Business

Photo Credit: Reuters. Public Investment Corporation (PIC) has expressed its supports to the proposed Edcon business rescue plan (BRP). In a statement issued on Tuesday, the PIC said the proposed plan seeks to support job and creditor sustainability and a higher recovery dividend for the Unemployment Insurance Fund (UIF), compared…
File Photo. Comair’s business rescue practitioners’ discussions with potential funders have resulted in a non-binding expression of interest for cash funding. Earlier this month (2 June) the business rescue practitioners confirmed they were in discussions with funders to recapitalise the airline in order to resume domestic passenger operations by 1…
Photo Credit:Reuters. International e-commerce giant Amazon has announced that it will be hiring for 3,000 new customer-service jobs in South Africa. "We are thrilled with the talent in South Africa and we are excited… to help keep people working during this unprecedented time," said the company in a statement. Amazon…
Sun International said it welcomed the announcement by the President that it could soon reopen its Resorts, Hotels, Casinos and Restaurants. The company said that it was well prepared to reopen its operations. Anthony Leeming, Sun International CEO said, “Once government has announced the dates we will stagger the reopening…
Photo Credit:Waldo Swiegers. The Department of Environment, Forestry and Fisheries has welcomed a R3.6 million fine handed to a major steel producing company after it admitted to contravening sections of the Air Quality Act by exceeding the minimum hydrogen sulphide emissions standards. The judgment, said the Department in a statement…
Photo Credit:Reuters. The retail group Edcon has sent retrenchment notices to all staff after it has failed to field concrete offers from potential buyers. The group said that it has sent Section 189 retrenchment notices to 22,000 workers. Edcon, which owns retailers Edgars, CNA and Jet, currently employs approximately 17,000…
Photo Credit:Gallo Images. A restructured SAA could start domestic operations as early as this month in Level 3 with full domestic operations in January 2021, followed by regional and then international operations under Level 1. This is according to SAA’s Business Rescue Plan (BRP), published by SAA business rescue practitioners, …
This Father’s Day may not be much of a celebration for dads and their families facing financial challenges as a result of the Covid-19 pandemic. Data from South Africa’s leading debt counsellor, backed by anecdotal evidence, suggests that while things are very difficult, there’s a positive shift in sentiment when…
Whether you’re a business or a private individual, it seems that no one has been spared from the economic impact of the COVID-19 pandemic. In early June, the National Treasury estimated that between 690 000 and 1.79 million people could lose their jobs because of the impact of the virus…
The V&A Waterfront is partnering with one of South Africa’s leading Click and Collect service providers, to offer an alternative for shoppers who want to avoid possible exposure to COVID-19 by queuing in shops, but who still want to collect their own goods. The new Click and Collect Drive Through …
Photo Credit:Sun International. Sun International has paid over R2-million to the Solidarity Fund, after more than 15,000 members of its loyalty programme pledged their leisure points for this purpose. At the start of the national lockdown the company froze all leisure and casino points accumulated by its Most Value Guests…
Photo Credit:Reuters. The business rescue practitioners for Edcon announced that the only way to save the company and the livelihoods of its thousands of employees is through "accelerated sales" of the clothing retailer's divisions to interested parties. The business rescue plan by Piers Marsden and Lance Schapiro, was completed on…
Photo Credit:Gallo Images. SA Express will remain in provisional liquidation for the next three months. This follows an extension that has been granted by the High Court to allow for the provisional liquidators to investigate affairs at the airline further. The team of provisional liquidators, led by Aviwe Ndyamara, believe…
Photo Credit:BP. BP will cut 10,000 jobs as coronavirus hits the UK oil major’s finances and accelerates a strategic shift to become a “leaner” company under its new chief executive. The pandemic has dealt a large blow to oil demand and BP’s earnings, with widespread financial damage across the energy…
