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Post Office to become fully-fledged bank – CEO

26th April 2017 Plans are under way to remodel the South African Post Office (SAPO) into a fully-fledged bank, CE Mark Barnes said on Wednesday. “Let me tell you about where you are and what the future is. We believe that the Post Office will prove to be a critical element in financial inclusion, for a number of... 

SAA pleads with customers to ‘bear with it’ as cabin crew strike intensifies

26th April 2017 South African Airways (SAA) on Wednesday pleaded with its customers and stakeholders to “bear with it” amid operational delays and flight cancellations due to industrial action by members of its cabin crew. Around 200 flight attendants have gathered outside the SAA head office in Kempton Park in... 

DA launches court bid to force Zuma to reveal reasons for Cabinet reshuffle

25th April 2017 The Democratic Alliance on Tuesday filed an urgent application with the Pretoria High Court to compel President Jacob Zuma to reveal his reasons for last month’s sweeping Cabinet reshuffle. The head of the party’s federal executive, James Selfe, said the application went hand in hand with the... 

Metrobus implements improved operating hours on OR Tambo-Joburg CBD route

25th April 2017 Johannesburg Metrobus announced on Tuesday that it has implemented improved operating times on the OR Tambo International Airport route during off-peak hours to connect commuters with airlines. “Passengers travelling to and from OR Tambo International Airport will find the additional bus services... 

Reserve Bank’s leading business cycle indicator up 1.1% in February

25th April 2017 The South African Reserve Bank said on Tuesday its composite leading business cycle indicator increased by 1.1% on a month-to-month basis in February 2017. “Six of the ten component time series that were available for February 2017 increased, while four decreased,” the bank said. 

Ekurhuleni sets aside R12bn to assist youth owned businesses and SMMEs

25th April 2017 The Mayor of Ekurhuleni Mzwandile Masina on Tuesday said the city has set aside R12-billion to ensure youth owned businesses and small, medium-sized and microenterprises (SMMEs) to reposition themselves as capable and preferred service providers to government. “The money will be ring-fenced to... 

Africa urged to transform dependence on commodities

25th April 2017 Even as the world emerges from the worst of the global commodity price meltdown, African countries were urged on Tuesday to make the most of the next upward cycle to diversify and industrialise away from over-reliance on exports of raw materials. In a statement, Dr Martyn Davies, Deloitte... 

DA wants National Treasury to blacklist companies involved with Nkandla upgrades

25th April 2017 The leader of the Democratic Alliance (DA) Mmusi Maimane on Tuesday said not a single one of the 14 companies involved in the scandalous upgrades at Nkandla has been blacklisted, or “placed on the restricted supplier database”. “The Minister of Public Works Nathi Nhleko has revealed that 8 of the... 

Western Cape to grow business ties with incoming French government

25th April 2017 The Western Cape Investment and Trade and Promotion Agency (Wesgro) said on Monday it was closely monitoring the remaining leg of the first round of France’s most contested and controversial election with the aim of growing business ties with France and the European Union (EU). Widely considered... 

More than 2 million tertiary students get NSFAS funding – Nzimande

24th April 2017 More than two million students studying at South Africa’s public Universities and Technical and Vocational Education and Training (TVET) colleges have been funded by the National Student Financial Aid Scheme (NSFAS) since 2013, the Minister of Higher Education and Training Dr Blade Nzimande said... 

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