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B4SA hails appointment of envoy to better US-SA relations

Mcebisi Jonas gestures ahead of the Judicial Commission of Inquiry probing state capture in Johannesburg, South Africa August 24, 2018. 1 minute The alliance of business leaders, Business for South Africa (B4SA), has hailed the appointment of a special envoy to the US as a crucial step towards improving relations between South Africa and America….

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Godongwana holds final say on VAT hike decision: Maswanganyi

Tax-related material on a desk. 1 minute Chairperson of the Standing Committee on Finance in Parliament, Joe Maswanganyi, says the decision to implement the proposed 0.5% Value Added Tax (VAT) increase rests solely with Finance Minister Enoch Godongwana. The proposed increase has drawn disagreement from members of the Government of National Unity (GNU). If implemented,…

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New ship-to-shore crane at PE Port to enhance operational efficiency

Transport Minister Barbara Creecy 3 minutes The Minister of Transport Barbara Creecy says the new ship-to-shore crane at the Port Elizabeth container terminal will enhance operational efficiency and competitiveness in an increasingly interconnected global economy. Creecy was speaking during the launch of the crane, which is part of a R3 billion fleet renewal programme investment,…

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UNTU rejects Transnet’s 17.5 % wage offer

A Transnet locomotive seen on a track. 2 minutes Job security is one of the main issues dividing Transnet management and the United National Transport Union (Untu). The two parties met on Monday morning to resolve their wage dispute under facilitation by the Commission for Conciliation, Mediation and Arbitration (CCMA). Untu, a majority union at…

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Eskom stabilises grid as it prepares for harsh winter

Matla Power Station in Mpumalanga. 2 minutes Eskom is conducting high levels of planned maintenance in anticipation for high demand for the coming winter season. According to a statement released on Friday, 11 April, the power utility says 14.85% of its generating capacity is offline for planned maintenance. “The high level of planned maintenance aims…

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Battered dollar drifts lower on tariff nerves

[File image] 4 minutes The dollar drifted lower on Monday after an early bump off a three-year low, as investor confidence in the world’s reserve currency remained in question following a stream of tariff-related pronouncements from US President Donald Trump. Investors braced for another volatile week as Trump’s imposition and then abrupt postponement of tariffs on…

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Asian tech stocks bounce back after Trump tariff exemptions

FILE PHOTO: The Foxconn logo is seen on a glass door at its office building in Taipei, Taiwan 2 minutes Shares in Asian tech companies that are major suppliers to companies like Apple rose on Monday after the US government granted temporary exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from…

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