Picture Supplied. Reserve Bank Governor Lesetja Kganyago said South Africa’s failure to rebuild the fiscal buffers it that had in place when the global financial crisis struck has weighed on the country’s ability to respond to the coronavirus pandemic. In April, the government announced a R500 billion support package aimed…
Photo Credit:Getty Images. Facebook CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President Donald Trump during recent demonstrations protesting the death of an unarmed black man while in police custody. Zuckerberg did not promise specific…
DebtBusters’ quarterly debt index shows that even before the lockdown South Africans were facing increased financial strain, taking on more debt to supplement incomes that had declined in real terms. The report for the first quarter of 2020 found that consumers who signed up for debt counselling had nominal incomes…
Reserve Bank governor Lesetja Kganyago. Picture: Supplied. Reserve Bank Governor, Lesetja Kganyago said the central bank will release apartheid-era records following a recent court ruling. The Supreme Court of Appeal has ordered the release of decades-old records which could shine a light on “significant corruption and fraud” under apartheid. Judge…
File Photo. Comair is unlikely to start operating again before November this year, notwithstanding the easing of restrictions on air travel as the airline requires a substantial cash injection,the company’s business rescue practitioners have told creditors and employee representatives. The aircraft are currently in a preservation programme to ensure that…
Image Supplied. BP Southern Africa announced the appointment of Taelo Mojapelo as its new chief executive officer. She steps into the role on 1 June 2020, as Priscillah Mabelane has elected to leave bp to pursue another opportunity. Mojapelo succeeds Mabelane who was notably the first woman in South Africa’s…
File Photo. Petrol prices are set to increase drastically from Wednesday,03rd of June. Fuel prices are increasing across the board, according to a statement from the Department of Mineral resources and energy. Petrol (both 93 ULP and LRP): 118c/l Petrol (both 95 ULP and LRP): 118c/l Diesel (0.05% sulphur): 22c/l…
MiX Telematics (JSE: MIX, NYSE: MIXT) a leading global provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS), released statistics that indicate that the lockdown has had a positive effect on vehicle crime and road-related incidents mainly due to the 74% decline in vehicle usage and the…
Photo Credit:@flysaa_care/Twitter. South African Airways (SAA) is making preparations for the resumption of domestic air flights, between Johannesburg and Cape Town,with effect from mid-June 2020. This position will be reviewed on an ongoing basis, it said. At the same time, SAA said it is cancelling all planned scheduled flights on…
Photo Credit:Shutterstock. Car-rental giant Hertz filed for bankruptcy Friday night after it was unable to reach an agreement with its biggest lenders. Hertz filed for Chapter 11 protections in the US Bankruptcy Court in Wilmington, Delaware, making it one of the largest corporate casualties of the coronavirus pandemic's widespread economic…
Fullview: Partner-Content (Advertorial Supplied). Stay healthy at home and get rewarded with Discovery Vitality. Discovery's Vitality programme has been adapted to allow South Africans to maintain a healthy body – and mind – online. Dinesh Govender, Vitality CEO says Discovery's comprehensive behavioural change programme has been continuing remotely since the…
Godfrey Sono and Sibusiso Vilakazi have successfully launched mo-Wash, their mobile hand washing units into the market. This stand-alone, fully automatic portable unit requires no plumbing or drainage, providing a cost-effective hygiene solution at functions such as funerals, weddings and outdoor events. The budding entrepreneurs saw a gap in the…
South African Reserve Bank Governor Lesetja Kganyago. Picture: @SAReserveBank/Twitter. South African Reserve Bank Governer, Lesetja Kganyago announced the bank's latest decision on interest rates for the country. The Reserve Bank's monetary policy committee has voted to reduce the repo rate for the fourth time this year, from 4.25% to 3.75%.…
South African banks are now ready to accept loan applications from COVID-19 distressed businesses. This was revealed on Tuesday by the National Treasury, the South African Reserve Bank and the Banking Association of South Africa. The development comes after the loan guarantee scheme announced by President Cyril Ramaphosa in April…
