Centurion residents could be without power for four days

23 February 2019, 4:31 PM
It will take at least four days for power to be restored to some areas of Centurion in Pretoria which have been without power since Friday night.
DA awaits to see Mboweni’s rescue plan for Eskom 19 February 2019, 5:40 PM

The Democratic Alliance (DA) says it will be interesting to see how Finance Minister Tito Mboweni will finance Eskom while maintaining fiscal discipline. 

Near a hundred SABC Board nominations are disqualified: Committee 19 February 2019, 5:31 PM

Some opposition MPs in the Communications Portfolio Committee accuse the ANC of dragging its feet in filling vacancies on the South African Broadcasting Corporation (SABC) Board.

Mboweni expected to announce short-term intervention to rescue Eskom 19 February 2019, 3:42 PM

Political parties in Parliament expect Finance Minister Tito Mboweni to table how cash-strapped Eskom will be financed.

Taxpayers paid the price for political, economic uncertainty: Treasury 19 February 2019, 2:05 PM

An economist at National Treasury says taxpayers paid the price for the political and economic uncertainty after Nhlanhla Nene was fired as the Finance Minister.

SAA plane
SAA changes will not be an easy process: Editor 19 February 2019, 11:02 AM

The SAA CEO, Vuyani Jarana, announced that the national airline would be changing its operating model in efforts to reduce its massive debt.

Isaah Mhlanga, Executive Chief Economist at Alexander Forbes Investments
SOE’s to review operating models 19 February 2019, 10:59 AM

After much speculation about the unbundling of Eskom, President Ramaphosa in his response to parliament last week, said Eskom will not be privatised, but the three separate parts, - namely generation, transmission and distribution - will be 100% state owned.

Rand notes and coins
WATCH: Pre-budget briefing 19 February 2019, 9:49 AM

Members of Parliament get a pre-budget briefing in a Joint Meeting of the Standing Committee on Finance, Select Committee on Finance, Standing Committee on Appropriations and Select Committee on Appropriations.

Former Bosasa employee Frans Vorster testifying
Bosasa liquidation to add to high unemployment 19 February 2019, 9:00 AM

Technical executive of the South African Institute of Professional Accountants, Faith Ngwenya, says the liquidation of African Global Operations previously known as Bosasa is going to add to the high unemployment rate in the country.

Finance Minister Tito Mboweni
Mboweni expected to give details on unbundling of Eskom 19 February 2019, 5:52 AM

Eskom will be at the top of the agenda when Finance Minister Tito Mboweni unpacks his 2019 budget speech on Wednesday. The minister will have to explain to South Africans where and how he will find the money to save Eskom.

‘Bosasa should blame witnesses, not media for reputational damage’ 18 February 2019, 9:51 PM

An insolvency practitioner René Bekke says African Global Operations, formerly known as Bosasa, should not blame the media for the reputational damage it has suffered.

SAA still needs financial assistance 18 February 2019, 7:39 PM

South African Airways (SAA) spokesperson Tlali Tlali says the state airline will still need financial assistance from stakeholders to enable it to be restructured.

Motsepe denies allegations of unfair benefit in government deals 18 February 2019, 4:10 PM

Chairperson of the African Rainbow Energy and Power (AREP) Patrice Motsepe is adamant that his hands are clean and all his energy deals are above board.

Unbundling of SAA aimed at ensuring its financial sustainability: Tlali 18 February 2019, 3:00 PM

South African Airways (SAA) Spokesperson Tlali Tlali says the unbundling of the state-owned airline is aimed at ensuring its financial sustainability.

SAA planes
SAA to be split into three 18 February 2019, 12:05 PM

South African Airways is being separated into three components.

Bosasa set to apply for liquidation 18 February 2019, 12:01 PM

African Global Operations, previously Bosasa, has announced that it will apply for a voluntary liquidation.

