The government is intensifying its investment in the arts and culture industry to create jobs. That’s the word from Arts and Culture minister, Nathi Mthethwa. He was speaking at the South African Cultural Observatory’s conference in Port Elizabeth. The creative industry is taking centre stage and it is a tough environment especially for smaller players. […]
The High Court in Bloemfontein has set aside an order to freeze R10-million paid into controversial businessman Atul Gupta's account.
The South African Revenue Service (SARS) is taking steps to recover billions owed to it by taxpayers. It has appointed eight debt collection agencies to recover as much as possible of just above R16 billion in debt owed to it. The Revenue Service says just over R2 million taxpayers and traders owe it just under […]
South Africa’s poultry producers association said on Friday it was concerned that the country was accepting imports of untested mechanically deboned meat (MDM) into the country even as its neighbours blocked its own processed meat products over a listeriosis outbreak. The association said reports about corruption and the evasion of food safety checks in the […]
The search for investors who can save the Gupta-linked companies and avoid job losses is on. This as striking workers at the Gupta-owned Optimum coal mine in Mpumalanga are back at work.
The High Court in Bloemfontein is handing down judgment in the preservation order dispute involving controversial businessman Atul Gupta and the Bank of Baroda.
Economist George Glynos says President Cyril Ramaphosa should ensure that a constructive policy is urgently formulated to assist the country's productive sector.
The legal representatives for the Gupta companies have argued that the High Court made a blunder in granting a preservation order to freeze the assets of the bank and the R 10 million in Atul Gupta's account.
The National Treasury has revealed that municipalities owed creditors just over R 41 billion as at the end of last month.
Government will join hands with 27 Independent Power Producers (IPPs) for a R56 billion investment in renewable energy projects next week.
The Commission for Conciliation, Mediation and Arbitration (CCMA) has found power utility Eskom guilty of unfair labour practice for suspending the head of legal compliance, Suzanne Daniels. Eskom has also been ordered to lift Daniels’ suspension with immediate effect and pay her a salary equivalent to five months. Daniels was suspended just days after she instructed […]
Former South African Airways Board Chairperson Dudu Myeni has been given until Friday at noon, to indicate whether she will be able to attend the parliamentary inquiry into Eskom affairs.
The German software firm SAP has released the final results of an external legal review into software contracts with South African state-owned enterprises Transnet and Eskom.
The rand has weakened close to 1% against the dollar at midday, trading at R11.94, mainly due to a strengthening of the dollar against other major currencies.
Newly-appointed minister of mineral resources, Gwede Mantashe, will on Thursday be meeting with workers at the troubled Optimum coal mine in Mpumalanga.
The DA will lay charges of money laundering and corruption against the Bank of Baroda, following a report by the Organized Crime and Corruption Project that the bank deliberately laundered money on behalf of the Gupta family.
Sasbo on Wednesday condemned Nedbank for announcing plans to cut 3,000 jobs as a result of robotics, and also threatened "serious action plans" if the bank sidelined it in future decisions on staff.
President Cyril Ramaphosa has assured Moody's Investor Services that land reform will take place within a clear legal framework.
More than 2200 people made the Forbes 32nd annual ranking of the world's richest billionaires, with a combined wealth of 9.1 trillion dollars.
Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium. The departure of Gary Cohn, seen as a bulwark against Trump’s economic nationalism, hit shares, […]
Gauteng premier David Makhura has expressed concerned at the proposed property rate hikes in Johannesburg which he's described at exorbitant.
Business rescue practitioners appointed to oversee the operations of the Gupta-linked mining companies have warned that should these mines not get new banking facilities to replace the Bank of Baroda by the end of March; their business operations will come to an end.
The parliamentary inquiry into allegations of state capture at Eskom has heard contradictory statements relating to the date on which former Eskom Chief Executive Officer Brian Molefe joined the Eskom Pension and Provident Fund.
Businesses confidence in South Africa is showing signs of improvement.
Former Eskom board chairperson Ben Ngubane is giving evidence in the Parliamentary inquiry into Eskom.
Eskom has asked Parliament to assist it in persuading municipalities to pay their electricity bills.
Former Eskom board chairperson Ben Ngubane will on Wednesday give evidence in the Parliamentary inquiry into Eskom.
Banks have warned that the expropriation of land without compensation would result in the collapse of some financial institutions
Pressure continues to mount on Tiger Brands and Rainbow Chicken as Zambia joins the ban of their products.
South Africa's economy has started to show positive signs. This is after it exceeded expectations growing by 1.3% in 2017.