The City of Joburg says it will be excluding key customers, essential services and some businesses from loadshedding, DETAILS: ​The City of Joburg says it will be excluding key customers, essential services and some businesses from loadshedding in an effort to protect livelihoods, attract investments and increase the economy within the City, where network configurations allow. […]

Several controversial figures were reportedly interviewed for the Eskom CEO post earlier this month, replacing Andre De Ruyter. As Eskom continues battling to keep the lights on, the power utility is, at the same time, on the hunt for a new Group CEO. Eskom announced Calib Cassim as its Interim Group Chief Executive Officer after […]

China is an important economic player in Africa. In 2021 alone, China accounted for nearly US$5 billion in foreign direct investment in African countries. The rapidly increasing Chinese presence across Africa has become a contentious issue both for Beijing and African governments. In particular, mega projects funded by China have resulted in public controversies about […]

Eskom announced that Stage 6 load shedding will be implemented from 16:00 until 5:00 until further notice. National power utility Eskom will implement Stage 6 load shedding on Monday, 29 May. Delays in returning generation units to service was cited as the reason for the escalation in the severity of the power cuts. READ MORE: Andre de […]

The powers given to the Minister of Electricity, Kgosientsho Ramokgopa can be viewed as a platform to herald innovation… writes Godfrey Sigwela. Ramokgopa would be able to apply and display what made him be appointed the Minister of the country’s most limited resource, electricity. Already the Minister has mentioned his intention to apply sophisticated technology […]

Companies with the biggest market capitalisation in 2023 that have a significant impact on the South African economy. The top 10 companies with the biggest market capitalisation at JSE in 2023 are all major players in their respective industries and have a significant impact on the South African economy. The Johannesburg Stock Exchange (JSE) is the largest […]

Since Russia’s invasion of Ukraine in February 2022 South Africa has proclaimed a policy of non-alignment in that conflict. This position was placed in doubt when US Ambassador Ruben Brigety claimed recently that he had evidence that South African arms and ammunition were loaded on a Russian ship in December 2022. Brigety concluded that South […]

Flight price hikes on the way? Well, the DA thinks so as the aviation fuel levy was reportedly increased without consultation. The Democratic Alliance (DA) says it is concerned about the consequences of a proposed newly increased aviation fuel levy, particularly its impact on airlines, charters, and passengers. The amendment to the South African Civil Aviation […]

Eskom is expected to implement Stage 4 and 5 load shedding over the coming week. Stage 4 will be implemented during the day with Stage 5 between 4pm and 5am. By Sunday afternoon some 18 144MW of generating capacity was offline due to breakdowns and maintenance outages rendered at least 3427MW offline. “Over the past 24 […]

President Cyril Ramaphosa has congratulated Turkish President, Recep Tayyip Erdoğan, after he was re-elected to office in a runoff election. Erdoğan has been President of the European country since 2014. “Türkiye held its presidential and parliamentary elections on 14 May 2023, followed by a runoff in the presidential election on Sunday, 28 May 2023. President […]

Negotiations will go to a fourth round in June after NUM, NUMSA, and Solidarity rejected Eskom’s latest wage offer. Eskom and its three recognised trade unions – NUM, NUMSA and Solidarity – wrapped up the third round of salary negotiations on Thursday, 25 May. All unions rejected the power utility’s latest offer. READ: Prepare for more […]

One repeated theme of the memoir Truth to Power: My Three Years Inside Eskom, by Andre de Ruyter, former CEO of South Africa’s troubled power utility, Eskom, is that “negligence and carelessness had become cemented into the organisation”. Dirt piled up at even the newest power stations until it damaged equipment, which stopped working – […]

The South African Reserve Bank’s Monetary Policy Committee (MPC) has hiked the repurchase rate (repo rate) by 50 basis points to 8.25%. The increase means that the repo rate will now be 8.25% per year from 26 May 2023, with prime now at 11.75%. This was announced by South African Reserve Bank (SARB) Governor Lesetja […]

One repeated theme of the memoir Truth to Power: My Three Years Inside Eskom, by Andre de Ruyter, former CEO of South Africa’s troubled power utility, Eskom, is that “negligence and carelessness had become cemented into the organisation”… writes Keith Gottschalk, University of the Western Cape. (Read full synopsis at bottom of article.) Dirt piled […]

Moët Hennessy Louis Vuitton (LVMH) CEO Bernard Arnault, the world’s richest man, lost $11.2 billion (R216 billion) in 24 hours this week. ALSO READ | Elon Musk: Did you know he is a father of 10? However, the 74-year-old Frenchman is still wealthier than South Africa-born Elon Musk. Musk remains the second richest man in the world with […]

The inflation statistics revealed by StatsSA on Wednesday are not merely numbers – they are glaring symptoms of an unrelenting cost of living crisis gnawing at the core of South African households, according to the DA. DA Shadow Minister of Finance Dr Dion George says the official inflation rate, which surpassed 6.8% on a year-to-year […]

The Road Accident Fund (RAF) is refusing to hand over crucial documents required in a court challenge by the Law Society of South Africa (LSSA) and the National Council of and for Persons with Disabilities (NDPD) against drastic changes to what the fund will pay road accident victims. The Law Society of South Africa and […]

Cape Town Mayor Geordin Hill-Lewis has concluded a signing agreement to make Cape Town and Nairobi sister cities, with a shared mission to be the ‘undisputed economic hubs’ of their respective regions on Tuesday. The ceremony took place in Nairobi with the Governor of Nairobi City County Johnson Sakaja in attendance. Mayor Hill-Lewis was adamant […]

Reuters: The South African Rand strengthened on Monday amid relief that South Africa’s credit rating was not downgraded and bets on a large interest rate hike, with a central bank announcement the main focal point of the week. SOUTH AFRICAN RAND STRENGTHENED At 1001 GMT, the rand traded at 19.2500 against the dollar, about 1.08% […]

An indigenous South African plant, the Agapanthus Blackjack, has been named the Plant of the Year at the prestigious Chelsea Flower Show in London, UK! Andy de Wet, who has been instrumental along with Quinton Bean in producing the plant, announced on Facebook: “WE WON!!!! Agapanthus BLACKJACK! Plant of the year at the Chelsea Flower […]

A trading account is necessary for investors and traders who want to participate in the financial markets. It lets you buy and sell stocks, bonds, options, and other financial instruments. With so many different trading accounts available, choosing the right one for your needs can be overwhelming. In this article, we will discuss the different […]

One of the biggest challenges that business owners face is budgeting for future investments and ensuring that the company has enough money. Running a company is no easy feat. Just ask any new entrepreneur who had to neglect their social life in order to stay late at work and take care of the paperwork. It […]

Tourism body warned that this would threaten species and actually lose money for the Zambian economy. Excavation for a vast open cast copper mine in the heart of the Lower Zambezi National Park has begun. The bulldozers’ move into Zambia’s pristine wildlife sanctuary and famous tourist attraction follows a decade-long fight by activists trying to […]

Infrastructure-led development is one of the main focus in Africa. The African Union’s flagship Agenda 2063 initiative prioritises it. Infrastructure-led development is one of the main focus in Africa. The African Union’s flagship Agenda 2063 initiative prioritises large-scale infrastructure development and promises to “link the continent by rail, road, sea and air”. This is being […]

Those South Africans in debt are set to face further pain later this week with interest rates wildly expected to be hiked. Those South Africans in debt are set to face further pain later this week with interest rates wildly expected to be hiked. WIN | SOCCER QUIZ | FIVE simple answers could win you R500 […]