Amazon to hold Prime Day event on October 13-14

28 September 2020, 9:31 PM Inc said on Monday it would hold its annual shopping event, Prime Day, on Oct. 13 and 14 as the e-commerce giant aims for an early kickstart to the holiday season.
No load shedding expected over the weekend 18 September 2020, 7:04 PM

Eskom says there will be no load shedding over the weekend. The power utility, however, warns that the power grid remains unreliable and vulnerable.

Cosatu urges Ramaphosa to make SIU COVID-19 graft report public 18 September 2020, 4:50 PM

Congress of South African Trade Unions (Cosatu) is calling on President Cyril Ramaphosa to make public the Special Investigation Unit (SIU) report on coronavirus (COVID-19) related corruption.

SAA confirms receiving letter making commitment to provide R10.5-bln bailout 18 September 2020, 12:15 PM

South African Airways (SAA) Business Rescue Practitioners have confirmed receiving a letter from the Public Enterprises Department and Treasury making a commitment to provide the R10.5-billion funding needed to restructure the airline.

SAA administrators call a creditors’ meeting 18 September 2020, 11:04 AM

Administrators at struggling South African Airways (SAA) have called a creditors' meeting which will start shortly after the government missed a deadline to make funding available for the airline's restructuring plan.

Public Enterprises calls for patience from SAA workers 18 September 2020, 7:12 AM

The Department of Public Enterprises has called for patience from all South African Airways (SAA) workers, unions and creditors over funding.

Economists disappointed by unchanged repo rate 18 September 2020, 6:05 AM

Some economists say the low inflation outlook presented the South African Reserve Bank (SARB) with an opportunity for further monetary easing.

Unions to picket outside SAA headquarters on Friday 17 September 2020, 9:00 PM

The National Union of Metal Workers and the Cabin Crew Association have announced they will be picketing outside SAA headquarters on Friday to demand funding for the airline be made available.

SAA faces possible liquidation if stakeholders don’t reach an agreement 17 September 2020, 6:20 PM

Embattled national carrier South African Airways (SAA)  faces possible liquidation if creditors and government do not reach an agreement over funding for the implementation of the Business Rescue Plan.

Reserve Bank keeps repo rate unchanged at 3.5% 17 September 2020, 4:20 PM

The Reserve Bank has decided to keep the repo rate unchanged at 3.5%, meaning that the prime lending rate remains at 7%. Kganyago has cited volatile global economic and financial conditions as reasons for the decision.

VIDEO: The Reserve Bank governor announces the repo rate 17 September 2020, 3:05 PM

The South African Reserve Bank (SARB) Governor is announcing a Monetary Policy Committee (MPC) decision about the repo rate.

Monetary Policy Committee to announce interest rate decision 17 September 2020, 7:31 AM

As the South African Reserve Bank's Monetary Policy Committee (MPC) prepares to make a rate decision on Thursday afternoon, President Cyril Ramaphosa says many South Africans have benefited from the current low interest rate environment.

Bank of England gears up for next stimulus push 17 September 2020, 5:31 AM

The Bank of England is expected to signal on Thursday that it is getting ready to pump yet more stimulus into Britain’s economy as it heads for a jump in unemployment and a possible Brexit shock.

BOJ holds fire, offers brighter view of economy as pandemic impact eases 17 September 2020, 5:16 AM

The Bank of Japan (BOJ) kept monetary policy steady on Thursday and offered a slightly more upbeat view of the economy than in July, suggesting that no immediate expansion of stimulus was needed to combat the coronavirus pandemic.

Prasa has lost over R1 billion to theft and vandalism the past three-years 16 September 2020, 6:42 PM

Railway agency PRASA has lost more than R1 billion over the past three years due to theft and vandalism of infrastructure.

Postbank expects decline in finances for at least two years 16 September 2020, 4:10 PM

The Postbank expects a decline in its finances for at least the next two years.

