A branch of the VBS Mutual Bank. 2 minutes Former Thulamela Local Municipality Mayor Avhashoni Tshifhango is facing trial in the Polokwane Specialised Commercial Crimes Court in Limpopo today for alleged corruption in the looting and collapsing of the defunct VBS Bank. Tshifhango allegedly received a bribe of a vehicle valued at more than half a…
Ismail Sha studies with a rechargeable lantern for his final examination during one of the frequent power outages, called load-shedding, from South Africa’s struggling power utility Eskom, because of ageing coal-fired power stations, in Cape Town, South Africa, October 25, 2022. 2 minutes Eskom has downgraded its load shedding from stage six to four. This…
Arnot power station 1 minute Electricity Minister Dr. Kgosientsho Ramokgopa says the generation recovery plan although it is aggressive, it’s the right call to make as progress has been seen. This comes as Eskom has implemented Stage 6 loadshedding following 10 units failing at three power stations. These setbacks are coupled with the generation recovery…
A shop left in darkness 2 minutes A clothing shop owner in Vilakazi Street in Soweto says the implementation of Stage 6 loadshedding is already affecting her business negatively. This after Eskom announced the implementation of loadshedding due to multiple unit trips at the Camden Power Station. Agnes Kitavi says the unexpected implementation of Stage…
A pit head is seen at the Tumela platinum mine, an Anglo-American open pit mine located in Thabazimbi, Limpopo Province, South Africa June 9, 2016. 1 minute Anglo American Platinum said it had halted operations at its Tumela mine in South Africa on Thursday after excessive rains caused flooding, though the company maintained its production…
A Ithala Bank stand at an event. 1 minute The Inkatha Freedom Party (IFP) will today be protesting against the possible liquidation of Ithala Bank in KwaZulu-Natal. The protest is set to take place at the Durban City Hall. The IFP along with other political parties have condemned the Prudential Authority’s plan to liquidate the…
Sun City Resort in North West. 2 minutes Over a hundred Australian and New Zealand trade and media representatives crisscrossed the country for SA Tourism’s Mega Lekker Escape. The flagship event exposed the tourists to immersive itineraries across South Africa, culminating in a two-day visit to The Palace of the Lost City at the world-renowned…
A petrol station is seen in Soweto. 1 minute South African petrochemical firm, Sasol, opened a new tab on Monday and skipped paying a dividend after reporting a 31% decline in half-year profit on a fall in oil prices and lower sales volumes. Sasol’s headline earnings per share for the six months to December 2024…
G20 Foreign Ministers’ Meeting at Nasrec Expo Centre in Johannesburg on February 20, 2025. 1 minute The Finance Track four-day meetings of the G20 will start in Cape Town today. The meetings will take place after the unprecedented postponement of the tabling of the budget to March 12. The postponement has raised concerns over the…
Spaza shop 1 minute The Minister of Cooperative Governance and Traditional Affairs (CoGTA), Velenkosini Hlabisa says of the more than 80 000 applicants to register spaza shops, just over 2 500 foreign nationals were approved to run spaza shops. This is contained in a written Parliamentary reply. These figures are from when applications were received…
