A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, October 17, 2022. 3 minutes The S&P 500 and the Nasdaq dipped on Friday as fears over high interest rates next year loomed, although a cooler-than-expected inflation report kept losses in check. A Commerce Department report…
Crime graphic. 1 minute Sasol has advised communities across South African towns and cities to be vigilant to avoid becoming victims of opportunistic criminals during the festive season. Petrol stations are particularly at risk at this time of the year. The company recently hosted its annual Safety Day across its network of petrol stations. Sasol’s…
Passengers queue as they make their way to different destinations. 2 minutes Airports are experiencing their highest passenger influx of the year, with the Airports Company South Africa (ACSA) expecting more than 20 000 travellers to pass through South African Airports this Friday. The company operates nine airports including Cape Town International, King Shaka International…
Volkswagen AG 2 minutes Volkswagen neared a deal with labour leaders in the company’s longest negotiations over pay and jobs, sources said on Friday, but the final outcome was still uncertain as Europe’s largest carmaker tries to push through cuts and avert mass strikes. Volkswagen has been in talks with labour representatives since September over…
FILE PHOTO: Workers renovate an electricity pylon. 1 minute Electrical companies that the eThekwini Metropolitan Municipality in KwaZulu-Natal has contracted are threatening to down tools on Monday should the municipality fail to pay them. Some of the contractors claim that the municipality has not paid them for over four months. Bandile Sibiya is president of…
Tourism Minister Patria De Lille addresses those in attendance during a Summer Campaign Road Show at the Apartheid Museum in Ormonde, Johannesburg. 2 minutes Tourism Minister Patricia de Lille says she plans to diversify South Africa’s tourism industry this festive season. She was speaking during the Summer Campaign Road Show at the Apartheid Museum in…
A transformer in South Africa. 2 minutes Electricity contractors who are employed by the eThekwini Municipality in KwaZulu-Natal are threatening to down tools on Monday should the city fail to pay them. Some of these contractors claim that they have not been paid by the municipality for over four months. They gathered outside the Durban…
Eskom’s CEO Dan Marokane. 1 minute Eskom has announced a net loss of R25. 5 billion before tax. Eskom chair Mteto Nyati says this is an improvement from the R34. 6 billion loss in the 2023 financial year. The power utility released its financial results on Thursday. Eskom is facing mounting debt levels compounded by…
Gauteng Finance and Economic Development MEC Lebogang Maile briefs the media on spaza shop registrations on 19 December 2024. 2 minutes Gauteng Finance and Economic Development MEC Lebogang Maile says they’ve issued over 25 000 registration forms to spaza shop owners and of that number, more than 10 000 have submitted the forms. Maile was…
South African National Defence Force members. 2 minutes The Public Service Commission (PSC) has revealed that the Department of Defence has topped the list of offenders with late payments of supplier invoices totalling R348 million. While it was an improvement from the previous quarter, only 19 national departments out of 42 fully complied with legislation…
