R/€ = 16.61 Change: 0.00
R/$ = 14.78 Change: 0.03
Au 1340.67 $/oz Change: -14.25
Pt 795.23 $/oz Change: -18.86


Sakeliga to further investigate Eskom BEE matter

By: Marleny Arnoldi     13th June 2019 Business organisation Sakeliga has instructed its legal team to evaluate a recommendation by the Broad-Based Black Economic Empowerment (BBBEE) Commission that State-owned power utility Eskom cancel a R4-billion contract awarded to Dongfang Electric Corporation. The commission on Wednesday said... 

Commission finds Eskom failed to comply with BBBEE Act 

By: Simone Liedtke     12th June 2019 The Broad-Based Black Economic Empowerment (BBBEE) Commission has found that State-owned Eskom failed to comply with the BBBEE Act in awarding a tender for the Duvha power station to a Chinese-owned entity. The tender was awarded to Dongfang Electric Corporation, an entity with 0% black ownership... 

Unions demand reinstatement of former CEO of SAA and purge of its board

By: Rebecca Campbell     11th June 2019 The National Union of Metalworkers of South Africa and the South African Cabin Crew Association jointly presented a memorandum to beleaguered State-owned national flag carrier South African Airways (SAA) on Tuesday. The memorandum contained a number of demands. “Should our demands not be met, we... 

Three things to learn from Jarana's exit as CEO of SAA 

By: Bloomberg     4th June 2019 South African Airways’ (SAA's) prospects of surviving in its current form took a hit over the weekend when news broke that CEO Vuyani Jarana quit over a lack of government support. The National Treasury isn’t committing to an agreement to put R21.7-billion toward the State-owned carrier’s 2021... 

Organisations call for strong leadership at SAA following CEO’s resignation  

By: Tasneem Bulbulia     3rd June 2019 The South African Airways Pilots Association (Saapa) has expressed concern about reports that outgoing South African Airways (SAA) CEO Vuyani Jarana’s turnaround plan had been “sabotaged internally and externally”. “In the end, the CEO was hobbled by inflexible and restrictive government policy,... 

SAA's Jarana quits over lack of State support

By: Bloomberg     3rd June 2019 South African Airways (SAA) CEO Vuyani Jarana quit the financially stricken State-owned company, citing a lack of funding and drop in government support for the carrier’s turnaround plan. The former Vodacom Group executive was brought in about 18 months ago to lead a recovery at the airline,... 

South Africans calling for pledges of greater economic growth

By: Simone Liedtke     30th May 2019 Following the appointment of a new Cabinet by President Cyril Ramaphosa on Wednesday night, the country has called for pledges of greater economic growth and commitment to rebuilding the country. The Steel and Engineering Industries Federation of Southern Africa (Seifsa) welcomed the... 

In letter to nation, Radebe says he looks forward to new possibilities

30th May 2019 South Africa's longest-serving Cabinet Minister Jeff Radebe has made the following media statement after not being included in President Cyril Ramaphosa's 28-member executive team. 

Mkhwebane not fit for office – BLSA  

By: Sashnee Moodley     28th May 2019 Business Leadership South Africa said on Tuesday that it had lost trust in Public Protector Busisiwe Mkhwebane and called for her removal, citing her continued lack of objectivity and "egregious character" as problems. BLSA further accused Mkhwebane of politicking and said her “political... 

Public Protector finds Gordhan guilty of 'improper conduct' 

By: News24Wire      24th May 2019 Public Protector Busisiwe Mkhwebane has found Public Enterprises Minister Pravin Gordhan guilty of "improper conduct" over his approval of then-deputy South African Revenue Services Commissioner Ivan Pillay's early retirement and payout. Mkhwebane made the announcement at a media briefing on... 

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