Creepy crawlies present economic opportunity

21 August 2019, 5:51 PM
Innovative entrepreneur Robert Matsabisa saw a gap in the market by farming cockroaches and worms at Wells Estate in Port Elizabeth in the Eastern Cape.
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Robert Matsabisa
Speaker of Parliament agrees to DA’s job crisis debate request 14 August 2019, 8:40 PM

National Assembly Speaker Thandi Modise has agreed to schedule a debate on the country's jobs crisis requested by Democratic Alliance (DA) leader Mmusi Maimane

Retail sales record ‘moderate recovery’ 14 August 2019, 5:45 PM

Retail sales have recorded what economists are calling a moderate recovery.

V&A
Robben Island ferry operators cleared of price fixing 14 August 2019, 5:33 PM

Two companies that ferry passengers between Robben Island and the V&A Waterfront in Cape Town, have been cleared of price fixing and collusive tendering charges by the Competition Tribunal.

Steinhoff
PIC wanted to further invest into Steihoff: Naidoo 14 August 2019, 1:20 PM

Businessman and former unionist Ayendra Naidoo has told the Commission of Inquiry into the Public Investment Corporation (PIC) that the corporation wanted to make further investment in Steinhoff International Holdings because it foresaw commercial benefits.

Steinhoff
Steinhoff to cut Conforama jobs, non-retail assets 14 August 2019, 6:16 AM

South Africa's Steinhoff will sell off non-retail assets and cut jobs at its French retail chain Conforama as part of the scandal-hit company’s plan to slim down into an investment holding firm, management said on Tuesday.

Sibanye Stillwater
Sibanye Stillwaters’ wage offer is an insult to workers: Amcu 13 August 2019, 6:08 PM

AMCU President Joseph Mathunjwa says Sibanye Stillwaters' wage offer is an insult to workers and is a provocation for a strike.

Joseph Montisetse
Trade unions call for internal audit at Eskom 13 August 2019, 11:03 AM

The National Union of Mineworkers (NUM) is calling for an internal audit at Eskom, saying it believes corruption is continuing at the power utility's management level.

State Capture to resume on Tuesday 13 August 2019, 9:54 AM

The Commission of Inquiry into State Capture will on Tuesday morning continue hearing evidence regarding the controversial Estina Vrede Dairy Farm project in the Free State.

Political interference, poor management: reasons for Moody’s downgrading 13 August 2019, 9:40 AM

Political interference and poor management are some of the reasons businesses have cited for Moody's downgrading Mangaung Metro's credit rating.

Unemployment sign
Numsa calls for a jobs indaba 13 August 2019, 7:51 AM

The National Union of Metalworkers South Africa (Numsa) is calling on government to convene an urgent meeting with all the country’s social partners to deal with the job crisis. The call comes after recent shocking unemployment statistics in the country, which shows that at least 29% of South Africans are without jobs.

SAA cancels Hong Kong flights 12 August 2019, 7:11 PM

South African Airways (SAA) says it will only get an update later on Monday evening on the situation at Hong Kong International Airport and whether flights can be resumed to and from the country.

Women owned toilet paper manufacturing company awaiting SABS approval 12 August 2019, 4:13 PM

A women-dominated cooperative, which manufactures toilet paper at Durbacol in Newcastle in northern KwaZulu-Natal says once their product has been approved by the SABS, they will be able to trade with retail shops.

No red flags were picked up between Ayo and PIC deal: Matjila 12 August 2019, 3:43 PM

Former Public Investment Corporation CEO Dan Matjila has told the PIC Commission in Pretoria that they could have acted differently had they noticed any red flags in the Corporation's deal with Ayo Technology Solutions.

Fourie raised concerns regarding improper procurement processes in Estina project 12 August 2019, 12:47 PM

Former Free State Treasury official Anna Fourie has told the State Capture Commission that she raised concerns regarding the improper procurement processes followed in the approval of the Estina Dairy Farm Project.

