Spar profits rise amid a tough economic environment

A company logo for the South African supermarket chain SPAR Group is seen on a trolley outside a store in Johannesburg, South Africa, June 7, 2022. 2 minutes Retailer Spar reported a rise in annual profit, amid a trading environment marred by inflationary pressures. The retailer says the trading environment across its territories continues to…

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CIPC to deregister over 500 000 companies for non-compliance

CIPC Commissioner Advocate Rory Voller 2 minutes The Companies and Intellectual Property Commission (CIPC) is set to deregister over 500 000 companies and close corporations for failing to file Annual Returns and Beneficial Ownership declarations. The CIPC is responsible for maintaining an up-to-date register of companies and close corporations. In a statement, the business regulator says this follows…

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Generation Recovery Plan continues to show promising outcomes: Eskom

Eskom power lines. 1 minute Eskom says the Generation Recovery Plan continues to show promising outcomes, with load shedding successfully suspended for over eight months since March 26. The power utility says this achievement is attributed to ongoing structural enhancements in the coal-fired fleet, which are driving economic growth and bolstering energy security. Eskon’s spokesperson…

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Mashatile highlights Global South wealth opportunities

Deputy President Paul Mashatile. 2 minutes Deputy President Paul Mashatile says there is a wealth of opportunities for the Global South countries. He was delivering the valedictory speech at the end of the two-day annual Cape Town Conversations, a conference hosted by the Thabo Mbeki Foundation and the Observer Research Foundation. The event, taking place…

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Former Eskom senior France Hlakdui’s fraud case postponed

1 minute The case against former Eskom senior manager, France Hlakudi, has been postponed to January 2025 for further trial. He appeared before the Pretoria Regional Court yesterday on tax fraud charges amounting to approximately R30 million. In the period between 2015 and 2018, it’s alleged that contractors and subcontractors to Eskom paid money to…

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Users illegally bypassing pre-paid meters will be fined: Ramakgopa

Electricity and Energy Minister Dr. Kgosientsho Ramokgopa addresses the media on November 20, 2024. 1 minute Electricity and Energy Minister  Dr. Kgosientsho Ramokgopa says that those who have been consuming electricity illegally by bypassing their pre-paid meters have until next month to comply. This follows Eskom’s completion of a meter recoding process at the weekend…

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