Sasol says ready to the meet government’s new fuel specifications but only in 2030

22 September 2021, 8:03 PM
Petrochemical giant Sasol says it's ready to meet government's new fuel specifications but only in 2030.
Steinhoff faces liquidation court challenge 9 September 2021, 4:28 PM

Steinhoff is facing a liquidation challenge in the Western Cape High Court which has been brought forward by the former owners of shoe retailer, Tekkie Town.

Thulas Nxesi
Labour department to intervene in ANC salary saga if approached: Minister 9 September 2021, 7:26 AM

Employment and Labour Minister Thulas Nxesi, says his department will intervene should staff at the ANC headquarters at Luthuli House in Johannesburg, approach it for assistance.

‘Implementing structural reforms is the only way to address unemployment’ 9 September 2021, 7:05 AM

South African Reserve Bank Governor Lesetja Kganyago says the easiest way to destroy price stability in South Africa is by insisting on lowering interest rates because of unemployment.

Worries over economic recovery shake world stocks, dollar pares gains 8 September 2021, 11:42 PM

Wall Street sank and European stocks suffered their worst one-day rout in three weeks on Wednesday on uncertainty over the pace of economic recovery, as the dollar pared gains following dovish remarks from a Federal Reserve official.

Finance minister expects a decline in GDP as result of recent looting and violence 8 September 2021, 8:11 PM

Finance Minister Enoch Godongwana says while it is too early to accurately determine the short and medium-term economic impact of the recent violence in KwaZulu-Natal and Gauteng, the country is likely to see a reduction in the Gross Domestic Product.

Lowering inflation target point could benefit SA’s economy: Kganyago 8 September 2021, 6:42 PM

Reserve Bank Governor Lesetja Kganyago says lowering the inflation target point could benefit the country's economy by keeping interest rates low.  

COVID-19 pandemic one of the biggest risk factors to business and consumers: Survey 8 September 2021, 5:13 PM

A new survey released by insurance group Santam indicates the struggling economy, political unrest, cybercrime and the COVID- 19 pandemic are now the biggest risk factors to business and consumers.

Prasa concerned about ongoing vandalism of its rail infrastructure 8 September 2021, 3:26 PM

Senior management of the Passenger Rail Agency of South Africa (Prasa) says it is concerned about the ongoing vandalism of its infrastructure.

Viceroy stands by Capitec report despite fine from FCSA 8 September 2021, 2:47 PM

The Viceroy Research Company says it stands by its report on Capitec Bank's alleged reckless lending. Viceroy's partner Fraser Perring told SABC News that the company will appeal the Financial Sector Conduct Authority's(FCSA) fine and will approach the courts. The FCSA has fined Viceroy Research an administrative fine of R50-million.

Sasria insurance in talks with National Treasury for a larger bailout 8 September 2021, 2:00 PM

South Africa's state-owned insurance company Sasria is in talks with the National Treasury for a larger bailout than the R3.9 billion already promised, its managing director told a parliamentary committee on Wednesday.

Saftu calls on President Ramaphosa to step down following recent GDP figures 8 September 2021, 8:09 AM

South African Federation of Trade Unions (SAFTU) has called on President Cyril Ramaphosa to immediately step down following the latest Gross Domestic Product (GDP) figures.

S&P 500, world equity index retreat as economic worries weigh 7 September 2021, 11:34 PM

US shares were mixed and global equities retreated from record highs on Tuesday as investors balanced mounting worries over the slowing pace of economic recovery and hopes the Federal Reserve will delay tapering its bond purchases.

South Africa’s economy grew by 1.2% in Q2:2021 7 September 2021, 4:02 PM

Statistics South Africa has released the GDP figure for the second quarter, which shows economic growth of 1.2% quarter-on-quarter and 19.3% year-on-year, compared with minus 2.6% year-on-year in the first quarter.

El Salvador becomes the first country to use Bitcoin as currency 7 September 2021, 11:02 AM

El Salvador has become the first country in the world to adopt Bitcoin as legal tender.

