Involve Jarana in business rescue process or face legal action: Numsa to SAA

6 December 2019, 9:50 PM
The National Union of Metal Workers has threatened South African Airways with further legal action unless they involve former Chief Executive Officer Vuyani Jarana in the business rescue process in order to save workers' jobs at the national carrier.
‘Local government has constitutional duty to be financially accountable’ 27 November 2019, 5:32 PM

Finance Minister Tito Mboweni says local government has a constitutional duty to be financially responsible and accountable.

‘R15.9bn increase of Transnet’s locomotives contract unjustifiable’ 27 November 2019, 1:13 PM

Alister Chabi who is an Actuarial Scientist testifying at the state capture commission says the R15.9 billion increase of Transnet's 1064 locomotives contract was unjustifiable.

South African Airways must be sold-off: DA 27 November 2019, 9:33 AM

Democratic Alliance (DA) MP, Alf Lees has called for South African Airways (SAA) to be sold-off.

It’s Time to Negotiate for a Better Future for Africa’s Energy Industry 27 November 2019, 8:46 AM

By enhancing production and streamlining resource management, African countries can finally have the capital to invest in industrialization and in the diversification of their economies, writes João Marques.

Brexit negotiator Michel Barnier to prioritize UK trade deal post: Brexit 27 November 2019, 7:00 AM

The European Union's Brexit negotiator, Michel Barnier, has told EU politicians he will make Britain's new trade deal with the EU a priority after Brexit, the Financial Times reported here citing people briefed on a closed-door meeting in Strasbourg on Tuesday.

Parliament in favour of equity partner for SAA 26 November 2019, 7:30 PM

Political parties in parliament have come out in support of an equity partner for South African Airways.

Billions to be invested in Waterberg District 26 November 2019, 6:26 PM

Twenty-five billion rand will be invested in the Waterberg District in Limpopo to fast track service delivery in 74 projects, through the District Development Model initiative.

Eskom will not be privatised: Ramaphosa 26 November 2019, 1:00 PM

President Cyril Ramaphosa says that Eskom will not be privatised, but government will continue to support the power utility until its liquidity problems have been solved.

SARS warns against not filing tax returns 26 November 2019, 9:05 AM

The South African Revenue Service (SARS) has warned taxpayers that they risk being penalised if they miss the deadline on Wednesday next week.

Exclusive leases in retail malls need to end: Competition Commission 25 November 2019, 9:21 PM

Anchor tenants at retail malls and exclusive leases could be on their way out, following the release of the Competition Commission's final report of the grocery retail market inquiry.

Eskom warns it will switch off electricity in 3 Free State municipalities 25 November 2019, 8:57 PM

Eskom has warned that it will switch off electricity supply to three Free State municipalities, affecting several towns next week if they fail to pay the power utility

Ratings agencies concerned about SA’s deteriorating debt ratios 25 November 2019, 7:12 PM

South Africa's deteriorating debt ratios and weak economic growth are major concerns for ratings agencies, and the country is at risk of being excluded from the Citigroup's World Government Bond Index.

LVMH swoop on Tiffany will boost operating profits: Chairman 25 November 2019, 3:55 PM

Acquiring Tiffany will lift LVMH’s operating profits by 500 million to 600 million euros ($661.32 million) in the first 12 months, the luxury goods group’s Chairman and Chief Executive Bernard Arnault said on Monday.

Cosatu to take suggestions on SAA’s future to alliance meeting 25 November 2019, 9:35 AM

Cosatu says it is ready to take its suggestion to have South African Airways (SAA) partially privatised to the alliance meeting this weekend.

Andre De Ruyter
Eskom GCEO’s appointment draws more criticism 25 November 2019, 7:34 AM

The criticism of government for the appointment of Andre de Ruyter as the new Eskom GCEO has intensified.

Ramaphosa says government is addressing economic challenges 24 November 2019, 7:45 PM

President Cyril Ramaphosa says that government is working hard to address the economic challenges being experienced in the country.

Still hope for US-China deal in 2019 24 November 2019, 3:48 PM

United States national security adviser Robert O’Brien said on Saturday that an initial trade agreement with China is still possible by the end of the year, but warned Washington would not turn a blind eye to what happens in Hong Kong.

Union calls on SAA management to stop corruption 24 November 2019, 9:21 AM

South African Cabin Crew Association (SACCA) says the survival of South African Airlines depends on management's commitment to implement various anti-corruption and cost-saving measures.

Johnson pitches ‘Christmas present’ Brexit push in manifesto 24 November 2019, 7:19 AM

British Prime Minister Boris Johnson will promise to bring his Brexit deal back to parliament before Christmas when he launches his manifesto on Sunday, the cornerstone of his pitch to voters to “get Brexit done”.

SA’s outlook to negative a warning to government: Experts 23 November 2019, 9:17 PM

Economists say the decision by ratings agency Standard and Poor’s to change South Africa's outlook to negative is a warning to government.

SAA lost millions in revenue during strike action: Tladi 23 November 2019, 11:30 AM

SAA has outlined the economic losses it incurred following a week-long strike action.

Government committed to reviving economic growth: Treasury 23 November 2019, 8:23 AM

National Treasury says government remains committed to implementing reforms to help revive the country's economic growth.

S&P downgrades SA’s credit rating to negative 23 November 2019, 6:42 AM

Credit rating agency, Standard and Poor's, has downgraded its outlook for South Africa's credit rating to negative.

China attacks US at G20 as the world’s biggest source of instability 22 November 2019, 11:30 PM

The United States is the world’s biggest source of instability and its politicians are going around the world baselessly smearing China, the Chinese government’s top diplomat said on Saturday in a stinging attack at a G20 meeting in Japan.

Ethiopian Airlines extends helping hand to SAA 22 November 2019, 9:36 PM

Ethiopia's national carrier Ethiopian Airways says it is open to assisting South African Airlines to stay afloat, if it has called on to

Soweto residents up in arms over electricity disconnections 22 November 2019, 6:21 PM

Some Soweto residents are up in arms over electricity disconnections. 99% of the country's biggest township gets its power directly from Eskom.

SAA to resume operations after wage deal 22 November 2019, 5:58 PM

Operations at South African Airways (SAA) will return to normal from Friday evening - with salaries being paid as scheduled later this month.

Tributes continue to pour in for Liberty Life founder Donald Gordon 22 November 2019, 3:31 PM

Tributes are pouring in for entrepreneur and philanthropist Donald Gordon, who has passed away in Johannesburg. He was 89.

SAA, unions agree on wage deal, strike ends 22 November 2019, 3:12 PM

The strike at SAA is over with all parties signing a wage agreement in Johannesburg on Friday.

Andre De Ruyter
Black Business Council throws weight behind De Ruyter 22 November 2019, 12:49 PM

The Black Business Council has called on South Africans to support newly appointed Eskom CEO Andre de Ruyter, saying the move will bring about change for the state-owned enterprise.