[File photo] Wall Street sign 3 minutes Wall Street futures fell in Asia and Treasury yields held near eight-month highs on Friday as investors counted down to a US jobs report that could exacerbate or ease the sell-off in the global bond market. Nasdaq futures NQc1 dropped 0.6% while S&P 500 futures ESc1 were down 0.5%. Wall Street…
Flysafair plane seen in the air. 1 minute The National Consumer Commission (NCC) has announced that it has launched an investigation into low-cost carrier Flysafair. The commission says this follows media and social media reports of the airline allegedly overbooking flights. It says it has contacted the airline to request information to kick start the…
A general view shows ArcelorMittal South Africa office. 1 minute Government says it is committed to finding a lasting solution to avoid the closure of ArcelorMittal South Africa’s steel operations after months of talks failed to prevent job cuts. About 3 500 jobs are on the line as the company plans to wind down operations…
Transnet operations at a port in South Africa. 1 minute The Road Freight Association (RFA) has expressed concern about delays at Transnet’s Pier 2 container terminal at the Durban Port. Transnet Port Terminals issued a notice to customers on Tuesday, saying it was facing operational challenges caused by a combination of inclement weather and ongoing…
4 minutes The Gauteng Provincial Government is set to launch the Local Government Turnaround Barometer Dashboard this month to monitor municipal performance and improve service delivery across the province. The Barometer will track key issues, including water and electricity challenges, financial compliance, and wasteful expenditure. It was introduced following the province’s Local Government Turnaround Summit,…
Acting Gauteng Premier Lebogang Maile speaks at a provincial government engagement. 1 minute Gauteng Finance and Economic Development MEC Lebogang Maile has dismissed reports suggesting that the province is nearing bankruptcy. Speaking at a media briefing in Johannesburg, Maile acknowledges the financial strain caused by the e-toll debt but assures that the province’s finances and…
Gauteng sign board 1 minute The Gauteng provincial government has refuted media reports claiming that the province is on the brink of bankruptcy. While the provincial government concedes the commitment to repay the e-toll debt has dealt a blow to its finances, it says a host of reforms will be implemented to meet budgetary obligations….
A bunch of alcohol bottles wait to be filled and labelled ahead of packaging. 2 minutes The National Liquor Traders Council Convenor Lucky Ntimane says their members managed to meet their sales targets in December. Ntimane says the festive always presents an opportunity for traders to increase their sales. “I think the festive season will…
A logo is seen on the roof of the ArcelorMittal building. 2 minutes The KwaZulu-Natal MEC for Economic Development, Reverend Musa Zondi, has called for an urgent national government intervention to prevent ArcelorMittal from closing its so-called longs steel business in Newcastle and Vereeniging. Longs refer to structural steel which is mainly used in railways,…
Buses seen at a depot. 2 minutes The North West provincial government has provided some lifeline to employees of the troubled North West Transport Investment (NTI). The provincial Transport Management Department says it will pay them in 10 days. Some employees spent the festive season camping outside the provincial legislature in Mahikeng. The government says…
