The Post Office is cutting several hundred jobs, the second state-owned company in as many days to detail plans to lay off workers as the government looks to slash its wage bill.
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The Presidential Commission on the fourth Industrial Revolution has presented President Cyril Ramaphosa with its draft diagnostic report on the country’s 4IR plan and opportunities available to harness it.
The Competition Commission has appointed Tamara Paremoer as the new divisional manager of mergers and acquisitions with immediate effect.
Government has launched the pilot phase of a new business portal, led by the Companies and Intellectual Property Commission.
National treasury wants to forge ahead with long-stalled plans to sell state assets to shore up the nation’s shaky finances despite opposition from other government departments and labour unions.
Finance minister Tito Mboweni said on Wednesday that government will stop buying cellphones for public representatives and senior managers in the public service.
The rand plummeted and bonds extended declines as investors faced the stark reality of what bailouts for the embattled state power utility will cost South Africa.
An economy stuck in the longest downward cycle since World War 2, chronic electricity shortages and soft business confidence – after 20 months running South Africa, patience is wearing thin with Cyril Ramaphosa.
The PIC has been thrown into further turmoil after firing an assistant portfolio manager who warned that the organisation moved too quickly when investing in a little-known technology company.
Deloitte has become the latest international company dragged into South Africa’s government-linked corruption scandals.