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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Iran sanction by US to cripple MTN’s profits 6 August 2018, 6:49 PM

MTN is headed for turbulent times as the United States makes plans to re-imposes economic sanctions in Iran.

CEO Maria Ramos
Absa’s H1 profit down 4 percent 6 August 2018, 3:00 PM

South African lender Absa Group reported a 4 percent fall in half-year profit on Monday, weighed down by costs related to its separation from former parent Barclays.

Tanzania wants to build pipeline to pump gas to Uganda 6 August 2018, 2:57 PM

Tanzania wants to build a pipeline to pump natural gas to neighbouring Uganda, another step in the two countries' bid to expand energy cooperation.

South Africa’s Royal Bafokeng Platinum narrows H1 loss 6 August 2018, 2:39 PM

South African platinum producer Royal Bafokeng Platinum said on Monday its half-year loss narrowed but was still weighed down by an impairment cost, care and maintenance costs and operational readiness costs from its newly acquired Maseve operations.

Taxi rank in Khayelitsha.
Taxi Task Team slams torching of buses 6 August 2018, 12:43 PM

The Taxi Task Team has condemned the torching of two Golden Arrow buses in Khayelitsha in Cape Town but has denied that their members were responsible.

Deadline looms for workers on Eskom wage offer 6 August 2018, 10:39 AM

Eskom hopes more workers will report for duty on Monday to help bring stability to its power stations. 

Taxi commuters waiting in a taxi rank.
High fuel price, route invasions prompt C Town taxi strike 6 August 2018, 8:45 AM

Taxi commuters in Cape Town are set to be forced to find alternative arrangements Monday morning as some taxi operators are to embark on a strike in the province.

Wheat falls for 2nd day, soybeans struggle on U.S.-China trade war 6 August 2018, 5:50 AM

Chicago wheat futures slid for a second session on Monday as the market took a breather from a rally that drove prices to a three-year high last week on concerns over dryness curbing production in key exporting nations. Soybeans edged lower as an escalation in the trade war between Washington and Beijing stoked fears for sales of U.S. soybeans to China. […]

Chip labour: Robots replace waiters in China restaurant 5 August 2018, 12:40 PM

The little robotic waiter wheels up to the table, raises its glass lid to reveal a steaming plate of local Shanghai-style crayfish and announces in low, mechanical tones, "Enjoy your meal."

Drought causes economic crisis for E Cape farmers 5 August 2018, 12:05 PM

The debilitating drought in the Eastern Cape is impacting badly on poor rural villagers and seasonal farm workers.

Venita Cloete
Illegal miners at Kleinsee seeks mining permits 4 August 2018, 8:18 PM

Illegal miners at Kleinsee in the Namaqualand want mining permits to mine the diamond-rich land but this can only be granted by government

RDP fraud investigated in Mpumalanga 4 August 2018, 4:20 PM

Cases of housing fraud are being investigated in the Mkhondo municipality. Recently, a house belonging to an elderly woman was given to someone else.

Govt to meet with labour over possible Implats retrenchments 4 August 2018, 6:45 AM

Mineral Resources Minister Gwede Mantashe says government will meet with labour to challenge the decision by Impala Platinum (Implats) to retrench 13 000 workers.

The power utility has been locked in wage negotiations with unions.
High risk of load shedding in August 3 August 2018, 6:56 PM

Eskom says there is a high risk of load shedding for the rest of this month. The power utility has urged consumers to use electricity sparingly.

Mantashe says Implats is using old tactics to cut labour.
Govt to meet with labour to challenge Impala’s decision to retrench workers 3 August 2018, 6:02 PM

Mineral Resources Minister Gwede Mantashe says government will meet with labour to challenge the decision by Impala Platinum to retrench 13 000 workers.

Manyano Rasmeni looking after his crop. My journey back to the land.
My journey back to the land 3 August 2018, 4:40 PM

Rasmeni says land is everything, it is his passion. After leaving his corporate marketing  job at one of South Africa's biggest media companies, six years, Rasmeni, 34, moved back home to help out on his parent’s farm in Frankfort, outside Bhisho.

