Transnet pensioners to meet with company management

24 June 2019, 3:04 PM
Legal representatives of Transnet pensioners will meet with the company's management and trustees on Monday to discuss a possible settlement related to the annual increases of the pension fund.
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Pravin Gordhan
Those involved in corruption will be brought to book: Gordhan 21 April 2018, 7:31 PM

Public Enterprises Minister Pravin Gordhan says he's confident that those who are involved in corruption at state-owned enterprises will be brought to book.

Numsa won’t support Minimum Wage Bill 21 April 2018, 3:22 PM

Trade union Numsa has reiterated that it will not support the current National Minimum Wage Bill.

Lily Mine under new ownership 21 April 2018, 12:51 PM

New investors, Siyakhula Sonke Empowerment Co-operation, have bought the Lily Gold Mine in Barberton, Mpumalanga, for an undisclosed amount of money.

Parliament sends minimum wage Bill back for re-drafting 21 April 2018, 12:45 PM

Parliament's Labour Portfolio Committee has sent the Minimum Wage Bill back to the Labour Department for re-drafting.

Return of business confidence augurs well for the future: Kganyago 21 April 2018, 7:35 AM

Reserve Bank Governor and newly appointed chair of the policy steering committee of the International Monetary Fund believes a return of business confidence augurs well for the future of the country's economy.

Business confidence to boost SA’s growth target 20 April 2018, 9:15 PM

The leadership of South Africa’s Treasury and Reserve Bank believe a return of business confidence could give the economy the necessary boost to realize President Cyril Ramaphosa’s growth target of 3% for 2018.

Siyakhula Sonke buys Lily Gold Mine 20 April 2018, 6:01 PM

New investors, the Siyakhula Sonke Empowerment Co-operation, have bought the Lily Gold Mine in Barberton, Mpumalanga, for an undisclosed amount of money. Vantage Goldfield – the former owners of Lily and Babrook mines, have decided to sell both mines. The new company says it want to start operating soon. CEO Fred Arendse says they have […]

Steinhoff shareholders to voice concerns over their losses 20 April 2018, 3:19 PM

Shareholders of retail giant Steinhoff are expected to voice their concerns regarding the losses incurred since the share price collapse was triggered in December.

17 community radio stations face shutdown 20 April 2018, 11:29 AM

The Department of Communications is scheduled to meet with broadcasting signal distributor Sentech on Friday, to avoid switching off 17 community radio stations.

IMF warns against the ‘explosion of crypto-currencies’ 20 April 2018, 8:21 AM

The Managing Director of the International Monetary Fund has warned that the explosion of crypto-currencies like Bitcoin will have stability implications for the global economy moving forward.

Commuters left stranded as bus strike enters third day 20 April 2018, 7:08 AM

Commuters who use buses as their primary mode of transport will once again have to find an alternate mode of transport on Friday morning as the nationwide bus strike enters its third day.

Community radio stations face shutdown 19 April 2018, 8:26 PM

The National Community Radio Forum wants the Communications Minister to intervene in the stalemate between community radio stations and signal distributor, Sentech.

Bus strike affecting nearly all sectors – Cape Chamber of Commerce 19 April 2018, 3:21 PM

The bus strike has created problems and disruptions for everyone, from schools to factories, the Cape Chamber of Commerce said on Thursday. Although the national strike was having a crippling effect, chamber president Janine Myburgh said it was still too early to quantify the damage. “It is still a bit early to judge the economic […]

“There is huge financial management at Denel” 19 April 2018, 3:08 PM

Trade union Solidarity says there is huge financial mismanagement at weapons manufacturing parastatal, Denel.

Absa denies role in Steinhoff shareholders’ losses 19 April 2018, 2:09 PM

Absa Bank, a wholly-owned subsidiary of Barclays Africa Group Limited (BGL), has distanced itself from compiling or reviewing the financial statements of Steinhoff International, saying that it was only the retailers' Johannesburg Stock Exchange (JSE) transaction sponsor.

Summit aims to boost India-SA trade relations 19 April 2018, 11:26 AM

South Africa will at the end of this month host the India-South Africa Business Summit at the Sandton Convention Centre in Johannesburg.

Malema faces prosecution over alleged corruption 19 April 2018, 10:06 AM

Economic Freedom Fighters (EFF) leader Julius Malema is to face a private prosecution by lobby group AfriForum for alleged corruption.

Talks push to end nationwide bus strike 19 April 2018, 9:22 AM

A salary increase for bus drivers is one among several negotiation issues to be discussed at the South African Road Passenger Bargaining Council in Johannesburg today.

Nene leads SA delegation at IMF, World Bank meetings 19 April 2018, 6:02 AM

Finance Minister Nhlanhla Nene is leading the South African delegation to the bi-annual meetings of the International Monetary Fund and World Bank in Washington.

Nzimande optimistic new Prasa Board will bring stability 18 April 2018, 9:29 PM

Transport Minister Blade Nzimande says he is confident that the new Passenger Rail Agency of South Africa board will bring stability to the rail agency.

Tegeta is no longer able to supply Eskom with coal 18 April 2018, 9:15 PM

Eskom's contract with the Gupta-family linked coal supplier, Tegeta Exploration and Resources, is coming back to haunt the country. The company has been placed under business rescue and is still failing to fulfill its contract to supply coal to power-stations.

Government cuts ties with KPMG and Nkonki Inc 18 April 2018, 7:26 PM

Auditor-General Kimi Makwetu says his department could not continue its relationship with auditing firms, KPMG and Nkonki Inc, while there was a clear breakdown of public trust in the firms.

Nzimande appeals for a solution to bus strike 18 April 2018, 5:55 PM

Thousands of commuters have again been left stranded on Wednesday afternoon as the countrywide bus strike drags on. Transport Minister Blade Nzimande has appealed to all parties to urgently find a negotiated settlement.

Labour dept accepts Imperial CEO Mark Lamberti’s resignation 18 April 2018, 3:17 PM

Lamberti stepped down as CEO, just days after he left the Eskom board and Business Leadership SA. The Progressive Professionals Forum had also accepted Lamberti's resignation earlier this month and said that his step down was "long overdue."

Mantashe criticises mine-owners who abandon disused mines 18 April 2018, 2:44 PM

Mineral Resources Minister Gwede Mantashe has criticised mine owners who abandon disused mines, saying it leads to criminal activities.

SA’s inflation hits seven-year low 18 April 2018, 1:57 PM

South Africa's inflation rate has fallen to a seven-year low, official statistics showed Wednesday, as food prices were tempered by improved rainfall with the easing of a national drought.

Bus drivers blame employer for nationwide strike 18 April 2018, 9:11 AM

Some bus drivers who have joined the nationwide strike say they were left with no option but to participate in the industrial action so as to force the employer to accede to their demands.

UK package deal aims to attract investors, create jobs for SA 18 April 2018, 7:09 AM

South Africa is set to receive a package of R857 million from the UK to help improve the country's business environment.

Nationwide bus strike set to leave thousands stranded 18 April 2018, 6:12 AM

More than 15 bus companies have indicated that they will go on a nationwide strike on Wednesday, forcing thousands of commuters to seek alternative transport.

Business, civic organisations call for Eskom’s restructuring 17 April 2018, 9:12 PM

Business and civic organisations say urgent restructuring is needed to save Eskom from going under.