South Africa Takes Immediate Measures to Mitigate Drought

By SAPeople Contributor 04-12-19 11:18

As parts of South Africa continue to experience the effects of a severe drought, Human Settlements, Water and Sanitation Minister Lindiwe Sisulu has announced immediate and long-term measures to mitigate the resulting risks. Parts of the country have been devastated by the lengthy drought. These photos here were posted this weekend, taken in the Great […]

petrol prices go up south africa

Petrol Price Set to Rise in South Africa Tomorrow

By SAPeople 23-01-21 00:38

Motorists will have to dig even deeper into their pockets at the pumps, as South Africa’s petrol price is set to go up by 22 cents a litre tomorrow, 4 December 2019. The Department of Mineral Resources and Energy announced a 22 cents increase in both grades of petrol, namely 93 (ULP and LRP) and […]

ford kuga south africa

Ford Fined R35-Million for Ford Kuga Debacle

By SAPeople 30-11-19 14:37

The Ford Motor Company of South Africa (FMCSA) has been fined an administrative fine of R35 million for the incidents in which the company’s Kuga 1.6 model caught fire. “After an intensive investigation, the National Consumer Commission, (the NCC) found that FMCSA had in fact engaged in prohibited conduct by distributing FMCSA Kuga vehicles that […]

South Africa’s Karoo Drills and Prays as Taps Run Dry

By Reuters 30-11-19 02:09

South Africa’s Karoo region has always been parched – it means land of thirst in the language of its earliest inhabitants, the Khoisan hunter gatherers. Yet nothing prepared residents of its oldest town, Graaff-Reinet, for their worst drought in more than a century. As the dry spell entered its fourth year, tap water turned brown […]

flight centre stops selling saa tickets

Flight Centre Stops Selling South African Airways Tickets

By Reuters 29-11-19 10:49

JOHANNESBURG – International travel agency Flight Centre Travel Group has stopped selling tickets on South African Airways (SAA) flights after a travel insurance firm said it would no longer cover SAA tickets against insolvency. State-owned SAA failed to pay staff full salaries this month and has said it has almost no cash left after a […]

South Africa’s Vodacom CFO to Step Down

By Reuters 28-11-19 10:49

South African mobile operator Vodacom Group said on Thursday its Chief Financial Officer Till Streichert will leave the company in June 2020 to pursue an external opportunity. The news came in just two days after the company said its Group Chief Technology Officer (CTO) Andries Delport will leave Vodacom in May 2020 to pursue external interests, […]

A worker delivers boxes to Southgate shopping mall, south of Johannesburg

South Africa’s Business Confidence Improves for First Time in Two Years

By Reuters 27-11-19 18:00

South Africa’s business confidence improved for the first time in two years, a survey showed on Wednesday, owing to a recovery in residential activity and on expectation of a good shopping season for retailers. The Rand Merchant Bank (RMB) business confidence index (BCI), compiled by the Bureau for Economic Research, was at 26 points for […]

saa tough decisions

Tough Decisions Required to Make SAA Viable

By SAPeople 27-11-19 12:53

Tough decisions will need to be made as soon as possible to turn South African Airways into a viable airline, Public Enterprises Deputy Minister Phumulo Masualle said in the National Assembly on Tuesday whilst participating in a debate on the recent strike at the national carrier. The debate took place a few days after the […]

South Africa Blocks Arms Slaes to Saudi and UAE in Inspection Row

South Africa Blocks Arms Sales to Saudi and UAE in Inspection Row

By Reuters 26-11-19 22:45

JOHANNESBURG – South Africa is blocking arms sales to countries including Saudi Arabia and the UAE in an inspections dispute, endangering billions of dollars of business and thousands of jobs in its struggling defence sector, according to industry officials. The dispute centres on a clause in export documents that requires foreign customers to pledge not […]

Gerrie Nel Prosecutes Tom Moyane for Assault

By SAPeople Contributor 26-11-19 18:54

Tom Moyane, former commissioner of South African Revenue Service (SARS), appeared for the first time in the Roodepoort Magistrate’s Court today in the private prosecution case against him. Advocate Gerrie Nel, Head of AfriForum’s Private Prosecution Unit, is prosecuting Moyane in this case. The date for Moyane’s first appearance has been set for 11 December […]

