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.
Mine workers
Cosatu to stage nationwide strike due to retrenchments 31 January 2019, 7:34 AM

Cosatu says it will stage a nationwide strike on February the 13th over large-scale retrenchments at ailing state-owned firms and private companies.

Vodacom Shutdown Movement to go ahead with protest 30 January 2019, 9:38 PM

The #VodacomShutdown movement is expected to protest outside the mobile giant's headquarters on Friday. Consumers are unhappy over Vodacom's handling the “Please Call Me” matter.

South Africa needs radical reforms for inclusive growth: Economists 30 January 2019, 8:54 PM

Experts say the economy should grow by at least 3 to 5% in order for it to create employment.

Alibaba profit up 37% but revenue growth eases 30 January 2019, 8:01 PM

Chinese e-commerce leader Alibaba said Wednesday that net profit increased 37 percent in the latest quarter as growth in cloud computing and other business lines helped offset a slowing expansion in core online retail. The company’s net profit grew to 33.0 billion yuan ($4.9 billion) in the October-December third quarter, compared to 24.1 billion yuan […]

President Cyril Ramaphosa
SA should never be described as a corrupt country again: Ramaphosa 29 January 2019, 9:40 PM

President Cyril Ramaphosa says this year should be the last year that South Africa is described as a country ripped apart by corruption.

Slight petrol price increase expected in Feb 29 January 2019, 6:42 PM

Petrol is expected to increase by around eight cents a litre, while diesel is set to drop by three cents and illuminating paraffin by nine cents.

eThekwini logo and metro police cars
eThekwini municipality raids illegal businesses 29 January 2019, 6:30 PM

Authorities from the KwaZulu-Natal Economic Development Department and the Ethekwini Municipality have closed down illegal businesses in and around Durban.

Tito Mboweni
Policy certainty central to private sector investment: Mboweni 29 January 2019, 2:47 PM

Finance Minister Tito Mboweni says policy certainty is central to private sector investment.   

Former member says PIC board was characterised by fear and divisions 29 January 2019, 2:30 PM

A former board member of the Public Investment Corporation, Claudia Manning, has described the PIC board as characterised by fear and divisions in the period from September to December 2017.

Unemployed people.
Long period of being unemployed lessens chances of finding work: Study 29 January 2019, 2:00 PM

A new study conducted by the University of South Africa revealed that being unemployed for a long of period time lessens the chance of finding work because of job scarcity.

Notes and coins
Rand weakens in cautious trade, stocks down 29 January 2019, 6:32 AM

The rand weakened against the dollar on Monday, before a week packed with market-moving events.

Zimbabwe ‘determined’ to fix its economy: Finance minister 28 January 2019, 8:22 PM

Zimbabwe's government will press on with painful economic reforms to overcome years of crisis despite recent bloody unrest, Finance Minister Mthuli Ncube told AFP Tuesday.

UK financial services minister expects Brexit deal 28 January 2019, 4:58 PM

Britain is working hard for a Brexit deal but it would still be prudent to put in place contingency measures in case no agreement is reached, UK financial services minister John Glen said on Monday.

Eurozone loan growth picks up in December 28 January 2019, 11:44 AM

Lending to the private sector in the eurozone picked up pace in December, official data showed Monday, suggesting little effect from the withdrawal of a key pillar of central bank stimulus last month.

Zimbabwe President Emmerson Mnangagwa
Zimbabwe’s inflation rate hits 290% 28 January 2019, 9:11 AM

Economists in Zimbabwe's say inflation rate has hit 290%- the second highest in the world after Venezuela.

Union Flags
Ireland says ‘no change’ to Brexit backstop 28 January 2019, 9:02 AM

Ireland dealt a blow on Sunday to British Prime Minister Theresa May's attempts to break the deadlock over Brexit by saying it would not accept any changes to an agreement aimed at preventing a hard border on the island of Ireland.

Head of PIC's listed Investments Madavo
PIC Commission resumes with more evidence from employees 28 January 2019, 7:42 AM

The Commission of Inquiry into the affairs of the Public Investment Corporation resumes on Monday in Pretoria.

SABC, Primedia and Ster-Kinekor to pay millions for price fixing 27 January 2019, 6:20 PM

The South African Broadcasting Cooperation (SABC), Primedia and Ster-Kinekor have reached settlement agreements with the Competition Tribunal. 

Mixed emotions in Germany as 500-euro note bows out 27 January 2019, 6:13 AM

As the ECB takes the final step in phasing out the 500-euro note, few are expected to mourn a bill favoured by criminals but rarely seen in daily life.

President Cyril Ramaphosa
Investors regaining confidence in SA economy: Ramaphosa 26 January 2019, 12:13 PM

President Cyril Ramaphosa says Team SA's message was well received at the World Economic Forum despite the current global economic uncertainty.

IMF building
IMF clears way for $2 bn loan payment to Egypt 26 January 2019, 11:08 AM

The International Monetary Fund has cleared the way to approve the next $2 billion loan payment to Egypt, IMF chief Christine Lagarde announced Friday.

‘Great for Canada’ if US drops extradition request for Huawei CFO 26 January 2019, 9:31 AM

Ottawa's ambassador to China told a Canadian newspaper Friday that it would be "great for Canada" if the US dropped its extradition request for Huawei CFO Meng Wanzhou.

Mthatha Airport building
Civil Aviation Authority downgrades Mthatha Airport 25 January 2019, 8:07 PM

Mthatha airport in the Eastern Cape has been downgraded by the South African Civil Aviation Authority (SACAA) from a category 4 to a category 3 level airport.

Dry land
Drought places SA’s food security and jobs under threat 25 January 2019, 3:08 PM

R7 billion and 31 000 jobs have been lost since January 2018 due to the persistent drought and severe heat conditions in the country.

Commissions in SA pave way for redemption: Ramaphosa 24 January 2019, 9:50 PM

President Cyril Ramaphosa says the work of the various commissions probing allegations of state capture and fraud and corruption in the country is a cathartic way of ridding the country of past transgressions and to pave the way for redemption.

CemAir plane
Civil Aviation Authority welcomes court ruling against CemAir 24 January 2019, 8:43 PM

The South African Civil Aviation Authority, SACAA, has welcomed the Johannesburg High Court’s judgment in favour of its suspension of CemAir Airline.

Competition Commission has no funds for key investigations 24 January 2019, 5:42 PM

In 2018 the Commission exceeded its budget by almost R80 million, while irregular expenditure shot up by R129 million. 

Hiroto Saikawa
Nissan CEO hails Renault’s new leadership, ‘new chapter’ in ties 24 January 2019, 4:30 PM

Nissan chief Hiroto Saikawa on Thursday welcomed new leadership at Renault replacing detained tycoon Carlos Ghosn and hoped for a "new chapter" in ties between the fractious partners.

Live: Interview with President Ramaphosa from Davos 24 January 2019, 4:23 PM

President Cyril Ramaphosa and Finance Minister Tito Mboweni  lead the team at the Word Economic Forum.

Cyril Ramaphosa
Ramaphosa in India for bilateral talks 24 January 2019, 12:48 PM

Apart from bilateral talks with the Indian government, President Ramaphosa will also be the chief guest at India's Republic Day military parade only the second South African President after Nelson Mandela to get the honour.