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African News Agency

Eskom says low probability of day-time load-shedding

18th June 2018 State electricity company Eskom said on Monday there is a low probability of rotational load-shedding during the day as a result of power station units being returned to the system after last week's wage strike, but the probability was higher for the evening peak period due to increased demand.... 

Numsa rejects Eskom arbitration process

15th June 2018 The National Union of Metalworkers of SA (Numsa) on Friday rejected Eskom's decision to engage in an arbitration process on the current wage dispute with workers unions, saying that such a decision was made without consulting them. Numsa, the National Union of Mineworkers (Num), and Solidarity... 

Eskom obtains court interdict against workers pickets at power stations

15th June 2018 Eskom on Friday obtained a court interdict prohibiting the intimidation of workers and contractors who are not part of an ongoing wage strike, as well as the highjacking of coal trucks and the sabotaging of the power utility's electricity infrastructure.  On Thursday, generation and distribution... 

World Economic Forum to discuss SA's reform agenda in Joburg

15th June 2018 The World Economic Forum (WEF) said on Friday that it will convene a one-day roundtable later this month with President Cyril Ramaphosa, ministers and business leaders from across the world about the role of business in shaping an inclusive and sustainable agenda for South Africans. Elsie Kanza,... 

BLSA extends partnership with USAID, $3m added

15th June 2018 Business Leadership South Africa (BLSA) and the United States Agency for International Development (USAID) on Thursday announced the extension of their multi-million rand partnership by a further three years and an additional $3.6-million. Beyond Advocacy Fund (BAF), is an imaginative partnership... 

South Africa prioritising business confidence and investor interest

15th June 2018 The South African government has prioritised the enhancement of business confidence and investor interest in order to create an enabling environment for business to thrive.  This is according to Deputy Minister of Trade and Industry Bulelani Magwanishe who on Thursday welcomed a business... 

Nersa grants Eskom R32.69bn in RCA application

14th June 2018 The National Energy Regulator of South Africa (Nersa) on Thursday granted Eskom R32.69-billion following its regulatory clearing account (RCA) application for the multi-year price determination period from 2015 to 2017. The cash-strapped power utility had applied for a 19.9% tariff hike to recoup... 

SARB launches commemorative Mandela banknotes

14th June 2018 The South African Reserve Bank (SARB) has said that it will be launching its first commemorative banknote series, in celebration of the first democratically elected president Nelson Mandela’s birth centenary.  These notes will cover all denominations - R10, R20, R50, R100 and R200 - and as part... 

South Africa's mining production down 4.3% y/y in April

14th June 2018 South Africa' mining output fell by decreased by 4.3% in April compared with the same month last year, the national statistics agency said on Thursday. Statistics South Africa said the largest negative contributors to the decline were platinum group metals (PGMs), which slid 6.5%, deducting 1.5... 

Govt commits to saving jobs in steel industry

13th June 2018 The South African government said on Tuesday that it will continue to work with the steel industry towards averting job losses in the sector, adding that it has put in place measures to save the steel industry from collapsing.  This emerged when officials from the Department of Trade and Industry... 

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