VBS bank shareholders seek solutions

23 June 2018, 4:31 PM
VBS shareholders will later on Saturday have a meeting at Sibasa near Thohoyandou in Limpopo to discus the way forward following financial woes the bank and its clients have been going through for months.
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Eskom promises to keep lights amid unions’ concerns 13 June 2018, 10:07 AM

No large-scale electricity outages are expected today or tomorrow, despite social media messages to this effect that are being widely circulated.

Prasa pays millions to train crash victims 13 June 2018, 9:05 AM

The Passenger Rail Agency of South Africa has paid more than R213 million to victims of train crashes in the past three financial years.

Mantashe lays blame on Sibanye mine for four deaths 13 June 2018, 5:55 AM

Mineral Resources Minister, Gwede Mantashe says Sibanye-Stillwater mine should be held accountable for the death of four mine-workers on Monday.

Sassa card swap process on track: Agency 13 June 2018, 5:50 AM

The South African Social Security Agency (Sassa) says the card swap process - which started with a pilot project last month - is on track to capture the remaining one-point-nine million cash social grant beneficiaries.

Rail track
Railway industry to use broadband 12 June 2018, 9:23 PM

The railway industry is looking to use broadband to modernise its archaic network and communication processes.

Cash-in-transit guards appeal to govt to help curb heists 12 June 2018, 8:32 PM

Cash-in-transit security guards are appealing to government to intervene and help curb the escalating violent attacks on cash vans. Since January, there have been almost 160 cash heists across the country. In the majority of these brazen attacks, the robbers – armed with automatic rifles – use commercial explosives to blow open the vans. On […]

Rand notes and coins
Rand weakens against greenback 12 June 2018, 6:50 PM

The rand has again weakened against the US dollar as global investors return to developed markets.

SIbanye STillwater logo
Mantashe to visit Sibanye-Stillwater mine’s Ikamva shaft 12 June 2018, 6:13 PM

Mineral Resources Minister, Gwede Mantashe is expected to visit the Sibanye-Stillwater mine's Ikamva shaft West of Johannesburg later on Tuesday.

Steinhoff logo
Steinhoff given more breathing space 12 June 2018, 5:59 PM

Steinhoff has won more creditor support to give the South African retailer time to restructure debt totaling 9 billion euro ($11 billion) in a fight for survival.

IMF logo
SA should spell out land reform plans to remove uncertainty – IMF 12 June 2018, 5:50 PM

The IMF said on Tuesday that the South African government should clearly articulate its land reform plans in order to lift uncertainty weighing on investor sentiment.

Num, Numsa to embark on big demonstration at Eskom’s Megawatt Park 12 June 2018, 5:23 PM

Unions have planned a big demonstration at Eskom's Megawatt Park on Thursday to picket against Eskom's zero percent wage offer. 

Yebo Yethu Logo
Vodacom’s Yebo Yethu shareholders expected to share R3billion returns 12 June 2018, 4:29 PM

Vodacom's Yebo Yethu shareholders can expect to share R3 Billion in returns when the Yebo Yethu scheme unwinds in October 2018.

SA refinery could run out of natural gas in two years 12 June 2018, 2:46 PM

South Africa's flagship gas-to-liquids (GTL) refinery at Mossel Bay could run out of natural gas within two years when offshore reserves dry up, a senior energy official said on Tuesday.

Oil edges up on cautious optimism over Trump, Kim summit in Singapore 12 June 2018, 6:14 AM

Oil prices edged up along with global markets on Tuesday on cautious optimism over the outcome of a summit between US President Donald Trump and North Korean leader Kim Jong Un in Singapore.

Search underway for two missing miners at Sibanye mine 11 June 2018, 9:32 PM

A search is underway for the remaining two missing miners at the Sibanye-Stillwater mine's Ikamva shaft near Westonaria southwest of Joburg after three other miners died.

Three miners die at Sibanye-Stillwater’s Kloof mine 11 June 2018, 7:26 PM

The Sibanye-Stillwater mine has confirmed that three mineworkers died at the Ikamva shaft near Westonaria - south west of Johannesburg.

One miner dies at Sibanye-Stillwater’s Kloof mine 11 June 2018, 4:42 PM

One mine worker has died and four others are unaccounted for at Sibanye-Stillwater's Kloof mine near Westonaria south-west of Johannesburg. 

Eskom maintains 0 % wage offer 11 June 2018, 4:22 PM

Eskom is maintaining its position of a zero percent wage offer, despite the threat of a national electricity shutdown by unions.

Steinhoff Africa appoints independent non-executive director 11 June 2018, 3:22 PM

Steinhoff Africa Retail, or STAR, has appointed Wendy Luhabe to its board as independent non-executive director, with effect from 1 January 2019

Airchefs strike looms at SAA 11 June 2018, 11:40 AM

The National Union of Metalworkers of South Africa (Numsa) has received a notice of retrenchment from Airchefs which is an airline catering company owned by the SAA group.

Bank of Baroda dismisses corruption claims 11 June 2018, 10:22 AM

The Bank of Baroda has distanced itself from reports that Friday's raids in Johannesburg and Durban were due to investigations on the bank itself, but rather on financial transactions of the Gupta brothers.

Sassa employees to down tools over salaries 11 June 2018, 9:46 AM

South Africa Social Security Agency, workers who are members of the Public Servants' Association are embarking on strike action on Monday.

President Cyril Ramaphosa
Ramaphosa hails G7 Summit a success 10 June 2018, 7:23 PM

President Cyril Ramaphosa says this weekend's G7 Outreach Summit in Canada where he and other leaders of developing nations met the G7 leaders, was a success.

Private land owners to work with govt to stimulate SA’s economy 10 June 2018, 3:25 PM

A call has been made to private land owners to work with government to stimulate the country's economic growth.

It’s unreasonable to believe Ramaphosa can improve economy: Analyst 10 June 2018, 12:20 PM

Economist Azar Jammine has described as unreasonable expectation that President Cyril Ramaphosa's ascension to power would have had an effect in South Africa's economic growth.

Trump withdraws US endorsement of G7 communique 10 June 2018, 9:45 AM

US President Donald Trump has withdrawn his country's endorsement of the G7 communique after accusing host and Canada's Prime Minister of making false statements at a press conference at the conclusion of the event.

Bank of Baroda
SA police raid Bank of Baroda in corruption investigation 9 June 2018, 3:17 PM

An elite South Africa police unit raided offices of India's Bank of Baroda on Friday and seized documents as part of an investigation into state corruption under former president Jacob Zuma, a police spokesperson said.

Public Servants Association strike unprocedural 9 June 2018, 6:35 AM

The Department of Public Service and Administration says the Public Servants Association strike =, scheduled for Monday, is unprocedural.

Cyril Ramaphosa
Ramaphosa focuses on foreign investment in Canada 8 June 2018, 9:40 PM

South Africa says the invitation of President Cyril Ramaphosa to the G7 leaders summit signals an endorsement of government's renewed drive to bolster foreign investment.

SAA launches 3-year recovery strategy to return to profitability 8 June 2018, 8:58 PM

South African Airways management has announced that it will take on the challenge of making the state-owned airline profitable in three years' time.