eThekwini power outage

Stage 6 loadshedding could get worse as Electricity minister doubles down on struggling coal-fired power stations

By Fazila Olla 13-04-23 11:56

Eskom’s announcement on Wednesday that load shedding will be escalated to Stage 6  is a direct indictment of the misplaced confidence in the power utility’s struggling coal-fired power stations by the Minister of Electricity, Kgosientsho Ramokgopa, claims the DA. Ever since his appointment, Ramokgopa has doubled down on the «unreliable» coal stations by suggesting that […]

Stage 6 loadshedding South Africa

Eskom implements Stage 6 loadshedding and warns it could get worse with “difficult winter” ahead for South Africans

By Jenni Baxter 12-04-23 17:56

South Africa’s newly appointed Electricity Minister Kgosientsho Ramokgopa has warned of an “exceptionally difficult winter” if Eskom’s grid remains as constrained as it currently is. The power utility needs approximately 66,000 megawatts to make up for the deficit between demand and supply, if South Africans are to avoid a dark and cold winter. Eskom implemented […]

Gupta brothers extradition update

SA ‘shock’ as request for Gupta brothers extradition is unsuccessful. ‘National embarrassment’ says DA

By Jenni Baxter 07-04-23 15:21

The Minister of Justice and Correctional Services has confirmed with “shock and dismay” that South Africa’s request for the extradition of the Gupta brothers from the United Arab Emirates (UAE) has been unsuccessful. The Guptas – fugitives Atul Gupta and Rajesh Gupta – are alleged to be the masterminds behind the state capture and corruption […]

woolworths mature cheddar

R140-million investment into Africa’s biggest cheese factory, in Bonnievale, sustains hundreds of jobs

By Jenni Baxter 06-04-23 13:08

This week, the Provincial Minister of Finance and Economic Opportunities, Mireille Wenger, and the Western Cape Minister of Agriculture, Dr Ivan Meyer, attended the official opening of the new evaporator dryer power plant facility at Lactalis South Africa’s cheese manufacturing plant in Bonnievale, Western Cape. Lactalis South Africa’s Bonnievale factory is the biggest cheese factory […]

dollar index rose

Foreign exchange: several African countries have a shortage of US dollars – why this happens and how to fix it

By Fazila Olla 06-04-23 11:59

A number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are currently experiencing shortages of US dollars. The dollar is the dominant currency in international transactions. These countries rely on the US currency to pay for foreign debts, essential goods and industrial inputs. Development economist Christopher Adam explains to The Conversation Africa’s […]

Loadshedding in South Africa power cuts

End of Electricity State of Disaster won’t affect solving loadshedding crisis

By Jenni Baxter 05-04-23 18:04

Electricity Minister Dr Kgosientsho Ramokgopa says the withdrawal of the National State of Disaster on Electricity will have no impact on the ministry’s work going forward. The SA government formally withdrew the State of Disaster and its regulations on Wednesday. Ramokgopa said: “The Minister of Electricity continues to be seized with that responsibility of reducing […]

Gauteng IDZ blazes trail in job creation and economic development

Gauteng IDZ sets sights on being the leading economic zone in SA

By Fazila Olla 05-04-23 12:02

The Gauteng Industrial Development Zone SOC Limited (Gauteng IDZ) has set its sights on being the leading economic zone in the country and in Africa. Gauteng Economic Development MEC, Tasneem Motara, on Tuesday said that the IDZ aims to promote job and enterprise development opportunities. Established in 2009, the Gauteng IDZ is mandated to develop […]

SA gears up for 5th Investment Conference

SA gears up for 5th Investment Conference

By Fazila Olla 05-04-23 11:48

The country is gearing up to host the fifth South Africa Investment Conference (SAIC) on 13 April 2023 in Johannesburg. This conference is the final leg of the current investment drive to attract R1.2 trillion over five years. The SAIC attracts delegates from South Africa and the rest of the globe. Last year, the fourth […]

World Travel Market puts African tourism on the map

World Travel Market puts African tourism on the map

By Fazila Olla 04-04-23 11:19

World Travel Market Africa (WTM), the continent’s leading and only B2B exhibition for both inbound and outbound travel and tourism markets, kicked off at the CTICC on Monday. More than 7 000 delegates from over 100 countries, including tourism industry professionals, exhibitors, buyers and media, are currently in Cape Town for three days of trade, […]

two oceans marathon deaths

Cape Town gearing up for an eventful April

By Fazila Olla 03-04-23 12:09

The City of Cape Town has approved 327 events for the year thus far and is gearing up for an eventful April with numerous major events lined up. From major ultra-marathons to a performing arts festival and geek culture convention, eventgoers will be spoilt for choice this April. According to the City’s Mayoral Committee Member […]

Is PRASA using lawyers unlawfully?

Is PRASA using lawyers not on it’s legal panel?

By Fazila Olla 03-04-23 11:50

The Passenger Rail Agency of South Africa (PRASA) has, since early 2021, used law firm De Swardt Myambo Hlahla Attorneys in a number of high-profile cases related to its labour issues, including many legal actions against Martha Ngoye, a whistleblower and suspended head of legal. But De Swardt is not on PRASA’s legal panel, and […]

Tottenham Hotspur and South Africa Tourism

South African Tourism allegedly refuses to cancel Tottenham deal

By Jenni Baxter 03-04-23 09:46

The chairperson of South African Tourism (SAT) Board, Dr Thozamile Botha, has allegedly written to the Minister of Tourism, Patricia de Lille complaining that de Lille cancelled the proposed Tottenham Hotspur sponsorship deal, according to a whistle blower who spoke with the DA’s Shadow Minister of Tourism. Despite the public outcry over the deal, the […]

DA Abroad

Elections 2024 how will it work?

By Fazila Olla 31-03-23 11:31

The Electoral Amendment Bill currently on President Cyril Ramaphosa’s desk proposes major changes to the way we vote. But the Bill has serious flaws and should be referred back to Parliament or to the Constitutional Court. As we head to the 2024 national and provincial elections, the matter is urgent.  The Bill amends the Electoral […]

bus drivers vacancy scam

Consumers warned against Manicaa scam

By Fazila Olla 31-03-23 10:36

The National Consumer Commission (NCC) has warned consumers against transacting with Manicaa, a scam operation online, purporting to be an online business. Acting National Consumer Commissioner, Thezi Mabuza, said the Commission has received several complaints from consumers alleging that they have purchased goods from Manicaa and did not receive their goods. “Others alleged that they […]

SARB interest rate on hold

Interest rate hike: How much more your bond will now cost [table]

By Garrin Lambley 30-03-23 19:17

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) voted to hike interest rates by 50 basis points on Thursday, taking the country’s repurchase rate to 7.75%. The prime lending rate will increase to 11.25%. The changes will come into effect from Friday, 31 March 2023. ALSO READ | DStv price hike: What you’ll pay from 1 April – it’s NO […]

Repo rate remains unchanged

South African repo rate increases to 7.75 percent

By Jenni Baxter 30-03-23 18:41

South African Reserve Bank (SARB) Governor Lesetja Kganyago has announced that the repurchase rate (repo rate) has reached 7.75% after the Bank’s Monetary Policy Committee (MPC) agreed to a 50 basis points increase. As a result, the prime interest rate will now move up to 11.25%. Kganyago announced this at a press briefing on Thursday […]

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