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Rustenburg communities want ConCourt to set aside Sibanye's Lonmin takeover

19th July 2019 The Greater Lonmin Community (GLC) have approached the Constitutional Court seeking leave to appeal and set aside the acquisition of platinum mining company, Lonmin by Sibanye-Stillwater.  The GLC is a not-for-profit organisation representing various affected communities of Rustenburg, such as... 

City's business plan to take over passenger rail service in Cape Town approved

19th July 2019 A business plan has been approved to incrementally take over the management of the failing rail network in Cape Town, Mayor Dan Plato said. Speaking at the Integrated Urban Transformations South-South Knowledge Exchange, hosted by the City of Cape Town this week, Plato said that over the last few... 

Nehawu 'disappointed' by government's intent to cut 30 000 public service jobs

18th July 2019 The National Education, Health and Allied Workers' Union said on Thursday it was disappointed by the department of public service and administration's intent to cut more than 30 000 jobs. Public service and administration minister Senzo Mchunu said the department would open an opportunity for... 

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... 

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