Negotiations between the two parties collapsed multiple times since the 2022 wage negotiation cycle began in March. Makro workers affiliated with the South African Commercial, Catering and Allied Workers Union (Saccawu) are expected to begin its 10-day strike on Friday after talks collapsed between the union and retail giant Massmart. Negotiations between the two parties […]
The AA said that Finance Minister Enoch Godongwana heeded its call last year not to increase the two main levies attached to the fuel prices, which are the general fuel and Road Accident Fund levies. The Automobile Association (AA) has called on Finance Minister Enoch Godongwana not to increase fuel levies this year. The AA […]
Economists are predicting another rate hike, after six increases to the repo rate in 2022. Economist Dale McKinley said that the country’s Monetary Policy Committee (MPC) needed to adopt a better fiscal policy that would accommodate the public. His remarks come as the committee enters day two of its three-day meeting before Friday’s announcement of […]
Mayor Geordin Hill-Lewis welcomed Treasury’s decision to exempt the city from competitive bidding or tendering to buy power from homes and businesses. Efforts by the City of Cape Town to become the first “load shedding” free metro are gaining traction, as it’s now allowed to buy electricity back from private suppliers. “We have exemption and […]
Cape Town Mayor Geordin Hill-Lewis said that 110 generators would be installed at municipal assets across the city to keep its offices open and utility services like water purification systems and sewer pumps, operating. The City of Cape Town will be spending at least R100 million on generators to keep its services functioning during power […]
A legal firm was appointed to probe, among other issues, allegations Spar wanted to use their BEE loans to bail out white retailers. Retailer Spar says CEO Brett Botten will step down at the end of January, while former board chair Graham O’Connor will be leaving in February. The leadership change comes after Spar was hit […]
The main contributors to the latest annual inflation rate includes food and non-alcoholic beverages, housing and utilities, as well as transport. Statistics South Africa said that the annual consumer price inflation eased for a second month to 7.2% in December. The figure comes down from 7.4% in November. The main contributors to the latest annual […]
Solidarity joined opposition political parties and organisations in threatening to take Eskom to court over the crippling impact of the rolling power cuts. Eskom’s inability to alleviate the country’s power crisis meant that South Africa needed to urgently head towards private generation supply, trade union Solidarity has said. Indefinite stage 6 power cuts were implemented […]
There have been concerns about the increased loans, with opposition parties arguing that the money will need to be paid back but government says that it is necessary and the interest rates are low. Despite President Cyril Ramaphosa deciding not to attend the World Economic Forum (WEF) meeting in Davos, Switzerland due to the electricity […]
The coffin of former South African President Nelson Mandela is prepared to be buried during his funeral ceremony in Qunu, Eastern Cape, December 15, 2013 The defence for the eleven accused in the Nelson Mandela memorial fraud case is accusing the state of withholding crucial evidence. The said evidence relates to cellphone records which the […]