‘Cable theft, damage pose serious challenge to electricity supply’

12 May 2021, 9:30 PM
The theft of cables and damage to installations continue to pose a serious challenge to the supply of electricity.
Metrobus strike set to leave 30 000 commuters stranded Monday morning 10 May 2021, 6:02 AM

Metrobus drivers are set to go on strike on Monday morning in a move that is likely to leave about 30 000 commuters stranded.

SpaceX accepts dogecoin as payment to launch a lunar mission next year 10 May 2021, 12:19 AM

SpaceX will launch the “DOGE-1 Mission to the Moon” in the first quarter of next year, with Elon Musk’s commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment.

Metrobus strike planned for Monday 9 May 2021, 3:02 PM

A Metrobus strike is on the cards for Monday, a move that will affect thousands of Johannesburg commuters.

Involvement of senior govt officials in mining in North West believed to be cause of lack of transparency 9 May 2021, 10:55 AM

The involvement of senior government officials in mining interests in the North West is believed to be a driving force behind the lack of transparency and accountability to communities in mining areas.

Infrastructure development for Musina-Makhado Special Economic Zone set to start 9 May 2021, 10:39 AM

The Musina-Makhado Special Economic Zone in Limpopo has indicated that the infrastructure development is expected to commence this financial year.

Cyber attack shuts down US fuel pipeline ‘jugular:’ Biden briefed 9 May 2021, 2:56 AM

Top US fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the US East Coast's fuel supply, after a cyber attack on Friday that involved ransomware.

EU and India agree to resume trade talks at virtual summit 8 May 2021, 7:02 PM

The European Union and India agreed to resume stalled free-trade negotiations and seek closer cooperation to combat climate change at a virtual summit on Saturday, as concerns about China bring Brussels and New Delhi closer.

Rating agency Moody’s skips scheduled review of South Africa 8 May 2021, 12:23 PM

Credit Rating agency Moody's has skipped a scheduled review of South Africa’s sovereign rating.

Eskom places senior procurement manager on suspension 7 May 2021, 9:24 PM

Eskom has placed a senior procurement manager on preliminary suspension following evidence of alleged corruption.

Economic Wrap: Fuel price drop and Makate’s fight with Vodacom over ‘Please call me’ 7 May 2021, 5:25 PM

This week, motorists are paying less at the pumps after the Energy Department's announcement that the price of all grades of petrol decreased by 9c a litre.

SABC to comply with court’s order to reinstate Palesa Chubisi 7 May 2021, 4:07 PM

The South African Broadcasting Corporation (SABC) says it intends to comply with a court order that TV news presenter Palesa Chubisi be properly consulted before she is retrenched

US job growth far below expectations in April amid labour shortages 7 May 2021, 3:06 PM

US employers hired far fewer workers than expected in April, likely frustrated by labour shortages, leaving them scrambling to met booming demand as the economy reopens amid rapidly improving public health and massive financial help from the government.

Dollar on back foot ahead of US jobs data 7 May 2021, 4:52 AM

The dollar stayed under modest pressure on Friday ahead of a key US jobs report that could cement expectations of a strong economic recovery and fan investor appetite for stocks, higher-yielding currencies and commodities.

Eskom wage negotiations nearing collapse as unions walk out 6 May 2021, 9:46 PM

The crucial Eskom wage negotiations are teetering on the brink of collapse.

Agrizzi planned to destroy Bosasa for personal gain: Wakeford 6 May 2021, 9:39 PM

Former Armscor CEO, Kevin Wakeford, has told the Commission of Inquiry into State Capture, that Angelo Agrizzi planned to destroy Bosasa and take its business for his personal gain. He was giving evidence before Commission Chairperson, Deputy Chief Justice Raymond Zondo.

US weekly jobless claims drop below 500 000; layoffs lowest since 2000 6 May 2021, 5:50 PM

The number of Americans filing new claims for unemployment benefits fell below 500 000 last week for the first since the COVID-19 pandemic started more than a year ago, signaling the labor market recovery had entered a new phase amid a booming economy.

VIDEO: State Capture Inquiry | Bosasa-related testimony, Part 2 6 May 2021, 2:30 PM

The State Capture Commission continues to hear Bosasa-related evidence from a businessman,  Kevin Wakeford.

Qatar’s finance minister arrested on alleged embezzlement: Statement 6 May 2021, 1:56 PM

Qatar's Finance Minister Ali Sherif al-Emadi was arrested for questioning over allegations of embezzlement, abuse of power and crimes related to the public sector, a statement carried by state news agency QNA said on Thursday.

World food price index climbs in April, highest since mid-2014: FAO 6 May 2021, 11:37 AM

World food prices increased for an 11th consecutive month in April, hitting the highest level since May 2014, with sugar leading the rise in all the main indices, the United Nations Food Agency said on Thursday. 

VIDEO: State Capture Inquiry | BOSASA-related evidence 6 May 2021, 9:40 AM

The State Capture Commission continues to hear Bosasa related evidence from a businessman,  Kevin Wakeford.

(Update) V&A Waterfront R3.9 billion expansion project approved 6 May 2021, 8:05 AM

City of Cape Town Mayor Dan Plato, has approved the R4-billion expansion project of the V&A Waterfront. The project is set to create over 1000 jobs during the first phase of construction.

Stocks mostly rise but Nasdaq falls; dollar backs off 2-week high 6 May 2021, 2:21 AM

Stock indexes mostly rose globally on Wednesday, although the Nasdaq ended lower for the second day, while the US dollar eased off its highest in more than two weeks.

Government expenditure still way above revenue collection: Masondo 5 May 2021, 4:03 PM

Deputy Finance Minister David Masondo says although the South African Revenue Service (SARS) has collected R38 billion more than what was estimated, government's expenditure is still way above revenue collection.

Video | State Capture Inquiry: Bosasa-related evidence 5 May 2021, 10:39 AM

The State Capture commission hears Bosasa related evidence from businessman and former CEO of Armscor Kevin Wakeford.

State Capture Commission to hear Bosasa-related evidence from former Armscor CEO 5 May 2021, 10:16 AM

The Commission of Inquiry into State Capture will hear BOSASA-related evidence from businessman and former Armscor CEO, Kevin Wakeford, on Wednesday.

Shares fall as Nasdaq tumbles, dollar edges higher 4 May 2021, 10:47 PM

World equity indexes slid and US Treasury yields fell on Tuesday as low trading volume, a lull in economic news and lack of a catalyst to lift stocks higher sparked a sell-off by investors worried further upside in markets is limited.

Vodacom remains willing to pay ‘Please Call Me’ inventor 4 May 2021, 7:21 PM

Vodacom says it remains willing to pay 'Please Call Me' inventor Nkosana Makate a substantial amount as it entered into negotiations and negotiated with him in good faith, in accordance with an order of the Constitutional Court.

Union says Eskom can afford 15% wage increase 4 May 2021, 5:45 PM

The National Union of Mineworkers says it believes Eskom will be able to afford the 15% wage increase currently being demanded by employees.

COSATU hopeful government will renegotiate wage offer with public sector unions 4 May 2021, 5:13 PM

Labour federation, COSATU, says it is hopeful that government will renegotiate a wage offer with public sector unions.

Lily Mine case will be heard virtually on Thursday 4 May 2021, 2:54 PM

The case involving the owners of Lily Mine, Vantage Goldfields, business rescue practitioners and potential investors Arqomanzi will be heard virtually at the Mpumalanga High Court on Thursday.