Fuel price hike headache for taxis

Passengers travel in Zakes Hadebe’s minibus taxi from Soweto township to central Johannesburg February 21, 2014. Taxi operators in Polokwane, Limpopo, say the looming steep fuel prices will negatively impact their business. Petrol is expected to increase by more than R5 per litre and nearly R10 per litre for diesel. The spike is linked to…

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Police seize counterfeit goods worth R117 million in Cape Town

The South African Police Service (SAPS), in collaboration with its crime-fighting partners, continues to record commendable progress in dismantling criminal networks involved in the illegal trade in counterfeit and illicit goods. Police have confiscated counterfeit goods worth more than R117 million during a joint operation in Bellville, Cape Town, earlier this week. The operation was…

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North West secures R420m in investment for nature reserve

The North West Provincial Government says progress has been made in its efforts to commercialise provincial nature reserves as part of its Provincial Growth and Development Strategy. Premier Lazarus Mokgosi says the province has secured investment commitments exceeding R420 million, with investors providing bank guarantees and proof of financial capacity. The initiative will involve lease…

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ASC calls for probe into Eskom’s security tender process

An Eskom logo is seen at the entrance of their head offices in Sunninghill, Sandton. The African Security Congress (ASC) has called for a thorough investigation into Eskom’s security tender process alleging corruption and favouritism. The organisation alleges that the power utility’s tender bidding process overlooks black-owned companies while favouring white-owned businesses. It has also…

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PSG Financial Services warns against early retirement withdrawals

South African rands. PSG Financial Services has warned South Africans against withdrawing money from their retirement funds, saying it could have serious long-term financial consequences. The warning comes as National Treasury plans to open discussions later this year on allowing limited access to retirement savings under the two-pot system in cases of financial distress. The…

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