Incessant rains which hit the country last week are impacting coal handling and operations, could lead to load shedding for the rest of the week, Eskom said on Monday. “We are beginning to experience flooding at some power stations, which is impacting coal handling and operations which could further lead to capacity load losses and […]

South African expats continue to thrive and prove their business acumen in countries abroad. The latest in a long line of success stories is Kelly Bayer Rosmarin, who has just been appointed the new boss of Optus in Australia… a company well known to South Africans living in Australia as it is the country’s second […]

South African President Cyril Ramaphosa has taken the decision to put South African Airways, the cash-strapped national flag carrier, into voluntary business rescue. Caroline Southey from the Conversation Africa asked Professor Marius Pretorius to explain how the process works. Epa/Udo Weitz What is a business rescue? It’s what is known in the European Union as […]

Due to a “shortage of capacity”, Eskom is this afternoon implementing Stage 2 load shedding in South Africa. In a tweet on Thursday, the power utility said: “Eskom regrets that Stage 2 load shedding will be implemented from 4pm to 11pm today due to a shortage of capacity.” Earlier in the day Eskom had warned that […]

The Lesotho Highlands Water Project (LHWP) tunnel has been re-opened with water already reaching the Saulspoort Dam in Bethlehem in the Free State. The water project was closed for two months to allow for inspection and maintenance. Human Settlements, Water and Sanitation Minister, Lindiwe Sisulu said the replenishing of the tunnel started on 20 November […]

South African Airways (SAA) will be put into ‘Business Rescue’, which will prevent further multi-billion rand taxpayer bailouts to the national carrier, and avoid liquidation. An official statement has not yet been released but a letter to cabinet and deputy ministers was reportedly sent out, informing them that President Cyril Ramaphosa has made the decision […]

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 […]

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 […]

As a result of the amendment to the foreign income exemption, in the Income Tax Act, many South African seafarers and yacht crew are sailing close to the wind, often in an effort to find a means and reasons not to pay taxes in South Africa. One of the many reasons used by South African […]

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 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 […]

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 […]

JOHANNESBURG – South Africa’s struggling state power firm Eskom made a surprise R1.3 billion ($88.39 million) profit in the first half of this financial year… roughly double the profit it made during the same period of the previous year. Eskom’s financial performance is typically stronger in the first half of the year, as it sells […]

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, […]

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 […]

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 […]

Nando’s has done it again! The fast-food chicken restaurant chain has produced an advert that pokes fun at the South African government and cuts to the truth of current life in SA. The commercial encourages South Africans to play a game that’s a lot like Monopoly but includes South African twists such as the ‘token […]

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 […]

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 […]

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, […]

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 […]

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 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 […]

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 […]

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 […]