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…
Signage is seen outside the Moody’s Corporation in New York. 3 minutes Standard Bank Senior Economist Elna Moolman, says the rating decision by the global credit rating agency, Moody’s was expected. Moody’s decided not to downgrade the country’s credit and keep it unchanged at Ba2 due to strong and independent institutions such as the judiciary…
[File Image]: A suspected illegal miner looks at the entrance of an underground gold mine. 2 minutes Mining expert, David van Wyk says claims by miners that they are being forced into illegal mining is a clear indication that there is a syndicate on the surface at the old mine shaft in Sabie. Around 106…
The logo of state power utility Eskom is seen outside Cape Town’s Koeberg nuclear power plant. 1 minute Eskom says it has saved more than R16 billion in diesel compared to last year. The power utility’s top brass, including the board, appeared before Parliament’s Electricity and Energy Committee to among others, discuss its performance and…
The logo of state power utility Eskom is seen outside Cape Town’s Koeberg nuclear power plant. 1 minute Eskom leadership says the ever-increasing municipal debt is a risk to the entity’s financial sustainability. Municipal debt owed to the power utility is around R10 billion per year. Eskom’s leadership and the board appeared before Parliament’s Committee on…
Credit cards. 1 minute The editor of Mybroadband, Jan Vermeulen has cautioned credit cardholders to be wary of where they use their cards. This follows complaints of fraudulent transactions processed by Facebook. South Africans complain that fraudsters are draining their accounts using Facebook. Vermeulen says Facebook is vulnerable to scammers because it does not request…
