Monday, October 26, 2020

Eskom restructure will take another two years: David Mabuza

The government only envisages completing the process of restructuring or unbundling Eskom into three separate entities in 2022. This is according to Deputy President David...

Guard against companies wanting to clean your credit report

Prescribed periods apply for negative listings Consumers have been urged to remain cautious of offers to clear credit reports, especially if you have “adverse information...

Stage 2 load-shedding effective from midday, risk of more cuts this...

Breakdowns in electricity generation have resulted in Eskom announcing an enforced power outage from midday to 10pm on Tuesday. Ten generation units at seven power...

Transport sector looks to boost number of female drivers

The ongoing Covid-19 pandemic has hit the already faltering SA economy hard, causing a jobs bloodbath that has pushed the country to a record...

Indicator of economic growth lifts for first time in three months

ODWA MJO The SA Reserve Bank’s composite leading business cycle indicator increased 2.7% month on month in June, rising for the first time since March. The...

Business calls for urgent intervention after UIF-Ters benefits suspended

UIF applicants queue at the department of labour in Randburg to get financial relief during the Covid-19 pandemic. File image Image: Alaister Russell/The...

Lockdown has left South Africans drowning in debt

New studies of the impact of lockdown on the economy paint the picture of a country locked in a downward spiral of rising joblessness...

SA’s declining GDP will take five years to recover, says UN

NONKULULEKO NJILO SA's GDP is expected to decline by at least 7.9% this year as a result of Covid-19, according to research conducted by the...

‘It’s like Christmas’: Thirsty South Africans are here for the sale...

The sale of alcohol is allowed again and South Africans are rejoicing, many tweeting memes and hilarious anecdotes about their excitement. On Saturday, President Cyril...

Restaurant Association of SA cheers while hurt tobacco industry is wary

The tobacco industry has cautiously welcomed the announcement that cigarettes can be sold from Tuesday, but the ban on trade for five months has...

JUST IN | Ban on alcohol & cigarettes lifted from Monday...

President Cyril Ramaphosa has announced that the country will be moving to alert level 2 with bans on travel between provinces and the sale...

Ramaphosa to address nation at 8pm, Covid-19 state of disaster to...

President Cyril Ramaphosa will address the nation about the Covid-19 state of disaster at 8pm on Saturday. Ramaphosa's spokesperson, Tyrone Seale, said the address followed...

‘Don’t lift bans on alcohol and tobacco’: ANCWL president Bathabile Dlamini

ANC Women's League remains opposed to plans to lift the restrictions 'as SA could be hit by another wave' of Covid-19 infections. ANC Women's League...

Gupta lawyer slams ‘incomprehensible’ Eskom and SIU summons for R3.8bn

The Gupta family has slammed a bid by Eskom and the Special Investigating Unit (SIU) to sue them for R3.8bn, which the power utility...

JUST IN | SA could move to level two this week...

The country could move to Level 2 this week if Cabinet accepts a recommendation from directors-general to open more sectors of the economy. A forum...

How we plan to make women more financially independent: Ramaphosa

President Cyril Ramaphosa says that government is scaling up its support for women to enable them to become financially independent, making them less likely...

‘Illegal sales of alcohol hamper our efforts’: Restaurant association to restaurateurs

UNATHI NKANJENI The Restaurant Association of SA (Rasa) has condemned illegal sales of alcohol at some restaurants. This comes after claims on social media that some...

Consol Glass indefinitely halts R1.5bn investment due to alcohol ban

ALISTAIR ANDERSON Consol Glass has indefinitely suspended construction of a new R1.5bn glass manufacturing plant in Ekurhuleni, Gauteng, as the government’s ban on the sale...

Gold climbs to record high as traders turn for safety

Safe-haven gold scaled a record peak on Wednesday, extending a record run above the $2,000 mark on a weaker dollar and bets for more...

No more lockdowns: World Health Organisation warns that the price is...

The World Health Organisation has urged countries not to reimpose national lockdowns in an attempt to stem the spread of Covid-19 due to social...

Lockdown changes will push curfew to 10pm, allow intraprovincial travel

The government has resolved to ease the curfew by an hour to enable restaurants to maximise their peak customer-serving time. Tourism minister Mmamoloko Kubayi-Ngubane said...

V&A Waterfront the first ‘Covid-19 safe’ tourist attraction in SA

Cape Town's V&A Waterfront has become the first tourist attraction in SA to be considered Covid-19 safe. The attraction was awarded a “global safety and...

Inflation edges higher in June

LYNLEY DONNELLY Inflation continued to hover close to multiyear lows, despite edging higher in June, data from Stats SA showed on Wednesday. The increase took annual...

SA has all the ingredients to recover from Covid-19 economic damage...

President Cyril Ramaphosa said SA's path to economic recovery will be long and difficult and must start now. Image: GCIS SA has all...

Promoting health benefits of CBD

While many people still view ‘dagga’ with some level of suspicion, more and more are starting to discover the various health benefits that cannabis-based...

