Two years on, former Koornfontein Coal Mine workers still await outstanding salaries, severance packages

8 August 2020, 5:06 PM
Former Koornfontein Coal Mine workers in Mpumalanga are blaming government and the mine's business rescue practitioner for failing to finalise the section 11 sale of the mine to enable them to get their outstanding salaries and severance packages.
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Mine workers
Western Cape calls for reopening of businesses, end to alcohol ban in the province 8 August 2020, 11:48 AM

Western Cape Premier Alan Winde says the provincial cabinet is calling for the safe opening of all businesses because the province has managed to flatten the curve in coronavirus infections.

SIU seeks to recover over R400 million from SAP 8 August 2020, 7:08 AM

The Special Investigating Unit (SIU) is seeking to recover more than R400 million from German software firm, SAP, for two contracts that it allegedly unlawfully entered into with the South African government.

Pretoria High Court correct to dismiss FITA’s application: Government 7 August 2020, 8:34 PM

The legal tussle between the government and the Fair-Trade Independent Tobacco Association (FITA) continues. Government says the Pretoria High Court was correct to dismiss FITA's application for leave to appeal.

Consumer debt a concern for high-income earners during lockdown 7 August 2020, 5:32 PM

High-income earners are borrowing heavily to supplement their income, according to the findings of a second-quarter assessment conducted by the largest debt counselling company Debt Busters.

Sterling set for miniscule weekly gain after new US-China standoff 7 August 2020, 1:45 PM

Sterling resumed its role as a risk-driven currency on Friday and was on track for its biggest daily fall in weeks against the dollar as global market sentiment turned sour after the latest standoff between Washington and Beijing.

Alcohol sales ban is causing corporate carnage: Agri SA 7 August 2020, 7:47 AM

Agri SA says the ban on alcohol sales in South Africa is creating corporate carnage.

Government has until Friday to file its response to FITA’s application 6 August 2020, 6:05 PM

The Supreme Court of Appeal in Bloemfontein has given government until Friday to file its response to the Fair Trade Independent Tobacco Association's (FITA) application for leave to appeal the judgment by the Pretoria High Court.

Cigarette sales ban legal battle continues on Thursday 6 August 2020, 6:36 AM

The case involving British American Tobacco South Africa's (BATSA) challenge to the tobacco sales ban by government continues in the High Court in Cape Town today. Yesterday, BATSA said COGTA Minister Nkosazana Dlamini- Zuma had infringed on the rights of consumers, farmers and others in the value chain of the tobacco industry by implementing a ban on tobacco.

Emerging FX to firm a bit more, but recovery stymied by COVID-19 – Reuters poll 6 August 2020, 4:29 AM

Emerging market currencies are expected to rise a bit further in coming months as a sliding US dollar offsets domestic worries about large economic imbalances stemming from the coronavirus pandemic, a Reuters poll showed.

Oil prices struggle to hold five-month high amid pandemic worries 6 August 2020, 4:06 AM

Oil prices were unchanged on Thursday, struggling to hold onto five-month highs reached in the previous session, as fuel demand worries caused by a second wave of coronavirus infections outweighed declines in the US dollar.

Shoprite to close another store in Kenya 5 August 2020, 9:58 PM

South Africa’s Shoprite Holdings will lay off 115 staff and close another Kenyan store, less than a year after its opening as part of the supermarket’s expansion into the east African country, a letter seen by Reuters shows and the company confirmed.

Former Prasa board chair denies wrongdoing 5 August 2020, 7:40 PM

Former Passenger Rail Agency of South Africa (Prasa) board Chair and High Court Judge Tintswalo Makhubele has denied any wrongdoing as alleged by various witnesses at the State Capture Commission in Johannesburg.

US imposes sanctions on Zimbabwe businessman, company 5 August 2020, 6:27 PM

The United States on Wednesday imposed sanctions on Zimbabwean Kudakwashe Tagwirei, an adviser to President Emmerson Mnangagwa, accusing the prominent businessman of being corrupt and helping support the government of Zimbabwe.

