Consumers warned to brace themselves for 25-30% electricity price hike
Eskom announced disappointing financial results for the financial year ended March 2020.The power utility says its unsustainable debt burden led to net finance cost of R31.2 billion, which resulted in a net loss of R20.5 billion.
The City of Cape Town's Portfolio Committee on Transport says a depleted rail system due to vandalism is crippling poor communities.
Eskom's Group Chief Executive Officer Andre de Ruyter along with his management team releases the power utility's annual results.
The lobby group, National Council Against Smoking (NCAS) is calling for a 100% tax hike on tobacco products, saying it could relieve pressure on an overloaded health system.
The Financial Sector Conduct Authority's (FSCA) has fined former Steinhoff CEO Markus Jooste and three others at least R241 million for insider trading related breaches.
The Broadcasting, Electronic, Media & Allied Workers Union (Bemawu) has warned the SABC that any further reluctance to engage in further consultations regarding important issues could result in a total blackout.
Ratings agency Fitch has sent a strong warning to the government that it should expect a backlash from public sector workers for planning to freeze their salary increases.
The State Capture Commission continues to hear Denel related evidence from the former Denel Land Systems Former Chief Operations Officer and a Current General Manager of Combat Systems, Reenen Teubes.
Former South African Revenue Service (SARS) boss Tom Moyane is on Friday morning expected to cross-examine Public Enterprises Minister Pravin Gordhan at the Commission Inquiry into State Capture in Johannesburg.
The Communication Workers' Union (CWU) says the SABC has failed to explain its restructuring plan and refused to respond to the union's questions during a meeting that took place with the Commission for Conciliation, Mediation and Arbitration (CCMA) recently.
A gauge of Asian shares fell for a third straight session on Friday as jitters over upcoming US presidential elections and fears that the global economic downturn will persist enveloped markets, though the index was still set to end the month higher.
Facebook Inc on Thursday warned of a tougher 2021 despite beating analysts’ estimates for quarterly revenue as businesses adjusting to the global pandemic continued to rely on the company’s digital ad tools.
The University of Limpopo says it is studying a memorandum that was handed to the management by disgruntled community members. Some unhappy local residents at Mankweng demand that local businesses be prioritised in the awarding of tenders.
The South African Broadcasting Corporation (SABC) has called on the public to submit their comments to government on the draft White Paper on Audio and Audio-visual Content Services.
She says 50 projects are ready for investment and implementation while a further 12 special projects, of which five had an additional focus of mass employment, were identified in the plan.
Transport Minister, Fikile Mbalula, has stressed the importance of unity in the taxi industry saying violence and conflict among stakeholders must be stopped.
Finance Minister Tito Mboweni on Wednesday tabled the 2020 Medium-term Budget Policy Statement ( MTBPS) in parliament amid the coronavirus (COVID-19) global pandemic which had dented economies around the world.
Public Enterprises Minister Pravin Gordhan has expressed his shock and disappointment with opposition parties and some analysts for what he calls a lack of insight, financial literacy and understanding of governance processes.
Labour union BEMAWU has approached the Labour Court seeking an interdict to stop the SABC from going ahead with its planned retrenchment of staff.
The State Capture Commission continues to hear Denel related testimony.
The Public Servants Association (PSA) says the R10.5 billion allocated to restructure the South African Airways (SAA) is misdirected.
Some opposition parties in Parliament have criticised Finance Minister Tito Mboweni for allocating R10,5 billion to SAA while public workers and representatives are expected to take pay cuts.
South African Revenue Service (SARS) Commissioner, Edward Kieswetter, has welcomed initiatives by government to increase employment in South Africa.
Oil prices rose in early trading on Thursday, regaining some of the ground lost in a 5% slump overnight, amid the prospect of tighter short-term supply with two-thirds of US output shut in the Gulf of Mexico as Hurricane Zeta slammed Louisiana.
Asian stocks were set to join a global sell-off on Thursday as worries about surging coronavirus cases in Europe and the United States sent investors scrambling for safe-haven assets.
Stocks sank across the globe on Wednesday on concerns that rising COVID-19 cases in Europe, the United States and elsewhere would disrupt fragile economic recoveries, while the US dollar rose on safe-haven demand.
The Democratic Alliance (DA) has reacted with dismay to the Medium Term Budget Policy Statement tabled by Finance Minister Tito Mboweni saying it lacked the initiative to move the country forward to the detriment of ordinary South Africans.
Finance Minister Tito Mboweni has revised this year's growth contraction to 7.8% from the 7.2% estimate in June.
Worker representatives of SA Express have welcomed the extension of the embattled airline's final provisional liquidation.
The State Capture Commission of Inquiry continues to hear Denel related testimony on Wednesday afternoon, with ARMSCOR System Engineer Mr. Phumlane Nkosi taking the stand.
