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…
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…
Two gold pots with gold coins in them illustrating the two-pot retirement system. 1 minute The Financial Sector Conduct Authority (FSCA) says it expects the cost of implementing the two-pot retirement system to increase by R300 million annually. The FSCA has put the cost since the implementation of the system on September 1 at R1.6…
SA currency notes and coins. 2 minutes Eastern Cape Finance MEC Mlungisi Mvoko has delivered the province’s Medium-Term Policy Statement involving over just R700 million. The policy statement was delivered in the provincial legislature in Bisho. While the statement was wildly welcomed, opposition parties in the legislature believe Mvoko could have used the opportunity to…
Banknotes of Chinese yuan and US dollar are seen in this illustration picture 3 minutes A pledge by President-elect Donald Trump to impose tariffs on products from Canada, Mexico and China sent their currencies lower against the dollar on Tuesday, renewing the specter of trade wars and fanning uncertainty in other currency pairs. Trump said that on…
South African Airways planes seen parked 1 minute A study conducted by Oxford Economics Africa reveals that South African Airways’ survival is crucial to the local economy. The study shows that SAA’s total economic contribution is projected to grow to R22.6 billion by 2029/30. Last week the airline announced that it has posted its first…
[File Image]: Gold miners work deep underground at Sibanye Gold’s Masimthembe shaft in Westonaria, South Africa, April 3, 2017. 1 minute The Tshiamiso Trust has called on former gold mineworkers and their families to verify their eligibility for compensation due to permanent lung damage from silicosis or work-related tuberculosis (TB). The trust manages claims for…
AG Tsakani Maluleke 2 minutes Auditor General Tsakani Maluleke says there has been an improvement in the audit outcomes of national and provincial departments for the 2023/24 financial year. Maluleke was briefing a joint meeting of parliament’s finance chairpersons on Tuesday. While there has been a general improvement in audit and accounting processes, she has…
File image: An e-tolls gantry on a Johannesburg road in the evening. 1 minute Gauteng Economic Development MEC Lebogang Maile says the cost of servicing the e-tolls debt has severely affected the province’s budget. He says despite this the budget is fairly healthy. Maile delivered Gauteng’s medium-term budget in the provincial legislature yesterday. He says,…
The inside view of a spaza shop on Alexandra Road in Pietermaritzburg in KwaZulu-Natal during a joint compliance visit and inspection by Fidelity ADT and the SAPS on 14 November 2024. 1 minute The Township Economic Commission of South Africa (TECSA) has issued a warning to citizens allegedly registering tuck shops on behalf of undocumented…
