Fuel prices will come down by between 19c and 54c/l this week. The department of mineral resources & energy has announced a 19c decrease in the price of 93 (ULP and LRP) and 95 (ULP and LRP) as of Wednesday.
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Eskom is making preparations for a 3GW gas-fired plant, but the debt-stricken utility is still awaiting formal guidelines from the government before it can proceed with the project.
Though there is “significant doubt” over Cell C’s ability to continue as a going concern, the mobile operator’s biggest shareholder, Blue Label Telecoms, said on Friday that “management believes it is more likely than not” that the company will survive.
The rand is suffering its worst start to the year against the dollar since the global financial crisis of 2008, and it’s not about to get any better in March, if history is any guide.
The leadership of the ANC called an emergency meeting to discuss the government’s plans to curb its wage bill – a move that has angered its trade union allies.
While big technology shares in the US have continued to hit new highs in 2020 – among them, Microsoft, Apple, Amazon, Google and Nvidia – JSE-listed IT companies have had a torrid start to the new decade.
Government still has to make a decision on the future of e-tolls. finance minister Tito Mboweni failed to mention e-tolls in his budget speech on Wednesday.
An exoplanet more than double the size of Earth could potentially be habitable, astronomers have found.
South Africa will use money from the sale of broadband spectrum and mining royalties to establish a R30-billion sovereign wealth fund, finance minister Tito Mboweni said.
The SABC is expected to get the remaining R1.1-billion of its R3.2-billion bailout by the end of next month, national treasury said on Wednesday.