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Prasa to recruit three thousand more security guards 5 August 2020, 4:13 PM

The Passenger Rail Agency of South Africa (Prasa) says it has initiated a recruitment drive to find over three thousand more security guards to help protect rail infrastructure.

Competition Commission contemplates probing state officials and firms in alleged PPE price inflation 5 August 2020, 3:49 PM

The Competition Commission says they are contemplating investigating firms and state officials allegedly involved in heavily inflating the price of personal protective equipment.

Oil prices toppled from rising streak as jump in COVID-19 cases stokes fuel demand fears 5 August 2020, 4:31 AM

Oil prices fell for the first time in four days on Wednesday, pulling back from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut market confidence in a pickup in fuel demand.

Pandemic woes keep Japan’s service sector in decline at start of third quarter: PMI 5 August 2020, 4:18 AM

Japan’s services sector contracted for a sixth straight month in July, suggesting economic activity remained under pressure from the coronavirus crisis as the third quarter got under way.

US coronavirus fraud losses near $100 million as COVID scams double 5 August 2020, 3:33 AM

US losses from coronavirus-related fraud and identity theft have reached nearly $100 million since the pandemic emerged in March, while complaints of COVID-19 scams have at least doubled in most states, a consumer protection group said on Tuesday.

Shoprite signals plans to leave Nigeria 4 August 2020, 10:20 PM

Shoprite has signaled plans to leave Nigeria after 15 years of operating there. South Africa's supermarket giant has signaled it might sell all or its majority stake to Nigerian investors.

BP shares get transition lift in cautious European market 4 August 2020, 9:11 PM

A surge in BP shares after it laid out plans to cut its oil and gas output and boost investments in renewable energy offset disappointing earnings reports including from spirits maker Diageo, although European stocks closed largely flat.

French hotel company Accor to lay off 1 000 employees 4 August 2020, 6:30 PM

Europe's biggest hotel group Accor plans to lay off 1 000 staff, as lockdown measures and border closures implemented around the world to tackle the coronavirus pandemic weighed on its first-half results, it said on Tuesday. 

Court orders that Implats CEO be reimbursed 4 August 2020, 4:11 PM

The Tlhabane Magistrate's Court in the North West has ordered that the R60 000 bail paid by Impala Platinum Mine Chief Executive Officer, Mark Munroe, be returned to him.

SIU optimistic it will recover billions lost through state capture 4 August 2020, 2:47 PM

The Special Investigating Unit (SIU) says it is optimistic that it will recover billions of rands that Eskom has lost to state capture

VIDEO: State Capture Inquiry, 4 August 2020, Part 2 4 August 2020, 2:07 PM

Free State Human Settlements Supply Chain Management Director John Matlakala continues to testify at the State Capture Inquiry on Tuesday afternoon.

Up Money pyramid scheme directors’ accounts frozen 4 August 2020, 1:22 PM

The Deputy National Director of Public Prosecutions and Head of the Asset Forfeiture Unit (AFU) in NPA, Advocate Ouma Rabaji-Rasethaba, has confirmed that those responsible for the Up Money pyramid scheme will face criminal charges.

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Free State Human Settlements Supply Chain Management Director John Matlakala is to testify at the State Capture on Tuesday.

Former Eskom executive Matshela Koko denies corruption allegations 4 August 2020, 9:43 AM

Former Eskom executive Matshela Koko has defended himself from corruption allegations levelled against him by the power utility.

Motorists can expect another fuel hike on Wednesday 4 August 2020, 8:56 AM

The price of fuel is expected to increase again from Wednesday.

Power in Ramotshere Moiloa Local Municipality cut off due to non-payment 4 August 2020, 8:32 AM

North West acting MEC for Cooperative Governance and Traditional Affairs, Boitumelo Moiloa, is expected to visit the embattled Ramotshere Moiloa Local Municipality in Zeerust. This after residents protested against the electricity being cut off by Eskom.