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Oakbay workers march to South African banks to ‘save’ their jobs

26th April 2016 Hundreds of workers from Gupta family-owned Oakbay Investments will on Tuesday march to the banks in an effort to save their jobs. The operations of Oakbay were thrown into jeaopardy after South Africa’s four main banks closed accounts of businesses owned by the controversial family. 

Protests outside De Beers’ Venetia mine block roads

25th April 2016 Residents of Blouberg and former employees of Venetia Mine, owned by De Beers, on Monday protested outside the open pit mine demanding that workers be given shares in the company. The protesters, who said they want to discuss with mine management issues relating to “Ponagalo shares and trust... 

Black Business Council welcomes draft amended Mining Charter

25th April 2016 The Black Business Council (BBC) on Monday welcomed the draft reviewed Broad Based Black Economic Empowerment Charter for the South African mining and minerals industry, saying it embodied the objectives of effective and practical radical transformation necessary to stimulate the black... 

Harsh action as electricity theft costs R7.5bn a year

25th April 2016 A statement from Eskom on Monday said aggressive action was being employed in the fight against electricity theft, which was costing the State-owned electricity provider and municipalities an estimated R7.5-billion a year. The problem of electricity theft is an international one, according to... 

South Africa committed to win-win trade with Iran, says Zuma

25th April 2016 South Africa is a reliable partner committed to an equitable economic partnership with Iran on a win-win basis, President Jacob Zuma said on Sunday. South Africa had categorically condemned the imposition of unilateral sanctions against Iran and applauded the recent lifting of many of these... 

Jonas warns State capture will derail national democratic revolution

22nd April 2016 Deputy Finance Minister Mcebisi Jonas has warned of the nefarious impact patronage networks could have on the South African state in an article penned for the weekly South African Communist Party newsletter Umsebenzi. Jonas begins the article by stating debates on state capture tend to be about... 

Hulamin still frustrated by lack of aluminium tariff protection

22nd April 2016 Hulamin on Thursday expressed its continued frustration at the lack of tariff protection against cheaper imports as metals price remained weak, resulting in a significant negative impact on the financial performance of the company. Hulamin chairperson, Mafika Edmund Mkwanazi, in a statement said... 

Housing backlog at 2.1m, says Minister Sisulu

22nd April 2016 At least 2.1-million houses needed to be built to clear the backlog exacerbated by rapid urbanisation, Human Settlements Minister Lindiwe Sisulu said on Thursday. “We had put the figure at 1.9-million a few months ago, but the Statistician General [Pali Lehohla] yesterday in Parliament during his... 

Botswana companies fail to reap benefits from Agoa

21st April 2016 Only two out of the 13 Botswana companies that signed to take up preferential trade opportunities with the United States through the Africa Growth and Opportunity Act at its inception in 2000 have prospered through the trade deal, the government has announced. Addressing delegates at a US... 

Public Works asset register complete

21st April 2016 The long awaited immovable asset register of the Department of Public Works (DPW) was complete and showed government had in excess of R75-billion worth of land parcels and buildings, a media briefing in Parliament heard on Wednesday. Briefing journalists on the department’s budget vote, Minister... 

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