Trade union federation Cosatu has slammed Telkom’s plans to cut 300 jobs and outsource another 254 staff. On Friday, Telkom confirmed that a section 189 process – which deals
Author: Agency Staff
Energy regulator Nersa approved a 9,4% electricity hike for 2016/2017 on Tuesday. Eskom submitted an application to Nersa in November last year to recover R22,8bn, which the utility said it used to avert load shedding. The decision comes after extensive
The MD of channels at e.tv, Monde Twala, is leaving the free-to-air commercial broadcaster in the latest of a string of high-level executive changes. Twala is expected to exit the company in April. Just over a week
Last year was a particularly bad one for South African millionaires, according to the latest South Africa 2016 Wealth Report by New World Wealth. The number of these so-called high net worth individuals declined by 18% during 2015 – from 46 800 at the end of 2014
Standard Bank Research said the “rand sacrificed most of the gains it had made since the end of January”, which analysts on Monday said was due to a boiling point in politics involving President Jacob Zuma and finance minister Pravin Gordhan
Although nothing was said directly in the 2016 budget about the privatisation of state-owned enterprises, “something is coming”, according to economist JP Landman. At the same time, he said common sense seems to indicate that
Finance minister Pravin Gordhan said on Friday there is a group of people that are not interested in South Africa’s economic stability and who seemingly want to disrupt institutions and destroy reputations. In a day of high drama, in which it
If you hear Koeberg nuclear power station’s sirens going off on 5 March, there is no need to race to the Huguenot tunnel to shelter from the fallout – it is just a test. The station, on the coast north of Cape Town, will test its public warning system as part of its
Finance minister Pravin Gordhan threatened to resign ahead of his crucial budget address over an alleged clash with South African Revenue Service commissioner Tom Moyane and ultimately a “proxy war” with President Jacob Zuma, reports said on Friday
Energy regulator Nersa has postponed its announcement on the Eskom tariff hike decision until Tuesday, following finance minister Pravin Gordhan’s swipe at the power utility on Wednesday. Gordhan said at his press briefing ahead of his