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Cape Town on track for metro rail take over

Cape Town Metrorail 1 minute The City of Cape Town says it’s on track to take over the management of the Cape Metro passenger rail services. This follows the city council adopting the Rail Feasibility Study and Prasa signing a Service Level Agreement. The study proposes that the City of Cape Town take control of…

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Union to approach SAFA regarding unpaid player bonuses

The SAFA NEC with Minister Gayton McKenzie early this year. 3 minutes The South African Football Players Union (SAFPU) says it will do everything possible to get the attention of the South African Football Association (SAFA) leadership to resolve the impasse of unpaid bonuses. Both Bafana Bafana and Banyana Banyana have not received match bonuses…

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Tiger Brands revenue rises by 1%

South Africa’s Tiger Brands’ peanut butter manufacturing facility is pictured in Krugersdorp, West of Johannesburg. 4 minutes Food price inflation boosted revenue at Tiger Brands with revenue rising 1% to R37.7 billion, up from the previous year. But this was partially offset by a 6% decline in sales volumes. The packed goods company says its…

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SAA pilots declare plan to strike from Thursday

SAA plane 1 minute South African Airways (SAA) pilots have reportedly declared plans to embark on a strike tomorrow over a wage dispute. The airline revealed that the South African Airways Pilots Association initially tabled a 30-percent wage increase demand when negotiations started in May. However, the Association has since reduced its wage demand to…

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Moody’s unchanged rating was expected: Economist

Signage is seen outside the Moody’s Corporation in New York. 3 minutes Standard Bank Senior Economist Elna Moolman, says the rating decision by the global credit rating agency, Moody’s was expected. Moody’s decided not to downgrade the country’s credit and keep it unchanged at Ba2 due to strong and independent institutions such as the judiciary…

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