Eskom hopes with sweeping changes announced at the power utility, it will be able to gain trust from local banks to reopen lending facilities.
A new oxfam report has found that 82% of the wealth generated in 2017 went to the richest 1% of the global population.
The rand continues to power ahead in value against the dollar. It strengthened by 11 cents on Monday to R12,06.
EFF in the Free State says it is pleased with the Assets Forfeiture Unit's move to seize the controversial dairy farm in Vrede after obtaining a court order.
The ANC in the Eastern Cape has summoned all mayors of the poorly performing municipalities in the province to appear before the provincial leadership at the party provincial headquarters in King William’s Town. This comes after the PEC has expressed concern about the performance of municipalities like Mnquma, Amathole, Raymond Mhlaba and other newly-established municipalities […]
Mineral Resources Deputy Minister Godfrey Oliphant will meet with Northern Cape premier Sylvia Lucas and illegal miners or the so-called Zama Zamas in an effort to deal with the ongoing illegal mining in the province.
Economist Iraj Abedian says corruption at Eskom started as far back as when the current Finance Minister Malusi Gigaba was in the Public Enterprises portfolio. Government appointed a new board at Eskom with Telkom Chairperson Jabu Mabuza as the power utility’s new chairperson. Mabuza has replaced Zithembe Khoza who has resigned. The new board includes prominent […]
Finance Minister Malusi Gigaba says government’s decisive action at Eskom is aimed at showing investors that South Africa is serious about growing its economy.
The parliamentary inquiry into corporate governance at Eskom resumes on Monday.
Finance Minister Malusi Gigaba says the South African delegation to the World Economic Forum in Davos, Switzerland, will emphasise to investors that the African National Congress has changed as the country's governing party.
The appointment of a new board of directors for power utility Eskom will go a long way towards rebuilding confidence in the leadership in South Africa and in the economy, the Basa said on Sunday.
Business Leadership South Africa (BLSA) has welcomed the appointment of the new board at Eskom saying it reflects government's commitment to transform state-owned entities.
Eskom's former acting CEO Matshela Koko and suspended Chief Financial Officer Anoj Singh face dismissal, after government instructed the utility's new board to immediately remove all executives facing allegations of corruption.
Eskom has announced Jabu Mabuza as it's the new Board Chairperson, following confirmation on Saturday of the resignation of Zethembe Khoza.
South African business leaders have called for a boycott of US President Donald Trump's address at the World Economic Forum's annual meeting in Davos, Switzerland next week.
The power utility is now mired in a new corruption scandal.
The keel-laying of the first tug boat to be built in Port Elizabeth is seen as another step in developing oceans economy as part of Operation Phakisa in South Africa.
Cell phone provider Vodacom says its Gauteng based customers should now be able to make and receive calls.
Platinum mining giant, Anglo Platinum, says it regards development as a priority and will continue assisting the mining communities.
Reserve Bank Governor Lesetja Kganyago has been selected to Chair the International Monetary and Financial Committee of the International Monetary Fund for the next three years.
If government succeeds in combating crime, then at least three-thousand jobs can be created by tobacco alone.
Chief economist at ETM Analytics, George Glynos, has expressed disappointment at the announcement of the repo rate remaining unchanged at 6.75%. Reserve Bank Governor, Lesetja Kganyago, made the rates announcement in Pretoria, following the bank's first Monetary Policy Committee meeting this year.
MPC’s interest rate announcement: 18 January 2018
Finance Minister Malusi Gigaba says Deputy President Cyril Ramaphosa is capable of selling the country to investors. Ramaphosa will lead a South African delegation to the World Economic Forum which will take place from January 23-26.
The South African Revenue Service (SARS) is reminding individual taxpayers who filed personal income tax returns in 2017, were assessed and found to owe SARS money, that they have until January 31 to pay.
Deputy President and ANC President Cyril Ramaphosa says the governing party is taking active steps to renew South Africa and its economy.
Finance Minister Malusi Gigaba is currently holding a briefing on the World Economic Forum.
Many economists say the Reserve Bank is likely to cut interest rates by 25 basis points on Thursday.
Companies around the world are facing more negative press as South African authorities start bringing criminal charges for their activities related to Gupta-owned businesses.
Deputy President, Cyril Ramaphosa is giving a keynote address at the Pre-World Economic Forum breakfast taking place ahead of team SA's departure to the WEF Davos Annual Meetings.