over Gupta ties 18 January 2018, 7:27 AM

UK headquartered banks HSBC and Standard Chartered are under investigation by the Financial Conduct authority there, on whether they facilitated money laundering as a result of their ties to the Gupta family. 

Dischem workers demand recognition of union 18 January 2018, 6:37 AM

Hundreds of workers at pharmaceutical retailer, Dischem, have downed tools.