PREMIUM!
Steep rise in civil construction tender activity ‘encouraging’
The nominal estimated value of civil construction projects out to tender was up by 38.6% on a year-on-year basis in the second quarter.
PREMIUM!
Wall St suffers worst losses of 2019 on US-China trade war
Stocks pushed lower and went lower still after Chinese media reported that Chinese firms have stopped buying US farm produce.
PREMIUM!
Politics essential in restoring confidence in SA’s economic prospects
The corruption and mismanagement that characterised the Zuma presidency sucked confidence out of the economy, and South Africa’s GDP growth has stagnated.
This comes days after Eskom announced a more than R20 billion net loss in the last financial year.
PREMIUM!
Competition Tribunal makes history as first black female chairperson appointed
Following her appointment by President Cyril Ramaphosa as the new chairperson, Mondo Mazwai will lead the Competition Tribunal from Thursday August 1.
The price of diesel 0.05% sulphur will decrease by 13.29 cents and that of diesel 0.005% sulphur will go down by 14.29 cents per litre.
PREMIUM!
Not much to show from commitments made at Jobs Summit

Not much to show from commitments made at Jobs Summit

After it promised over 250,000 jobs annually, government apparently got too distracted by the elections to follow through.

Personal Finance Car renter, beware!

Consumers should think long and hard before hiring a vehicle.

Business News Sanral to issue road construction tenders worth R40bn

Could help lift the construction sector out of the doldrums if done right.

Business News Denel employees could be in trouble with Sars

State-owned arms manufacturer accused of not paying payroll deductions over to the relevant bodies.

Business News Eskom’s turnaround will not happen in 18 months – experts

That target is unrealistic and over-optimistic, energy experts agree, with one saying it could take up to 10 years to get the utility back on track.

Three top executives placed on suspension at Sars

The Nugent inquiry’s recommendations are continuing to be implemented.

Personal Finance ANALYSIS: Did poor people lose money in VBS bank’s collapse?

The South African government’s guarantee of up to R100,000 per depositor means the answer is less clear than it might seem.

Business News Denel to pursue legal action against former bosses to recover losses

The SOE’s CEO says the entity has initiated several forensic investigations into alleged fraud and misappropriation of funds.

Business News Old Mutual could be in contempt of court, says Moyo’s lawyer

Moyo pitched up for work on Wednesday morning despite the company suggesting they will not yet accept his return as CEO.

Business News Solidarity serves court papers to force Denel to pay unemployment insurance levy

The move follows the announcement that Denel could only pay a certain portion of its employees’ salaries for June and July.

Business News Used vehicle price increases at a 5-year low

The South African car market continues to struggle as financially stretched consumers increasingly opt for older cars at lower price points.

Business News Future of coal industry in SA is bright – Minerals Council SA

‘The coal sector remains key to the country’s development and industrialisation,’ Minerals Council spokesperson Charmaine Russell said.

Business News Eskom in a ‘death spiral’ but somehow still on ‘right track’ – outgoing CEO

‘If government had to give us R100 billion, in a few years’ time we would be back to where we were,’ Hadebe said.

Business News Old Mutual ordered to reinstate CEO Peter Moyo

The court ordered for him to be temporarily reinstated and ordered the company to pay for his legal fees.




 

 

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