Electricity pylons. 2 minutes The Gauteng leg of public hearings by the National Energy Regulator of South Africa (Nersa) has seen strong opposition to the proposed 36% Eskom tariff hike. The power utility has applied for a 36% increase for the 2025/2026 financial year. It is also requesting 11 and 9% increases for the two…
Passengers board a South African Airways plane at the Port Elizabeth International Airport in the Eastern Cape province. 1 minute The South African Airways Pilots Association, the National Transport Movement and SAA management are continuing negotiations on outstanding issues. The parties are reported to have agreed on a 9.47% wage settlement this morning. The association…
Shaft 10 exit used by illegal mineworkers to emerge from underground. 2 minutes Illegal miners at Shaft 11 at a mine in Stilfontein in the North West will no longer be provided with food and water at weekends. That’s according to the provincial police spokesperson, Adele Myburgh. The number of illegal miners that are still underground remains unknown….
Bitcoin 5 minutes Bitcoin catapulted above $100 000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly US administration to cement the place of cryptocurrencies in financial markets. Once it broke $100,000 in Thursday’s Asian morning, boosted by US President-elect…
Minister Kgosientsho Ramokgopa speaking at an event. 1 minute Electricity Minister Kgosientsho Ramokgopa has promised to work with ailing municipalities in the country to deal with their debt to Eskom. The minister visited Tokologo Local Municipality in Boshof in the Free State to address municipal debt issues. The municipality owes the power entity R328 million….
A graphic depicting insurance 3 minutes South African Reserve Bank (SARB) Governor Lesetja Kganyago has emphasised that the insurance industry must seek to strengthen societal resilience amid growing environmental and technological insurance related risks. Delegates at the International Association of Insurance Supervisors (IAIS) Annual Conference in Cape Town heard that cyber security and climate change…
RAF head at a briefing 3 minutes A war of words is playing out in public between the Road Accident Fund (RAF) and a legal practitioner. RAF CEO Collins Letsoalo says the RAF is a victim of a media campaign orchestrated by some legal practitioners, academics and journalists after they failed to capture the fund….
Eskom’s CEO, Dan Marokane. 1 minute Eskom’s top brass says they are confident that the festive season and even next winter will be without any load shedding. The utility’s top management and board members briefed Parliament’s Electricity and Energy Committee on its performance and its finances for the 2024/25 financial year. According to Eskom management,…
South Africa’s Tiger Brands’ peanut butter manufacturing facility is pictured in Krugersdorp, West of Johannesburg. 4 minutes Food price inflation boosted revenue at Tiger Brands with revenue rising 1% to R37.7 billion, up from the previous year. But this was partially offset by a 6% decline in sales volumes. The packed goods company says its…
SAA plane 1 minute South African Airways (SAA) pilots have reportedly declared plans to embark on a strike tomorrow over a wage dispute. The airline revealed that the South African Airways Pilots Association initially tabled a 30-percent wage increase demand when negotiations started in May. However, the Association has since reduced its wage demand to…
