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African News Agency

Steel and aluminum import tariffs a big concern for industry – Busa

23rd July 2018 Business Unity South Africa (Busa) said on Sunday that it was very concerned about imminent job losses in the domestic steel and aluminium industry if the import duties imposed by the United States government succeed. Speaking during the session on South African investment opportunities at the... 

New Development Bank to extend loans to Brics countries' private sector

23rd July 2018 The New Development Bank announced on Monday that it would begin to extend loans to the private sector in Brics countries as it enters another phase of its growth prospects. The New Development Bank was established in 2014 following the sixth Brics Summit, with capitalisation from Brazil, Russia,... 

Eskom reports R19bn in irregular expenditure, net loss of R2.3bn

23rd July 2018 South Africa's cash-strapped state power utility Eskom has uncovered R19-billion in irregular expenditure going as far back as 2012, its chairperson Jabu Mabuza said on Monday in a statement accompanying the company's results for the year ended March 31. The entity also reported a net loss after... 

Eskom blames illegal connections for Soweto power failures

20th July 2018 Parts of Soweto have gone without electricity for several days, but Eskom has simply said there is nothing it can do because the power failures are caused by "illegal connections". Residents of Zola, Emndeni, Zondi, and Mofolo residents have taken to social media to vent their frustrations about... 

Nxesi wants lifestyle audit done in all management at public works including himself to fight corruption

19th July 2018 Public Works Minister Thulas Nxesi on Thursday announced that he requested a lifestyle audit starting with himself and all management of the department after internal investigations revealed 16 000 suspicious transactions to the value of R2-billion. Nxesi was speaking in Pretoria on Thursday... 

South Africa seeks to strike trade balance at Brics Summit

19th July 2018 South African government will be working to tackle the trade imbalance and also address complimentary trade between it and its Brics partners at the crucial upcoming Summit next week, officials said on Thursday.  Lerato Mataboge, deputy director-general at the Department of Trade and Industry... 

Solidarity, NUM rejects gold producers wage offer

19th July 2018 Solidarity has become the second workers union to reject the latest three-year wage offer tabled by South African gold producers even though it admitted that the mining companies have presented a gloomy picture of the industry. Solidarity joins the National Union of Mineworkers (NUM) which... 

First African company announces science-based greenhouse gas target

19th July 2018 Emira Property Fund has become the first African and South African company to have a greenhouse gas emissions target approved by the Science Based Targets initiative (SBTi). The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World... 

SA post office strike over

19th July 2018 The South African Post Office strike has been brought to a halt after trade unions reached an agreement regarding salary increase on Wednesday. The strike started on July 3. 

Tawana says completes demerger of 85% of shares in Cowan Lithium

18th July 2018 Australia-based mineral exploration company Tawana Resources said on Wednesday it had completed the demerger of 85% of the shares in Cowan Lithium Limited, holding the Cowan, Yallari and Mofe Creek assets. Tawana retained 15% of the total issued shares in Cowan Lithium. 

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