1 minute The National Energy Regulator of South Africa (Nersa) says it has rejected Eskom’s 36% tariff increase application. The power utility applied for a substantial increase in August. Nersa says its decision to reject the application comes after consultation with stakeholders. There was widespread criticism of Eskom’s tariff increase application. Eskom had asked for a 36 %…
An aerial view of the soccer stadium and beach front in eThekwini 1 minute President Cyril Ramaphosa has reassured Durban’s business community that the Presidential eThekwini Working Group is making strides to improve service delivery, to create an environment for creating jobs and doing business. The group was set up in February to address pressing…
The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, US, January 16, 2019. 3 minutes Wall Street’s main indexes held on to their gains on Thursday in the run-up to the Federal Reserve’s interest-rate decision, extending a sharp rally sparked by Donald Trump’s stunning comeback…
Pylons carry electricity from a sub-station of state power utility Eskom outside Cape Town in this picture taken March 20, 2016. 2 minutes Political infighting due to coalitions, Eskom debt and financial irregularities at Western Cape municipalities are some of the issues under the spotlight at the South African Local Government Association’s (Salga) annual Provincial…
The Premier of Limpopo at the Ranch Resort for the 4th Limpopo Investment Conference, 2 minutes Limpopo premier Dr Phophi Ramathuba says the 4th Limpopo Investment Conference underway in Polokwane has drawn investors across the globe. Ramathuba says the province has an abundance of natural resources and investment opportunities. She says that the conference also aims…
1 minute Russia is expecting 22 leaders to attend the summit meeting of the BRICS, which accounts for 45% of the world’s population and 35% of the global economy. Livestream:
Half a dozen eggs in tray. 2 minutes Consumer price inflation (CPI) continues on a downward trend and has reached its lowest level in more than 3 years. Data released by Statistics South Africa (StatsSA) shows that the annual Consumer Price Inflation has dropped from 4.4% in August to 3.8% in September. The main positive contributors…
File image: A man holding steering wheel. 1 minute The National Consumer Commission (NCC) has accused car dealerships across South Africa of selling faulty vehicles to unsuspecting consumers. The NCC says disgruntled consumers are increasingly approaching it for assistance after being sold cars by dealerships with defects including odometers that have been tampered with and…
File image: Medical equipment at a hospital. 1 minute Civil society organisation Section 27 says the Mid Term Budget Policy Statement (MTBPS), tabled by Finance Minister Enoch Godongwana on Wednesday, exposed government’s intention of continuing to underfund the health and education sectors. The organisation says the MTBPS was a critical test of the Government of…
Small businesses seen on Vilikazi street in Soweto. 2 minutes Rural young women have been urged to explore entrepreneurial opportunities for self-sustainability and contribution to the economic outlook of rural Eastern Cape. The Dadethu 4th annual event unpacked different categories of life from financial to emotional intelligence. Successful and emerging businesswomen came under one roof…
