Business
Eskom, SIU takes steps to recoup R3.8bn from Guptas, Molefe, Koko, Singh, others
In a statement on Monday, Eskom said the funds would be recovered from former board executives, the Gupta family and their associates.
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Kieswetter: It’s too soon to tell if new mechanisms will save Sars
The COVID-19 pandemic has forced the service to readjust the way it designs and develops its systems.
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Trump gives Microsoft 45 days to clinch TikTok deal
Trump said on Friday he was planning to ban TikTok amid concerns that its Chinese ownership represents a national security risk.
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DPE: Gordhan not involved in appointment of Eskom pension fund chair
The department said Eskom was entirely responsible for hiring its pension and provident fund chair.
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Apple removes thousands of game apps from China store: research firm
The takedowns come amid a crackdown on unlicensed games by Chinese authorities.
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Tanzania bans Kenya Airways as coronavirus spat escalates
Tanzania said Kenya Airways flights were being banned 'on a reciprocal basis' after Kenya decided against including Tanzania in a list of countries whose passengers would be permitted to enter Kenya when commercial flights resumed on 1 August.
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SARB welcomes applications for new mutual banking licence
The Bank said it received several letters from people interested in reviving the scandal-hit VBS Mutual Bank.
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‘We’re asking Santam to do the right thing’: Business appeals for help
Some insurers have largely refused payouts, arguing the harm was caused by government’s lockdown and not the actual pandemic.
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Media scion James Murdoch quits News Corp board
The 47-year-old once seen as his father's successor has been openly critical of some media coverage from publishing empire News Corp's outlets in recent months.
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‘It’s our bread and butter’: Tourism industry welcomes relaxed regulations
Tourism Minister Mmamoloko Kubayi-Ngubane made the announcement along with news that the lockdown curfew has been pushed from 9pm to 10pm to accommodate the restaurant industry.
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Business robberies on the rise, truck hijackings increase by 1.7%
The crime statistics show that there was a 3% increase in robberies at non-residential premises.
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SARB: Several parties have shown interest in reviving VBS Bank
An estimated R2.7 billion went missing from VBS Bank through grand-scale looting that led to its collapse.
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Trade union Uasa to approach courts over months of unpaid salaries at Denel
The union is seeking an interdict from the Labour Court that will force the cash-strapped state-owned entity to honour all outstanding contractual and statutory commitments to employees.
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South Africans push back against 5G towers in their backyards
Since Communications Minister Stella Ndabeni-Abrahams gazetted the policy last week, dissent has poured in through the website Dear South Africa, which collects online submissions to challenge or co-form policies before they become law.
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Slow drive protest: Transport operators hit by lockdown want licence fees refund
Protesting tour operators want government to assist the charter bus and related industries hard hit by the COVID-19 lockdown.
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EFF leaders to file police complaint against Eskom’s Oberholzer
The EFF earlier called for the immediate removal of Jan Oberholzer as Eskom COO after damning allegations of misconduct, nepotism and abuse of power were levelled against him.
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SA economy could contract 8.2% if second COVID-19 wave hits - OECD
President Cyril Ramaphosa’s government has promised to fast-track reforms to raise economic growth potential, but some investors are becoming restless about the pace of change.
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Eskom planning to cancel R14bn oil contract over inflated supplier fees - report
The expected move to cancel the five-year contract and seek supplies directly from oil refineries comes as Eskom boss Andre de Ruyter seeks to cut expenses.
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US consumers lapping up cereal, toilet paper amid COVID-19 pandemic
That is one clear conclusion from the latest round of earnings reports Thursday that underscored anew how the pandemic is scrambling economic activity as more people stay home.
