Numsa rejects Eskom GCEO appointment

18 November 2019, 8:15 PM
Numsa has rejected the appointment of Andre de Ruyter as new Eskom GCEO, saying it goes against the transformation programme.
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Lonmin project on verge of collapsing 13 November 2017, 5:50 PM

R1,6 billion in mining contracts, awarded by the world's third largest platinum producer, Lonmin to the Bapo Ba Mogale community near Brits in the North West, are at risk of total collapse.

Vodacom records revenue growth 13 November 2017, 3:45 PM

Vodacom says it will fully comply with the competition commission’s investigation into compliance on the national treasury's transversal contract for mobile communications services.

Sachs will speak about his reasons when he is ready: Tshwete 13 November 2017, 3:18 PM

Finance ministry spokesperson, Mayiholme Tshwete says Michael Sachs has expressed an interest to move to other areas of government to continue serving the public in a different role.

Rand loses 1% against US dollar 13 November 2017, 2:29 PM

The rand has lost more than 1% on Monday morning against the US dollar following unconfirmed media reports of the resignation of budget office head, Michael Sachs.

Philiso’s bonus payment shocks Bemawu 13 November 2017, 10:44 AM

Trade union Bemawu has expressed shock at a bonus payment awarded to SABC acting group CEO Nomsa Philiso.

Presidency rejects rumours of free education announcement 13 November 2017, 6:40 AM

The Presidency says President Jacob Zuma has no plans to announce a programme for free higher education until he reviews the report of a commission studying the feasibility of such a programme.

Mbete to speed up processes to deal with taxi industry challenges 10 November 2017, 7:59 PM

National Assembly Speaker, Baleka Mbete, says she will speed up processes in Parliament which deal with problems facing the taxi industry in the country.

Stakeholders ask Nersa to dismiss Eskom’s tariff hike 10 November 2017, 5:14 PM

Stakeholders from various sectors have pleaded with the Nersa to consider the impact of Eskom's latest application for tariff hikes.

Reserve Bank independence not under threat: Kganyago 10 November 2017, 12:37 PM

Reserve Bank Governor Lesetja Kganyago has been confronted by questions about the Reserve Bank's independence among a host of issues being addressed at the SA Tomorrow Investor Conference in New York.

Rand extends losses on jitters over education spending 10 November 2017, 12:20 PM

South Africa's rand eased on Friday, extending losses triggered on Thursday after comments by President Jacob Zuma raised concerns about higher spending on education, which would put added strain on the country's already stretched public finances.

SA’s Finance Minister reassures investors in New York 10 November 2017, 11:45 AM

Finance Minister Malusi Gigaba says United States investors are concerned with the country's fiscal consolidation, stabilizing the debt and political uncertainty that is hurting the country's economic growth prospects.

Oil markets stable, but analysts expect high volatility ahead 10 November 2017, 5:35 AM

Oil markets were little changed on Friday, supported by on-going supply cuts and strong demand, although the prospect of rising US shale output capped prices around recent gains.

VW SA at loggerheads with SARS over PAA taxing 9 November 2017, 7:52 PM

Volkswagen South Africa says it will be an injustice if SARS is allowed to tax the investment incentive used to improve the automotive industry.

Money owed to municipalities escalates to R128 billion: Treasury 9 November 2017, 7:06 PM

The National Treasury says municipal debt owed by households, commercial entities as well as state organs has escalated to R128 billion.

SA economy moving in the right direction: Zuma 9 November 2017, 3:58 PM

President Jacob Zuma says the fact that South Africa was recently able to move out of a technical recession despite tough economic conditions, is proof that the economy is moving in the right direction

More concerns over possible Moody’s downgrade 9 November 2017, 3:15 PM

Rating agency, Moody's this week flagged South Africa's downgrade as important because of the country's weakening institutions, declining growth and increasing debt levels.

Gordhan urges ethical business practices 9 November 2017, 12:40 PM

Former Finance minister Pravin Gordhan has encouraged the members of the Business Ethics Network of Africa, or Ben-Africa, to lead the way in upholding good and ethical business standards.

NUM confirms coal sector strike 9 November 2017, 9:09 AM

The National Union of Mineworkers has confirmed that it plans to embark on a strike in the coal sector.

Magashule scorns profit-driven mines 9 November 2017, 7:10 AM

Free State Premier Ace Magashule has lashed out at mining companies for focusing on dividends rather than on the plight of people.

‘This was brazen theft’: Suspended Head of Legal Services 8 November 2017, 9:10 PM

Suspended Head of Legal Services and Governance at Eskom Suzanne Daniels has confirmed that she met the Gupta family through their associate, Salim Essa. Daniels was testifying in Parliament before the Public Enterprises Committee Inquiry into State Capture and poor governance. Daniels has been grilled for, among other things, coal contracts that the power utility […]

Social grants distribution deadlock breakthrough 8 November 2017, 7:41 PM

Minister in the Presidency Jeff Radebe has announced a hybrid payment system, involving both the Post Office and the social security agency, SASSA.

Task team to oversee Sassa, Post Office deal 8 November 2017, 12:35 PM

The Inter-Ministerial Committee (IMC) into the payment of social grants says it has taken a decision to fast-track the introduction of an integrated grants payment system. It will be provided through a partnership between the South Africa Post Office and the Social Security Agency (Sassa). This follows a breakthrough in the social grants impasse. The […]

Sassa, Post Office reach grant payment deal 8 November 2017, 10:36 AM

The South African Post Office and the social security agency Sassa are reported to have reached a social grants agreement.

WATCH: Public Enterprises Committee probe into Eskom 8 November 2017, 10:01 AM

The Public Enterprises Committee continues its probe into Eskom, former executives to appear.

WATCH: Scopa meeting on Sassa, Sapo 8 November 2017, 9:57 AM

Scopa is giving an update from National Treasury on Review of points of impasse between the South African Social Security Agency (Sassa) and the South African Post Office (Sapo).

Rand recovers after selloff 8 November 2017, 9:31 AM

The rand firmed against the dollar early on Wednesday, staging a recovery from losses suffered in the previous session in a broad emerging markets sell-off and as lingering concerns over the health of the economy weighed.

Transport Minister calls for a peaceful taxi strike 8 November 2017, 8:15 AM

Transport Minister Joe Maswanganyi has called on all striking members of the National Taxi Alliance to demonstrate peacefully and avoid disruptions.

SA banks have failed to transform: Malema 8 November 2017, 6:10 AM

EFF leader Julius Malema says South African banks have failed to transform.

Taxi strike irks Pretoria commuters 8 November 2017, 6:08 AM

No roads have been barricaded in Pretoria despite the planned taxi strike Wednesday.

EFF seeks to nationalize banks 7 November 2017, 7:39 PM

Economic Freedom Fighter leader Julius Malema says his party will propose legislation that would give effect to the nationalisation of banks without compensation.