Gordhan and unions at SAA discuss employees salaries

29 May 2020, 6:22 AM
Public Enterprises Minister Pravin Gordhan has met with unions at South African Airways (SAA) to discuss the salaries of employees.
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SARS Commission continues on Friday 19 October 2018, 6:00 AM

The SARS Commission of Inquiry chaired by retired judge Robert Nugent will continue for the fifth day of public hearings on Friday.

Global stocks fall on worries about Saudi Arabia, Italy 19 October 2018, 5:57 AM

Global stocks mostly fell Thursday on a panoply of worries as varied as higher US interest rates, the diplomatic fallout from the disappearance of a Saudi journalist...

Gwede Mantashe
Mining disasters under the spotlight at summit 18 October 2018, 8:20 PM

Representatives of the mining industry as well as unions, business, and the health and safety sector are attending the 2018 Mine Occupational Health and Safety summit in Benoni, east of Johannesburg.

Investec logo
Investec asset management buys stake in South African school firm 18 October 2018, 7:30 PM

Investec Asset Management, a subsidiary of Investec, has bought in a firm that runs private colleges in South Africa, it said on Thursday, tapping into a fast-paced expansion in education businesses.

Someon holding a mobile device
Data prices to go down 18 October 2018, 6:05 PM

Data prices are coming down, but they could go down faster if spectrum was made available, according to Vodacom Chief Executive Officer, Shameel Joosub.

VBS
Concern over lack of cooperation from municipalities who invested with VBS 18 October 2018, 5:15 PM

Limpopo government has bemoaned what it calls lack of cooperation from municipal managers who invested money with VBS Mutual Bank.

The so-called auto masterplan aims to bolster competitiveness and expand vehicle production in South Africa
South Africa poised to adopt plan to boost local car industry suppliers 18 October 2018, 4:55 PM

South Africa is likely to adopt new plans for the country’s car industry in December which aim to increase the local content of assembled cars to 60 percent by 2035 from around 38 percent now, a cabinet minister said on Thursday.

People at ATMs
Old Mutual sells all 5.5 mln shares in Nedbank 18 October 2018, 3:42 PM

South Africa’s Old Mutual Ltd said on Thursday it sold all 5.5 million shares in Nedbank Group Ltd to select institutional investors, marking the final step in the spinning-off of the unit.

VBS Mutual Bank
VBS Mutual Bank employees sign retrenchment notices 18 October 2018, 3:31 PM

Some VBS employees have finally signed retrenchment notices after days of rejecting them, while other workers are still refusing to sign.

Part of a branch of VBS bank
VBS looting immoral and evil: SACC 18 October 2018, 12:50 PM

The South African Council of Churches (SACC) in Limpopo has denounced the looting of billions of rands at VBS as immoral and evil.

Major mining companies not investing in SA mining industry: Mantashe 18 October 2018, 12:23 PM

Minister of Minerals Resources Gwede Mantashe says he is concerned that major mining companies who are investing on the continent are not investing in the South African mining industry.

On Wednesday, the commission in Pretoria heard that access to affordable internet is a human right.
Cellphone service providers to testify during data inquiry 18 October 2018, 9:32 AM

The four major cellphone service providers in South Africa will testify on Thursday at the Competition Commission's market inquiry into data services and prices.

Half of Cola Cola ads removed from SA schools 18 October 2018, 7:12 AM

Global beverage company Coca Cola says it has removed half of its advertisements at South African schools as part of its responsible advertising commitments.

MTN’s shares have lost a fifth of their value
Nigeria central bank, MTN getting closer to settlement: Minister 17 October 2018, 9:05 PM

Nigeria’s central bank and South African telecommunications firm MTN could soon strike a deal in their dispute over the repatriation of $8.1 billion, Nigeria’s information minister said on Wednesday.

Steinhoff building
Steinhoff’s investors to suspend legal battle as firm recovers 17 October 2018, 8:03 PM

Steinhoff said on Wednesday investors who are suing the crisis-hit firm had agreed to suspend litigation until next year, allowing the retailer time to focus on its recovery.

