Despite losses, Trump insists his party won 'historic' victory
World
-
Abram Masango quits Eskom after being placed on suspension
Earlier on Friday, the utility announced his suspension relating to allegations around the Kusela power station.
-
Gigaba's woes mount as Treasury report implicates him in Transnet impropriety
Malusi Gigaba been fingered in a Treasury forensic investigation as having acted outside of his authority and having compromised the procurement process for 1,064 locomotives from China South Rail.
-
[MUST READ] Treasury report on allegations at Eskom and Transnet
National Treasury has released the final report on the investigation of various allegations at Eskom and Transnet.
-
Eskom sets aside R11.5bn to address coal supply shortages
Eskom is struggling to keep the country’s lights on, with 10 of its power stations having less than 20 days of coal stockpiles and five of those will only last five days.
-
Treasury report implicates 3 former Eskom execs in wrongdoing
Matshela Koko, Anoj Singh and Suzanne Daniels have been implicated in wrongdoing at the power utility.
-
Don’t rule out load shedding, Eskom warns SA
Eskom CEO Phakamani Hadebe says due to the low energy demand in December, the utility is planning to embark on planned maintenance.
-
Rand steady in early trade
The rand was steady against the US dollar in early trade on Friday, in line with a rise in bonds, with turmoil around Britain’s exit from the European Union boosting investor appetite for emerging market assets.
-
[WATCH LIVE] Eskom briefing on coal shortages
Eskom briefs the media on the state of its coal supply and the possibility of load shedding.
-
Eskom suspends head of capital Abram Masango over alleged impropriety
An investigation is now underway into Masango's alleged actions of impropriety.
-
Basa: Ramaphosa must give investors certainty over land expropriation
Parliament’s constitutional review committee on Thursday adopted its report on the amendment of Section 25 of the Constitution.
-
Union threatens nationwide Dis-Chem shutdown over wage dispute
Nupsaw says Dis-Chem failed to meet its demands which include a minimum wage of R12,500 across the board and a 12.5% salary increase.
-
Fitch keeps ratings of SA’s major banks unchanged
The banks all have the same rating as Fitch says this reflects the overall outlook for the country.
-
Tesla to deliver new Model 3 orders by year end
Tesla did not immediately respond to a request for more details about the acquisition.
-
#RandReport: Rand lifted by Brexit chaos, stocks inch up
At 1530 GMT the rand was 0.96% firmer at 14.2475 per dollar, stretching gains after opening trade at 14.3500.
-
[WATCH] Discovery's new bank: All you need to know
The Discovery Bank is set to launch in March 2019. EWN’s Mashudu Masutha explains all you need to know about the new bank.
-
[LISTEN] You can open a Discovery Bank account in 3 minutes
Discovery Group CEO Adrian Gore says the bank has state-of-the-art technology and customers can get instantaneous super-secure processes.
-
Uber posts $1bn loss in quarter as growth in bookings slows
The company, valued at $76 billion, faces pressure to show it can still grow enough to become profitable and satisfy investors in an initial public offering planned for some time next year.
-
Poll: Reserve Bank to hold rates, but a close call
In a poll taken in the past week, 16 of 26 economists said the Sarb would keep its repo rate at 6.50% while the rest opted for a 25 basis-point hike.
-
Woolworths posts 2.7% rise in 20-week sales
Food sales climbed 7.2% from a year earlier, with volume driven by low inflation and aggressive promotion.
-
Eskom calls for evidence over alleged collusion to create power crisis
Energy expert Ted Blom claims that Eskom employees have been receiving kickbacks from suppliers by rigging coal purchase prices.
-
Rand firms on China-US trade hopes
The rand firmed against the dollar in early trade on Thursday, extending an overnight rally, in line with a rise in bonds, encouraged by signs that China and the United States may be taking steps to de-escalate their bitter trade dispute.