VIDEO: Solidarity Fund media briefing on its activities in the fight against COVID-19 16 September 2020, 11:40 AM

Gloria Serobe, Chairperson of the Solidarity Fund, gives an update on the Fund’s activities with regards to donations, disbursements, projects, and availability of reports. The Solidarity Fund was set up to support South Africa’s response to, and fight against COVID-19.

SA Express employees to bid for airliner 16 September 2020, 9:00 AM

SA Express employees are bidding to buy the state-owned airline in an attempt to save jobs and to prevent the carrier's final liquidation.

N West Portfolio committee given 48 hours to respond on Denel debacle 16 September 2020, 6:34 AM

The North West Portfolio Committee on Premier, Finance and COGTA has given the Office of the Premier 48 hours to provide it with a clear report on the Denel debacle.

Potential investors pullout of Mpumalanga Special Economic Zone project 16 September 2020, 6:08 AM

Five potential investors have pulled out from the Mpumalanga Special Economic Zone project to be established in the Nkomazi local Municipality.

China suspends poultry imports from second US plant over COVID-19, industry group says 16 September 2020, 4:37 AM

China has suspended imports from an OK Foods poultry plant in Fort Smith, Arkansas, because of coronavirus cases among workers, the USA Poultry & Egg Export Council said on Tuesday.

Oil rises over 2% as US Gulf Coast braces for hurricane 16 September 2020, 12:19 AM

Oil prices rose more than 2% on Tuesday, supported by hurricane supply disruptions in the United States, but demand concerns loomed as energy industry forecasters predicted a slower-than-expected recovery from the pandemic.

Harmony Gold plans SA cultural site protocols after Rio outcry 15 September 2020, 9:12 PM

Harmony Gold Mining Co Ltd on Tuesday said it would establish protocols on cultural sites in South Africa as the fallout from Rio Tinto’s destruction of Aboriginal rockshelters in Australia ripples across the sector.

Draft Tourism Recovery Plan developed 15 September 2020, 8:21 PM

The Department of Tourism says it has developed a comprehensive draft Tourism Recovery Plan as part of returning the sector back to business which was adversely affected by the COVID-19 lockdown.

Foschini Group sees H1 profit falling 20%, shares down 15 September 2020, 7:49 PM

South Africa’s TFG expects its half-year profit to fall by 20% as sales declined due to store closures during COVID-19 lockdown restrictions, the retailer said on Tuesday as its shares were down more than 5%.

Gupta associate offered me R800 mil to reinstate Koko as acting Eskom CEO: Daniels 15 September 2020, 7:37 PM

Eskom's former company Secretary and Legal Head Suzanne Daniels has also told the State Capture Commission that she was offered R800 million by Gupta associate, Salim Essa, to reinstate Matshela Koko as the power utility's acting CEO.

Private sector participation needed for a jobs-led economic recovery: Dr Jammine 15 September 2020, 2:39 PM

Chief Economist at Economentrix Dr Azar Jammine says government will need increased private sector participation to achieve a jobs-led economic recovery.

LIVE| State Capture Inquiry, Part 2 15 September 2020, 2:15 PM

The Commission of Inquiry into allegations of State Capture continues to hear Eskom-related testimony on Tuesday afternoon, from former Eskom company secretary and head of legal Suzanne Daniels. Earlier, Daniels testified how the Eskom board under former chair Ben Ngubane met and adopted a resolution to stop dealings with certain media houses.

Fuel price expected to drop in October 15 September 2020, 12:52 PM

The price of petrol and diesel are expected to come down significantly next month.

LIVE: State Capture Inquiry 15 September 2020, 10:00 AM

Former Eskom company secretary and head of legal Suzanne Daniels will on Monday testify before the Commission of Inquiry into State Capture in Johannesburg.

Former Eskom legal head to testify before State Capture Inquiry 15 September 2020, 9:31 AM

Former Eskom company secretary and head of legal Suzanne Daniels is on Tuesday expected to testify before the Commission of Inquiry into State Capture in Johannesburg.