Sales rose 2.5% year-on-year in August after increasing 1.4% in July
South Africa’s retail sales jump as spending on consumer goods rises 17 October 2018, 6:20 PM

South Africa’s retail sales rose in August as household goods, clothing and cosmetics grew, data showed on Wednesday, with recovering consumer spending a sign the economy is climbing out of a recession that has piled pressure on President Cyril Ramaphosa.

R100 notes
Mboweni to stick close to Feb budget 17 October 2018, 4:15 PM

South Africa’s new finance minister Tito Mboweni will stick closely next week to previous budget forecasts for the coming two fiscal years, with only slight slippages.

Dis-Chem logo
Dis-Chem profit up as market share increases 17 October 2018, 2:45 PM

 South African pharmacy group Dis-Chem's half-year profit on a per share basis rose 10.5% as it lifted its market share across all divisions.

Someone holding a mobile phone and laptop
Inquiry into data prices underway 17 October 2018, 2:32 PM

The Competition Commission in Pretoria is holding an inquiry into data services in South Africa.

Call for increase on cigarette tax 17 October 2018, 11:35 AM

The National Council Against Smoking says it wants tax on cigarettes increased by 70% to reduce tobacco consumption and increase tax revenue.

E-filing system currently operational: SARS 17 October 2018, 9:58 AM

The South African Revenue Service says although necessary budgets are not yet available to upgrade its IT infrastructure, its e-filing system is currently operational.

MyCiti bus
Numsa to meet striking MyCiti bus employees 17 October 2018, 8:20 AM

Striking MyCiti bus transport workers in Cape Town are pinning their hopes on Wednesday's meeting with the labour union, Numsa to help pressurise their employers and the city to give in to their demands.

Oil prices edge up on surprise draw down in U.S. crude stockpiles 17 October 2018, 7:36 AM

Oil prices extended gains into a fourth session on Wednesday, buoyed as industry data showed a surprise decline in U.S. crude inventories and as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply worries. U.S. West Texas Intermediate crude was up 15 cents,or 0.2 percent, at $72.07 a barrel by 0255 GMT […]

SARS inquiry calls on Ramaphosa to fire Tom Moyane 16 October 2018, 8:08 PM

SARS inquiry Commission Chair, retired Judge Robert Nugent has recommended that President Cyril Ramaphosa should fire suspended SARS Commissioner Tom Moyane with immediate effect, in order to set the organisation on a firm path of recovery.

Newly-appointed South African Finance Minister Tito Mboweni
Treasury says recession, falling revenue hurt public finances 16 October 2018, 7:11 PM

Falling revenues and a recession mean South Africa will struggle to finance public services, the National Treasury said on Tuesday, as ratings agency Moody's warned of the risks of rising government debt.

Moody's
Moody’s to rely on next week’s MTBPS 16 October 2018, 7:03 PM

Rating agency Moody's says the successful implementation of structural reforms along with the reduction in government debt could lead to an upgrade in the country's sovereign rating.

Mboweni defends role of Treasury, SARB in VBS Mutual Bank’s saga 16 October 2018, 5:05 PM

Finance Minister Tito Mboweni has strongly defended the role of the Treasury and the South African Reserve Bank in the VBS Mutual Bank's saga.

Pick n Pay H1 profit jumps 19 pct as price cuts lure buyers 16 October 2018, 4:12 PM

South African supermarket chain Pick n Pay Stores on Tuesday said half-year profit before tax jumped 19.1 percent as price cuts attracted more shoppers to its stores.

Pick 'n Pay
Pick ‘n Pay profits grows by 19.1% 16 October 2018, 2:39 PM

Retailer Pick 'n Pay say its half-year profits before tax grew by 19.1%. It announced a profit of more than 670 billion rand before tax.

Motorists filling up their vehicles
AA warns of further fuel hikes 16 October 2018, 5:24 AM

The Automobile Association (AA) of South Africa has warned that further substantial fuel price hikes are looming for the end of October.