Business Report / Page 2

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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Metrobus strike enters its seventh day, wage negotiations deadlocked

Written by on 12 May 2021

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 […]

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Vodacom launches support package for job seekers

Written by on 5 May 2021

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 […]

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Pick n Pay plans to go big in Africa

Written by on 22 April 2021

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 […]

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Leaner Amsa’s shares surge 16% on investor confidence

Written by on 19 April 2021

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, […]

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ArcelorMittal SA vows to address SA’s steel shortages

Written by on 19 April 2021

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 […]

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