Friday, November 24, 2017

Hellopeter reveals how much South Africans like their banks

BY NICO GOUS Banks take on average 31 hours and 56 minutes to respond to customer complaints. This is according to a report released on Tuesday...

Jobless youth, elderly need help

By Derek Yu The latest South African jobs statistics continue to reflect a shockingly high unemployment rate which will take some doing to reverse. Concerns about the...

Seven years’ backpay for 61 Pick n Pay staff fired unfairly

BY DAVE CHAMBERS Sixty-one Pick n Pay staff have been reinstated by the Labour Appeal Court after being fired for going on strike for an...

Mdantsane airwaves silent in strike action

Mdantsane FM presenters, news readers and producers downed tools yesterday over allegations of mismanagement of funds. This forced thousands of loyal listeners to tune to...

Eskom lied to SA about R1.6bn payments to Gupta-linked Trillian

BY STEPHAN HOFSTATTER State-run utility admits to fake claims of legitimacy Eskom has admitted that it lied when it defended making payments totalling R1.6-billion to Gupta-linked...

Bank of Baroda to shut Guptas’ accounts

Complicating the closure of the Gupta accounts by Baroda is the extent of the loans it has made to the family The Bank of Baroda...

Shoprite to take on Woolies

SA’s leading supermarket group aims up as recession hits lower-end consumers first As South Africa slides into recession, and households have less and less to...

Van Rooyen gives Western Cape R74m anti-drought war chest

By Khulekani Magubane Minister of Cooperative Governance and Traditional Affairs Des Van Rooyen has announced an allocation of more than R74 million in drought relief to...

South Africa’s Pick n Pay cuts 3,500 jobs, warns on H1

Pick n Pay has cut 10% of its staff, eliminating approximately 3,500 jobs, the South African grocer said on Monday, as the country grapples...

OR Tambo airport braces for SAA strike

OR Tambo International Airport is set to be hit by a strike on Friday‚ but management cannot say how bad the effects will be. Staff...

Man unzips‚ gets two years’ supervision sentence on sex charge

An East London KFC delivery man has been found guilty of exposing himself to a woman customer when he delivered her order to her...

Here’s how the taxman will come after South African expats

If you have a good job overseas‚ living in a country where the tax rate is 25%‚ but your salary falls into South Africa's...

Sunday Times: Minister Lynne Brown’s lover scores lucrative Eskom oil d

On the front page of the Sunday Times Tmg Digital Location: Johannesburg Public Enterprises Minister Lynne Brown’s longtime lover and a close associate scored lucrative oil tenders...

Consumer regulator goes after third retailer charging ‘illegal’ club fee

TFG (The Foschini Group) is the latest national retailer to be referred to the National Consumer Tribunal for charging account holders a club fee...

SA economy exits recession

By Sunita Menon And Staff Writers SA has left the economic recession behind‚ for now‚ as gross domestic product grew 2.5% in the second quarter...

Panel vows ‘no escape’ for state capture accused

Top guns at Eskom and members of the Gupta family may be forced to face committee Members of the portfolio committee on public enterprises say...

Ceremony honours women of power

Fearless and resilient businesswomen who have made an impact on their communities and on the economy of the Eastern Cape were celebrated at the...

Jail those implicated in KPMG saga: Manuel

By Nomahlubi Jordaan Former finance minister Trevor Manuel says those implicated in the KPMG scandal should go to jail. “People should go to jail because of how...

Public Protector sparks the Battle of the Bank

South Africa is bracing for the Battle of the Bank as uncertainty over the Reserve Bank's future threatens the country's economy. After Monday's shock recommendation...

Absa employee guilty on 359 fraud counts

An Absa employee was found guilty on 359 charges of fraud after he transferred money from a client’s account to his brother’s. Moses Moroe was...

Malema wants rent-free space for spaza shops in township malls

Township spaza shop owners should either be given shares or space in township malls that are bankrupting them‚ says Economic Freedom Fighters leader Julius...

Bhisho probes R2m software contract

The information communication technology (ICT) manager in the office of the premier is under investigation for allegedly authorising a payment of almost R2-million for...

Bad news for house prices

Homeowners should not be too hasty to sell just yet. Seven months into 2017‚ it was becoming increasingly likely that this year would be the...

Where did Eskom’s R1 trillion go?

