South African Post Office (SAPO). The Congress of South African Trade Unions (COSATU) has rejected proposals to liquidate the South African Post Office (SAPO). The Labour Federation has accused the post office’s Business Rescue Practitioners (BRPs) of further crippling the institution and failing its employees. The union is calling for the removal of the BRPs and wants…
Minister of Mineral and Petroleum Resources, Gwede Mantashe The fifth annual Southern Africa Oil and Gas (SAOGA) Conference is set to kick off on Monday at the Century City Conference Centre in Cape Town. The event will focus on developments in the upstream petroleum industry across the Southern Africa region. The conference will give…
South African Post Office branch The Business Rescue Practitioner of the South African Post Office has notified Minister of Communications Solly Malatsi of their intention to file for liquidation of the state-owned entity. This was confirmed in a letter to the Minister on Friday. However, Malatsi deems this premature amid active government talks, especially with National…
The logo of multinational retail holding company, Steinhoff. The Pretoria Specialised Commercial Crime Court has sentenced former Steinhoff Auditor, Hein Odendaal to four years imprisonment or a R2 million fine. Odendaal, who turned himself in to the Hawks last year, entered into a plea agreement regarding his role in the multi-billion-rand scandal. The court found…
A general view of a production line of a car manufacturer. South Africa’s manufacturing sector has started the year on a weaker footing, with production slipping 0.7% year-on-year in January. The decline was due to sharp contractions in the wood, paper, publishing and printing industry as well as the basic iron, steel and machinery division….
Global oil prices have risen to around $85 a barrel in recent months. Oil prices rose sharply on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, fuelling concerns of a prolonged conflict and potential disruptions to oil flows through the Strait of Hormuz. Brent futures climbed $5.95, or…
A view of Cape Town International Airport. South African travellers are likely to soon face significantly higher flight prices after jet fuel costs increased by approximately 70% at two of South Africa’s three major airports. Cape Town International Airport and King Shaka International Airport in Durban have both raised the cost of Jet A1 fuel…
Flysafair plane takes off at an airport. Domestic airline FlySafair has announced that it will introduce a temporary fuel surcharge on ticket prices as oil prices rise due to the conflict in the Middle East. The surcharge will come into effect on Wednesday and will apply only to flights departing on or before the 12…
Bank notes. Opposition parties in the Mpumalanga Legislature have expressed different views about the Budget Speech delivered by the provincial MEC for Finance, Bonakele Majuba. Some have welcomed the budget allocation, but others are concerned that sometimes funds are not used appropriately. Speaking on behalf of the official opposition party, uMkhonto weSizwe, Benon Nxumayo, says,…
Smoke rising from an Eskom power station The Department of Electricity and Energy says Eskom’s financial position remains solvent. Senior officials from the department briefed Parliament’s Portfolio Committee on among others, the third quarter financial performance for 2025/26 of entities it oversees. The department’s Deputy Director-General for Energy Enterprises Dr Kubeshnie Bhugwandin added that liquidity…
