Unions deny meeting with SAA business rescue practitioner

13 December 2019, 10:12 AM
Unions at South African Airways have denied meeting with the airline's business rescue practitioner Les Matuson despite reports to the contrary.
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Numsa calls for scrapping of SOE Boards 6 January 2018, 8:27 PM

Numsa has called on government to scrap the Boards of all state-owned entities (SOE).

Numsa calls for government to scrap-off SOE boards 6 January 2018, 11:16 AM

The National Union of Metalworkers of South Africa (Numsa) has called on government to scrap the Boards of all state-owned entities.

Numsa condemns Koko, Govender reinstatement at Eskom 6 January 2018, 9:40 AM

The National Union of Metalworkers of South Africa (Numsa) has condemn the decision by the Eskom board to re-instate Eskom's former acting CEO Matshela Koko and acting head of group capital, Prish Govender to their positions.

SAA resumes flights to and from New York after massive winter storm 5 January 2018, 8:02 PM

South African Airways (SAA) said on Friday it had resumed flights to and from New York’s John F Kennedy (JFK) International Airport. This comes after SAA cancelled flights between Johannesburg and New York on Thursday due to adverse weather conditions on the US east coast. The American east coastline has been hit by a deep […]

Steinhoff shares are 40% stronger on Monday after dropping 90% of their value last week.
Steinhoff requires near-term liquidity for some businesses 5 January 2018, 6:41 PM

Retailer group Steinhoff International Holdings N.V. said on Thursday significant near-term liquidity was still required in some of its business units although it had has achieved some degree of stabilisation after revelations of accounting irregularities triggered a run on its shares in December.

NUM welcomes Koko’s reinstatement at Eskom 5 January 2018, 2:28 PM

The National Union of Mineworkers (NUM) said on Friday that it welcomes the reinstatement of Matshela Koko as group executive at Eskom, but called for a full investigation into allegations of corruption at the power utility.

NSFAS urges former students to pay back money owed 4 January 2018, 4:41 PM

The National Student Financial Aid Scheme (Nsfas) has called on all former students who owe the scheme money to pay up.

Building hijacking kingpin remanded in custody 4 January 2018, 4:05 PM

The bail application of the alleged kingpin behind a building hijacking syndicate has been postponed until next Wednesday in the Johannesburg Magistrates Court.

Zuma’s free education promise could strain budget 4 January 2018, 3:12 PM

President Jacob Zuma stirred a hornet’s nest with his sudden pronouncement of free higher education for the poor last month, raising fears of chaos at universities now facing a barrage of applications from thousands of hopeful students who have just finished high school.

Eskom adamant disciplinary process was transparent 4 January 2018, 9:08 AM

Eskom is adamant that the disciplinary process that cleared two of its senior executives of any wrongdoing was transparent. 

Eskom defends reinstatement of senior executives 3 January 2018, 7:42 PM

Power utility Eskom says it is ready to defend itself if the Democratic Alliance (DA) takes legal action against the company's decision to reinstate two of its senior executives.

Wall Street set to rise on global growth signs 3 January 2018, 6:46 PM

Wall Street was set to open higher on Wednesday as signs of faster global growth around the world added to upbeat investor sentiment following a U.S. tax overhaul. U.S. stocks kicked off 2018 on a strong note on Tuesday, with the S&P 500 and the Nasdaq closing at record levels as technology stocks advanced. “The […]

Koko, Govender reinstated at Eskom 3 January 2018, 5:49 AM

Two senior Eskom executives, Matshela Koko and Prish Govender, have been reinstated. According to a letter from the power utility's CEO Shaun Maritz, a disciplinary process has cleared Koko and Govender of any wrongdoing.

Troubled Steinhoff to restate results 2 January 2018, 6:10 PM

The scandal-hit South African retail giant Steinhoff announced Tuesday it would restate some financial results for 2015 and 2016 amid a probe into accounting irregularities.

Petrol price to go down at midnight 2 January 2018, 3:10 PM

Great news for motorists, from midnight the price of 95 unleaded petrol will come down by 34 cents.

Denosa calls for protection of emergency service workers 1 January 2018, 12:19 PM

The Democratic Nursing Organisation of South Africa (DENOSA) has joined growing calls for communities to protect emergency services workers.

Fuel prices to go down 1 January 2018, 12:03 PM

The Department of Energy has confirmed that fuel prices will decrease at midnight Tuesday.

Prominent British CEO among those dead in Sydney seaplane crash 1 January 2018, 9:12 AM

A high-profile British CEO and his family were among six people killed in a New Year's Eve seaplane crash in Australia, police said Monday.

Zuma acknowledge SA’s economic challenges 31 December 2017, 6:44 AM

President Jacob Zuma has conceded that South Africa has been facing serious economic challenges in the year that is about to end.

OUTA, Stop C.O.C.T to challenge City of C Town’s proposed drought levy 30 December 2017, 3:30 PM

The City of Cape Town has defended its decision to start the process of public participation on its proposed drought levy this month.

Mpumalanga businesses welcome High Court ruling on Eskom power cuts 30 December 2017, 2:32 PM

Businesses in the Thaba Chweu Municipality in Mpumalanga have welcomed the High Court ruling that Eskom should suspend the power interruptions until the end of January.

Corruption robs the poor of basic needs 30 December 2017, 10:00 AM

Economist Iraj Abedian has described as tragic the fact that no one has been held responsible in both the political and business arenas for what he terms monumental damage to the economy.

Elle awards honour female entrepreneurs 30 December 2017, 8:50 AM

The Elle Boss awards have for the past three years celebrated women who are doing exceptional well in the world of business.

Apple lawsuits bite: tech stocks hit by iphone X woes 29 December 2017, 7:26 PM

Apple Inc defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change.

Petrol price to drop in January 29 December 2017, 12:37 PM

The price of petrol is predicted to drop by over 30-cents a litre and that of diesel by 26-cents a litre next month.

Legal battle over platinum-rich Brits to be heard next month 29 December 2017, 7:31 AM

A potentially groundbreaking legal battle over platinum-rich land in Brits in the North West will be heard next month in the High Court in Pretoria.

Steinhoff shares are 40% stronger on Monday after dropping 90% of their value last week.
Ratings agency Moody’s downgrades Steinhoff 28 December 2017, 4:06 PM

International retailer Steinhoff has been downgraded by rating agency Moody's.

Rand trading strongly 28 December 2017, 8:34 AM

The rand is still trading strongly on the wave of positive sentiment that's following Cyril Ramaphosa's election as ANC president.

South Korea to impose new regulatory curbs on cryptocurrency trading 28 December 2017, 7:25 AM

South Korea's government said on Thursday it will impose additional measures to regulate speculation in cryptocurrency trading within the country.

Mpumalanga residents up in arms after Eskom cuts off power 27 December 2017, 6:15 PM

Some Mpumalanga residents are bearing the brunt of outstanding Eskom bills.