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Eskom Implements First Power Outages In Months

STRUGGLING South African power utility Eskom implemented planned power outages for the first time since March on Friday, ending a period of...

A Peculiar Victory For Department Of Public Enterprises As SAA Workers, Except Pilots, Accept Severance Pay

THEBE MABANGA   PUBLIC Enterprises ministry has announced that South African Airways employees, except pilots, have accepted in principle...

Media24 Considers The Ending Of 5 Magazine Titles, 2 Newspapers and 510 Staff Retrenchments

NASPERS’ Media24 unit announced on Tuesday that it is considering the closure of five magazines and two newspapers, outsourcing and reducing the...

Capitec Forecasts 70% Profit Fall In Blow To Shares

CAPITEC Bank forecast a fall of at least 70% in first-half earnings on Friday due to a spike in bad loans from...

Tito Mboweni Caught Between A Rock And Many Hard Places

THALIA HOLMES THE BREVITY of Finance Minister Tito Mboweni’s Wednesday supplementary budget speech gives insight into the amount...

South Africa’s Unemployment Rate Climbs To 30.1%

SOUTH AFRICA'S unemployment rate has increased by 1% point to 30,1% in the first quarter of 2020. All provinces recorded increases...

South Africa’s Budget Deficit To Widen Sharply, Remain High After COVID-19

SOUTH AFRICA’s consolidated budget deficit is expected to widen markedly this year, a Reuters poll found, with its National Treasury struggling...

Government To Oppose Court Application Against SAA Business Rescue Plan

THEBE MABANGA THE Department of Public Enterprise has announced its intention to oppose a court application brought by...

New Development Bank Provides South Africa With $1 Billion COVID-19 Loan

THE New Development Bank established by the BRICS group of emerging nations has approved a $1 billion COVID-19 emergency loan to...

COVID-19: World’s Ultra-wealthy Go For Gold Amid Stimulus Bonanza

AS STOCK markets roar back from the coronavirus-led rout, advisers to the world’s wealthy are urging them to hold more gold,...

Government Rejects SAA R10 Billion Rescue Plan

THEBE MABANGA GOVERNMENT has effectively rejected South African Airway’s (SAA) proposed R10 billion business rescue plan, suggesting that...

Telecom Giant Orange Eyes Nigeria, South Africa As Possible New Markets

ORANGE, France’s largest telecom operator, believes it would benefit from having a wider footprint in Africa and will give itself a...

Politics

Cyril Ramaphosa: The Coronavirus Storm Is Upon Us, Far Fiercer And More Destructive

CYRIL RAMAPHOSA Last night, I addressed the nation on the state of the coronavirus pandemic in our country. What...

COVID-19 Storm: Ramaphosa Announces Curfew, Enforces Masks and Reinstates Alcohol Ban To Free Up Hospital Beds

CHARLES MOLELE PRESIDENT Cyril Ramaphosa says government has decided to take some of the most drastic measures to curtail...

Robert Nkuna Appointed New DG For Department of Planning, Monitoring and Evaluation

ROBERT Nkuna has been appointed the new director-general of the Department of Planning, Monitoring and Evaluation (DPME).   Nkuna...