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Court reserves judgment in Vedanta application against winding up Zambia operations

18th July 2019 Johannesburg's high court has reserved judgment in Vedanta Resources' application for an urgent interim interdict against the Zambian government's appointment of a provisional liquidator to wind up Konkola Copper Mine (KCM) operations. The Indian-owned mining company is challenging Lusaka's... 

Zuma denies insisting Gama be appointed Transnet CEO

17th July 2019 Former president Jacob Zuma denied vehemently that he pushed for Siyabonga Gama to be appointed Transnet CEO in 2009 over Sipho Maseko who was recommended by the Transnet board. Barbara Hogan, a former minister of public enterprises, told the state capture commission of inquiry last year that she... 

Economists expect Reserve Bank to cut repo rate by 25 basis points

17th July 2019 Economists on Wednesday said that they expect the South African Reserve Bank (SARB) to cut the repurchase rate (repo rate) by 25 basis points in a bid to stimulate economic growth. The central bank had forecast in May that South Africa's growth would reach one percent in 2019. The reduction in... 

SOEs in need of expert staff – Gordhan

17th July 2019 South Africa's State-owned enterprises need technical experts to make up three-quarters of their staff, whereas at the moment up to half were administrative support staff, Public Enterprises Minister Pravin Gordhan said on Wednesday. "Three quarters of staff should be experts in each sector we... 

SA university research could lead to glass solar power breakthrough

17th July 2019 Academics from South Africa's University of the Free State (UFS), Professor Hendrik Swart and Lucas Erasmus, are doing joint research with Ghent University in Bel­gium towards developing a new type of window glass which would in effect be a transparent solar panel. The researchers have created a... 

Municipal managers to be hauled before Parliament to explain repeat adverse audits

16th July 2019 Parliament's watchdog on public accounts on Tuesday resolved to haul the accounting officers of municipalities who repeatedly have adverse audit findings made against them before MPs to account for financial mismanagement, corruption and other malfeasance.  

Numsa meeting with auto employers for second round of wage talks

16th July 2019 The National Union of Metalworkers of South Africa (Numsa) said on Tuesday that they were preparing to meet with auto employers for the second round of wage talks after an agreement couldn't be met at their previous meeting. "The wage agreement in the sector has lapsed and we need to negotiate... 

Didiza calls for conversation with land owners

16th July 2019 Agriculture, Land Reform and Rural Development Minister Thoko Didiza on Tuesday called for dialogue with land owners as the department seeks to change historically skewed ownership demographics. Didiza said the department planned to "revitalise" land that was transferred through the state's... 

Good party MP to call on transport minister to address MyCiTi bus issues on the Cape Flats

15th July 2019 Good party secretary-general, Brett Herron on Monday said he will appeal to Transport Minister Fikile Mbalula to intervene in reinstating MyCiTi bus services, suspended for almost two months, to residents of Khayelitsha and Mitchells Plain. He said the City of Cape Town has abandoned almost 6,000... 

Fedusa welcomes appointment of Ivan Fredericks to PIC board

12th July 2019 The Federation of Unions of South Africa on Friday welcomed the appointment of Ivan Fredericks to the Interim Board of Directors of the Public Investment Corporation. Fedusa spokesperson Frank Nxumalo described Fredericks as part of a cohort of prominent worker leaders. 

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