Involve Jarana in business rescue process or face legal action: Numsa to SAA

6 December 2019, 9:50 PM
The National Union of Metal Workers has threatened South African Airways with further legal action unless they involve former Chief Executive Officer Vuyani Jarana in the business rescue process in order to save workers' jobs at the national carrier.
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.

Regulatory fears hammer bitcoin below $10 000 18 January 2018, 5:49 AM

Bitcoin fell as much as 20% on Wednesday, piercing below $10 000, while other crypto currencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation.

Zuma urges foreign companies to invest in SA 17 January 2018, 9:18 PM

President Jacob Zuma has urged foreign governments to encourage their companies to increase foreign direct investment in South Africa.

Prasa train derails due to vandalism in Germiston 17 January 2018, 7:36 PM

A train derailed in Germiston, Gauteng, on Wednesday, reportedly due to vandalism of the passenger railway system.

Unisa adamant workers will be back at work on Thursday 17 January 2018, 6:40 PM

Members of Nehawu at Unisa downed tools on Wednesday morning after reaching a deadlock over salary increment with the institution.

SA’s retail sales enjoy biggest jump since 2012 17 January 2018, 3:03 PM

South African retail sales jumped in November by their biggest margin in more than five years.

Scandal-hit KPMG SA appoints new chair 17 January 2018, 10:01 AM

The South African arm of global audit firm KPMG said on Wednesday it had appointed veteran public servant and former chairman of the Development Bank of Southern Africa Wiseman Nkuhlu as its chairman.

Expert cautions NPA over corporate crime 17 January 2018, 9:00 AM

An expert in corporate crime, Bernard Hotz has warned authorities against making criminals know their intention to arrest them. 

Bitcoin jolted by regulation worries, falls 7% 17 January 2018, 7:59 AM

Bitcoin extended its sharp tumble of the past 24 hours, skidding more than 7% on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. The price of the world’s biggest and best-known crypto currency fell to […]

SAA cancels flights to Mauritius on cyclone fears 17 January 2018, 6:48 AM

South African Airways has cancelled flights between Johannesburg and Mauritius from Monday because of Cyclone Berguitta.

The Gupta brothers Ajay, Atul and Rajesh relocated to South Africa from India in 1993.
Hawks wait for NPA directive on Guptas 16 January 2018, 9:55 PM

The Hawks have denied claims that the Gupta brother’s arrests are imminent.

Mining sector steadily coming out of stagnation 16 January 2018, 6:38 PM

The mining sector is slowly but surely recovering out of the doldrums.Mining production output increased by 6.5 % year on year in November 2017.

All eyes on Reserve Bank Monetary Policy Committee 16 January 2018, 3:27 PM

All eyes are on the Monetary Policy Committee of the Reserve Bank as it meets this week amid calls that the bank cut rates to stimulate economic growth.

Shoprite interim turnover up by 6.3 % 16 January 2018, 12:40 PM

Retail group Shoprite said on Tuesday its turnover increased by 6.3% for the six months to December 2017, compared to 14% previously, with operations outside South Africa declining.

School uniform pricing probe results imminent 16 January 2018, 11:27 AM

The results of an investigation launched in 2017 by the Competition Commission about the high prices of school uniforms will be released soon.

Rand weaker ahead of rates decision 16 January 2018, 9:11 AM

South Africa's rand continued to trade sideways on Tuesday, inching weaker against the dollar with investors looking to hold positions ahead of a local interest rate decision later this week.

Outa welcomes ‘summons’ on Gupta linked companies 16 January 2018, 8:29 AM

The Organisation Undoing Tax Abuse (Outa) says they're elated following news reports that the Asset Forfeiture Unit is expected to serve summons on Tuesday on Gupta linked Trillian and consultancy firm, McKinsey for deals they had with Eskom and Transnet.

Deadline looms for submissions in Ntsebeza Commission 16 January 2018, 5:42 AM

The Ntsebeza Commission set up by the Institute of Chartered Accountants will close submissions in three days.

Transport union to consult on Transnet wage offer 15 January 2018, 8:33 PM

UNTU said on Monday that it will be consulting its members about the latest and "absolute final" wage offer tabled by South African freight and logistics group, Transnet.

Communications minister downplays SABC COO appointment rumours 15 January 2018, 4:50 PM

Communications minister Mmamoloko Kubayi-Ngubane says she is not aware of any appointment of a new COO for the SABC.

Steinhoff drops Springboks sponsorship 15 January 2018, 12:48 PM

Embattled South African international retail holding company, Steinhoff International, has withdrawn its sponsorship of the Springbok Men's and Women's, and SA Rugby Sevens Academy teams.

Carrim hits out at Maynier over Steinhoff accusations 15 January 2018, 6:59 AM

The Chairperson of the Standing Committee on Finance, Yunus Carrim has hit back at the DA Member of Parliament David Maynier for what he calls "political posturing."

Oil near three-year highs 15 January 2018, 6:19 AM

Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America. Brent crude futures LCOc1, the international benchmark for oil prices, were at $69.89 per barrel at 0308 […]

LVMH watch, jewellery sales up more than 10 pct in 2017 – Hublot CEO 14 January 2018, 9:37 PM

Luxury goods group LVMH’s watch and jewellery sales rose more than 10 percent last year, the head of the group’s Hublot brand said on Sunday. “For Hublot, sales were up 12 percent in 2017. The rise was more than 10 percent for the watch and jewellery business as a whole,” Hublot Chief Executive Ricardo Guadalupe […]

Bitcoin fever hits US real estate market 14 January 2018, 7:30 AM

Bitcoin fever has hit the US real estate market, especially that of Florida, offering foreign investors a way to dodge currency controls at home and US economic sanctions.

EFF calls on malls, shopping centres to evict H&M 13 January 2018, 3:03 PM

Economic Freedom Fighters in Tshwane is calling on malls and shopping centres to evict clothing store, H&M from their premises. EFF members stormed the H&M store in Menlyn, east of Pretoria, protesting over offensive inscriptions on clothes. Inscriptions include “Coolest monkey in the jungle” on clothes modeled by a black boy and “Survival Expert on […]

Business booms for East London’s small businesses 13 January 2018, 2:01 PM

The newly-elected African National Congress leadership received a warm welcome in East London during the party's 106 birthday celebrations.

H&M stores stormed in Gauteng 13 January 2018, 1:21 PM

Economic Freedom Fighters members have reportedly stormed shops of retail store H&M in Pretoria and Johannesburg.

Business booms for vendors at ANC celebrations 13 January 2018, 11:20 AM

With the summer weather upon us and the high humidity expected at a coastal town, summer items like flip flops, tshirts and caps have been flying off the shelves ahead of the ANC 106 celebrations in East London.