File Image. Group Five Limited have advised shareholders that the company has made the application to the Johannesburg Stock Exchange to delist. The delisting application was approved by the JSE on the 6th of May 2020. The last day of trading for the company will be on June 9, with…
Burger King today announced, in line with Government’s Level 4 lockdown guidelines, that it will be opening select restaurants around the country to deliver its full menu locally as of Wednesday, 6 May 2020. This service will be launched in partnership with Mr D Food and Uber Eats. Ezelna Jones,…
Photo Credit:@flysaa_care/Twitter. The Department of Public Enterprises says South African Airways(SAA) is set to be restructured into a new airline. In a statement released on Friday, the department said it is bringing in strategic partners with the sale of non-core assets and the government will continue to play a key…
Image Supplied. There will probably never be a Workers' Day, celebrated annually on 1 May, more poignant than this one. This year it comes amidst the COVID-19 pandemic, which is compelling essential workers in South Africa and across the globe to literally put their lives on the line for their…
Image Courtesy of Reuters. Retail Group Edcon has started with voluntary business rescue proceedings after losing R2bn in turnover during SA’s lockdown, it said in a statement,on Wednesday. Edcon, which owns around 900 Edgars and Jet stores countrywide, confirmed in a statement on Wednesday morning that it would “file for…
Getty Images. Motorists enjoyed one of the biggest fuel price decreases ever in April, with petrol falling by up to R1.88 and diesel by R1.35, although most people didn't feel the benefit due to the nationwide lockdown. However, there is further good news for May, with late-month data from the…
Image Supplied. MySchool MyVillage My Planet has announced that it is extending its funding efforts to mitigate the negative impact of COVID-19, adding a further R500 000 for South African animal welfare organisations to its donations to date. The community loyalty programme has already donated R500 000 to the Solidarity…
SAA business rescue practitioners said if they cannot reach an agreement with unions about the termination of workers employment contracts, they would have to make an urgent court application to place the airline into liquidation. In a notice to affected parties, practitioners Les Matuson and Siviwe Dongwana said that if…
Image Courtesy of Foodbev. Heineken said that coronavirus containment measures strangled sales which dropped by 14% by volume during March. The world’s second-largest brewer said the current quarter would be worse and the impact of the pandemic would still be felt in the second half of the year, sending the…
Sibanye-Stillwater is the first mining company to follow in the steps of the country’s president, Cyril Ramaphosa, by donating a third of its executive team’s salaries to the COVID-19 Solidarity Fund. The company also said it would resume limited operations from its South African gold and platinum group metal (PGM)…
South African Reserve Bank Governor Lesetja Kganyago. Picture: @SAReserveBank/Twitter. The South African Reserve Bank (Sarb) has announced a further 100 basis point cut to the repo rate, bringing it down to 4.25%. This comes after the reserve bank announced a 100 basis point cut in March that brought the rate…
Gauteng Liquor Forum representing about 20 000 micro and small businesses has written to the President Cyril Ramaphosa demanding that the total ban on alcohol sales be lifted or face a court challenge. A forum said in its letter,that the lockdown regulations breach their members constitutional right to choose their…
FirstRand Bank head offices. Photo: Google Earth/Streetview. FirstRand Limited, that owns FNB, RMB and WesBank, announced that the group’s CEO, COO and CF O, and the CEOs of its largest businesses will donate 30% of their salaries for three months to the solidarity fund. FirstRand CEO, Alan Pullinger, said the…
File photo of African Rainbow Minerals founder and executive chairperson Patrice Motsepe. Photo: AFP. Forbes Magazine has released its 2020 list of the world’s richest people and four South Africans have been featured. Nicky Oppenheimer and his family’s remains South Africa’s richest, with a net worth of $7.4 billion (just…
