South African wine industry on its knees as lockdown set to ease

28 May 2020, 8:03 PM
Two years ago, South Africa’s first black female winemaker Ntsiki Biyela watched anxiously as the worst drought in a century scorched vineyards across Western Cape.
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Power stations have less than 20 days of coal stock as per grid requirement
Watch: Eskom briefing live 16 November 2018, 10:16 AM

  Eskom Group Chief Executive addresses the media on the state of generation at the company in light of the coal shortages and the possibility of load shedding.

SA consumers taking up debt has gone down according to Stats SA
SA consumers taking up less debt 16 November 2018, 7:49 AM

The number of South African consumers taking up debt has decreased. According to Stats SA, civil summons and judgments for debt has seen a significant decrease since 2017.

Gauteng increases budget by R1.9 billion 16 November 2018, 5:41 AM

The Gauteng Finance Department has increased the province's budget by R1.9 billion. 

A shopper walks past a Vodacom shop in Johannesburg February 4, 2015.
Vodacom Tanzania approves sale of 26% stake to SA’s Vodacom Group 15 November 2018, 7:41 PM

Vodacom Tanzania shareholders on Wednesday approved the sale of a 26% stake owned by Mirambo Holdings Ltd to South Africa’s Vodacom Group.

A bunch of grapes hanging on a grapevine
Raisin market to benefit from grape harvest – due to shortage 15 November 2018, 6:55 PM

The Orange River Producers Association says around 15% of its table grape harvest will have to be converted to raisins due to damage of extreme heat.

A Woolworths store
Woolworths posts 2.7% rise in 20-week sales 15 November 2018, 6:12 PM

South African retailer Woolworths Holdings Ltd reported a 2.7% rise in sales for the 20 weeks ended November 12, helped by its local food and Australian businesses.

Petrol pump
‘Too early to celebrate fuel price cut’- Economist 15 November 2018, 4:46 PM

Economists have warned that it's still too early to celebrate the projected fuel price cut next month as Government is still trying to recover money for the slate levy used to subsidise the previous fuel hike.

Financial experts urge people not to over spend this festive season
Financial experts urge people not to overspend this festive season 15 November 2018, 10:01 AM

There are concerns that people spend much of the year paying off bad debt after buying on credit during the festive period.

Metrorail services back to normal in Soweto 15 November 2018, 8:08 AM

Metrorail says train services are back to normal in the Naledi corridor of Soweto, in Johannesburg.

President Cyril Ramaphosa
Ramaphosa warns of rising racism 14 November 2018, 9:59 PM

President Cyril Ramaphosa has warned of the rise of racism around the world during his on-going tour of Europe. The president delivered a speech to the European Parliament in Strasbourg, before heading to Brussels for a summit with European Union leaders.

SABC building
SABC improves risks management processes 14 November 2018, 9:53 PM

The SABC was again rapped over the knuckles for incurring irregular expenditure amounting to a staggering R4.9 billion over the past five years.

Petrol Pump
Lower global oil prices might benefit motorists 14 November 2018, 6:55 PM

Motorists could pay less at the pump as global oil prices take a knock. Oil prices have dipped from a high of 85 dollars per barrel to the current 67 dollars per barrel.

Cosatu protesters
Cosatu demands action against those implicated in VBS saga 14 November 2018, 5:06 PM

Cosatu has marched to the office of the premier in Polokwane to demand action against people involved in the VBS downfall.

Cyril Ramaphosa
Live: President Ramaphosa’s speech to European Parliament 14 November 2018, 12:28 PM

President Cyril Ramaphosa is on another tour of Europe, visiting Belgium, France and Switzerland.

‘Incomparable’ $50 million pink diamond smashes record at Geneva auction 14 November 2018, 6:45 AM

An exceptionally rare pink diamond of nearly 19 carats fetched $50 million at an auction in Geneva on Tuesday, Christie's said, setting a new per-carat record for a stone of its kind.

