Boeing at two-week high as approval for 737 MAX to fly seen by late June

26 May 2019, 9:13 PM
Shares of Boeing Co rose as much as 3% to more than a two-week high on Friday after Reuters reported that the Federal Aviation Administration (FAA) expects to approve 737 MAX jets to return to service as soon as late June.
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Not clear whether Molefe will appeal court ruling- Lawyer 25 January 2018, 6:05 PM

Brian Molefe’s lawyer Barry Farber says it is not clear whether the former Eskom Chief Executive Officer will appeal Thursday's high court ruling that set aside his R30 million pension pay out.

Molefe still wishes to work for state 25 January 2018, 4:01 PM

Former Eskom CEO Brian Molefe has been ordered to pay back R11 million he has received so far as part of a R30-million pension pay-out from the power utility. He has been given ten days to pay back the money.

Investors keen on investing in SA 25 January 2018, 8:57 AM

South African business leaders at the World Economic Forum annual meeting in Davos in Switzerland continue to celebrate the new attitude towards South Africa as an investment destination.

Dis-Chem reaches agreement with union 25 January 2018, 7:14 AM

Dis-Chem Pharmacies said on Thursday that it has reached a satisfactory agreement with the workers' union to end their week-long strike at its outlets.

Cyril Ramaphosa is expected to meet the British Prime Minister.
Govt had to act quickly on Eskom: Ramaphosa 25 January 2018, 6:11 AM

Deputy President, Cyril Ramaphosa says government realised it had to act quickly on Eskom when a preparatory meeting was held ahead of the World Economic Forum (WEF).

Rand strengthens as Ramaphosa pursues investors 24 January 2018, 9:37 PM

As the Deputy President Cyril Ramaphosa continues engaging world leaders and business in Davos, Switzerland at home the rand has been strengthening.

Former Eskom acting CEO reveals corrupt practices 24 January 2018, 6:01 PM

Former Eskom acting CEO and Group Executive for Generations, Matshela Koko, revealed how certain Eskom executives have allegedly been receiving kickbacks from suppliers doing business with Eskom.

Global markets continue to take slight breather 24 January 2018, 4:31 PM

Global markets are taking a slight breather from the equities rally witnessed in recent weeks, with Japanese and European markets seen suffering some losses today.

Rand breaks through R12 level against dollar 24 January 2018, 3:27 PM

The rand has broken through the 12-rand level against the dollar for the first time in two-and-a-half years. 

WEF chairman praises China, talks about 4th industrial revolution 24 January 2018, 2:38 PM

The founder and Executive Chairman of the World Economic Forum (WEF) Klaus Schwab has commended China’s economic development over the past few decades and its commitment to responsive and responsible leadership in global affairs. Schwab was speaking in an exclusive interview with China Central Television on Monday in Davos, Switzerland, where the WEF’s 2018 meeting […]

Transnet contracts worry Scopa 24 January 2018, 9:10 AM

The Standing Committee on Public Accounts (Scopa) has raised concerns about theexpansion and deviation of some Transnet contracts that appear to be constantly extended.

‘Modern day workers need to possess multiple skills’ 24 January 2018, 8:43 AM

Labour experts at the annual World Economic Forum have warned that workers who are not willing to undergo continuous re-skilling risk being targets of job losses.

Emerging countries left behind in economic recovery – IMF 23 January 2018, 9:42 PM

International Monetary Fund's Managing Director Christine Lagarde has warned that most people living in emerging countries have been left behind the current global economic recovery.

Thousands march against Trump in Swiss financial capital 23 January 2018, 9:32 PM

Thousands of anti-capitalist protesters marched through Zurich on Tuesday to demonstrate against a planned visit by U.S. President Donald Trump to the World Economic Forum’s annual meeting this week. Leftists organisers had called for protests under the mottos “Trump Not Welcome” and “Smash WEF!” Trump is due to speak on Friday at the WEF meeting […]

Manyi denies links between ANN7, New Age and the Guptas 23 January 2018, 8:04 PM

Jimmy Manyi continues to deny any existing links between the TV news channel ANN7 and the New Age newspaper and the Guptas.

Govt officials implicated in Gupta-linked dairy farm 23 January 2018, 5:23 PM

The National Prosecuting Authority’s Asset Foreiture Unit investigators are at the controversial Gupta-linked Estina Dairy Farm in Vrede.

IMF revises South Africa’s economic growth 23 January 2018, 4:48 PM

The International Monetary Fund has revised South Africa's economic growth forecast downwards for 2018 and 2019.

[Watch]Former Eskom CFO appears before parliament inquiry 23 January 2018, 3:01 PM

Former Eskom CFO Anoj Singh is appearing before the parliamentary inquiry into allegations of State Capture at Eskom which has resumed a short while ago on Tuesday

Reforms on SOEs bearing fruit: Expert 23 January 2018, 11:10 AM

Investment Analyst Nadir Thokan says Deputy President Cyril Ramaphosa's delegation to the World Economic Forum is taking a very positive message in terms of government's reforms at state-own entities. 

Wits workers to down tools over wage dispute 23 January 2018, 6:37 AM

Wits University workers affiliated to the National Health Education & Allied Workers Union are expected to go on strike on Tuesday following a wage dispute with management.

Snow-bound Davos warms to business-friendly climate 23 January 2018, 6:02 AM

After a gala opening set against spectacular snowfall, the World Economic Forum starts in earnest on Tuesday basking in robust global growth but facing warnings that the world's have-nots are missing out more than ever.

Ramaphosa arrives in Davos for 2018 WEF 22 January 2018, 10:11 PM

Deputy President of South Africa, Cyril Ramaphosa has arrived in Davos, Switzerland to lead a South African delegation to the 2018 World Economic Forum Annual meeting scheduled from 23-26 January 2018.

Eskom hopes to gain trust from local banks 22 January 2018, 9:32 PM

Eskom hopes with sweeping changes announced at the power utility, it will be able to gain trust from local banks to reopen lending facilities.

Oxfam releases shocking wealth inequality report 22 January 2018, 8:07 PM

A new oxfam report has found that 82% of the wealth generated in 2017 went to the richest 1% of the global population.

Rand strengthens as govt promises to root out corruption 22 January 2018, 7:44 PM

The rand continues to power ahead in value against the dollar. It strengthened by 11 cents on Monday to R12,06.

EFF welcomes NPA’s move to seize Gupta-linked dairy farm 22 January 2018, 4:32 PM

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.

EC ANC leadership warns poor performing municipalities 22 January 2018, 3:32 PM

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 […]

Northern Cape meeting aims to tackle illegal mining 22 January 2018, 12:30 PM

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.

Eskom’s new board must clean up mess: Abedian 22 January 2018, 10:14 AM

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 […]

SA serious about growing economy: Gigaba 22 January 2018, 6:16 AM

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.