Mine deaths reduced as safety improves

24 January 2020, 6:25 PM
The Department of Mineral Resources and Energy has announced a 37% fall in mine deaths as safety improves.
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SAA flights operating normally, despite bailout delays 20 January 2020, 2:21 PM

SAA says its flights to all destinations are operating normally, after talks on a bailout plan for the state carrier ended without a solution at the weekend.

UK-Africa Summit to focus on finance and investments 20 January 2020, 10:57 AM

Team South Africa to communicate at the UK-Africa Investment Summit that despite challenges, the country remains a top investment destination.

It can’t be business as usual while SAA has problems: SACCA 20 January 2020, 7:00 AM

South African Cabin Crew Association (SACCA) says it cannot be business as usual while South African Airways (SAA) has a countless number of problems.

Eskom
Repositioning SOEs within government won’t work, says analyst 20 January 2020, 6:22 AM

A political analyst from the North West University, Professor Andre Duvenhage, says the repositioning of State Owned-Entities (SOEs), will not address the problems these institutions are facing.

SACCA expresses serious concerns about SAA’s future 19 January 2020, 9:40 PM

The SACCA has expressed serious concerns about the future of SAA ahead of the expiry of Sunday's deadline for government to grant the embattled airline a R2 billion bailout.

CWU angered by Telkom’s proposed job cuts 19 January 2020, 5:37 PM

South Africa's Communication Workers Union (CWU) is angered by Telkom's plan to cut up to 3,000 workers, it said on Sunday and called for an urgent meeting with the ruling party and the Minister of Communication.

Javid aims to double UK growth after Brexit 19 January 2020, 8:39 AM

Finance minister Sajid Javid is aiming to roughly double Britain’s underlying rate of economic growth after it leaves the European Union, but will not champion big manufacturing sectors that want to stick to EU rules.

German cabin crew union plans further strikes at Lufthansa 19 January 2020, 7:47 AM

German cabin crew union, UFO, said on Saturday it was planning further strikes at Lufthansa to increase pressure on management after talks with Germany’s largest airline and two potential mediators did not yield any results.

Funding for communal farmers in North West a concern 18 January 2020, 9:55 PM

Funding for communal farmers continues to be a point of contention, especially for those farming on state land.

Police conduct raid at Lily mine to curb illegal mining 18 January 2020, 5:22 PM

Police are conducting a raid at Lily mine near Barberton in Mpumalanga in an attempt to curb the illegal mining.

Shares set fresh records, lifted by US housing data 18 January 2020, 1:42 PM

Key world equity indexes scaled new highs on Friday, boosted by a surge in US housing starts to levels last seen in 2006, while the greenback rose to a one-week high against the euro on expectations of solid economic growth.

Unions call for accountability, want the entire SAA board to resign 18 January 2020, 9:13 AM

Numsa and the South African Cabin Crew Association have called for the immediate resignation of the entire South African Airways Board.

UK consumers cut back on spending again 18 January 2020, 6:42 AM

British consumers failed to increase their spending for a record fifth month in a row in December, adding to signs of economic weakening that might prompt the Bank of England to cut interest rates this month.

A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff.
US to look at sudden acceleration complaints involving 500 000 Tesla vehicles 18 January 2020, 5:54 AM

The US National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate 500 000 Tesla Inc vehicles over sudden unintended acceleration reports.

Facebook
Facebook sued in US federal court for alleged anti-competitive conduct 17 January 2020, 6:30 PM

Four companies sued Facebook Inc in US federal court on Thursday for alleged anti-competitive conduct, saying the social network inappropriately revoked developer access to its platform in order to harm prospective competitors.

CWU calls for Telkom to help affected employees set up businesses as retrenchments loom 17 January 2020, 12:38 PM

The Communication Workers Union (CWU) wants workers who will be affected by the planned retrenchments at Telkom to be assisted to set up their own businesses.

Solidarity asks for moratorium on looming Telkom retrenchments 17 January 2020, 10:04 AM

Trade union Solidarity has asked for a moratorium on retrenchments at Telkom.

Mashudu-Raphetha
Treasury in talks for extra funding as SAA woes continue 17 January 2020, 9:47 AM

The National Transport Movement (NTM) says South African Airways (SAA) is at severe financial risk and urgently needs the additional R2 billion bailout promised by the government.

Flags
US Senate passes North America trade deal, Canada still to approve 17 January 2020, 6:03 AM

The US Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labour and automotive content but leaves $1.2 trillion in annual US-Mexico-Canada trade flows largely unchanged.

Moody's
SA still faces a risk of rating downgrade by Moody’s: Economists 17 January 2020, 5:27 AM

Economists say South Africa still faces the risk of a rating downgrade by Moody's even though the Reserve Bank's Monetary Policy Committee has cut the repo rate by 25 basis points.

China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note 17 January 2020, 5:23 AM

China's economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown.

South African Airways
SAA puts its Airbus aircrafts and engines for sale 16 January 2020, 7:44 PM

SAA has put up nine of its Airbus aircraft and 15 spare engines for sale.

25 basis points reduction not going to boost SA economy: Economists 16 January 2020, 6:16 PM

Some economists say the Reserve Bank's Monetary Policy Committee's decision to reduce the repo rate by 25 basis points will not do much to boost the ailing economy.

Repo rate cut by 25 basis points 16 January 2020, 4:17 PM

The Reserve Bank's Monetary Policy Committee has decided to cut the repo rate by 25 basis points to 6.25%.

SAA
DA wants SAA Business Rescue Practitioner to give update on bailouts 16 January 2020, 3:09 PM

DA MP Alf Les has called for SAA Business Rescue Practitioner Les Matuson to appear before Parliament to update it about the future bailouts required for the cash-strapped entity.

SAA warns of flight cancellations and delayed salary payments 16 January 2020, 1:55 PM

SAA might be forced to suspend some flights and delay salary payments if government doesn't come up with a plan soon to provide the R2 billion it promised the airline last month.

Airlink to operate under own flight code 16 January 2020, 1:50 PM

Africa’s largest privately-owned airline, Airlink says it will operate under its own “4Z” flight code on services operated with effect from June 11, 2020.

Mboweni to assure investors at WEF about independence of SARB 16 January 2020, 12:55 PM

Finance Minister Tito Mboweni says he will assure investors at the WEF in Davos about the independence of the Reserve Bank and the government's intention to implement economic reforms.

State interference led to NECSA resignations: Energy Expert 16 January 2020, 9:26 AM

Energy Expert, Ted Blom says the recent resignations at the South African State Nuclear Company (NECSA) is as a result of state interference.

Ethiopian Airlines to start building new $5 bln airport this year: CEO 16 January 2020, 8:26 AM

Ethiopian Airlines will start constructing a new $5 billion airport later this year, its chief executive officer was quoted as saying on Wednesday, as the rapidly-expanding carrier outgrows capacity at its current base in Addis Ababa.