FILE | Ithala bank’s Ndumo branch in KwaZulu-Natal. Ithala depositors have begun flocking to branches designated to pay out their funds in KwaZulu-Natal as government begins the process of releasing funds. The National Treasury has made available up to R2.2 billion to start being paid out this week through FNB branches. Depositors are being sent…
Kia logo About 323 Jeep Wrangler vehicles and 18 600 Kia model vehicles are being recalled. The National Consumer Commission (NCC) has issued an urgent recall notice for the Jeep Wrangler that was sold in 2016 and discontinued in 2018, due to airbag failures and the Kia’s brake malfunctions drive which were sold between…
File image| Numsa members on strike. The National Union of Metalworkers of South Africa (NUMSA) is expected to picket outside the Industrial Development Corporation (IDC) offices in Sandton, Johannesburg, on Tuesday. The labour union says it’s demanding urgent intervention in the ongoing crisis at SA Steel Mills and to address issues at the steel producer…
Nkosana Makate, ‘Please Call Me’ originator, speaking to SABC News. An attempt by Black Rock Mining to temporarily freeze a portion of the ‘Please Call Me’ settlement paid by Vodacom to Nkosana Makate has been dismissed in the High Court in Johannesburg. The court ruled that Black Rock, represented by businessman Errol Elsdon, failed to…
Finance minister, Enoch Gondogwana. Finance Minister Enoch Godongwana says the key message being taken to Davos, Switzerland for the World Economic Forum in January, is that South Africa is ripe for investment and ready to do business. Speaking to the media at a pre-WEF business breakfast, Godongwana said trade negotiations with the United States are…
South African Post Office (SAPO) The Congress of South African Trade Unions (Cosatu) says it wants the Minister of Communications and Digital Technologies, Solly Malatsi, to intervene in the ongoing business rescue process of the Post Bank and Post Office. Cosatu’s Parliamentary Coordinator, Matthew Parks, made a submission on the Medium-Term Budget Policy Statement (MTBPS)…
National Union of Metalworkers (NUMSA) to march to the office of the Presidency in Pretoria. The National Union of Metalworkers (NUMSA) is expected to march to the Office of the Presidency in Pretoria today to demand government’s urgent intervention on the closure of smelters in the country. The union is protesting against the planned job…
File photo: Black Friday sales are expected to attract many shoppers. Black Friday month has proven to have been a success this year, with 934 transactions made per minute on Black Friday and 700 transactions per minute on Cyber Monday. According to the payments operator, PayInc, this performance demonstrates high activity during this period. Vouch.co.za…
Rating agency Moody’s head office building. Moody’s Ratings has kept South Africa’s credit rating unchanged at Ba2 with a stable outlook. It has been noted that South Africa’s ratings, including its Ba2 long-term issuer rating, reflect the country’s low growth potential. This is due to ageing infrastructure, a weak labour market and socioeconomic inequalities that…
File image | MEC for Economic Development and Tourism Ms. Jesta Sidell. The Mpumalanga government says it has strengthened safety measures to ensure the safety of tourists. It has officially launched the Festive Season Tourism Campaign. The aim is to promote the sector, which contributes considerably to the province’s economy. The Economic Development and Tourism MEC…
