SA to use G20 Presidency to improve debt restructuring

National Treasury’s Director-General, Duncan Pieterse addresses the G20 finance and central bank deputies meeting on December 11, 2024. 1 minute South Africa says its G20 Presidency will seek new ways to improve debt restructuring and support countries with liquidity challenges. The G20 established the Common Framework for Debt Treatment in 2020, to assist poor indebted…

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Cosatu expresses doubt on Post Office business rescue decision

Parliament’s Committee on Communications and Digital Technologies conduct oversight visit at the Post Office in Flagstaff, Eastern Cape on October 9, 2024. 2 minutes The Congress of South African Trade Unions (Cosatu) has expressed doubts on whether the money spent on rescuing the Post Office was worth is. The state-owned enterprise’s business rescue process has…

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FlySafair demands refund from ACSA following flight delays

File image: FlySafair plane in the air. 2 minutes Low cost airline, FlySafair is demanding a refund from the Airports Company South Africa (ACSA) for passenger charges. This follows heavy delays that refuelling issues caused on Monday. The airline has condemned the incident. It says the the chaotic scenes resulting from a three-hour fuel disruption…

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Refueling aeroplanes problem creates delays at O.R. Tambo

Aeroplanes at O.R. Tambo International Airport 2 minutes Airports Company South Africa (ACSA) says it has managed to resolve the issue of aircraft refueling. Early on Monday,  ACSA released a statement stating that airlines at the O.R. Tambo International Airport in Gauteng were unable to refuel their aircraft resulting in many flight delays. This comes…

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North West loses millions to illegal gambling: Report

A person playing poker at a casino 3 minutes The North West province is losing more than R10 million annually to illegal gambling, a significant blow to the local economy. According to a report by the Financial Intelligence Center, the illegal gambling industry prevents the government from collecting taxes and levies, which could otherwise be…

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South African Airways pilots suspend strike

Passengers board a South African Airways plane at the Port Elizabeth International Airport in the Eastern Cape province. 1 minute The South African Airways Pilots Association (SAAPA) and National Transport Movement have suspended their strike pending further negotiations. This comes after reaching a conditional agreement with SAA management this morning. Pilots will return to work…

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Property experts welcome Deeds Registries Amendment Bill

Newly constructed homes. 1 minute Conveyancers and property experts have welcomed the Deeds Registries Amendment Bill which has recently been signed into law by President Cyril Ramaphosa. Government says the move seeks to enhance, create ease and uniformity in the deeds registration processes. The legislation is also expected to result in the modernisation of the…

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