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Appointment of new Eskom CEO a priority - Minister Brown

15th December 2017 Public Enterprises minister Lynne Brown said on Friday that the process of appointing a new permanent group chief executive for power utility Eskom was "a priority" and that the finalization of the investigation into suspended executives was of "paramount importance". This comes as news... 

Court rejects Zuma's bid to review State capture report

13th December 2017 The High Court in Pretoria on Wednesday ruled that Chief Justice Mogoeng Mogoeng will select the judge to preside over the State capture commission of inquiry ordered by former public protector Thuli Madonsela. "The President [Jacob Zuma] is directed to appoint a commission of inquiry within 30... 

Decreasing employment in South Africa a sign of ‘deeply troubled economy’ – Seifsa

13th December 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Tuesday that South Africa’s employment statistics showed signs of a “deeply troubled economy” and was a serious cause for concern. This comes after Statistics South Africa released its Quarterly Employment... 

CGS discovers fresh water resource in Beaufort West

13th December 2017 An unprecedented discovery of a fresh water resource has been found in Beaufort West, Western Cape, the Department of Mineral Resources said on Tuesday.  According to the department, the resource was discovered by the Council for Geoscience (CGS), a statutory science council reporting to the... 

Siemens to build two gas-powered electricity plants in Libya

12th December 2017 Germany’s Siemens says it has signed contracts worth some €700-million ($824-million) to build two gas-powered electricity plants in Libya, AP reports. The plants are to be constructed in Misrata and Libya’s capital Tripoli, according to the Munich-based industrial conglomerate. 

DTI to probe Steinhoff compliance with companies law

12th December 2017 South Africa’s trade and industry department said on Tuesday it would launch an investigation into the alleged governance failures and financial irregularities at retailer Steinhoff, to determine any non-compliance with the Companies Act and Regulations. “The Department of Trade and Industry and... 

Metrorail must provide alternative transport for Cape Town commuters – Sanco

12th December 2017 The South African National Civic Organisation (SANCO) on Tuesday called on rail service provider Metrorail to provide alternative transport for commuters left stranded by the suspension of its service on the key Central Line in Cape Town. The civic organisation said that the inconvenience and... 

DA consulting lawyers on legality of energy blueprint

11th December 2017 The Democratic Alliance said on Monday it was taking legal advice on the approval of government’s new Integrated Resource Plan (IRP), which envisions nuclear procurement. Democratic Alliance energy spokesperson, Gavin Davis, said the apparently rushed approval of the policy blueprint with no... 

Metal workers union continues strike action at Agni Steel in South Africa

11th December 2017 Liberated Metalworkers Union of South Africa (Limusa) said on Monday that it will proceed indefinitely with its strike at Agni Steel South Africa in Port Elizabeth due to protracted wage negotiations that started in 2016 with the company. This comes as the protected industrial action entered a... 

Brimstone says subsidiary Sea Harvest in acquisition talks

11th December 2017 South African investment holding company Brimstone said on Monday its subsidiary Sea Harvest had entered into negotiations to acquire the entire fishing business of Viking Fishing. Brimstone, which has a 54.9% stake in Sea Harvest, said a consortium of broad-based black economic empowerment... 

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