Minister Patel to investigate workers allegations against Clover: Vavi

16 January 2022, 8:06 PM
South African Federation of Trade Unions' Secretary General Zwelinzima Vavi says he's happy that Trade, Industry and Competition Minister Ebrahim Patel has agreed to investigate workers allegations against dairy producer, Clover
Bitcoin jolted by regulation worries, falls 7% 17 January 2018, 7:59 AM

Bitcoin extended its sharp tumble of the past 24 hours, skidding more than 7% on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. The price of the world’s biggest and best-known crypto currency fell to […]

SAA cancels flights to Mauritius on cyclone fears 17 January 2018, 6:48 AM

South African Airways has cancelled flights between Johannesburg and Mauritius from Monday because of Cyclone Berguitta.

The Gupta brothers Ajay, Atul and Rajesh relocated to South Africa from India in 1993.
Hawks wait for NPA directive on Guptas 16 January 2018, 9:55 PM

The Hawks have denied claims that the Gupta brother’s arrests are imminent.

Mining sector steadily coming out of stagnation 16 January 2018, 6:38 PM

The mining sector is slowly but surely recovering out of the doldrums.Mining production output increased by 6.5 % year on year in November 2017.

All eyes on Reserve Bank Monetary Policy Committee 16 January 2018, 3:27 PM

All eyes are on the Monetary Policy Committee of the Reserve Bank as it meets this week amid calls that the bank cut rates to stimulate economic growth.

Shoprite interim turnover up by 6.3 % 16 January 2018, 12:40 PM

Retail group Shoprite said on Tuesday its turnover increased by 6.3% for the six months to December 2017, compared to 14% previously, with operations outside South Africa declining.

School uniform pricing probe results imminent 16 January 2018, 11:27 AM

The results of an investigation launched in 2017 by the Competition Commission about the high prices of school uniforms will be released soon.

Rand weaker ahead of rates decision 16 January 2018, 9:11 AM

South Africa's rand continued to trade sideways on Tuesday, inching weaker against the dollar with investors looking to hold positions ahead of a local interest rate decision later this week.

Outa welcomes ‘summons’ on Gupta linked companies 16 January 2018, 8:29 AM

The Organisation Undoing Tax Abuse (Outa) says they're elated following news reports that the Asset Forfeiture Unit is expected to serve summons on Tuesday on Gupta linked Trillian and consultancy firm, McKinsey for deals they had with Eskom and Transnet.

Deadline looms for submissions in Ntsebeza Commission 16 January 2018, 5:42 AM

The Ntsebeza Commission set up by the Institute of Chartered Accountants will close submissions in three days.

Transport union to consult on Transnet wage offer 15 January 2018, 8:33 PM

UNTU said on Monday that it will be consulting its members about the latest and "absolute final" wage offer tabled by South African freight and logistics group, Transnet.

Communications minister downplays SABC COO appointment rumours 15 January 2018, 4:50 PM

Communications minister Mmamoloko Kubayi-Ngubane says she is not aware of any appointment of a new COO for the SABC.

Steinhoff drops Springboks sponsorship 15 January 2018, 12:48 PM

Embattled South African international retail holding company, Steinhoff International, has withdrawn its sponsorship of the Springbok Men's and Women's, and SA Rugby Sevens Academy teams.

Carrim hits out at Maynier over Steinhoff accusations 15 January 2018, 6:59 AM

The Chairperson of the Standing Committee on Finance, Yunus Carrim has hit back at the DA Member of Parliament David Maynier for what he calls "political posturing."

Oil near three-year highs 15 January 2018, 6:19 AM

Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America. Brent crude futures LCOc1, the international benchmark for oil prices, were at $69.89 per barrel at 0308 […]

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.