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South Africa
Sunday, January 20, 2019
JOHANNESBURG  - South Africa on Thursday appointed a new chief executive officer to state-run arms firm Denel as the government tries to turnaround the cash-strapped company plagued by years of mismanagement. Daniel Du Toit is expected to take up the role in January, a joint statement by the ministry of public enterprises and Denel's Board said. The previous CEO resigned...
By Emma Rumney JOHANNESBURG (Reuters) - South Africa's Competition Commission on Thursday recommended Shoprite's retail unit, which houses the country's biggest supermarket chain, be fined 10 percent of its turnover for anti-competitive...
JOHANNESBURG - State-run South African freight group Transnet said on Thursday that a commodities export line was closed after a 200-wagon coal train derailed near Richards Bay. "The export line has been closed to allow engineers and maintenance crew to re-rail the wagons and repair the line. The closure will impact all commodities that are transported on the line, like...
JOHANNESBURG, December 19 - The National Union of Metalworkers of South Africa (Numsa) will meet the management team of Comair Limited on Thursday to try to avert a looming strike over a wage increase dispute. The union is demanding a salary hike of 12 percent, a guaranteed 13th cheque, travelling allowance, 15 percent of basic salary as a shift allowance, as well as a daily...
JOHANNESBURG - South African Airways (SAA) said on Tuesday that it had signed a partnership deal with Emirates airline which would see the two firms expand an existing codeshare agreement and work on other areas of cooperation. South African President Cyril Ramaphosa has been at pains to stabilise struggling state-run firms like SAA, which has not generated a profit since...
JOHANNESBURG, December 14 - South African airline Comair Limited said on Friday that it was working around the clock to find a speedy resolution to the wage dispute with the National Union of Metalworkers Union of SA (Numsa). This is after Numsa this week announced that workers were preparing to go on strike at international airline Comair from next week...
JOHANNESBURG, December 14 - Finance Minister Tito Mboweni has extended Mark Kingon's term as acting commissioner of the South African Revenue Service by a further 90 days or until a substantive head is appointed, his office said on Friday. Kingon has been acting in the post since President Cyril Ramaphosa suspended and subsequently fired former SARS boss Tom Moyane. Moyane...
JOHANNESBURG - Sibanye-Stillwater said on Thursday it had extended a wage agreement to cover all of its South African gold workforces, potentially putting an end to a strike that has seen almost half of its employees down tools since mid-November. The firm's shares rose 6 percent after the diversified miner said the strike, called by the Association of Mineworkers and...
JOHANNESBURG - Loss-making South African construction firm Group Five Ltd has received interest from a number of parties for various parts of its business as it explores selling some assets, it said on Thursday. Group Five's board is considering the approaches, said the company, which this week hired a new chief financial officer with experience of restructuring and asset sales. The...
CAPE TOWN – AYO Technology Solutions Limited (AYO) rejects with contempt the defamatory and malicious content that was reported on in several articles that appeared in the media over this past weekend. These articles appear to be part of an attempt by competitors to deliberately undermine the Sekunjalo Group and in particular INMSA and  AYO. AYO notes with concern, that...

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