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.
Unbundling of Eskom not a path to privatisation: Ramaphosa 14 February 2019, 7:21 PM

President Cyril Ramaphosa has reiterated that the unbundling of Eskom is not the path to privatisation.

SABC launches its first economics current affairs show 14 February 2019, 5:54 PM

The South African Broadcasting Corporation (SABC) has launched its first business current affairs programme which is set to air weekly on DStv channel 404.

Ramaphosa announces special committee to oversee Eskom operations 14 February 2019, 4:42 PM

President Cyril Ramaphosa has announced the formation of a special committee to oversee operations at Eskom. As the country endures a fifth consecutive day of power outages, the President says the committee will provide daily reports to him.

Eskom loadshedding.
Eskom implements stage 2 loadshedding 14 February 2019, 12:13 PM

Eskom says it will implement stage 2 loadshedding on Thursday until 22:00. The power utility has implemented loadshedding for four days already.

Gloria coal mine.
Preparations begin for Gloria mine recovery mission 14 February 2019, 9:06 AM

Preparations have begun for the recovery mission of the 22 people trapped underground at the Gloria coal mine in Middleburg, Mpumalanga.

Ramaphosa to announce more plans on Eskom crisis 14 February 2019, 7:54 AM

President Cyril Ramaphosa is expected to announce more plans on how to solve Eskom's power crisis on Thursday. This after Minister of Public Enterprises, Pravin Gordhan, told Parliament that the power utility needed a cash injection by April in order to survive.

Mining companies feel the pinch of loadshedding 13 February 2019, 8:24 PM

The Minerals Council of South Africa says the ongoing loadshedding is likely to affect production in the ailing mining sector. The council says the power outages have put mines under increasing pressure to stay afloat, following months of production decline and dropping commodity prices.

Carlos Ghosn
Renault set to strip Ghosn of millions in pay 13 February 2019, 4:07 PM

Renault's board of directors is, on Wednesday, expected to deny stock options and other compensation to former CEO Carlos Ghosn worth nearly 10 million euros, sources with knowledge of the matter told AFP.

Heineken sales see fast growth 13 February 2019, 12:12 PM

Despite a fall in overall profits the world's second largest brewer recorded growing sales in major markets last year, although it warned that 2019 could be "volatile".

Mnuchin hopes for ‘productive’ trade meetings in China 13 February 2019, 9:36 AM

US Treasury Secretary Steven Mnuchin said on Wednesday he hopes for "productive" trade meetings in China this week, as the two countries seek to hammer out an agreement amid a festering dispute that has seen both level tariffs at each other.

Cosatu strike, loadshedding to impact negatively on gold mining sector 13 February 2019, 7:55 AM

Economist Henk Lagenhoven says mining companies will be faced with two major obstacles on Wednesday - Eskom's Stage3 load shedding and the Congress of South African Trade Unions (Cosatu) nationwide strike against job losses.

Eskom loadshedding.
Eskom to resume Stage 3 loadshedding 13 February 2019, 6:28 AM

Eskom says it will resume Stage -3 loadshedding starting from 8:00 to 23: 00 on Wednesday.

COSATU strike
Cosatu nationwide strike to commence on Wednesday 13 February 2019, 5:50 AM

Congress of South African Trade Unions (COSATU) has called on all workers in the country to join its national strike on Wednesday.

6.1 million people without jobs in SA- Stats SA 12 February 2019, 4:31 PM

South Africa's unemployment remains one of the highest in the world despite some improvement in the fourth quarter of 2018.

Business struggle with ongoing loadshedding 12 February 2019, 3:07 PM

Eskom's heavy loadshedding is having a devastating effect on small businesses across the country with many saying they are being forced to curtail production.

Mcebisi Jonas
Govt needs new ways to grow economy, create jobs: Jonas 12 February 2019, 2:26 PM

Presidential Envoy, Mcebisi Jonas says government will have to manage its finances and debts very well in the next few years if the country wants to avoid further downgrade and IMF bail outs.

Light bulb
Economists extremely worried about Eskom’s load shedding 12 February 2019, 12:39 PM

Economists say they remain extremely worried about the recent rotational load shedding announced by Eskom.

President Ramaphosa expecting detailed report on Eskom crisis 12 February 2019, 6:55 AM

President Cyril Ramaphosa is expecting a detailed report from Public Enterprises Minister Pravin Gordhan about the Eskom crisis when he returns home from the African Union Summit in Ethiopia.

Unemployment rate expected to improve: Economists 11 February 2019, 9:52 PM

The rate of unemployment is expected to have improved slightly in the fourth quarter on the back of seasonal hiring. Jobs data will be released on Tuesday.

Jerry Rawlings
Former Ghanaian President Rawlings condemns corruption in Africa 11 February 2019, 9:29 PM

The scourge of corruption and conflict on the continent will impede economic growth and may discourage foreign investment if not controlled.

President Cyril Ramaphosa
President expresses anger at Eskom’s load-shedding 11 February 2019, 6:48 PM

President Cyril Ramaphosa has expressed anger and disappointment at Eskom's announcement that it is applying stage four load-shedding across the country.

No imminent threat of national blackout: Eskom 11 February 2019, 3:35 PM

Eskom has now implemented stage four load shedding. The embattled power utility says it has lost another six generating units and this has necessitated the increase in loadshedding from stage two to stage four.

Eskom to implement Stage 2 rotational load-shedding 11 February 2019, 7:37 AM

Eskom Head of Risk and Sustainability Andrew Etzinger says they will be implementing Stage 2 rotational load shedding from nine o'clock on Monday morning.

Concerning future for WTO 10 February 2019, 9:43 PM

Trade and Industry Minister Rob Davies has raised concern about the future of the World Trade Organisation.

Bezos case exposes billionaires’ vulnerability to hackers 10 February 2019, 8:29 PM

The stunning revelation that a tabloid obtained below-the-belt selfies of Amazon founder Jeff Bezos -- the world's richest man -- suggests that even billionaires are not out of the reach of hackers.

Eskom to implement stage 2 load shedding 10 February 2019, 11:52 AM

Power utility Eskom has issued a statement warning the country about planned stage two load shedding on Sunday.

Cutouts depicting images of oil operations are seen outside a building of Venezuela's state oil company PDVSA in Caracas, Venezuela.
Venezuela shifts oil ventures’ accounts to Russian bank 10 February 2019, 8:21 AM

Venezuela’s state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia’s Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday.

Govt should initiate plans to make Eskom renewable: SACP 9 February 2019, 9:21 PM

The South African Communist Party (SACP) says the current model that Eskom operates on favours independent power producers.

Mozambique NGOs call on Credit Suisse to write off debt 9 February 2019, 7:27 PM

Several non-governmental organisations in Mozambique on Saturday called on Credit Suisse to write off debt their government contracted with the Swiss bank

UK pulls Brexit ferry contract from firm with no ships 9 February 2019, 7:18 PM

Weeks of public sniggering and indignation culminated Saturday when the British government cancelled a ferry contract it had awarded to a firm with no ships.