Watch: Dan Matjila continues with testimony at PIC Commission 12 August 2019, 10:21 AM

The Commission of Inquiry into impropriety into the PIC continues to hear testimony on Monday  in Pretoria.

Italian bond yields fall from 5-week highs on ratings relief 12 August 2019, 10:05 AM

Italy's 10-year bond yield fell from five-week highs on Monday as a decision by Fitch to leave the country's rating unchanged bought some relief to a market hit by the prospect of early elections in the euro zone's third biggest economy.

State Capture to resume on Monday 12 August 2019, 10:03 AM

The Commission of Inquiry into State Capture is on Monday morning expected to resume in Parktown, Johannesburg, following a two-week break.

Cathay Pacific shares slump after China cracks down on staff protests 12 August 2019, 8:34 AM

Shares in Hong Kong flag carrier Cathay Pacific Airways fell more than 4%in early trade on Monday to close to a 10-year low, after the airline fired staff in response to demands from China.

US business coalition shows tariff hikes on Chinese imports hurt itself 12 August 2019, 5:56 AM

Tariff hikes imposed by the United States on Chinese imports is hurting the country itself, according to data released by a US pro-free trade online campaign "Tariffs Hurt the Heartland" on Saturday.

Volatility in China’s yuan due to escalating US trade friction 11 August 2019, 8:31 AM

Volatility in China's yuan since August is a normal market reaction to escalating trade frictions stoked by the United States and was caused, to some extent, by Washington's decision to raise tariffs, a senior Chinese central bank official said.

Eskom selling large quantities of electricity to Zimbabwe 10 August 2019, 8:03 PM

Eskom has confirmed it has started to sell large quantities of electricity to Zimbabwe again, fully reinstating a power export arrangement it had curtailed after the country failed to pay its debts.

SACTWU signs new wage agreement with SEE sector 10 August 2019, 4:46 PM

The Southern African Clothing and Textile Workers' Union (SACTWU), which is an affiliate of the Congress of South African Trade Unions ( Cosatu) has signed an agreement following negotiations with the Supported Employment Enterprises Sector.

Cyril Ramaphosa
New government measures will stimulate country’s economy: Ramaphosa 10 August 2019, 12:37 PM

President Cyril Ramaphosa says new measures government is implementing, will stimulate the country's stricken economy.

NAFCOC says illegal trade destroying businesses in retail sector 10 August 2019, 10:38 AM

The National African Federated Chamber of Commerce and Industry (NAFCOC) has applauded law enforcement agencies for the operations of seizing counterfeit and illegal goods in the Johannesburg CBD. 

Trump roils markets with comments on China trade, Huawei 10 August 2019, 6:38 AM

Ties between the world’s two largest economies have deteriorated dramatically since Trump announced on August 1, 2019 that he would impose a 10% tariff on a final $300 billion worth of Chinese imports on September 1, 2019 prompting China to halt purchases of US agricultural products.

A plate of food
Female street vendors steal spotlight on Women’s Day 9 August 2019, 7:29 PM

As the country celebrates Women's Month, spare a thought for the countless female street vendors out there. Many work from dawn to dusk in harrowing conditions.

President calls for upliftment of women in private sector 9 August 2019, 2:09 PM

President Cyril Ramaphosa has called on the private sector to open up job opportunities for women.

IEA warns oil demand growth so far in 2019 lowest since 2008 9 August 2019, 11:07 AM

Mounting signs of an economic slowdown and a ramping up of the U.S.-China trade war have caused global oil demand to grow at its slowest pace since the financial crisis of 2008, the International Energy Agency (IEA) said on Friday.

UK delays public spending review to focus on Brexit 9 August 2019, 6:42 AM

Chancellor Sajid Javid said he would delay a long-planned review of public spending due this year to allow officials to focus on preparing for Brexit on October 31.

Standard Bank
Standard Bank acknowledges mistake in branch closures 8 August 2019, 9:17 PM

Standard Bank has acknowledged that it made a mistake by closing some of its 90 branches. But it still insists that most of its customers use digital banking and do not visit the branches.