Eskom wants consumers to cough up more for electricity‚ but a lobby group has raised questions about how the power utility has spent hundreds...

Uber’s new payment system lets drivers reject cash trips

By Bafana Nzimande Uber SA has introduced a new payment system meant to increase driver safety. The cash indicator feature allows operators to choose if they want...

Gold jobs on the line

AngloGold says its ageing mines are caught in trap of diminishing returns AngloGold Ashanti could cut up to 8500 jobs at its unprofitable South African...

362 people want to be on SABC board

Hundreds of South Africans have shown interest in becoming full-time board members of the SABC. Parliament will start the process of short-listing the 362 applications...

First casualty of GM move

Coega Autospray has become the first casualty of General Motors SA’s (GMSA) decision to leave South Africa after the Port Elizabeth High Court granted...

Fine balancing act

DYNAMIC, multi-talented businesswoman, mom, athlete and community activist, Bonnie Currin, believes success is gained by finding a balance in all spheres of life. The GO!...

Save SA: How Mzansi is cutting back to survive the recession

Whether it’s eating out less‚ homemade pet food‚ cancelling gym memberships or avoiding parking tickets‚ South Africans are cutting costs to survive the economic...

Registration of KPMG auditors’ at risk over Gupta audit

KPMG auditors responsible for the audit of Gupta-owned Linkway Trading risk losing their designation as registered auditors if an investigation by the profession’s regulator...

City of Cape Town suing energy minister

The City of Cape Town has taken Energy Minister Mmamoloko Kubayi to court to force her to give it permission to buy renewable energy. This...

Reports of inflated contracts for chairs ‘misleading’‚ says Eskom

Eskom has rejected what it calls “the malicious and misleading” media reports that the company had “wildly-inflated contracts” for office and meeting room chairs. The...

Support for Knysna businesses

CAPE Town-based company Retail Capital is stepping up to aid small business owners in Knysna. The fire has left many businesses damaged and struggling. After a...

Loyalty cards surge as hard times bite

By Wendy Knowler People are going mad for loyalty programmes whose cash-back and discount benefits are helping to reduce the sting of hard times. Data show...

Rotarians hand over R700 000 to charity

‘ We want to express our thanks to the East London community’ SARAH KINGON GATELY ROTARIANS handed over a total of R700000 to a number of...

‘Public editor’ proposed to open up SABC

By BEKEZELA PHAKATHI Right2Know wants society to have a say in content The Right2Know campaign has called for the appointment of a "public editor" at the...

Rand weakens after public protector calls for Bank to ditch currency...

The rand was weaker against major global currencies on Monday afternoon‚ after risk spiked following a call by Public Protector Busisiwe Mkhwebane for a...

Pakati back on a positive note from trip to China

China and Buffalo City Metro discussed the possibility of manufacturing clothing in the metro for China’s African market, said mayor Xola Pakati when he...

On the spot: Eskom’s top three drop Gupta bombshells

Stunning reversals, a shocking confession and elaborate justifications were among the responses from the chairman, the acting CE and the finance head, write Carol...

Local Yokel campaign benefitting city

AS THE only regional ‘shop local’ campaign in South Africa, Megan Devan’s Local Yokel is making waves in East London. Now in its third year,...

Millions bled from SA economy

Exchange control: Reserve Bank frustrated at lack of prosecutions of those responsible for 'obscene' amounts of money leaving SA illegally BY LINDA ENSOR The National Prosecuting...

ANC gives government six months to establish state bank

ANC delegates have given the government an ultimatum to ensure that a state bank is up and running within six months. This comes a week...

‘Parents’ begin exciting journey at Breath of Life Place of Safety

EXCITED new “parents” of Breath of Life Place of Safety Andrew and Michelle Rielly, say they have answered their calling. Breath of Life has been...

EL company’s sweet success at bridal event

Lady Marmalaide judged best in SA for wedding boutique dresses LADY Marmalaide East London recently won the Top Vendor Wedding award for best bridal boutique...

Treasury paints bleak picture of debt repayment amongst councils

By Khulekani Magubane National Treasury has painted a bleak picture of municipal finances and their long-term sustainability in its preliminary report on local government revenue and...

ORT named top irregular spender in SA

Scandal-prone OR Tambo district municipality was yesterday named by Auditor-General Kimi Makwetu as the biggest culprit of irregular expenditure in the country, with R1.569-million...