Insurance Company Liberty Life has confirmed that its retrenchment cover is no longer open for new business. "Liberty confirms the temporary suspension of the sale of retrenchment and the shorter-term insurance benefits covering loss of income. Given the uncertainty related to the Covid-19 pandemic, it is very difficult to assess…
In a show of unity and caring through action, MySchool MyVillage MyPlanet announced a R500 000 donation to the South African government's Solidarity Fund. This follows a R500 000 donation by MySchool MyVillage MyPlanet and Woolworths to Gift of the Givers, a disaster response organisation that is supporting frontline medical…
Standard Bank Insurance has announced it will be implementing a 25 percent cash back relief on its car insurance premiums. Nolwandle Mbalo from Standard Bank Insurance said "During these challenging times we are here to help protect our clients and what matters most to them. South Africa is under lockdown,…
South African Reserve Bank Governor Lesetja Kganyago. Picture: @SAReserveBank/Twitter. The South African Reserve Bank said South Africa's economy may contract between 2% and 4% this year as a result of the coronavirus pandemic. The COVID-19 pandemic is the biggest disruption to the global economy since the bankruptcy of Lehman Brothers…
The rating agency Fitch announced its decision to downgrade South Africa from ‘BB+’ to ‘BB’, placing the country further into non-investment grade. In a statement, government said it has noted the decision by the agency and has emphasised its commitment to implement structural economic reforms. In its decision, Fitch cited…
Image Supplied. Fitch Ratings has downgraded South Africa's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB' from 'BB+'. The Outlook is Negative. The agency cited “the lack of a clear path towards government debt stabilisation as well as the expected impact of the COVID-19 shock on public finances and growth”…
The National Credit Regulator (NCR) has advised consumers to make use of their credit life insurance, which can provide some relief for those unable to earn an income as a result of COVID-19. “As South Africa is battling with the impact of COVID-19 on the economy, many consumers have been…
Fitch Ratings has downgraded the Long-Term Issuer Default Ratings (IDRs) and Viability Ratings (VRs) of five South African banks - Absa Bank Limited, FirstRand Bank Limited, Investec Bank Limited, Nedbank Limited and The Standard Bank of South Africa Limited - to 'BB' and 'bb', respectively. The Outlook on all the…
Moody's has downgraded South Africa's credit rating to junk status, piling more anguish on an economy already in recession and battered by Africa's worst coronavirus outbreak. Two other major international rating agencies Fitch and S&P had cut the credit rating of Africa's most developed economy sub-investment level in 2017. The…
As South Africa prepares for the nation-wide lockdown declared by President Cyril Ramaphosa this week to contain the spread of the COVID-19 pandemic, black entrepreneurs can look forward to funding of between R500 000 and R10 million in concessionary loans to purchase machinery, equipment and raw materials and to fund…
SA motorists will see the largest fuel price decrease on record from the first of April,the Department of Energy said. Oil prices have crashed in 2020 due to a price war between Saudi Arabia and Russia, which has more than offset a weaker rand, while demand for oil has also…
Ebrahim Patel, Minister of Economic Development of South Africa, during the Job Creation session at the World Economic Forum on Africa 2011 held in Cape Town, South Africa, 4-6 May 2011.World Economic Forum (www.weforum.org)/Photo. All businesses that will be allowed to provide essential services during the 21-day COVID-19 lockdown will…
The Supreme Court of Appeal has dismissed with costs the application by Old Mutual's former CEO, Peter Moyo, for leave to appeal the 14 January Full Court judgment in favour of Old Mutual. The January judgment had overturned an earlier interim order granted by Mr Justice Mashile to temporarily reinstate…
South African Airways (SAA) has announced the suspension of regional flights after suspending all the international flights. The suspension of both international and regional flights is in response to government’s travel ban aimed at stopping the transmission of COVID-19. In a statement, the airline said due to the suspension of…
