Dubai announces new economic support package, worth over $400 million

11 July 2020, 3:55 PM
Dubai has announced a new package to help the economy cope with the effects of the coronavirus outbreak, worth 1.5 billion dirhams ($408 million), the crown prince of the emirate, Hamdan Bin Mohammed Al-Maktoum, said on Twitter on Saturday.
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NUM ready to sign Eskom’s wage agreement 16 August 2018, 8:35 PM

The National Union of Mineworkers says it's ready to sign Eskom's three year wage agreement on condition that the power utility does not press ahead with its intention to discipline its workers.

AMC president, Joseph Mathunjwa
Mathunjwa warns Impala Platinum against job cuts 16 August 2018, 7:12 PM

AMCU president, Joseph Mathunjwa has warned that members of his union will go on strike for a year if Impala Platinum carries out plans to cut up to 13400 jobs.

Ramaphosa appoints inquiry into PIC affairs 16 August 2018, 5:45 PM

The National Treasury says the commission of inquiry that President Cyril Ramaphosa has appointed to investigate state-owned fund manager Public investment Corporation (PIC) will look at matters related to governance failures.

Protesting taxi operators blockade George main road 16 August 2018, 3:21 PM

Taxi bosses are meeting behind closed doors with provincial and municipal traffic authorities in George in the Southern Cape.

Eskom cover picture
Call for urgent resolution to the standoff between Eskom, trade unions 16 August 2018, 3:12 PM

Investors want to see an urgent resolution to the standoff between Eskom and trade unions NUMSA, NUM and Solidarity.

Lira crisis piles pain on Turkish shoppers as costs soar 16 August 2018, 2:01 PM

"Look at this, I have sold nothing!" said Cemile Baykal, sitting in front of piles of vegetables untouched on her Ankara market stall.

Siyabonga Gama wearing glasses and black suit
SA’s Transnet CEO and officials face suspension 16 August 2018, 8:40 AM

The chief executive of Transnet and two other senior officials have been told they will be suspended, the chairman of the state-owned logistics utility said on Wednesday, without giving a reason for the possible suspensions.

Phakamile Hlubi speaking to SABC
Tensions high amid Eskom wage talks stalemate 16 August 2018, 6:37 AM

Numsa and NUM, have re-iterated their demand that Eskom refrain from disciplining employees who participated in the unprotected strike over the last few weeks.

Eskom
Eskom threatens to take action against striking workers 15 August 2018, 9:00 PM

Eskom has declared a dispute with trade unions NUMSA and NUM over the precondition that the unions introduced as part of the wage negotiations.

SA Express
SA Express to resume flights 15 August 2018, 3:50 PM

South African Express is expected to be back in the air soon. SA Express was grounded in May this year due to safety issues. 

SA rand slumps as Moody’s says fiscal consolidation slows 15 August 2018, 2:58 PM

South Africa's rand slumped on Wednesday as ratings agency Moody's warned that the pace of fiscal consolidation in Africa's most industrialised economy had slowed.

Steinhoff logo
Fedusa suspects manipulation in Steinhoff saga 15 August 2018, 2:22 PM

Labour federation Fedusa says it suspects collaboration and conniving in the Steinhoff saga.

Goverment urged to criminalise selling of illicit tobacco 15 August 2018, 8:30 AM

The Food and Allied Workers Union (Fawu) has called on government to criminalise the selling of illicit tobacco products in the country.

Mining has played a central role in shaping South Africa's history since diamonds were discovered in Kimberley in 1868.
Twilight of South African gold mining fuels job crisis 15 August 2018, 7:22 AM

About 100 miners dressed in high-visibility workwear, balaclavas, gloves and boots line up against a shipping container that serves as a makeshift office at the Evander gold mine.

ANC NEC calls on financial authorities to investigate VBS 14 August 2018, 6:30 PM

The ANC says Reserve Bank will get support in its investigation into the collapse of the Limpopo based VBS Mutual Bank.

President Cyril Ramaphosa looking pensive
Ramaphosa proposes new sovereign wealth fund: party officials 14 August 2018, 3:24 PM

South African President Cyril Ramaphosa has proposed setting up a sovereign wealth fund to help boost economic growth, and his ruling African National Congress (ANC) backs the plan, two senior party officials said on Tuesday.

Petrol Pump
Energy ministry fails to show up for fuel briefing 14 August 2018, 2:48 PM

Members of the Energy Committee in Parliament were united in condemning Energy Minister Jeff Radebe and his Department for failure to brief the committee about the increase in fuel prices.

Wooden gavel.
‘Credit providers are facing a court challenge over illegal debt collections’ 14 August 2018, 12:14 PM

Credit providers are facing a court challenge over illegal debt collections. 

Commuters waiting for the arriving Gautrain
Full Gautrain services resume on Wednesday 14 August 2018, 9:15 AM

The Gautrain management says full services will resume on Wednesday once the operational schedule has been updated.

Picture of petrol pump in car
Dept of Energy to brief Parliament on fuel price 14 August 2018, 6:50 AM

The Department of Energy will on Tuesday brief Parliament's Portfolio Committee on Energy on the fuel price.

Minsers gathered on the koppie
Marikana conditions unchanged: Bench Marks Foundation 13 August 2018, 9:32 PM

Observers say platinum mining giant Lonmin is still far from abiding by the Mining Charter to provide adequate houses for its employees, as part of its social and labour plan.

South African rands being counted
Reserve Bank “nowhere near” intervention on rand: Deputy Governor 13 August 2018, 7:47 PM

The South African Reserve Bank was surprised by the magnitude of the rand weakness early on Monday but forex market conditions where “nowhere near” requiring the bank to intervene, deputy governor Daniel Mminele told Reuters.

Rand coins
Rand falls to a two-year low 13 August 2018, 7:23 PM

South Africa's rand plunged more than 10% to a 2-year low against the dollar early on Monday and government bonds weakened sharply as a renewed rout in the Turkish lira spread to other emerging markets.

A branch of VBS
ANC in Limpopo denies reports of saving VBS from liquidation 13 August 2018, 4:10 PM

The Limpopo Development Agency will neither confirm nor deny reports that there are plans to acquire the embattled VBS Mutual Bank.

Netflix logo
Netflix CFO David Wells to step down 13 August 2018, 3:22 PM

Netflix Inc’s Chief Financial Officer David Wells plans to step down, the company said on Monday.

A red car at a petrol pump
Weaker Rand dampens hopes for a fuel price decrease 13 August 2018, 2:50 PM

South African consumers may be facing tough times ahead as the weaker Rand dampens hopes for a fuel price decrease.

Gautrain
Gautrain strike officially over 13 August 2018, 12:38 PM

The two week long strike by Gautrain employees is officially over.

Government denies massive job cuts to reduce increasing wage bill 13 August 2018, 10:39 AM

Government has denied reports that it is planning to reduce civil servants head count in order to decrease its growing wage bill.

The parties have now delayed the signing of the wage agreement
Eskom to take disciplinary action against striking workers 13 August 2018, 9:46 AM

Eskom insists that disciplinary action will be taken against employees who embarked on an illegal strike as the power utility is regarded as an essential service.

Gautrain
Gautrain strike continues 13 August 2018, 9:40 AM

Gautrain commuters, who have purchased weekly or monthly train passes, can be assured that they will be reimbursed if they were affected by the on-going strike.