Free State municipalities on brink of financial collapse

20 October 2019, 3:51 PM
Several Free State municipalities are on the brink of financial collapse due to mounting debts running into billions of rand.
Former SABC COO Chris Maroleng.
Maroleng takes SABC to CCMA over dismissal 10 October 2019, 11:28 AM

Former South African Broadcasting Corporation COO Chris Maroleng who was fired earlier this year is taking the public broadcaster to the Commission for Conciliation, Mediation and Arbitration in Johannesburg.

GM’s third-quarter China vehicle sales down 17.5%, as US automakers cede ground 10 October 2019, 10:52 AM

General Motors Co’s July to September vehicle sales in China fell 17.5%, as the United States (US) automaker was hurt by a slowing economy amid the Sino-US trade war and by heightened competition in its key mid-priced SUV segment.

Surve slams Gordhan for using state entities to fight political battles 10 October 2019, 7:56 AM

Chairperson of the Sekunjalo Group, Dr Iqbal Surve, has accused Public Enterprises Minister Pravin Gordhan of using state institutions to fight political battles.

Rand pauses slide as risk clouds gather 9 October 2019, 3:05 PM

South Africa’s rand was little changed early on Wednesday as traders took profits on the dollar and braced for more volatility, with hopes fading for a trade truce between the United States and China.

New IMF chief says trade tensions could cut global GDP by $700 billion 9 October 2019, 11:52 AM

Trade disputes are taking a toll on the global economy, substantially weakening manufacturing activity and investment and holding back economic potential, Kristalina Georgieva, new chief of the International Monetary Fund (IMF), said on Tuesday.

WATCH: Eskom briefs the Public Enterprises Committee on its annual report 9 October 2019, 10:22 AM

Eskom briefs the Public Enterprises Committee on its annual report. 

OUTA to oppose Myeni’s application for case postponement 9 October 2019, 9:32 AM

Former SAA board chairperson Dudu Myeni has been given until Wednesday to file an application for the postponement of her delinquent director court case.

Newcastle mayor welcomes court ruling on Eskom 9 October 2019, 6:07 AM

Mayor of Newcastle in KwaZulu-Natal Ntuthuko Mahlaba has welcomed the ruling of the High Court in Pietermartzburg which has ordered Eskom not to cut off electricity supply to the town in the north of the province.

Ramaphosa to chair first Economic Advisory Council Meeting 8 October 2019, 9:55 PM

President Cyril Ramaphosa is set to chair the first Presidential Economic Advisory Council Meeting in Cape Town on Wednesday.

Botswana forecasts slower GDP growth, wider deficit this year 8 October 2019, 8:34 PM

Botswana’s economy is expected to grow at a slower pace this year compared to last year, the deputy secretary in the ministry of finance said on Tuesday, with the services sector set to drive growth in the medium term.

Auditor General presents startling report on SOEs 8 October 2019, 5:07 PM

Four of the seven state-owned enterprises that report to the Department of Public Enterprises have been receiving either qualified or disclaimed audit reports for the past five years.

Court rules Eskom cannot disconnect electricity in Newcastle Municipality 8 October 2019, 12:11 PM

The Pietermaritzburg High Court has ruled in favour of the Newcastle Municipality on the northern KwaZulu-Natal in an ongoing dispute with Eskom.

Judgment expected in the Newcastle municipality and Eskom case 8 October 2019, 10:36 AM

The Pietermaritzburg high court is expected to hand down its decision in the matter between the Newcastle municipality on the northern KwaZulu-Natal and Eskom.

SABC Building
‘SABC will have to work towards financial sustainability’ 8 October 2019, 7:53 AM

The SABC's Chief Financial Officer says despite the public broadcaster receiving a cash injection from government, the public broadcaster will have to work towards financial sustainability.

Oracle to hire 2,000 workers to expand cloud business to more countries 8 October 2019, 7:21 AM

Oracle Corp (ORCL.N) plans to hire nearly 2,000 additional workers as part of an aggressive plan to roll out its cloud computing services to more locations around the world, its cloud chief told Reuters on Monday.

SABC to prioritise settling outstanding accounts 7 October 2019, 7:06 PM

The SABC says it will prioritise settling outstanding accounts from its service and content providers while maintaining sound cash management principles.

Court grants interim interdict against AirChefs planned strike 7 October 2019, 4:30 PM

The Labour Court in Johannesburg has granted an interim interdict against the planned strike action by National Union of Metalworkers of South Africa affiliated workers from Air Chefs.

Air Chefs’ decision to demand urgent interdict “outrageous” 7 October 2019, 7:25 AM

The National Union of Metalworkers of South Africa (NUMSA) has described as outrageous the decision by Air Chefs management to demand an urgent interdict against a planned strike by workers.

Afasa working with government to deal with drought 6 October 2019, 9:01 PM

President of the African Farmers' Association of South Africa (Afasa), Dr Vuyo Mahlati, says they are in constant discussions with the government in a bid to mitigate the impact of the drought on the farming community.

Phakamile Hlubi
OR Tambo, Cape Town and King Shaka Airports may be affected by Airchefs strike 6 October 2019, 7:01 PM

The National Union of Metalworkers of South Africa (NUMSA ) has warned that people who intend to fly should that its members at Airchefs will embark on a strike if the Labour Court in Johannesburg rules in favour of the union on Monday.

SABC workers fear bailout will be used to effect mass retrenchments: Union 5 October 2019, 7:35 AM

The Broadcasting, Electronic, Media and Allied Workers Union (Bemawu) at the SABC say a climate of fear is persisting at the public broadcaster, especially since the announcement of the partial bailout from Government.

Denel’s turnaround plan set to restore company sustainability 5 October 2019, 6:51 AM

Arms manufacturer Denel says the turnaround plan its Board has introduced remains at the core of its strategy to return the company to sustainability.

Small enterprises in KZN receive cash injection 4 October 2019, 7:55 PM

Over fifty youth-owned small enterprises in KwaZulu-Natal have been given a shot in the arm. They've received a cash injection of over R77 million  to grow their businesses.

SABC bailout to come in handy: Makhathini 4 October 2019, 12:22 PM

The South African Broadcasting Corporation's (SABC) Board Chairperson, Bongumusa Makhathini, says the bail out from Treasury will come in handy for the public broadcaster's road to recovery.

Denel reports R1.9 billion loss 4 October 2019, 12:01 PM

Struggling state-owned defence company, Denel, has reported an operating loss of R1.9 billion for the year to March 31, it said on Friday.

BP names Bernard Looney as next CEO 4 October 2019, 10:56 AM

BP on Friday appointed head of upstream Bernard Looney as chief executive to succeed Bob Dudley when he retires next year after leading the oil and gas company back to growth from near collapse in 2010.

SABC receives R2.1 billion bail out 4 October 2019, 9:22 AM

Communications Minister, Stella Ndabeni Abrahams has just announced that the SABC will be receiving R2.1 billion on Monday as part of the R3.2 billion bail out.

Communications Minister to brief media on SABC funding 4 October 2019, 5:43 AM

Communications Minister Stella Ndabeni-Abrahams is on Friday expected to brief the media on the SABC's funding allocation from the National Treasury.

Government must ensure municipalities pay Eskom: Num 3 October 2019, 7:10 PM

Experts speaking at the Joburg Indaba agree that a sustainable energy supply is critical for the growth of the mining industry.

Tax complaints against Sars increases by 33%: Tax Ombudsman 3 October 2019, 7:04 PM

The Office of the Tax Ombudsman has seen a 33% increase in the number of tax complaints against the South African Revenue Service.