Standard Bank has announced a 3-month payment holiday for small business owners in South Africa amid the coronavirus pandemic. We understand the pressures of being a small business owner. So we would like to lighten the load by giving our customers with a turnover of less than 20M a 3-…
Mobile operator MTN drops data prices by 50%. MTN SA CEO Godfrey Motsa said the cost of a 1GB monthly data bundle, which has been the subject of much scrutiny by commission authorities, will fall from R149 to R99. “We won’t charge more than that,” he said. In terms of…
Axed Old Mutual boss Peter Moyo has resigned from his post on the board of Nedbank. Moyo,who had been a non-executive director at Nedbank, has been battling with Old Mutual over his sacking since he was dismissed following a dispute over a conflict of interest in June 2019. Nedbank Group…
Retail Group Massmart, said it will continue to consult with the Commission for Conciliation, Mediation and Arbitration (CCMA) over retrenchments at their Dion-Wired stores. Massmart initiated retrenchment consultations in January regarding the possible closure of 34 "persistently unprofitable stores" which include the 23 Dion-Wired stores and 11 Masscash stores. In…
The SA Reserve Bank’s monetary policy committee cut the repo rate by 100 basis points, or one percentage point, from 6.25% to 5.25. The Reserve Bank is under pressure to help arrest the economy’s downward spiral. South Africa is already in recession, and the fall-out from business disruption due to…
This year customers also have an opportunity to take part in this exciting competition, by simply sharing stories on what they love most about Mzansi to culminate in this year’s theme, “A STORY IN EVERY CUP.” Launched in 2019, Wild bean Café piloted the Design a Cup campaign with Vega…
The employees at 82 Dominos Pizza locations across South Africa will be left jobless as the pizza joint closes its doors in the country. Taste Holdings, owner of Starbucks and Dominos, has announced plans to liquidate its food businesses in the country with immediate effect. The decision comes after they…
The South African Banking Risk Information Centre has warned South Africans that panic over the novel coronavirus is the new favourite tool of cyber-criminals in their search for valuable banking information. The wave of "panic buying" of toilet paper, sanitary products and hand sanitisers yesterday at various retail centres across…
Godfrey Sono and Sibusiso Vilakazi have successfully launched mo-Wash, their mobile hand washing units into the market. This stand-alone, fully automatic portable unit requires no plumbing or drainage, providing a cost-effective hygiene solution at functions such as funerals, weddings and outdoor events. The budding entrepreneurs saw a gap in the…
Image:Kulula.com. South Africa has declared a national disaster and announced a ban on travel from the worst-affected countries. In an address to the nation on Sunday, President Cyril Ramaphosa declared a national disaster. South Africa will revoke nearly 10,000 visas issued this year to people from China and Iran, and…
Image:@ShuterRob. MTN mobile operator has reported a healthy rise in revenue for the year ended December 2019, despite challenging macroeconomic conditions, particularly in South Africa. The group also announced chief executive officer, Rob Shuter, will be stepping down at the end of his contract in March 2021. “The board thanks…
Vodacom has reached an agreement with the competition commission to reduce its mobile data prices. The mobile operator said as part of the range of initiatives to address societal challenges, it would slash the price of its 1GB of data by 34 percent to R99 from R149 on all channels,from…
Sasol problems intensified after its share price sank 45% following plummeting oil prices,down 30% and sending world markets into a spin. Shares in Sasol were 45% weaker valuing the company at just under R55bn and taking share losses for the year to nigh on 79%. Oil prices were on track…
Moody’s credit ratings agency has lowered its growth forecast for SA to 0.4% down from 0.7%, as it revised down its expectations across the G20 countries, in the wake of the coronavirus outbreak. “The global spread of the coronavirus is resulting in simultaneous supply and demand shocks,” Moody’s senior credit…
Anglo American Platinum (Amplats) has shut the processing facilities at its Waterval smelter complex in Rustenburg. The decision to close the Waterval processing facilities follows an explosion in the Anglo Converter Plant (ACP) phase A on February 10 which resulted in its temporary closure whilst repairs took place – estimated…
