Mine deaths reduced as safety improves

24 January 2020, 6:25 PM
The Department of Mineral Resources and Energy has announced a 37% fall in mine deaths as safety improves.
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Load shedding likely to get severe: Analyst 16 January 2020, 6:49 AM

Energy experts warn that load shedding could get more severe and Eskom has reiterated that the system is constrained and has urged customers to reduce their electricity use.

ANC concerned about planned retrenchments at Telkom 15 January 2020, 9:20 PM

The ANC has expressed concern about Telkom's intention to retrench at least 20% of its workforce.

ANC calls on Eskom board to support Makgoba 15 January 2020, 9:12 PM

The ANC has called on the Eskom board to support the newly-appointed interim board chairperson Professor Malegapuru Makgoba in implementing a comprehensive turnaround strategy for the struggling power utility.

Eskom appoints interim chairperson 15 January 2020, 6:45 PM

Professor Malegapuru Makgoba has been appointed Eskom's interim chairperson.

Unions picket outside Eskom’s offices in Sunninghill 15 January 2020, 4:40 PM

NUM and Numsa have been picketing outside Eskom head offices at Megawatt Park in Sunninghill, Johannesburg.

Eskom in court over tariff dispute with Nersa 15 January 2020, 3:44 PM

Struggling state utility Eskom took a dispute with energy regulator Nersa to court on Wednesday, arguing that the regulator's three-year tariff decision last year was flawed and threatened the power firm with financial disaster.

More work needed to ensure Prasa delivers on its mandate: Mbalula 15 January 2020, 2:21 PM

Transport Minister Fikile Mbalula says more work is needed to ensure that the Passenger Rail Agency of South Africa (Prasa) delivers on its mandate.

Israel starts exporting natural gas to Egypt under landmark deal 15 January 2020, 12:40 PM

Israel began exporting natural gas to Egypt on Wednesday under one of the most important deals to have been signed by the neighbors since they made peace decades ago.

Old Mutual to seek new CEO urgently 15 January 2020, 10:40 AM

Old Mutual says it will waste no time in looking for a permanent Chief Executive Officer(CEO) following its court victory in the long-standing case with its former CEO Peter Moyo.

Numsa to picket against unbundling of Eskom 15 January 2020, 10:25 AM

Members of the National Metal workers Union will picket at the Eskom Head office in Megawatt Park in Johannesburg on Wednesday.

President Cyril Ramaphosa addresses #BUSA Business Economic Indaba at Sandton Convention Centre.
Government to reduce political interference at SOEs: Ramaphosa 15 January 2020, 8:32 AM

President Cyril Ramaphosa says government has heeded the call by business to decentralize State Owned Enterprises and reduce political interference.

Retired colonel van Loggerenberg to testify at state capture inquiry 15 January 2020, 7:09 AM

The Commission of Inquiry into State Capture continues on Wednesday with evidence relating to law enforcement agencies.

Boeing net orders slump to lowest in decades 14 January 2020, 9:03 PM

Boeing Co reported its worst annual net orders in decades on Tuesday, along with its lowest numbers for plane deliveries in 11 years, as the grounding of its 737 MAX jet saw it fall far behind main competitor Airbus.

SA looking at self-generation of energy: President Ramaphosa 14 January 2020, 6:09 PM

President Cyril Ramaphosa says South Africa is embarking on a new trajectory of self-generation of energy.

Business Unity SA calls for leadership certainty at Eskom 14 January 2020, 5:02 PM

Business Unity South Africa President, Sipho Pityana, says business would like to see leadership certainty at Eskom.

Trump expected at Davos meeting this month – WEF 14 January 2020, 4:13 PM

US President Donald J. Trump is set to participate in the 50th anniversary meeting of political and business leaders being held at Davos from Jan 21-24, the World Economic Forum (WEF) said on Tuesday.

Court rules Old Mutual does not have to reinstate ex-CEO 14 January 2020, 12:42 PM

The High Court in Johannesburg on Tuesday has ruled that Old Mutual does not have to reinstate its sacked chief executive Peter Moyo.

A woman walks past an outlet of retailer Woolworths in Cape Town, South Africa.
Woolworths names Roy Baggatini as new CEO 14 January 2020, 12:11 PM

Woolworths Holdings Limited has announced Roy Baggatini as its new CEO and Executive Director.

Maponya hailed as a creator of opportunities for success 14 January 2020, 11:33 AM

The former president of the Inkatha Freedom Party, Mangosuthu Buthelezi, has described the iconic businessman, Dr Richard Maponya, as one who created opportunities for success.

Technicians working hard to limit risk of load shedding: Eskom 14 January 2020, 9:25 AM

Eskom says it is working towards limiting the risk of load shedding despite the power system remaining constrained.

Eskom refutes reports of Stage 8 load shedding 14 January 2020, 7:35 AM

Eskom has refuted reports that stage 8 load shedding is imminent.

Yuan soars, stocks scale heights as markets cheer imminent Sino-US deal signing 14 January 2020, 5:27 AM

Asian shares hit a 7-month high, China's yuan jumped and safe-harbour assets slipped on Tuesday, amid signs of goodwill between China and the United States, as the world's two biggest economies prepared to sign a truce in their trade war.

Analysts, labour call for axing of Eskom board  13 January 2020, 4:43 PM

As Eskom struggles to keep the lights on, analysts and labour are calling for the axing of the entire Eskom board. 

Over 1 400 jobs in danger as Massmart plans store closures 13 January 2020, 3:41 PM

Retailer Massmart has announced that it has started a consultation process that could end in the closure of as many as 34 Dion Wired and Masscash stores - affecting the jobs of over 1 400 workers.

BUSA calls on Ramaphosa to help boost economy 13 January 2020, 11:04 AM

Business Unity South Africa has called on President Cyril Ramaphosa to act immediately to help boost economic growth.

South African businesses encouraged to invest in Ethiopia 13 January 2020, 6:04 AM

Ethiopian Prime Minister Abiy Ahmed has encouraged South African businesses to invest in his country.

Competition Commission confident prices of school uniforms will drop 12 January 2020, 5:21 PM

The Competition Commission says it is still pursuing retailers that do not comply with guidelines of the Competition Act regarding prices of school uniforms.

The 1968 Ford Mustang
Ford Mustang driven by Steve McQueen in ‘Bullitt’ sells for $3.4 mln 12 January 2020, 8:23 AM

The 1968 Ford Mustang GT that Steve McQueen drove in the classic car chase from the movie "Bullitt, one of the most famed cars from American cinema, sold for $3.4million at auction in Florida, Mecum Auctions said.

BoE’s Vlieghe to vote for rate cut if data shows weak economy: FT 12 January 2020, 7:37 AM

Bank of England (BoE) policymaker, Gertjan Vlieghe, said on Sunday he will vote for a cut in interest rates later this January, barring an “imminent and significant” improvement in the country’s growth data.

Ramaphosa aims to institute special council to focus on SOEs 11 January 2020, 9:27 PM

ANC President Cyril Ramaphosa says he intends instituting a special council to look into all State-Owned Enterprises including Eskom and South African Airways,