Eskom Will Continue to be Owned by Government

By SAPeople Contributor 26-11-19 18:51

President Cyril Ramaphosa has reiterated that the South African government’s attempts to reconfigure and split Eskom into three divisions is not aimed at privatising the embattled power utility. These measures, he said, are rather aimed at stabilising the utility and getting it back on its feet. “We are not going to privatise Eskom,” he said, […]

Checkers

South Africa’s Checkers Supermarket Promises to Deliver Groceries in an Hour

By Reuters 26-11-19 10:02

South African supermarket chain Checkers, owned by Shoprite Holdings, is looking to grab a larger share of the growing online shopping market by pioneering a new one-hour grocery delivery service named Sixty60. It is South Africa’s first 60-minute mobile app grocery delivery service from a supermarket chain, Checkers says, as it looks to respond to […]

South Africa at Risk if Economic Reforms Don't Materialise Fast Says IMF

South Africa at Risk if Economic Reforms Don’t Materialise Fast Says IMF

By Reuters 26-11-19 09:55

JOHANNESBURG – South Africa faces a prolonged period of weak economic growth marked by rising unemployment, inequality and greater credit-rating risk if the government does not act fast to implement reforms, the International Monetary Fund (IMF) said on Monday. “The FY20/21 budget to be presented in February should articulate measures to address fiscal and SOE […]

South Africa’s Rand Rises on S&P Ratings Reprieve

By Reuters 25-11-19 10:31

South Africa’s rand firmed in early trade on Monday, as traders continued to chase the high yield offered by local assets after S&P Global Ratings decided to downgrade the country’s credit outlook instead of lowering its sovereign rating. The rand was 0.41% firmer at 14.6750 per dollar by 0620 GMT, compared with an opening level […]

A view shows the Standard & Poor's building in New York's financial district

S&P Downgrades South Africa’s Outlook to Negative

By SAPeople 23-11-19 16:52

S&P Global on Friday downgraded its outlook for South Africa’s credit rating to negative, citing weak pace of economic growth, mounting government debt burden and liabilities related to the country’s energy utility, Eskom. The downgrade significantly increases the probability of a downgrade in the sovereign rating of Africa’s most industrialized economy. South Africa is already […]

tesla caravan bakkie

Elon Musk’s New Cybertruck Shows His Pretoria Roots, Say South Africans

By SAPeople 17-12-20 18:44

Elon Musk’s launch of his Tesla Inc futuristic Cybertruck pickup suffered a setback when its “armoured glass” windows shattered during a presentation, but it was the overall look of the car that attracted the most comments and worried Wall Street on Friday… with the company’s shares falling more than 6%. Online critics made fun of […]

saa tough decisions

SAA Wage Dispute with Striking Unions Resolved

By Reuters 22-11-19 15:25

JOHANNESBURG – South African Airways (SAA) reached a deal on wages with two striking unions on Friday to end an eight-day strike at the state airline. Already reliant on government handouts to survive, SAA had to suspend hundreds of flights after the South African Cabin Crew Association (SACCA) and the National Union of Metalworkers South […]

south african airways into business rescue phillip saunders

South African Airways Signs Wage Deal with NTM Union

By Reuters 22-11-19 11:18

South Africa‘s National Transport Movement (NTM) on Friday signed a wage deal with South African Airways (SAA) for a 5.9% pay rise for the 2019/20 financial year that started in April, according to a copy of the deal seen by Reuters. NTM is one of the largest unions at state-owned SAA, but its members are not participating in […]

saa rescue solidarity court case

South Africa Union Files Court Case to Force SAA Rescue

By Reuters 21-11-19 13:13

JOHANNESBURG – A South African union filed a case on Thursday asking a court to subject the distressed state-owned airline SAA to a business rescue, with the aim of restoring it to profitability. Solidarity, which mostly represents white, Afrikaans-speaking employees, said it would “mean that the court can appoint a business rescue practitioner with comprehensive […]

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