Almost 60 000 employees could lose their jobs in South Africa in 2016, a report by Solidarity trade union revealed in Pretoria on Tuesday. Solidarity’s research shows that employees in the mining industry are hit hardest
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About 7 500 employees at Oakbay Investments will lose their jobs at the end of May if the Gupta-owned company’s bank accounts remain closed, staff at the company wrote in an open letter
One-party dominant systems, global experiences have shown, eventually fall into a crisis of legitimacy. This often stems from a perception of ineffective governance and lack of delivery on promises made to the electorate. Dominant parties, like
A recovery in commodity currencies and stability in the oil price boosted the rand to its highest level in four months on Tuesday. By 9am on Tuesday, the rand was trading at R14,38/US$
Former finance minister Nhlanhla Nene has been appointed a non-executive director at Allan Gray. A spokesman at the company told City Press that Nene was appointed at a board meeting on
The Gupta family played an amateurish game in trying to capture the state, political analyst Somadoda Fikeni said on Thursday. “The Guptas, it’s their amateurish, grotesque, in your face, corrosive approach. They became way too excited about their proximity
Integritron Integrated Solutions said on Thursday that everything was above board when it was awarded a multimillion-rand “irregular” tender from the department of correctional services
The Communication Workers Union on Thursday said it wanted business owners to take over Gupta-owned news channel, ANN7. “Let it be a South African-owned company. So we will be engaging with various business people to ensure that we save jobs at ANN7,” union
There was fear and uncertainty among staff at Gupta-owned broadcaster ANN7 after they were told that they might not be getting their salaries. An employee at ANN7, who asked not named, said that staff were frightened and had been job hunting without any luck
The Guptas and Duduzane Zuma resigned from Oakbay Investments and Oakbay Resources and Energy on Friday to facilitate the sale of the Optimum coal mine from Glencore to Oakbay, the Democratic Alliance claimed. Their resignation “is an insult