Zikalala says they will deal with unscrupulous traders who exploit desperate consumers.
KZN puts in place measures to curb consumer rights violations 3 August 2018, 3:50 PM

KwaZulu-Natal MEC for Economic Development, Sihle Zikalala, says he is putting in place measures to curb consumer rights violations in the province.

Fort Hare university entrance
Nehawu strike at Fort Hare University finally over 3 August 2018, 11:43 AM

The eight week long workers' strike led by Nehawu at the University of Fort Hare in the Eastern Cape, has ended.

Pikitup says workers will be notified once the process has been completed.
Pikitup alarmed at employees’ protest 3 August 2018, 9:51 AM

The Johannesburg waste management company, Pikitup says there is a process underway to employ former Jozi@work workers and Pikitup employees.

Nomfundo Mcoyi addressing audience.
iCebolethu Foundation casts spotlight on scarce skills 3 August 2018, 7:29 AM

A lack of information and exposure to scarce skills fields is one of the major reasons young people in disadvantaged areas are not entering these careers. 

Cosatu is unphased by the drop in the rand value
Cosatu not moved by 16 cents drop in rand over land issue 2 August 2018, 9:00 PM

Cosatu, speaking on the sidelines of the student debate on land, has labelled the 16 cents decline in rand value as a form of blackmail from imperialist forces.

SA's education system is not producing candidates who are in demand in the economy
‘Govt policies needed to adapt to changing environment’ 2 August 2018, 3:10 PM

Brics Labour Ministers have heard at a summit on the KwaZulu-Natal North Coast that clear and coherent government policies are needed to adapt to fast paced change in the work place due to the fourth industrial revolution .

Implats will cut 13000 jobs
SA platinum miner to slash 13 000 jobs 2 August 2018, 2:28 PM

South African platinum miner, Impala Platinum, will cut 13 000 jobs over the next two years, it said on Thursday, as the local platinum industry grapples with rising costs and weak prices for the precious metal.

SABC plans to increase revenue generation: GCEO 2 August 2018, 11:25 AM

The SABC says it has a turnaround strategy which will be implemented soon. The public broadcaster has informed its service providers that they won't be getting paid for the month of July.

Moyane's objections have been dismissed
Moyane objections to DC dismissed 2 August 2018, 10:47 AM

The objections of suspended SARS Commissioner, Tom Moyane against his disciplinary hearing have all been dismissed by the chairperson of the inquiry, Azar Bham.

China-backed trade pact could be signed by year-end: Singapore PM 2 August 2018, 5:47 AM

Singapore's prime minister said on Thursday he hoped to complete by the end of the year a massive China-backed regional trade pact that has taken centre stage as Washington embarks on a unilateral, protectionist agenda.

That national carrier is back under the control of Public Enterprises
SAA moved back to Department of Public Enterprises 1 August 2018, 9:31 PM

South African Airways (SAA) has been moved back to the Department of Public Enterprises under Minister Pravin Gordhan

Adv Ngukaitobi argues that there was collusion
‘Banks colluded in fixing the rand-dollar exchange rate’ 1 August 2018, 8:47 PM

The Competition Commission's legal representative in the Banks Forex matter, Advocate Tembeka Ngcukaitobi, says the banks colluded to fixing the rand-dollar exchange rate by means of a specially created chatroom on the Bloomberg terminal.

Enoch Godongwana speaks on the stimulus package announced by the President
‘Stimulus package is a response to unemployment’ 1 August 2018, 3:16 PM

The chairperson of the ANC Subcommittee on Economic Transformation, Enoch Godongwana says the introduction of stimulus package announced that President Cyril Ramaphosa on Tuesday night is a direct response to rocketing unemployment.

Fuel increases prompt taxi fare hikes 1 August 2018, 10:10 AM

Taxi fares are going up across the country with effect from Wednesday.