A Ithala Bank stand at an event. 2 minutes The Inkatha Freedom Party (IFP) says it hopes that the KwaZulu-Natal government will move to save the Ithala Bank. The provincial Economic Development Portfolio Committee has also pledged to back the bank in its effort to fight against liquidation. The IFP has vowed not to allow…
3 minutes Helping to retrieve illegal miners from underground may have been a heroic act, but it has landed Mzwandile Mkwayi in hot waters with the Correctional Services Department. The department says he broke the terms of his parole by conducting media interviews without authorisation. He and Mandla Charles are the two volunteers who went…
3 minutes Legal experts have advised companies to adapt to the Companies Amendment Act, which was signed into law late last year. Cliffe Dekker Hofmeyr hosted a webinar earlier this week to explain the new amendments. The Act focuses on the ease of doing business by clarifying, simplifying and strengthening certain sections of the law. Operational…
Members of the South African police, patrol as they guard the mine shaft where rescue operations are ongoing as attempts are made to rescue illegal miners who have been underground for months in Stilfontein, South Africa, January 14, 2025. 4 minutes The 2022 Policy on Artisanal and Small Scale Mining is insufficient to deal with…
1 minute The South African Express Parcel Association has warned that criminals have found new opportunities to target unsuspecting online consumers. It says an increase in online shopping has created more potential victims. The association’s CEO Garry Marshall has urged consumers to remain vigilant. “So if you think about what they’re after, what we’re talking…
Police surround a cage that was lowered underground to retrieve illegal miners at Stilfontein in the North West in this image captured on 14 January 2025. 2 minutes Non-governmental organisation, Bench-Marks Foundation, has attributed the escalation of illegal mining in the country to what it terms government’s failure to formalise artisanal mining. This follows the deaths of 78 illegal miners at…
Government officials meeting with steel company ArcelorMittal. 1 minute ArcelorMittal Chief Executive Officer Kobus Vester says apart from low demand, the business faces a number of challenges which include electricity cost pressures, railway issues, tax, competition from cheap imports and employee compensation. This is as 3 500 workers stand to lose their jobs after ArcelorMittal…
A worker grinding metal at a factory 2 minutes Government says a multi-disciplinary team of departments is engaging with ArcelorMittal management to seek a solution to the looming job losses. This after the steel producer announced plans to shut down its operations in Newcastle in KwaZulu-Natal and Vanderbijlpark in Gauteng. Following a meeting with the…
A Ithala Bank stand at an event. 1 minute Government has assured retail depositors of Ithala that their money is protected in the process to winding the state-owned financial entity. The Reserve Bank’s Prudential Authority has filed papers in the High Court in Pietermaritzburg for the provisional liquidation of the bank. Ithala believes the move…
FILE: An illegal miner 1 minute The WesVaal Chamber of Business in Klerksdorp in the North West has advised local residents to focus on exploring other avenues for survival rather than illegal mining. This comes after some residents called on government to make the formalisation of artisanal mining its priority. Seventy-eight bodies of illegal miners…