The SA Post Office expects to make a loss of about R1 billion for the financial year ending 31 March 2020. This is despite having received R8-billion in government bailouts over the past four years. The Post Office took over the social grant payments from Cash Paymaster Services two years…
The Minister of Mineral Resources and Energy, Gwede Mantashe has announced the adjustment of fuel prices for March based on current local and international factors. The Deparmtent of Mineral Resources and Energy, said the main reason for the fuel prices changes "is the lower crude oil prices during the period…
The business rescue practitioners of South African Airways (SAA) have been granted an extension until March to publish their plan to save the embattled flag carrier from liquidation. SAA was placed under business rescue in December and the plan detailing the turnaround was set to be published before the end…
MTN South Africa has this week launched MTN Traveller Bundles. These bundles allow tourists to stay connected with their family, friends and business associates whilst visiting South Africa with a local SIM rather than roaming. The cost-effective bundles are exclusive to new Prepaid tourist customers and will be made available…
Anglo American Platinum (Amplats) has appointed Natascha Viljoen as CEO following the resignation of Chris Griffith. Viljoen, a former Lonmin executive, is currently head of Amplats’ processing division, a role she has held since 2014. Her appointed will be effective April. She said after her appointment that it was “……
South Africa's headline consumer price inflation quickened to 4.5% year on year in January, from 4.0% in December, data from Statistics South Africa showed on Wednesday. On a month-on-month basis, price growth was at 0.3% in January, the same rate as in the previous month. Core inflation, which excludes prices…
Chris Griffith, CEO, Anglo American Platinum. Image:Miningmx. Chris Griffith, CEO of Anglo American Platinum (Amplats), has resigned after seven year stint as CEO of the company. His resignation is effective April. Amplats said Griffiths’ replacement would be an internal appointment. Griffiths goes out on a high after taking over at…
The Competition Commission conditionally approved PepsiCo's takeover of food and drinks producer Pioneer Foods. Pioneer Foods is a South African producer and distributor of a range of branded food and beverage products. It operates mainly in South Africa, providing wholesale, retail and informal trade customers with its products and exports…
Sun International has announced that it has appointed Brett Hoppé to the position of General Manager for its Sun City resort. Hoppé is no stranger to Sun City, having previously served as the Resort’s General Manager of the Soho Hotel (formerly the Sun City Hotel and Casino) between 2008 until…
KLEINE ZALZE wine estate in Stellenbosch has made a key appointment in line with its premiumisation strategy with marketing and sales specialist and wine industry veteran Carina Gous to join its team. She will be part of the senior management team at Kleine Zalze, in the position of Executive Manager:…
Arcelor Mittal SA plans to shed hundreds of jobs as it battles low steel demand and rising costs. CEO Kobus Verster said the Africa’s largest steelmaker could retrench 400 employees from the Newcastle operations in KwaZulu-Natal. ArcelorMittal SA has been struggling with weak demand and rising electricity, rail and port…
Strauss & Co achieved a prestigious white-glove sale when every one of the 164 lots at last night’s Monarch Hotel auction found a buyer. This accomplishment –in a highly challenging economy –was driven by Strauss & Co’s reputation for bringing to market top quality collections that are backed by the…
Motorists can expect a decrease in both the petrol and diesel price as from Wednesday (5 February 2020). The drop is primarily due to an appreciation of the rand and a decrease in international petrol price during the period under review, the Department of Energy said in a statement. Because…
MTN SA CEO, Godfrey Motsa, Chief Officer Fintech MTN SA, Felix Kamenga and Ubank CEO, Luthando Vutula at the launch of MTN MoMo in Ferreirasdorp, Johannesburg. The frustration experienced by around 11 million South Africans who do not have access to financial services will now be a thing of the…
