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.
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Mine workers
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.

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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
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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.

Rand continues to weaken against major currencies 13 August 2018, 6:50 AM

Emerging market currencies suffered a renewed bout of selling on Monday while Asian shares were a sea of red amid a deepening crisis for Turkey's lira, which plunged to all-time lows on concerns over a rift with the United States.

Mining operations
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Israel wants to re-tender the Dead Sea mining concession as much as eight years ahead of schedule, in 2022. It is motivated not only by environmental concerns, but also by worries ICL will hold off on new investments in the concession’s final years.

Public urged to submit comments on National Treasury report 12 August 2018, 11:56 AM

Government has encouraged members of the public to submit comments on the recently released National Treasury report.

Transport Amendment Bill hearings wrap up in W Cape 12 August 2018, 9:16 AM

Public hearings to discuss the National Land Transport Amendment Bill in the Western Cape have been concluded.

Growing calls for more VAT zero rating items 12 August 2018, 9:03 AM

Calls are continuing for more items to be included on the list of recommended additions for VAT zero rating

Elon Musk
Lawsuits accuse Tesla’s Musk of fraud over tweets, going-private proposal 11 August 2018, 3:27 PM

Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company private.

SACP calls on govt to revoke Impala’s mining licence 11 August 2018, 12:47 PM

The South African Communist Party in the North West is calling on government to revoke the licences of mining companies that retrench their workers.

Ethiopian Airlines front-runner in tender for planned Nigerian airline: CEO 11 August 2018, 10:45 AM

Ethiopian Airlines is the front-runner to set up and manage a new national carrier for Nigeria, its chief executive said on Friday.

The sinkhole in the road
Tshwane sinkhole cost government R5mln 10 August 2018, 8:23 PM

A sink-hole which forced a road closure in Tshwane 15 months ago has been repaired at a cost of R5 million.

Aliko Dangote
Billionaire’s huge Nigerian oil refinery likely delayed until 2022: sources 10 August 2018, 7:54 PM

A huge oil refinery being built in Nigeria by Africa’s richest man is unlikely to start production until 2022, two years later than the target date, sources with direct knowledge of the matter said.