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Nedlac to review UIF’s capacity to pay COVID-19 relief funds
A meeting will be held between the Department of Employment and Labour, along with Nedlac constituencies including labour, business, and government.
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Will hairdressers be allowed back to work under level 3 lockdown?
Hairdressers would theoretically only be allowed to return to work at level 1 of the lockdown.
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Municipal debt to Eskom heading for R30bn
The Department of Public Enterprises on Wednesday told Parliament this was a major challenge for the embattled power utility, and that municipalities were showing little signs of mending their ways.
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Dudu Myeni could face further probes into her role at SAA
Myeni was on Wednesday declared a delinquent director by the Pretoria High Court and was barred for life from serving as a director of any entity.
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Eskom sees lower risk of power cuts during winter
Eskom expects only 3 days of stage one power cuts, where up to 1,000 megawatts is taken off the national grid, during the winter period when demand increases, the chief executive officer said on Wednesday.
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SA plans $20.5bn of public works to spur economy - Mashatile
The projects would focus on areas such as railways, ports, energy, information technology, water and sanitation and housing, he added.
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Rand falls as Sino-US friction dents risk appetite
The rand fell on Wednesday following global weakness in emerging market currencies due to increasing Sino-US friction over China’s proposed security law for Hong Kong, retreating the two-month high seen a day before.
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New PIC CEO Abel Sithole now tasked with turning entity around
The PICs credibility was shattered when its former CEO Dan Matjila was implicated in dodgy deals and corruption in the findings of the pic commission of inquiry earlier this year.
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Former SAA board chair Dudu Myeni declared a delinquent director
Former SAA chairperson Dudu Myeni has been declared a delinquent director, effectively banning her for life from such a position.
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SAA can still be saved with funding - administrators
SAA has been fighting for its survival since entering business rescue - a local form of bankruptcy protection - in December, after almost a decade of financial losses.
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Online orders for alcohol rising ahead of move to level 3 lockdown
OneDayOnly.co.za said that orders had been steadily increasing even before Sunday's announcement that restricted liquor sales would be allowed under level 3 lockdown.
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Iata appeals for govt financial relief as COVID-19 takes toll on aviation sector
Since government implemented the nationwide lockdown, no airline has been allowed to fly locally or internationally.
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UIF compliance no longer a requirement for COVID-19 financial aid
Previously only workers who were registered and declared on the system by their employers could qualify for the benefit.
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Cabinet approves appointment of Sithole as PIC CEO
Sithole is currently the principal executive officer of the Government Employees Pension Fund and the commissioner of the Financial Sector Conduct Authority.
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SA Reserve Bank says lenders can handle coronavirus crisis
The country’s banks, some of the largest on the continent including Standard Bank and FirstRand, have seen profit growth slip in recent years, while risks from lending to the increasingly strained government and the economy have increased.
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Winding down of Saldanha Steel plant to be complete by end of June
Despite numerous efforts to save the steel plant, ArcelorMittal South Africa CEO Kobus Verster said that reopening the facility in the medium term was highly unlikey.
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Hairdressers head to court today over level 3 restrictions
With level 3 regulations set to come into effect next week, those in the hair and beauty industry are still not being allowed to fully operate.
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Rand falls as Sino-US friction dents risk appetite
At 0645 GMT, the rand traded at 17.4900 per US dollar, 0.45% weaker than its previous close.
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BRPs stop SAA flights before they even take off
In a statement on Tuesday, SAA said it would resume operations between Johannesburg and Cape Town from mid-June.
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FFC urges govt to reconsider its fiscal consolidation stance
Finance Minister Tito Mboweni had so far held the line on fiscal consolidation – a policy aimed at reducing the budget deficit and government’s soaring debt-service costs.
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NUM: Some mining companies not protecting workers from COVID-19
The union said miners were still forced to work in close proximity because their jobs made it difficult to follow social distancing.