Cell C has defaulted on almost R3bn of debt, sending the share price of its largest shareholder, Blue Label Telecoms plunging more than 13% on Tuesday,(28 January 2020). The failure to pay interest on its R274bn bond, as well as loans and interest to lenders, including Nedbank and the Development…
Tiger Brands have announced that it current chief financial officer, Noel Doyle, has been appointed its new CEO with effect from February 1. The current CEO Lawrence MacDougall has reached the company’s mandatory retirement age of 63, and will be replaced by current CFO Noel Doyle, the company said. He…
The beginning of a new school year often presents excitement for families whose children are going to school for the first time or proceeding to the next grade. Whilst most parents understand the ever-increasing cost of education, families often struggle to prepare for the year of school ahead, including the…
South Africa’s inflation remained well below the midpoint of the central bank’s target range in December, even as the rate rose for the first time in four months. Consumer-price growth quickened to 4% compared with 3.6% in November, Statistics South Africa said Wednesday. It matched market forecasts, with a Bloomberg…
SAB and AB InBev Africa’s breweries across South Africa will have onsite solar facilities by the end of this month. This kicks off a multi-billion rand investment with the goal to purchase 100% of the business’s electricity requirements at manufacturing sites across Africa by 2025. Onsite solar power at its…
File Photo. Reserve Bank governor Lesetja Kganyago has announced an interest rate cut of 25bps this afternoon. The cut which takes the repo rate to 6.25%, was a possibility given the fact that SA’s growth has flagged and inflation has slowed to its lowest levels since December 2010. The repo…
Woolworths has appointed Roy Bagattini as its new group CEO with effect from February 17, replacing Ian Moir who spent over nine years at the helm of the David Jones owner. Current CEO Ian Moir will step down as group CEO and executive director on February 16. In August last…
One of the biggest retailers,Massmart Holdings has started consulting with unions about store closures and jobs cuts, as the South African unit of Walmart Inc. battles to recover from an earnings slump. Massmart, which owns Game, DionWired and Makro among other brands announced the plan to shut the 23-store Dion-Wired…
In the spirit of International Volunteer Day for Economic and Social Development and on the 10th anniversary of Kentucky Fried Chicken’s Add Hope initiative, all roads – for the fast-food brands representatives, personnel of publicity company, Edelman and the ubiquitous media corps – lead to Sizanani Home-based Caregivers in Meadowlands,…
The Department of Mineral Resources and Energy has announced a petrol price hike of 22c per litre, while the price of diesel is set to decrease by 14.95c per litre for the festive season. The hikes are set to take effect on Wednesday. In a statement, the department says diesel…
The economy shrank 0.6% in the third quarter of 2019, Statistics SA said on Tuesday. This is the second time this year that SA's economy has contracted. In the second quarter of the year the economy grew by 3.1 % after shrinking by 3.2% in the first quarter. The outcome,…
JANE INHERITED HER TEMBISA TAVERN FROM HER MOTHER Thanks to SAB Zenzele, Jane has a further legacy to leave her children Nomthandazo Jane Makhanya was born and raised in Ecaleni, Tembisa, in the home in which she still lives. Jane, as she’s more popularly known, runs Gettie’s Tavern, the business…
The National Consumer Commission has fined the Ford Motor Company R35 million for the Kuga SUV fires. During was briefing the media in Pretoria, Acting commissioner Thezi Mabuza said Ford and the commission entered into a settlement agreement which will be made an order of the Tribunal. “FMCSA (Ford SA)…
Eskom made a surprise 1.3 billion rand profit from April to end September,double the amount made in the same period last year, due to higher tariffs. The power utility’s financial performance is typically stronger in the first half (April-Sept) of the year, as it sells more electricity during winter season…
Incidence of femicide in South Africa is five times the global average and one in five women are assaulted by their partner. Despite this, domestic violence remains one of the most taboo crimes in our society. The country’s biggest brewer, SAB, has launched a #NoExcuse Domestic Violence Policy to assist…
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