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Cape Town MyCiti bus petrol bombed, driver seriously injured

11th December 2018 A MyCiti bus driver was seriously injured when the bus he was driving was petrol bombed in Roodebloem street, Woodstock, in Cape Town, on Monday night at about 22:00. The spokesperson for the city's fire department, Theo Layne, said a passenger was also injured, but was not in a critical... 

National Treasury introduces Bill to govern conduct of financial institutions

11th December 2018 The National Treasury on Tuesday announced the publication of a bill that aims to strengthen the regulation of how the financial services industry treats consumers. The Conduct of Financial Institutions (COFI) Bill is a follow up to the Financial Sector Regulation (FSR) Act of 2017, which... 

No load shedding scheduled for Tuesday but risk remains high, says Eskom

11th December 2018 Power utility Eskom said on Tuesday that it will not implement Stage 1 rotational load shedding from 9am as usual, but warned that the electricity system remains tight and the risk of load shedding still remained high should power station units fail to return as planned. Eskom had said on Monday... 

Rooibos tea enjoys a rosy outlook from international markets

10th December 2018 Rooibos, which is exclusively farmed in the Cederberg and Sandveld areas of the Western Cape, is fast becoming one of the most attractive agricultural products to invest in, the South African Rooibos Council (SARC) said on Monday. The SARC said that South Africa holds a competitive advantage in a... 

Eskom says no load shedding scheduled for Monday, but risk remains high

10th December 2018 Power utility Eskom said on Monday that it will not implement Stage 1 rotational load shedding from 9am as usual, but warned that the electricity system remains tight and the risk of load shedding still remained high should power station units fail to return as planned. The troubled power utility... 

National minimum wage of R20 an hour to take effect on Jan 1

7th December 2018 The national minimum wage will kick in on January 1, meaning no South African worker will earn less than R20 an hour in the new year, President Cyril Ramaphosa announced on Friday. "We are here to declare that from 1 January 2019 the national minimum wage shall be introduced. No worker in South... 

Eskom implements Stage 1 load shedding

7th December 2018 State power utility Eskom said on Friday it would again effect rotational powercuts to reduce demand and avoid a collapse of the grid, but that this would be on a lower scale than in recent days. "Eskom will be implementing Stage 1 rotational load shedding from 09:00 and this is likely to... 

Business confidence edges up slightly as momentum flattens – Sacci

6th December 2018 Business conference among South African companies edged up just slightly in November, with the momentum seen since September slowing, a survey showed on Thursday. The South African Chamber of Commerce and Industry's  (Sacci) business confidence index (BCI) for November 2018 measured 96.1, up just... 

Ramaphosa to announce effective date for national minimum wage in Kliptown

6th December 2018 President Cyril Ramaphosa will on Friday proclaim the effective date for the recently approved national minimum wage, his office said. Consensus on the minimum wage was reached by stakeholders under the auspices of the National Economic Development and Labour Council (Nedlac) and has been set at... 

Denel confirms it cancelled pilot bursary for Mahumapelo Jr

5th December 2018 Denel confirmed to MPs on Wednesday it had terminated a R1.1-million bursary agreement with Supra Mahumapelo Jr, the son of the former North West premier. Briefing Parliament's portfolio committee on public enterprises, Denel board audit committee chair Talib Sadik said an investigation into the... 

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