Eat beef stew with a cup of instant coffee if your...

Food prices have gone up‚ Stats SA data shows Shoppers are right: food has become more expensive. But there are exceptions‚ which savvy or cash-strapped...

Tourism industry optimistic despite R748m daily losses

NONKULULEKO NJILO The Tourism Business Council of South Africa (TBCSA) on Monday said it was confident the industry would survive the Covid-19 pandemic, despite recording...

Vodacom partners with China’s Alipay to create ‘super app’

MUDIWA GAVAZA Vodacom has partnered with China’s Alipay on a new “super app” that will allow customers to make payments, stream video and make travel...

The 2020 Instagram rich list is out – here’s who made...

Visual social media planner Hooper HQ has released the top 100 Instagram 2020 rich list. It includes influencers in fitness, beauty, music and fashion among eight...

Giving new meaning to ‘downsizing’

Newly established East London-based company Freedom Tiny Home Manufacturers is bringing a more literal interpretation to the concept of downsizing. Founded by Pinewood Homes owner...

Load-shedding to ease but will remain an ‘unwelcome part of life’...

Eskom CEO Andre de Ruyter says the current round of rolling blackouts will ease this week - but the power utility has conceded that...

Alcohol industry queries ban

The government's ban on the sale of alcohol during the lockdown was reinstated without warning on Sunday night, and without considering the industry's attempts...

VBS former boss loses another court bid to save his assets

The Supreme Court of Appeal (SCA) has dismissed an application by former VBS Bank chief executive Andile Ramavhunga and his wife, Zanele, who wanted...

Stage 2 Loadshedding – 10 July 2020 – Buffalo City Metro...

Stage 2 loadshedding returned countrywide from 12 midday today, July 10, 2020 and is set to continue until 10pm tonight. This stage is initiated if...

ANC to set out vision for post-Covid-19 economy

CAROL PATON The ANC, which is set to publish its final draft of a discussion document on the post-Covid-19 economy on Friday, has again returned...

High court rules against Minerals Council in Mining Charter matter

ALLAN SECCOMBE The mining industry’s legal challenge against certain clauses in the Mining Charter took a new turn after a court ruling demanded the participation...

Massmart looks to cut 1,800 jobs at Game stores

KARL GERNETZKY Walmart-owned retailer Massmart says up to 1,800 jobs may be cut at its Game stores in SA as its begins formal consultations with...

Former VBS Bank CFO Phillip Truter says he’ll plead guilty

The former CFO of VBS Mutual Bank, Phillip Truter, on Monday morning indicated he intended to plead guilty to the charges he faces. National Prosecuting...

SA consumers say food, goods and services are getting pricier under...

The majority of people polled across 26 countries, including SA, have reported an increase in the cost of food, goods and services since the...

New-car sales improve in June but are still way down on...

With the tourism sector still under lockdown restrictions, there was virtually no contribution by the car rental industry New-vehicle sales in SA in June were...

Milnerton refinery to launch probe into explosion which left two dead

Two people were killed and seven injured after an explosion at an oil refinery in Milnerton, Cape Town, in the early hours of...

MPs urged to reject supplementary budget

LINDA ENSOR A group of nearly 100 economists, economic analysts and professionals have called on parliament to reject finance minister Tito Mboweni’s supplementary budget on...

VWSA on hunt for next big female entrepreneur

Volkswagen Group SAs Lionesses Den initiative is on the hunt for three  winning business pitches that could stand female entrepreneurs  a chance of grabbing...

‘Please Call Me’ inventor Makate scores another court victory against Vodacom

'Please Call Me' inventor Nkosana Makate has won yet another court battle against cellphone giant Vodacom after a court ruled in his favour on...

Tito Mboweni says income and corporate tax unlikely to rise

ANTONY SGUAZZIN and PRINESHA NAIDOO Finance minister Tito Mboweni told selected clients of two of the country’s biggest banks that the National Treasury had no...

SA braces for a deepening recession

CLAIRE BISSEKER Economic growth and current account data for the first quarter will be the main focus this week. Though too backward-looking to reveal the...

BAT’s challenge to tobacco ban to be heard only in August

By the time the case is heard, the ban will have been in place for four-and-half months The second big legal challenge to SA’s Covid-19...

BREAKING: Court rules cigarette ban must stay in place

“The application by Fair-Trade Independent Tobacco Association is dismissed.” With these words, the high court ruled on Friday that the sale of tobacco products would...

Court to hear BAT SA tobacco ban challenge

GENEVIEVE QUINTAL The high court in Cape Town will hear British American Tobacco SA (BAT) application to have the ban on sale of tobacco products...

Let our patrons drink, restaurant association pleads with government

The Restaurant Association of SA (Rasa) has written to cooperative governance and traditional affairs (Cogta) minister Nkosazana Dlamini-Zuma, asking her to allow 70% capacity...