Eskom aims to finish work at Kusile Power Station by May 2022

22 June 2021, 7:24 PM
Only one unit out of six at the Kusile Power Station which is under construction in Mpumalanga is online and contributing to the national grid. Eskom management briefed members of the Portfolio Committee on Public Enterprises who conducted an oversight visit at the power station.
LVMH watch, jewellery sales up more than 10 pct in 2017 – Hublot CEO 14 January 2018, 9:37 PM

Luxury goods group LVMH’s watch and jewellery sales rose more than 10 percent last year, the head of the group’s Hublot brand said on Sunday. “For Hublot, sales were up 12 percent in 2017. The rise was more than 10 percent for the watch and jewellery business as a whole,” Hublot Chief Executive Ricardo Guadalupe […]

Bitcoin fever hits US real estate market 14 January 2018, 7:30 AM

Bitcoin fever has hit the US real estate market, especially that of Florida, offering foreign investors a way to dodge currency controls at home and US economic sanctions.

EFF calls on malls, shopping centres to evict H&M 13 January 2018, 3:03 PM

Economic Freedom Fighters in Tshwane is calling on malls and shopping centres to evict clothing store, H&M from their premises. EFF members stormed the H&M store in Menlyn, east of Pretoria, protesting over offensive inscriptions on clothes. Inscriptions include “Coolest monkey in the jungle” on clothes modeled by a black boy and “Survival Expert on […]

Business booms for East London’s small businesses 13 January 2018, 2:01 PM

The newly-elected African National Congress leadership received a warm welcome in East London during the party's 106 birthday celebrations.

H&M stores stormed in Gauteng 13 January 2018, 1:21 PM

Economic Freedom Fighters members have reportedly stormed shops of retail store H&M in Pretoria and Johannesburg.

Business booms for vendors at ANC celebrations 13 January 2018, 11:20 AM

With the summer weather upon us and the high humidity expected at a coastal town, summer items like flip flops, tshirts and caps have been flying off the shelves ahead of the ANC 106 celebrations in East London.

AgriSA concern over farm killings 12 January 2018, 3:32 PM

The South African Agricultural Industry (AgriSA) says they are concerned about the brutality and violence on farmers.

SA investors to join Dutch class action against Steinhoff 12 January 2018, 3:09 PM

A group of South African investors want to join a Dutch class action suit against Steinhoff.

Part of IRBA investigation into KPMG scandal almost complete 12 January 2018, 2:23 PM

The Independent Regulatory Board for Auditors (IRBA) said on Friday that one of the lines of investigation into embattled audit firm KPMG was nearing completion and would be tabled at the upcoming investigating committee, while others are progressing satisfactorily.

Official fired for wrongfully influencing tender allocations 12 January 2018, 8:00 AM

The City of Johannesburg has terminated the contract of a senior official, responsible for trade and investment projects. 

SAA, Angolan Airways sign off code sharing scheme deal 11 January 2018, 9:42 PM

South African Airways (SAA) says a code sharing scheme between itself and Angolan Airways will provide reduced operation costs for the two airlines and more flights for passengers

De Lille pushes for drought levy amidst uncertain future 11 January 2018, 8:24 PM

Cape Town Mayor Patricia de Lille has once again stated the importance of imposing a drought levy in the Western Cape. De Lille has called on council to approve the levy which will affect more than 460 000 households in the midst of the worst drought in the province in decades. In a lengthy statement […]

Western Cape reports growth in tourism 11 January 2018, 4:11 PM

Early reports on the December 2017 peak tourism month shows high growth figures in international arrivals, as well as an increase in visitors across the Western Cape.

Youth in business call for implementation of economic transformation 11 January 2018, 10:56 AM

The Progressive Youth in Business in the Eastern Cape has called on Finance Minister, Malusi Gigaba to fast-track the implementation of Radical Economic Transformation.

Ramaphosa to lead SA delegation to WEF 11 January 2018, 6:25 AM

Newly elected president of the ANC and South Africa’s Deputy President Cyril Ramaphosa will lead the South African delegation to the 48th World Economic Forum (WEF) annual meeting that will take place in Davos-Klosters, Switzerland, later in January.

