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Picture: www.transnet.net

Business

National Treasury avails R47bn to get hamstrung Transnet back on track

By Nokukhanya Mntambo

The rail, port and pipeline company's woes have worsened recently – with crippling backlogs at some of South Africa’s major ports.

  • © dmitrydemidovich/123rf.com

    SA companies see MASSIVE benefits in four-day work week trial

    South Africa has pilot tested the four-day work week, and seen how it affects employees and employers.

    01 December 2023 11:43
  • Minister of Electricity Kgosienstsho Ramokgopa briefing members of the media on the progress regarding the implementation of the Energy Action Plan in Pretoria on Monday, 17 July 2023. Picture: Twitter/@Kgosientsho_R

    Additional generation capacity plan in the offing, hints Electricity Minister

    Minister of Electricity Kgosientsho Ramokgopa noted a need for more reliable energy generation beyond Eskom and the generators availed by China.

    01 December 2023 07:42
  • Trails of lights from passing vehicles in Braamfontein, Johannesburg while the area is submerged in darkness due to load shedding. Picture: AFP

    Eskom sees generation capacity improvement, power cuts reduced to stage 4

    Spokesperson Daphne Mokwena said what will follow for most of Friday is another round of a reduced load shedding stage.

    30 November 2023 19:58
  • Picture: Pexels

    City Power plans to replace load shedding with a 'load limiting' process

    According to the utility, unlike load shedding, load limiting does not completely cut off the power to the customer. Instead, the user is asked to limit their consumption.

    30 November 2023 17:30
  • Port of Cape Town / Wikimedia Commons: SkyPixels

    Port of Cape Town's operations back to normal after backlog cleared

    Transnet says its Cape Town Port is ready to handle shipments delayed by the crisis at the port in Richards Bay.

    30 November 2023 14:53
  • FILE: A picture taken on 19 May 2019, shows the members of the OPEC+ group posing for a picture following the meeting in the Saudi city of Jeddah. Picture: Amer HILABI/AFP

    Tough negotiations as OPEC+ meets to decide over output amid tumbling prices

    Amid stuttering global economic growth, analysts expect OPEC+ - the 13 OPEC members headed by Saudi Arabia and 10 partners led by Russia - to extend or deepen production cuts into next year to prop up prices.

    30 November 2023 12:33
  • While there are success stories in Africa and South Africa, there are also challenges that need to be addressed in embracing AI, starting with the lack of access to digital technology. Picture: Jekesai NJIKIZANA / AFP

    With emergency reserves low, Eskom says higher power cut stages to stay in place

    Households and businesses have been forced to endure longer bouts of rolling power cuts as the utility struggles to keep the lights on.

    29 November 2023 16:49
  • Auditor-General Tsakani Maluleke (left) on 29 November 2023 briefed the standing committee on the Auditor-General on the audit outcomes for national and provincial government for the 2022/2023 financials. Picture: @AuditorGen_SA/X

    More state entities achieving a clean audit, Auditor-General tells MPs

    Auditor-General Tsakani Maluleke and the Office of the Auditor-General on Tuesday presented the audit outcomes for national and provincial government for the 2022/2023 financials.

    29 November 2023 13:27
  • Gauteng Premier and ANC provincial chairperson Panyaza Lesufi. Picture: X/@Lesufi

    Panyaza Lesufi’s call to write off Eskom debt is 'irreponsible' – Outa CEO

    A video of Panyaza Lesufi promising to wipe out Eskom’s municipal debt is making the rounds on social media.

    29 November 2023 09:27
  • Trade, Industry and Competition Minister Ebrahim Patel. Picture: @PresidencyZA/Twitter

    Patel remains hopeful SA will continue to benefit from AGOA

    He told Parliament while government would like to see changes made to AGOA's graduation policy - it did not want this to delay a decision by the US government to extend the preferential arrangement with African countries for another ten years.

    28 November 2023 18:54
  • FILE: Western Cape Premier Alan Winde. Picture: Twitter/@alanwinde

    WC govt declares a dispute with national govt over public wage agreement

    Western Cape Finance MEC Mireille Wenger said that the effects of the wage increase meant a hike in the Western Cape's wage bill of R2.9 billion.

    28 November 2023 18:26
  • Picture: Flickr/arsalan ahmed

    Eskom to implement stage 6 power cuts during evenings until Saturday

    The ailing utility says that for the next four days, stage 4 load shedding will continue to be implemented until 8PM in evening, thereafter it’s stage 6 until 5AM in morning.

    28 November 2023 16:49
  • Picture: Supplied

    Navigating the peaks and plateaus of the global interest rates outlook

    With recent inflation data suggesting that central bankers may finally be turning the tide on inflation, questions continue to mount about when we’re going to see a turn in the interest rate cycle.

    28 November 2023 14:58
  • FILE: The SABC headquarters in Auckland Park. Picture: SABC.

    SABC appoints Nomsa Chabeli as new CEO

    The South African Broadcasting Corporation (SABC) has appointed Nomsa Chabeli as its new group chief executive officer (CEO) after four months of the public broadcaster being without a CEO.

    27 November 2023 13:55
  • The Standard Bank building in Cape Town. Picture: Rowan Jackson/123rf.com

    'No evidence' Standard Bank was party to Rand-US Dollar manipulation, says CEO

    Standard Bank is among over two dozen institutions implicated in the 2017 Rand-US Dollar manipulation scandal that recently drew media attention after a UK-based bank admitted to its involvement in the scheme.

    27 November 2023 09:50
  • Minister of International Relations and Cooperation Naledi Pandor speaking at the inaugural Cape Town Conversation on 25 November 2023. Picture: Twitter/UNinSouthAfrica

    Africa still being shortchanged by economic superpowers - Pandor

    Speaking at the inaugural Cape Town Conversation, Pandor said: 'What these partnerships have not done, they’ve not resulted in increased industrial capacity in Africa, in wider access to energy, [and] in access to smart manufacturing.'

    26 November 2023 12:13
  • Picture: pixabay.com

    Parly's Standing Committee on Finance to meet over currency manipulation report

    The Competition Commission is expected to brief the committee on Friday afternoon on its investigation and report into the manipulation of the local currency.

    24 November 2023 18:48
  • Hundreds of people are still lined up outside the Woodmead Value Mart looking to get their hands on cheap sneakers and branded clothing. Picture screengrab /Woodmead Value Mart Facebook

    Gauteng shoppers brave heat & long queues for Black Friday deals

    Despite the hot weather conditions in Johannesburg, consumers were ready to part ways with their money.

    24 November 2023 18:06
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