Oil prices extended their rally on Wednesday on growing expectations for demand as the global economy recovers, though equity investors trod a more cautious line as inflation fears continue to cast a shadow over trading floors. While some countries are struggling in their battle with the coronavirus, the general mood among dealers is upbeat that […]
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 […]
Metrobus workers are demanding an 18% salary increase. The Metrobus strike in Johannesburg enters its seventh day on Wednesday with no end in sight. More than 30 000 commuters are affected. The Democratic Municipal Workers Union (Demawusa) has tabled 28 demands. These include an 18% salary increase, a R15 000 COVID-19 allowance and a 14th cheque. The bus company […]
VODACOM on Tuesday unveiled a support package for job seekers under its ConnectU portal. Vodacom said it was committed to helping job seekers by combining voice and data offers, continued access to learning and skills through UAcademy and access to zero-rated job sites housed under ConnectU portal. As part of the package, Vodacom said it […]
Pick n Pay plans to tap into growth opportunities in the rest of Africa over the long term as it announced a 4.3 percent increase in group turnover to R93.1 billion during the 52 weeks ended in February compared to a year earlier. Photo: Simphiwe Mbokazi African News Agency (ANA) PICK N PAY plans […]
Picture: Nhlanhla Phillips/African News Agency/ANA TWO WEEKS ago I referred to the commodity super cycle that is under way. The stock prices of most resources companies have followed commodity prices on the way up. The big question I asked myself is where I can find value in the resources sector. My starting point was to […]
Shares in ArcelorMittal South Africa (Amsa) surged 16 percent on the JSE on Friday as the market digested the overview of progress made in its new business model published in its 2020 integrated annual report a day earlier. Picture: Karen Sandison/African News Agency(ANA) JOHANNESBURG – SHARES in ArcelorMittal South Africa (Amsa), the ailing steel producer, […]
taltile expects its full-year earnings to surge by 70 percent, boosted by a high demand for its products and an 18.5 percent increase in total retail store sales. Photo: Simphiwe Mbokazi/African News Agency (ANA) DURBAN – ITALTILE expects its full-year earnings to surge by 70 percent, boosted by a high demand for its products and […]
ArcelorMittal South Africa (AmSA) said in its 2020 integrated annual report that it was committed to addressing the country’s steel shortages. Photo: File JOHANNESBURG – ARCELORMITTAL South Africa (Amsa) said in its 2020 integrated annual report that it was committed to addressing the country’s steel shortages. Chief executive Kobus Verster said on Friday the group […]