A Ithala Bank stand at an event 3 minutes The legal team of Ithala SOC Limited has argued in the Labour Court in Durban that freezing the bank’s accounts was a deliberate systematic collapse of the bank. This emerged in court during the application for leave to appeal brought by the Repayment Administrator on behalf…
Video Thumbnail: Gauteng MEC Lebogang Maile presents the Gauteng Provincial Budget 1 minute Gauteng Finance and Economic Development MEC Lebogang Maile presents the provincial budget. LIVE STREAM:
Illegal electricity connection cables. 2 minutes The SA Local Government Association (SALGA) has warned that the recently approved electricity tariff increases might lead to illegal connections in different communities. The National Energy Regulator (NERSA) has approved Eskom’s 12.74 % tariff increase for direct customers and 11.32% for municipalities. The increase for direct customers will take…
Gauteng Finance MEC Lebogang Maile addresses the business breakfast at the JSE. 2 minutes Gauteng residents have high expectations of the provincial budget speech. This is as Finance and Economic Development MEC Lebogang Maile is set to table the provincial budget and how it will be spent for this financial year. Gauteng residents have high expectations of…
SAA plane at OR Tambo Airport 3 minutes The Board of Airline Representatives of South Africa (BARSA) and several stakeholders in the aviation sector have committed to grow and improve the industry in South Africa. This follows appeals from various industry leaders for the expedited digitalisation of regulations to ensure the smooth movement of both…
Chickens are seen at a poultry farm. 2 minutes Residents of Ga-Mashashane, outside Polokwane in Limpopo, have welcomed the provincial government’s efforts to revive their local community chicken hatchery project. The Mashashane Hatchery, which was once the largest producer of fresh eggs in the region, is now dormant, with part of its infrastructure vandalised. During…
VBS Mutual Bank. 2 minutes Some minority shareholders of the now defunct VBS Mutual Bank have expressed disappointment over the criteria used by the liquidator to pay back the money to verified creditors and retail depositors. The liquidator has recouped more than R600 million so far, with some of the funds being paid back to…
Consumers making online purchase 2 minutes The Office of the Consumer Goods and Services Ombud says efforts are being made to protect consumers’ rights within the online market space. This was revealed by the organisation’s chief executive officer, Queen Munyai during the World Consumer Rights Day commemoration at the University of Mpumalanga’s Mbombela Campus. The…
A Ithala Bank stand at an event. 1 minute The provisional liquidation application by the Reserve Bank’s Prudential Authority against the Ithala finance agency is expected to be heard in the Pietermaritzburg High Court today. Earlier this month, the KwaZulu-Natal government requested a R2.4 billion loan from the National Treasury. In a statement, the provincial…
Minister Enoch Godongwana delivering the Budget Speech two years ago. 2 minutes Finance Minister Enoch Godongwana says the Democratic Alliance (DA) did not submit or present any proposals to him about the budget. Godongwana tabled the 2025 budget in the National Assembly on Wednesday, where he announced a 0.5 percentage point increase in VAT. This,…