Suretha Cruse
SAA introduces new customer rewards programme 18 February 2019, 10:23 AM

South Africa's ailing national carrier, South African Airways is looking to increase how it rewards its customers with the introduction of a card that will shift the way in which air miles are earned.

Asia shares up on optimism over trade talks, stimulus 18 February 2019, 6:49 AM

Asian share markets firmed on Monday as investors dared to hope for both progress at Sino-US trade talks in Washington this week and more policy stimulus from major central banks.

Eskom power lines
SA seeks to reopen costly renewable deals to help Eskom 17 February 2019, 3:14 PM

South Africa wants to talk to IPPs about lowering the price Eskom pays for electricity from older renewable energy projects, a senior minister told Reuters, as the state utility struggles to emerge from a financial crisis.

Finance Minister Tito Mboweni.
DA expects SABC loan guarantee in budget speech 17 February 2019, 6:21 AM

The DA says it expects Finance Minister Tito Mboweni to announce a loan guarantee for the South African Broadcasting Corporation (SABC) in his budget speech on Wednesday.

Mine worker
Eskom proposed price hike will adversely affect mining sector 16 February 2019, 4:04 PM

Four in ten mining companies could shut down if Eskom's demand for a 15% tariff hike is met, that's according to the Minerals Council South Africa.

Men shaking heads
Global stocks surge on hopeful signs from US-China trade talks 16 February 2019, 11:47 AM

European and US stock markets leapt on Friday as positive signs emerged from US-China trade talks aimed at averting an escalation of a tariff war between the world's top two economies.

Uber mobile app.
Uber posts $50 billion in annual bookings as profit remains elusive 16 February 2019, 10:39 AM

Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date.

Isuzu Motors SA celebrates milestone since taking over GM 15 February 2019, 9:18 PM

Isuzu Motors South Africa has just celebrated its first year as a fully fledged local vehicle manufacturer after taking over the operations of General Motors.

Tough budget speech ahead for Mboweni with growth-enhancing reforms 15 February 2019, 8:55 PM

Finanance Minister, Tito Mboweni, is expected to present a budget with growth enhancing reforms when he delivers his budget speech next week.

Minister Gwede Mantashe
Minister Mantashe visits Gloria Coal Mine 15 February 2019, 3:03 PM

Mineral Resources Minister Gwede Mantashe has raised concern about the lack of security at the Gloria Coal Mine in Middelburg in Mpumalanga which he feels led to the illegal miners gaining entry to the facility and becoming trapped.

Wim Vanhelleputte (C) giving an interview to journalists
MTN Uganda CEO deported over national security 15 February 2019, 10:30 AM

The chief executive officer of telecoms group MTN Uganda, a unit of South Africa’s MTN Group, has been deported from the East African country over national security concerns, Ugandan police said on Friday.

Miners in a mine shaft
Sibanye-Stillwater to cut over 6000 jobs 15 February 2019, 8:19 AM

Sibanye-Stillwater announced that over 6000 jobs are at risk of being cut at two of its gold mines - Shafts, in Beatrix in the Free State and Driefontein, west of Johannesburg.

President Cyril Ramaphosa
‘Mboweni will announce measures to assist Eskom’ 15 February 2019, 7:30 AM

President Cyril Ramaphosa says Finance Minister Tito Mboweni will announce government measures to assist Eskom to stabilise its finances.

Inside the American Stock Exchange
S&P 500 slips as grim retail sales data overshadows trade hopes 15 February 2019, 7:13 AM

The S&P 500 and the Dow slipped while the Nasdaq posted a slim gain on Thursday as investors struggled to square grim retail sales data with hopes that high-level talks in Beijing could resolve the ongoing US-China trade dispute.

E Cape municipalities at loggerheads over commercial farms 14 February 2019, 9:09 PM

Two district municipalities in the Eastern Cape, OR Tambo and Alfred Nzo, are at loggerheads over seven commercial farms worth more than R59 million bought near Kokstad.