PSA calls urgent meeting on PIC’s alleged involvement in Takatso’s SAA stake

18 June 2021, 4:40 PM
The Public Servants Association (PSA) says it has called an urgent meeting between all public sector unions and management of the Government Employees Pension Fund to discuss the Public Investment Corporation's (PIC) alleged involvement in the funding of the controversial acquisition of a 51% stake in SAA by the Takatso Consortium.
Dow, S&P post worst week in months after hawkish Fed spooks investors 18 June 2021, 11:37 PM

US stocks ended sharply lower on Friday, with the Dow and S&P 500 posting their worst weekly performances in months, after comments from Federal Reserve official James Bullard that the US central bank might raise interest rates sooner than previously expected spooked investors.

Pro-consumer automotive aftermarket industry guidelines come into effect soon 18 June 2021, 7:39 PM

New guidelines for the South African Automotive aftermarket sector will come in to place on the 1st of July.

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US FCC votes to advance proposed ban on Huawei, ZTE gear 18 June 2021, 10:37 AM

 The US Federal Communications Commission voted unanimously on Thursday to advance a plan to ban approvals for equipment in US telecommunications networks from Chinese companies deemed national security threats like Huawei and ZTE.

Asian shares up but set for weekly loss after hawkish Fed 18 June 2021, 5:43 AM

Asian shares inched higher on Friday but were set for a weekly loss, while the US dollar hovered near two-month highs as investors continued to digest comments from the US Federal Reserve projecting interest rate hikes in 2023.

Singh tells Zondo of Gupta-linked shelf company bogus deal 17 June 2021, 9:20 PM

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Retail trade sales contract for a second consecutive month 17 June 2021, 8:38 PM

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NUM looks to manufacturing sector to grow membership 17 June 2021, 7:30 PM

The union celebrated Youth Day on Wednesday by holding a rally with new recruits from the manufacturing sector in Sebokeng, south of Johannesburg.

LIVE | State Capture Inquiry hears evidence from former Transnet CFO Anoj Singh – Part 2 17 June 2021, 2:47 PM

The State Capture Commission hears oral evidence from former Transnet CFO Anoj Singh and will also hear evidence from former public enterprise minister Malusi Gigaba on Thursday night.

COSATU wants amendments to the Pension Act fast-tracked 17 June 2021, 12:49 PM

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Eskom expresses sadness at passing of former board chair Mabuza 17 June 2021, 11:34 AM

Eskom has expressed sadness about the passing of former board chairperson Dr Jabu Mabuza.

VIDEO: State Capture Inquiry hears evidence from former Transnet CFO Anoj Singh 17 June 2021, 10:00 AM

The State Capture Commission hears oral evidence from former Transnet CFO Anoj Singh and will also hear evidence from former public enterprise minister Malusi Gigaba on Thursday tonight.

Sanco accuses Mineral Resources Department of turning blind eye to illegal mining activities 17 June 2021, 9:26 AM

The South African National Civic Organization (Sanco) in the North West has accused the Department of Mineral Resources and Energy and law enforcement agencies of turning a blind eye to illegal mining activities in the province.

More illegal miners could have died at mine near Orkney: Mine manager 17 June 2021, 6:11 AM

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Former Eskom chairperson Dr Mabuza passes away from COVID-19-related complications 17 June 2021, 5:48 AM

The former chairperson of  Eskom and widely admired businessman Dr Jabu Mabuza has died from COVID-19-related complications on Wednesday, his family announced.

MTN Nigeria tells customers about potential disruptions for business continuity 17 June 2021, 12:00 AM

MTN Nigeria said on Wednesday it notified some enterprise customers about a potential service disruption to enable them put in place business continuity measures.

Illegal mining
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McBride, Booyens abandon bid to cross-examine state capture witnesses 16 June 2021, 4:55 PM

They have now requested the commission to call them back in order give their version of events.

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RASA welcomes level 3 lockdown with cautious optimism 16 June 2021, 10:46 AM

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Association pleased no total ban on liquor sales under revised lockdown regulations 16 June 2021, 10:00 AM

The SA Liquor Brand Owners Association has approved government's decision to keep the liquor industry open under the level 3 lockdown.

Mabuza warns against racialisation of problems at Eskom 16 June 2021, 6:40 AM

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Wall Street retrenches and awaits Fed while oil surges 15 June 2021, 11:23 PM

Investors retrenched and avoided major risks across multiple markets on Tuesday as markets awaited fresh guidance from the US Federal Reserve on Wednesday. Wall Street took a step back on Tuesday, with all three major indices dropping after two posted record highs on Monday. US Treasuries held steady, as did the US dollar, with little […]

Eskom wage negotiations head for arbitration 15 June 2021, 3:18 PM

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OPINION | State and institutions have key role to play in responding to youth jobs crisis 15 June 2021, 3:00 PM

High youth unemployment is a burning issue this Youth Month. Creating jobs and economic opportunities for the youth has become a political, economic and social necessity.

PSA members in KZN frustrated with wage negotiations deadlock 15 June 2021, 8:57 AM

The Public Servants Association (PSA) in KwaZulu-Natal says its members are frustrated with the current deadlock in the public sector wage negotiations.

‘New SAA deal will give airline an opportunity to operate as a functional business’ 15 June 2021, 5:57 AM

Former South African Airways (SAA) CEO, Vuyani Jarana says the SAA deal - intended to sell a 51% stake to an equity partner with government - will give the airline the opportunity to operate as a functional business.

WTO head says pandemic-related trade barriers are rising 14 June 2021, 7:01 PM

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Samwu warns of possible nationwide strike 14 June 2021, 4:48 PM

The South African Municipal Workers Union (Samwu) says it has begun balloting its members for a possible strike in municipalities across the country.