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News24Wire

Numsa ready to build new trade union federation

24th July 2015 Metalworkers' union the National Union of Metalworkers of South Africa (Numsa) says it has exhausted all efforts to try to reclaim the Congress of South African Trade Unions (Cosatu) and it is now ready to begin building a new trade union federation. "The Numsa NEC [National Executive Committee]... 

SARB increases repo rate by 25 basis points

23rd July 2015 The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) hiked the repo rate by 25 basis points to 6% per annum, effective from 24 July 2015, its governor Lesetja Kganyago announced on Thursday. Banks will raise their prime lending and variable mortgage interest rates by the same... 

DA slams Energy Minister over PetroSA's R14.9bn loss

23rd July 2015 Energy Minister Tina Joemat-Pettersson should return to South Africa immediately to answer for PetroSA’s R14.9-billion loss, said the Democratic Alliance (DA) on Thursday. The scale of the state-owned petroleum company’s loss was made public for the first time in court documents, which reveals... 

Sars serves notice to crooks with new cargo scanner

23rd July 2015 The South African Revenue Service (Sars) has served notice to organisations that flout the law with a message that the "game is over". Sars on Wednesday debuted a new container scanner at the Cape Town port, following the launch of a similar device in Durban. 

Madonsela delays release of PRASA report

23rd July 2015 The release of the public protector's report into maladministration at the Passenger Rail Agency of South Africa (PRASA), which was expected to happen on Thursday, has been postponed, the office of the public protector said on Wednesday evening. "The decision to postpone comes after some of the... 

Ramaphosa: Six million jobs by 2019 attainable

23rd July 2015 Deputy President Cyril Ramaphosa says he is confident that the target of reaching six-million jobs by 2019 is attainable after visiting a public employment programme in Orange Farm on Wednesday. He said Government would "reach it and exceed it". 

Eskom to implement stage 1 load-shedding

22nd July 2015 Eskom said on Wednesday it will implement stage 1 load-shedding from 17:00, which will likely continue until 22:00. It said the power system was constrained but stable for most of the day, thus enabling Eskom to perform maintenance without the need for load-shedding. 

Expect rate hike, warns expert

22nd July 2015 A 25 basis point interest rate hike can be expected at Thursday's meeting of the Monetary Policy Committee (MPC) of the SA Reserve Bank (Sarb), according to Peter Attard Montalto, Nomura analyst. "Rewinding to the last meeting, it is clear that two out of the six members were happy enough to hike... 

Eskom to implement stage 2 load-shedding

21st July 2015 Eskom announced on Tuesday that it will implement load-shedding stage 2 from from 17:00 until 22:00. Eskom said in a statement the power system was constrained but stable for most of the day today, thus enabling Eskom to perform maintenance without the need for load-shedding. 

War rooms set up to deal with Gauteng service delivery protests - Makhura

21st July 2015 War rooms have been set up in all Gauteng municipalities to deal with service delivery issues and protests, Premier David Makhura said on Tuesday. Through these war rooms, rapid response systems had been institutionalised, he told delegates from the National Council of Provinces provincial week... 

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