The funds that invest money with the Public Investment Corp (PIC) lost more than R100bn when President Jacob Zuma fired former finance minister Nhlanhla Nene on 9 December 2015, said Daniel Matjila, CEO of the organisation
Author: Agency Staff
Moody’s Investors Service has affirmed Eskom’s credit rating with a negative outlook, following the affirmation of the country’s sovereign credit rating. The power utility was placed on review for a potential downgrade
The private sector has set aside R1,5bn to help small and medium enterprises survive the tough economic climate. The announcement was made CEO of Discovery Adrian Gore during a briefing at the Union Buildings where government, labour
Starting next month, doctors and nurses in remote areas of Rwanda will be able to order blood and emergency medicine via a text message. Part of a new breed, designed to save lives, the drone will fly to the clinic using GPS
Unemployment increased by 2,2 percentage points to 26,7% in the first quarter of 2016, compared to the fourth quarter of 2015. This is the highest rate since 2008. Employment levels declined in all industries, except community and
South Africa’s advanced banking sector and a lack of demand are key reasons for the local failure of Vodacom’s mobile money product M-Pesa, says an analyst. On Monday, Vodacom announced that
After more than two “stress-filled and anxious” years, sacked Cape Times editor Alide Dasnois on Monday said she is satisfied with her last-minute settlement offer from Independent Newspapers
Before dropping out of the US presidential race, Republican hopeful John Kasich lamented the retirement of Jon Stewart as host of Comedy Central’s The Daily Show, saying “Trump was lucky” to escape Stewart’s withering commentary. But Stewart’s replacement
South Africa’s top anti-corruption official says she fears for her life after learning from an informant that hit men are being contracted to kill her, her spokeswoman has said. Public protector Thuli Madonsela is a leading public
The Communication Workers Union has agreed to suspend its two-day strike action against the South African Post Office. The CWU launched a nationwide strike on Thursday to demand higher annual pay increases for workers and the