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Treasury says it has no choice but to borrow more money to fund govt spending
Treasury Director-General Duncan Pieterse, though, said that borrowing more money was not a sustainable means to stimulate the economy, and it would only worsen the country’s spiralling debt crisis.
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SA’s mining output drops for third consecutive month, reveals Stats SA
In its latest mining data released on Thursday, Stats SA revealed that output dropped by almost 2% year-on-year for September compared to the same period in 2022.
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New NSFAS funding model proposal expected before Cabinet by 2024 - Mashatile
The funding scheme has recently been plagued by issues after its CEO was fired for irregular procurement, while students struggled to get their allowances due to problems with its new direct payment system.
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Transnet board chair warns freight rail decline 'presents risks to SA economy'
This while Transnet is indebted to the tune of R130 billion. The entity's Parliament briefing comes a week after Finance Minister Enoch Godongwana warned of its impact on the economy.
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Google decides to pull Fitbit from South Africa
TechCentral broke the story late Wednesday that Fitbit is withdrawing from the South African market.
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City Power promises better communication regarding load shedding
City Power's attempt to give Johannesburg residents relief from load shedding is off to a rocky start, as some areas are left without power at least twice a day.
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Transnet begs for assistance, tells MPs its R130bn debt too much to handle
Transnet was briefing Parliament’s public enterprises on its annual results.
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Parliament suggests engaging Treasury to resolve ‘serious crisis’ at SABC
Members of Parliament are not convinced of the State broadcaster’s turnaround plan, despite its projection of a slight growth in revenue.
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Appointment of new Eskom CEO imminent, SCOPA told
Making his first appearance before Parliament’s Standing Committee on Public Accounts (SCOPA) on Tuesday, new Eskom board chairperson, Mteto Nyati, gave the assurance that a new CEO would be appointed before the end of the year.
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'Dire' state of SABC threatening to 'collapse' Sentech, Mapulane tells MPs
Deputy Minister Philly Mapulane told Parliament that the SABC was not only technically bankrupt, it also owed broadcasting signal distributor Sentech over R700 million, which is more than half the entity’s revenue.
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Sibanye-Stillwater secures five-year wage deal with unions at Kroondal operation
Workers under the AMCU and NUM unions will receive a total average estimate increase of 6.4% over the five-year agreement, which encompasses annual wages and employee benefits.
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Thousands of mining jobs at risk because of failing Transnet - COSATU
It said Transnet's inability to support the industry because of a deteriorating rail network and other logistical factors was hurting the mining industry.
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WC seeing continued growth in tourism, says MEC Wenger
Between January and September, more than 6.8 million two-way international and domestic passengers passed through Cape Town International Airport (CTIA).
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Transnet needs to find a CEO without any ‘baggage’ or ‘scandals’ - Cosatu
The trade union federation warned of a 'very real' looming jobs bloodbath due to Transnet's poor performance, urging the entity to find a new CEO that was an 'expert on the issue'.
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Ekurhuleni's finances 'in the positive', Malema disproves ANC, DA and ActionSA
Malema on Sunday dismissed claims from some political parties speculating that Ekurhuleni is on the brink of financial collapse, saying the city’s books only achieved stability through the EFF.
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Cape Town may get IPP-built 'pebble-bed' nuclear power plant
Concerns are being raised about plans for a nuclear pebble-bed reactor on the Koeberg site.
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Extending AGOA will diversify African economies, increase production: Ramaphosa
A call was made for the trade agreement between the US and some African countries to be extended beyond 2025 by another 20 years during the AGOA Forum over the weekend.
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Agoa needs to be updated to address African challenges - Patel
AGOA, established in 2000, gives eligible African countries exemption from taxes on their exports to the US.
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American companies remain partners of choice for many in Africa, says US
US Deputy Secretary of Commerce Don Graves, who was part of the US delegation at the AGOA forum said his country has done its best to ensure its African partners have what they need, in terms of investment.
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SA marks agricultural milestone after first soybean export to China
The Department of Agriculture, which in 2022 signed an export agreement with its biggest trade counterpart, said the shipment was evidence of other possibilities for growing the cereal and oilseed sector.
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Ramaphosa lobbies for small business inclusion into AGOA
Speaking at the AGOA Business Forum in Johannesburg on Friday, Ramaphosa told delegates that the US legislation needs to relax the red tape for small businesses.