World shares at record high for eighth straight session 7 September 2021, 4:52 AM

Global stocks inched higher on Tuesday to a record high for the eight straight session as investors wagered the US Federal Reserve is likely to delay the start of tapering its asset purchases after the soft US jobs data.

Citrus industry expected to break the export record 6 September 2021, 9:45 PM

The South African agricultural sector is anticipating a record year for exports. The citrus industry is expected to break the export record it achieved last year, in spite of logistical challenges.

NUMSA threatens employers in the steel industry with strike action 6 September 2021, 9:01 PM

The National Union of Metalworkers of South Africa (NUMSA) has given employers in the steel industry until next week to reach a wage settlement with the union or face a crippling strike action. Wage negotiations in the sector collapsed last month and there's still no resolution in sight.

Case against Gupta associate Iqbal Sharma postponed to October 6 September 2021, 5:00 PM

The case against former Transnet Board Member and Gupta family business associate Iqbal Sharma and co accused has been postponed in the Bloemfontein Regional court.

Germany’s auto show tries for more climate friendly image 6 September 2021, 3:32 AM

Germany's biggest motor show, taking place in Munich this week, is no longer just about cars.

Estina dairy farm beneficiaries tired empty promises 5 September 2021, 9:54 PM

The intended beneficiaries of the Estina Vrede dairy farm say they are no longer interested in the Free State government's empty promises. It's been nine years since the project came into existence.

More than 25 000 hectares of agriculture destroyed due to veld fires in the Free State 5 September 2021, 6:07 PM

Raging veld fires in Ventersburg, Virginia, and some parts of Winburg and Bloemfontein have gutted about 40 farms. More than 25 000 hectares of agricultural land have been destroyed.

New law will make Nigeria’s petroleum industry attractive to investors 5 September 2021, 10:12 AM

Nigeria’s journey to the Petroleum Industry Act started in 2000 under President Olusegun Obasanjo, who inaugurated an oil and gas sector reform implementation committee. The committee’s report formed the basis of the first Petroleum Industry Bill eight years later.

Labour Department warns of court cases ahead of mandatory vaccination policies by companies 5 September 2021, 9:43 AM

The Labour Department has warned of several court cases as some companies plan to introduce mandatory vaccination policies.

Kabul’s largest currency exchange market reopens after Taliban takeover 5 September 2021, 8:03 AM

The largest currency exchange market in the Afghan capital of Kabul reopened on Saturday after closing for nearly three weeks since the Taliban takeover.

City of Cape Town rejects claims that electricity and water tariffs are unfairly high 4 September 2021, 5:15 PM

The City of Cape Town has rejected claims by some residents that their water and electricity tariffs are unfairly high.

Ride hailing company Didi denies reports that Beijing city is coordinating companies to invest in it 4 September 2021, 9:02 AM

China's ride-hailing giant Didi Global Inc said on Saturday that media reports that the Beijing city government is coordinating companies to invest in it are not correct.

Global stock benchmark at new high, dollar slips 4 September 2021, 1:39 AM

Big tech shares edged higher on Friday, helping a benchmark world stock index post a sixth consecutive closing high, after a weak US jobs report likely pushed back the timetable for when the Federal Reserve reduces its massive support of the economy.

Soweto Action Committee calls on Eskom to scrap all debt 4 September 2021, 12:15 AM

The Soweto Action Committee says Eskom's decision to write off some of the township's electricity debt is nothing to celebrate.

Soweto Electricity Crisis Committee wants Eskom to write-off entire debt 3 September 2021, 6:05 PM

The Soweto Electricity Crisis Committee says it wants Eskom to write off its entire 16 billion Rand electricity bill that residents owe to the state-owned power utility

US grounds Virgin Galactic flights pending mishap probe 3 September 2021, 9:01 AM

The US Federal Aviation Administration has barred Virgin Galactic from flying its SpaceShipTwo until the agency approves its final mishap investigation report from its July flight or determines the issues do not affect public safety.