Tito Mboweni
Mboweni described as a sophisticated version of Trump 13 November 2018, 9:35 PM

The Democratic Alliance (DA) Member of Parliament David Maynier says Finance Minister Tito Mboweni is in hot water and is nothing more than a sophisticated version of Donald Trump - after Mboweni's Twitter comments recently.

Sipho Maseko
Telkom reports 10% profit, despite looming retrenchments 13 November 2018, 8:42 PM

 Telkom South Africa has reported just over 10% in rising profit during the first half of the year, from the company's mobile business division, which set-off losses recorded in the fix-line unit.

SABC News Logo
Organised labour at SABC dismayed by CFO’s statement 13 November 2018, 7:10 PM

Organised labour has accused the South African Broadcasting Corporation (SABC) of paying lip service to the Labour Relations Act in their drive to push forward with retrenchments.

Reserve Bank headquarters
SARB welcomes permission to liquidate VBS assets, assures depositors 13 November 2018, 3:10 PM

The Reserve Bank has welcomed the Pretoria High Court decision granting them permission to liquidate assets of VBS Mutual Bank.

Lonmin
Sibanye mine warns of more retrenchments 13 November 2018, 3:05 PM

Mining company Sibanye has defended its decision to retrench over 12 000 workers saying it's part of its process to merge with Lonmin.

MTN logo
MTN applies for mobile banking license in Nigeria 13 November 2018, 12:18 PM

The MTN Group will apply for a mobile banking license and launch a service in Nigeria in 2019, according to its Chief Executive Officer Rob Shuter on Tuesday

VBS Mutual Bank
VBS trial to commence in Pretoria High Court 13 November 2018, 7:37 AM

The Reserve Bank's application for the liquidation of the assets of VBS bank is expected to be heard in the Pretoria High Court on Tuesday.

Funding model at SOE’s was never resolved: Hogan 12 November 2018, 9:31 PM

Former Public Enterprise Minister Barbara Hogan says the funding model of State Owned Enterprises was never properly resolved during her tenure and that she was persecuted by senior members of the ruling party for publicly stating the dire financial situation of South African Airways (SAA).

Moody's
Global economic growth is likely to slow in the next two years: Moody’s 12 November 2018, 6:15 PM

Credit rating agency Moody's has warned that global economic growth is likely to slow in the next two years.

Tsogo Sun calls off casino and hotel sale 12 November 2018, 5:35 PM

Tsogo Sun has called off its planned sale of seven casino and hotel businesses to Hospitality Property Fund due to a lack of support from shareholders, the South African company said on Monday.

Vodacom sees a drop in profit 12 November 2018, 5:29 PM

South African mobile phone group Vodacom reported a 13.5 percent fall in half-year profit on Monday, weighed down by the issuance of new shares to meet the black ownership target under domestic affirmative action rules.

SABC notes with concern Competition Commission’s ruling 12 November 2018, 12:17 PM

The SABC says it has noted with concern the Competition Commission's ruling on its July 2013 multi-million-rand agreement with pay to MultiChoice that it amounts to a notifiable merger.

Infineon beats forecasted annual results 12 November 2018, 11:37 AM

Infineon Technologies, said on Monday that it expected to achieve a revenue growth of 9-13% in the 2018/19 business year after announcing forecast-beating annual results.

Oil prices rise by more than 1 pct after Saudis announce Dec supply cut 12 November 2018, 7:46 AM

Oil prices rose by more than one percent on Monday after top exporter Saudi Arabia announced a December supply cut, a measure likely aimed at halting a market slump that has seen crude decline by 20 percent since early October.

Alex Mashilo
SACP to discuss newspaper report implicating them in VBS saga 11 November 2018, 9:46 PM

The leadership of the SACP will meet on Monday to discuss a newspaper report which implicates the party in essentially taking a bribe from VBS Mutual bank.