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Friday, March 22, 2019
JOHANNESBURG, March 12 - The National Union of Metalworkers of South Africa (Numsa) said on Tuesday it had gone on strike at ArcelorMittal, accusing the steel company of abusing workers through labour brokers. Numsa said the strike would affect all ArcelorMittal operations in Vanderbijlpark. "Large numbers of our members are employed through contractors ... but work for ArcelorMittal. We are told that...
JOHANNESBURG, March 8 - State-owned electricity company Eskom said on Friday there was a possibility it might have to implement rolling power cuts to avoid straining the national grid, although the risk has not materialised so far this week. The warning came a day after The National Energy Regulator of South Africa said it had granted the financially struggling utility -- which...
PORT ELIZABETH, March 6 - Presenting her R132.4 billion budget for the 2019/2020 financial year, Finance MEC Barbara Creecy on Tuesday said the budget would favour the most vulnerable in society, with the bulk of it allocated to health, education and social services. “The budget sets out how provincial government fund its commitment to transform the economy and create jobs, support...
CAPE TOWN,  March 5 - South Africa Trade and Industry  Minister Rob Davies on Tuesday announced the newly appointed South African Brics Business Council which is set to promote and strengthen trade and investment ties among the BRICS countries. The BRICS countries are Brazil, Russia, India, China, and South Africa. The new BRICS Business Council is made up of five members with...
PARLIAMENT, February 27 - The Independent Communications Authority of SA (Icasa) on Tuesday said it was probing whether Vodacom is guilty of any compliance breaches following its decision to charge consumers R49 to rollover unused data. Briefing member of Parliament (MPs) on Tuesday, Icasa chief executive Willington Ngwepe confirmed they had received a notification and explanation from Vodacom informing the...
JOHANNESBURG, February 26 - Dr Sipho Kabane has been formally appointed a chief executive officer and registrar of the Council for Medical Schemes after acting in the position for a year, the organisation said on Tuesday. The CMS is an autonomous statutory body created by parliament to regulate medical schemes in South Africa. "The appointment of Dr Kabane comes at a critical...
JOHANNESBURG, February 25 - Eskom chairperson Jabu Mabuza will be back at the Zondo Inquiry on Monday, where he will continue his testimony about corruption at the power utility. On Friday, Mabuza detailed charges levelled against Eskom's former acting chief executive, Matshela Koko, who was accused of distributing confidential documents about consulting services to a third party, Salim Essa, believed...
PARLIAMENT, February 20  - The R69 billion lifeline thrown to Eskom over the next three years will cover around 70 percent of Eskom's debt servicing costs, opening up room for the utility to use more of its revenue to keep the lights on, the power utility's chief executive Phakamani Hadebe said on Wednesday.   Speaking at Parliament after Finance Minister Tito...
JOHANNESBURG, February 20 - South African Airways (SAA) chief executive Vuyo Jarana has welcomed government's review framework for state-owned enterprise (SOEs) support as announced by Finance Minister Tito Mboweni on Wednesday. Mboweni announced in his budget speech that government would increase its debt guarantee to SAA by R6.2 billion, with stringent measures, after giving it R5 billion in October. The debt-ridden airline has...
DURBAN, February 19 – Durban power couple S’bu and Shauwn Mpisane, known for their lavish lifestyle and lucrative multi-million rand state construction tenders, are getting divorced, court records show. The matter is expected to appear in the motion court before Judge Rashid Vahed of the Durban High Court on Wednesday as item 32. It is unclear whether they will appear in...

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