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News24Wire

S African investors set sights on African property market

9th April 2015 The number of South African investors aiming to tap into the potentially lucrative African property market is on the rise, according to the Knight Frank Africa Report 2015. Driving this trend is a demographic statistic set to be one of the most important world shapers over the course of the century. 

Medupi lock-out a declaration of war – Numsa

8th April 2015 The strike at Medupi Power Station is expected to resume on Wednesday, after unions representing affected workers met on Tuesday after the Easter break and decided to down tools. The National Union of Metalworkers of South Africa (Numsa) announced that its workers would join others in strike... 

Mugabe to drum up support for industrialisation efforts

8th April 2015 Zimbabwean President Robert Mugabe and his wife Grace begin a two-day state visit to South Africa on Wednesday, the first since 1994, to help efforts to industrialise his country's ailing economy. He is expected to meet President Jacob Zuma for talks and the signing of a memorandum of... 

New company selected to lead Eskom inquiry

7th April 2015 The man behind Eskom’s inquiry has been dumped in the latest twist in the boardroom drama that has unfolded at the state utility over recent weeks. Business turnaround consultant Nick Linnell was selected by former Eskom chairperson Zola Tsotsi to conduct an independent inquiry into Eskom. 

SAA to oppose CEO's suspension challenge

7th April 2015 South African Airways (SAA) will oppose suspended CEO Monwabisi Kalawe's bid to get the Labour Court to halt his disciplinary hearing, according to the airline's spokesperson Tlali Tlali. "Mr Kalawe has throughout his suspension attempted to avoid facing these disciplinary charges at a... 

Sanral breaks its silence on Cape toll 'secret'

2nd April 2015 Toll tariffs for the proposed N1 and N2 Winelands toll roads in the Western Cape have not been set, the South African National Roads Agency (Sanral) said on Wednesday. These tariffs will only be set by the minister of transport once the competitive bidding process for the road is complete,... 

Vavi: Expulsion from Cosatu was unfair, illegal

1st April 2015 Ousted Congress of South African Trade Unions general secretary Zwelinzima Vavi is adamant that his expulsion from the trade union federation was unfair and illegal. "I am... in consultations on whether or not I should challenge my extremely irregular, illegal and completely unjustified expulsion... 

R38bn Sanral toll contract increase questioned

1st April 2015 How did a R10-billion contract to build two Western Cape toll roads turn into a R48-billion revenue stream for a consortium of civil engineering companies? Peter Hugo, chairperson of the Cape Chamber of Commerce and Industry's transport portfolio committee, said this was just one of the questions... 

SAA halts SA Post Office's global service

1st April 2015 South African Airways (SAA) this week suspended its contract with the South African Post Office (Sapo) due to unpaid bills. Both parties confirmed that SAA ceased carrying mail to and from overseas postal services because of Sapo's failure to pay for the service. 

DA challenges Eskom's 25.3% tariff hike request

1st April 2015 The Democratic Alliance (DA) is set to deliver a memorandum to Public Enterprises Minister Lynne Brown on Wednesday to protest Eskom's electricity tariff hike requests. DA parliamentary leader Mmusi Maimane said the opposition party will not stand for the burden of Eskom's mismanagement being... 

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