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NUM welcomes removal of Eskom general manager in Free State

4th January 2019 The National Union of Mineworkers (NUM) Free State region on Thursday welcomed the removal or transfer of Eskom general manager in the province, Lindi Mthombeni. The union has been pleading with the power utility for months to remove Mthombeni, saying that workers had lost trust in her and... 

Anglo American makes executive changes in base metals unit and Brazil

3rd January 2019 Global mining group Anglo American on Thursday announced a number of senior management changes following the decision to divide the management of its global base metals business from its strategy and business development activities.  The group said that Ruben Fernandes, currently chief executive... 

National matric pass rate climbs to 78.2%

3rd January 2019 The National Senior Certificate (NSC) matric pass rate has risen  to 78.2 percent, Basic Education Minister Angie Motshekga announced on Thursday evening. The pass rate is a 3.1% improvement from the 75.1% achieved in 2017. A total of 400,761 candidates passed the 2018 NSC examination.  

Mboweni invites economists, academics to colloquium on economy

21st December 2018 Finance Minister Tito Mboweni said on Friday questions had been raised in Cabinet on whether South Africa was pursuing the correct growth path for its economy, prompting him to convene a discussion colloquium with economists and academics. "The colloquium hopes to come up with ideas based on... 

Numsa says committee set up to deal with Comair wage discrepencies

21st December 2018 The National Union of Metalworkers of South Africa said on Friday a working committee had been set up to deal decisively with wage discrepancies and shift patterns at Comair, after reaching a deal with the airline to avert a strike. Numsa confirmed it had signed an agreement with Comair, after... 

Air Tanzania becomes first African-based Airbus A220 operator

21st December 2018 Air Tanzania as become the first African carrier to take delivery of the Airbus A220 aircraft, the newest addition to the Airbus family of commercial aircraft, the companies said on Friday. Representatives from the airline as well as Tanzanian government officials alongside executives from the... 

Denel appoints Daniel Du Toit as new group CEO

20th December 2018 The Department of Public Enterprises and State-owned defence equipment company Denel on Thursday announced Daniel du Toit as the new group chief executive after Cabinet approved the appointment. This comes after Zwelakhe Ntshepe resigned with immediate effect as Denel chief executive in May... 

Tax growth did not exceed GDP growth for first time since '08 financial crisis - SARS

20th December 2018 For the first time since the global financial crisis of 2008, South Africa’s 2017/2018-tax growth did not exceed its GDP growth, the national treasury and SARS said in a joint statement on Thursday. The information was published in the 2018 edition of the annual Tax Statistics report, which... 

War of words continues between Prasa and former acting CEO Letsoalo

20th December 2018 The war of words between former acting chief executive at the Passenger Rail Agency of South Africa (PRASA), Collins Letsoalo, and board members continued on Thursday with with him accusing them of lying, subterfuge and diversions. The charge came after the PRASA board urged on Wednesday urged... 

SME confidence up, but not all plain sailing ahead - Business Partners

19th December 2018 Broad confidence indicators among small businesses in South Africa have exhibited a quarterly uptick despite a challenging economic backdrop, but the path ahead will not be smooth sailing, a report showed on Wednesday. The Business Partners Limited SME Index – a survey measuring the attitudes... 

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