Plans afoot to make Mthatha an economic hub

18 December 2018, 9:13 PM
Eastern Cape Economic Development and Tourism MEC, Oscar Mabuyane  says plans are afoot to make Mthatha the province's economic hub.
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Zwelinzima Vavi sitting
Vavi weighs in on public office bearers’ salary increment 8 December 2018, 7:05 PM

Saftu General Secretary, Zwelinzima Vavi, says President Cyril Ramaphosa must be congratulated for the no salary increase to certain public office bearer.

CCMA Logo
CCMA talks on national minimum wage 8 December 2018, 9:53 AM

CCMA commissioners are holding talks on how to improve implementation of the upcoming minimum wage with various stakeholders, currently in Cape Town. 

Tsogo Sun invests R1.6 billion in KwaZulu-Natal Golden Mile 7 December 2018, 9:14 PM

One of South Africa's largest corporate investors, Tsogo Sun, has invested R1.6 billion in the KwaZulu-Natal Golden Mile.

CCMA to enforce minimum wage implementation 7 December 2018, 8:29 PM

The CCMA has been granted more powers and responsibilities to enforce the national minimum wage.

Striking security officers lock out Kusile Power Station 7 December 2018, 8:18 PM

Operations have been disrupted at Kusile Power Station in Emalahleni in Mpumalanga. This after security guards embarked on a strike and closed the gates into the Power station demanding payment from the company contracted by the power utility Eskom.

Eskom must restructure to remain sustainable: Analysts 7 December 2018, 6:32 PM

Analysts say Eskom must urgently consider restructuring and reducing its overheads in order to remain sustainable and that the bad business decisions that Eskom made over the years have contributed to the current crisis that it is facing.

OPEC and partners near deal over cuts in production 7 December 2018, 5:25 PM

OPEC ministers presented a "final draft" of an agreement for oil production cuts to a meeting Friday with partner countries including Russia, as oil prices rebounded at news that a deal may be close.

Ramaphosa officially proclaims date for National Minimum Wage 7 December 2018, 3:29 PM

President Cyril Ramaphosa has officially proclaimed the National Minimum Wage of R20 an hour at an event in Kliptown, Soweto, on Friday.

Absa bank aims to lift lagging return on equity by 2021 7 December 2018, 12:50 PM

South African lender Absa Group set out new targets to raise its return on equity(RoE) by around 4% by 2021, from levels currently among the lowest of South Africa's big four banks.

PIC reveals Nene’s son involvement in transaction 7 December 2018, 5:43 AM

The Public Investment Corporation says it was aware that the son of former Finance Minister Nhlanhla Nene was involved in a transaction the Public Investment Corporation (PIC) made with Mozambican S&S Refineries.

Petra Diamonds completes sale of its Kimberley Ekapa Mining Joint Venture stake 6 December 2018, 9:15 PM

Kimberley-based mining company, Petra Diamonds, has announced the completion of the sale of its 75.9% stake in the Kimberley Ekapa Mining Joint Venture.

Fitch not likely to downgrade SA’s rating anytime soon 6 December 2018, 8:45 PM

Economists say rating agency Fitch is not likely to downgrade South Africa's rating anytime soon.

Zones can help launch economic recovery says Ramaphosa 6 December 2018, 5:47 PM

President Cyril Ramaphosa says Special Economic Zones can work as launching pads for much needed economic recovery in the country.

Pravin Gordhan briefing the media
Sabotage in Eskom electricity system cannot be ruled out: Gordhan 6 December 2018, 5:35 PM

Public Enterprises Minister Pravin Gordhan says Eskom has come up with a plan which will be updated weekly between now and the end of January with regard to making efforts to keep lights on.

Watch | Eskom briefs media on its current operational challenges 6 December 2018, 2:45 PM

Eskom is set to brief the media on Thursday afternoon at Megawatt Park in Johannesburg as it struggles to keep the lights on.

Former COO Hlaudi Motsoeneng
Motsoeneng’s success fee discovered during audit process: SABC 6 December 2018, 12:10 PM

The High Court in Johannesburg has heard that the SABC only found out during an audit process that its former COO Hlaudi Motsoeneng received a success fee of R11.5 million.

Huawei
China furious over Huawei CFO arrest 6 December 2018, 11:41 AM

China reacted furiously on Thursday after a top executive and daughter of the founder of Chinese telecom giant Huawei was arrested in Canada following a US extradition request, threatening to rattle a trade war truce with the United States.

Payi on Morning Live
Bond markets not the solution for Eskom: Economist 6 December 2018, 10:33 AM

Eskom reportedly has exorbitant debt that amounts to R419 billion. The power utility is not selling enough power to cover its costs.

Cash strapped Denel seeks R1.5-billion cash injection 6 December 2018, 7:24 AM

State-owned arms manufacturer Denel says it needs a financial injection of about R1.5-billion for its operational projects and new programmes.

Nissan car in plant.
Nissan hit by Inspection scandal 6 December 2018, 7:19 AM

Nissan plans to conduct another recall owing to "improper" tests on new vehicles, dealing a fresh blow to the Japanese car giant following the shocking arrest of former chairperson Carlos Ghosn.

SABC building in Johannesburg
SABC Board member Krish Naidoo confirms resignation 6 December 2018, 5:43 AM

SABC Board member Krish Naidoo has confirmed to the public broadcaster's Radio News that he has resigned.

SAMWU Logo
Workers vow to continue strike until demands are met 5 December 2018, 8:56 PM

The Masilonyana Municipality workers in Theunissen in the Free State are demanding the reversal of a decision to put the municipality under administration.

Jobs posture
Community members protest over jobs, business opportunities 5 December 2018, 5:05 PM

Hundreds of community members in Tshamahansi village outside Mokopane in Limpopo have threatened to shut-down Ivanplats mine if the mine management fails to meet their demands.

FNB logo and notes and coins
Customers taking FNB to court over theft 5 December 2018, 4:21 PM

A group of 60 customers is taking FNB to court over a theft that happened two years ago.

Monet and Savings signs
NCR urges consumers to spend responsibly during festive season 5 December 2018, 1:32 PM

During the festive season, many consumers tend to overspend and find themselves in trouble in the new year; with the country showing economic improvement, consumers may think that they have money.

Stella Ndabeni Abrahams
SOS Coalition warns the new Communications Minister 5 December 2018, 12:00 PM

The civil society group SOS Coalition has warned the new Communications Minister Stella Ndabeni-Abrahams that she may be acting unlawfully by meddling in SABC affairs.

The Kaombo Norte, an oil tanker converted into a FPSO vessel, owned by the French Total oil company.
On an oil ship off Angola, life is work and privacy is a luxury 5 December 2018, 6:13 AM

The ship, owned by the French Total oil company, is an oil tanker converted into a FPSO vessel, pumping oil from deep under the seabed into its vast holds before collection -- a major innovation for the industry.

SABC Headquarters
Save our SABC coalition calls on stakeholders to regroup 5 December 2018, 6:01 AM

The Save Our SABC coalition has called on stakeholders at the public broadcaster to regroup amid reports that two board members have resigned.

An image of paperwork
Indonesia wants SA to reciprocate by dropping visa requirements 4 December 2018, 5:52 PM

Indonesia wants South Africa to reciprocate, after the East Asian country's recent move to do away with visa requirements for locals visiting its country.

R100 notes
SA exits recession 4 December 2018, 12:04 PM

Statistics South Africa released the economic growth rate or GDP for the third quarter, which came in at 2-point-2 percent quarter-on-quarter positive growth.