Canada takes United States to WTO in complaint over trade remedies 10 January 2018, 6:39 PM

Canada has launched a wide-ranging trade dispute against the United States, challenging Washington’s use of anti-dumping and anti-subsidy duties, Canada said in WTO filing dated Dec. 20 and published on Wednesday. Canada appeared to be mounting a case on behalf of the rest of the world, since it cited almost 200 examples of alleged U.S. […]

ANC’s January 8 statement to boost East London’s economy 10 January 2018, 3:23 PM

The African National Congress' (ANC) January 8 statement due to be delivered over the weekend is set to be a major boost for the business community in East London.

Numsa rejects proposed changes to right to strike laws 10 January 2018, 8:27 AM

The National Union of Metalworkers of South Africa said on Tuesday it rejected proposed changes to the country's labour laws which it says would limit the right to strike.

Eskom’s finances worsen 9 January 2018, 9:39 PM

Eskom says its finances have deteriorated further to a point where it now describes its situation as dire

H&M apologises for monkey hoodie ad slammed as racist 9 January 2018, 2:20 PM

Fashion group H&M apologised on Tuesday for an advertisement featuring a black child modelling a sweatshirt with the slogan "coolest monkey in the jungle" and said it had removed it from all its marketing.

Mashaba in talks with NPA over businesses defrauding the city 9 January 2018, 9:17 AM

Johannesburg Mayor Herman Mashaba says he is talking to the National Prosecuting Authority (ANA) to ensure that those involved in defrauding the city are brought to book.

Drought crippling agricultural sector: Agri Western Cape 9 January 2018, 6:54 AM

Farmers' organisation Agri Western Cape says the drought-stricken agricultural sector in the province could take up to 10 years to recover.

Premier, stakeholders set to tackle Emfuleni water crisis 9 January 2018, 6:17 AM

Gauteng Premier David Makhura and officials from the Water Department and Rand Water are set to meet with the Emfuleni Local Municipality on Tuesday to try and resolve its water crisis.

SA celebrates 20 years of diplomatic ties with China 8 January 2018, 7:38 PM

South African President Jacob Zuma on Monday expressed his well wishes on the occasion of 20 years of diplomatic relations with China, saying that these relations should be further reinforced and more opportunities explored to create a win-win cooperation for both Republics. 

Brand SA cheers country’s improvement in 2017 economic freedom index 8 January 2018, 3:35 PM

Brand South Africa on Monday applauded South Africa’s improvement in the 2017 index of economic freedom, saying this reflected the country’s strong institutions and an independent legal system. The index, released by the Heritage Foundation, placed South Africa 81st out of 180 countries, with an overall economic freedom score of 62.3, up 0.4 points from […]

City of Johannesburg to run citywide revenue collection blitz 8 January 2018, 7:52 AM

Johannesburg Mayor Herman Mashaba will on Monday take part in a citywide revenue collection blitz to collect just under R1 billion in arrears amounts from over 2000 businesses which have failed to pay for city services, the city said. Mashaba would be joined by the Johannesburg Metro Police Department’s newly appointed chief David Tembe, head […]

SAA cancels flights between New York and Johannesburg 7 January 2018, 5:48 PM

South African Airways have cancelled flights between New York and Johannesburg due to the effects of bad weather. A storm that has hit the US has caused congestion at the JFK airport.

JB Marks Municipality to request extra funding for amalgamation process 7 January 2018, 9:58 AM

The newly established JB Marks municipality in North West comprising of former Ventersdorp and Tlokwe municipalities, says the funds for the process of amalgamation has dried up and the municipality intends requesting additional funding.

Numsa calls for scrapping of SOE Boards 6 January 2018, 8:27 PM

Numsa has called on government to scrap the Boards of all state-owned entities (SOE).

Numsa calls for government to scrap-off SOE boards 6 January 2018, 11:16 AM

The National Union of Metalworkers of South Africa (Numsa) has called on government to scrap the Boards of all state-owned entities.