Business Report

SIPHO MASEKO TO STEP DOWN AS TELKOM CEO IN JUNE 2022

Written by on 23 July 2021

Maseko joined Telkom in 2013 and since then, the company’s become the third-largest mobile operator in South Africa. Telkom group chief executive officer (CEO) Sipho Maseko will step down in June next year after eight years at the helm. The telecommunications company, in which government is a shareholder, made the announcement in a statement on […]

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Poverty and Inequality Institute highlights importance of basic income grant

Written by on 21 July 2021

The Poverty and Inequality Institute has emphasized the importance of a basic income grant of R1 268 per month – saying people living on the poverty line will have a chance to better survive and move the country’s economy forward. President Cyril Ramaphosa recently announced that government is looking at the feasibility of implementing such […]

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Consumers advised not to panic buy

Written by on 13 July 2021

The Professions Body for Supply Chain Management, SAPICS, which represents hundreds of members in the supply and distribution business has advised consumers not to panic buy. This comes in the wake of the ongoing looting at various shopping malls and distributions centres in Gauteng and KwaZulu-Natal since the incarceration of former president Jacob Zuma. President […]

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SALBA describes continued ban on sale of alcohol as frustrating

Written by on 12 July 2021

The SA Liquor Brand Association (SALBA) has described as frustrating the continuation of a ban on the sale of alcohol, saying the industry is being targeted without adequate reasoning. On Sunday night, President Cyril Ramaphosa announced that South Africa will remain on level four COVID-19 restrictions for the next 14 days. Among the restrictions is the […]

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ESKOM TABLES 1.5% WAGE INCREASE FOR WORKERS

Written by on 18 May 2021

The embattled power utility said the offer is conditional on labour representatives accepting amendments to some of the conditions of service.   These changes include transfer benefits, overtime pay rates and travel time. Wage talks with the National Union of Mineworkers, Numsa and Solidarity began earlier this month. The NUM and Numsa are demanding a […]

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