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Black farmers urge Mboweni not to hike excise taxes

18th February 2019 The recently launched Black Tobacco Farmers Association (BTFA) on Monday called for government to keep excise taxes at their current level as finance minister Tito Mboweni readies to table his maiden Budget this week.  BTFA said their call to action was inspired by the SA Revenue Service's (Sars)... 

Bosasa files for voluntary liquidation

18th February 2019 African Global Operations, formerly Bosasa Operations, on Monday announced that its group of companies were filing for voluntary liquidation following the closure of bank accounts and this would lead to 4 500 job losses. "It is with deep regret that the board of directors announces the closure of... 

Barloworld shareholders approve BEE share scheme Khula Sizwe

15th February 2019 JSE-listed Barloworld Group shareholders have voted in favour of the company's broad-based black economic empowerment (BBBEE) share scheme, Khula Sizwe, following an extraordinary general meeting.  The industrial brand management group on Friday, said this transaction will pave the way for it to... 

Pioneer Foods four months revenue up 7.8%, buoyed by UK price inflation in UK

15th February 2019 Pioneer Foods said on Friday its turnover increased by 7.8% in the four months to 31 January, primarily driven by price inflation in bread, wheat flour, rice, export fruit and a sound volume growth in these products and breakfast cereals in the UK. The owner of brand names such as Weet-Bix,... 

Mondi expects earnings for 2018 to rise 25% to 29%

15th February 2019 Paper and packaging company Mondi said on Friday it expected earnings before interest, taxes, depreciation, and amortization for the year ended December 31 to be above that of the comparable prior year period of €1.48-billion. Mondi, which will release its results on February 28, said special... 

Load-shedding 'not likely' on Friday – Eskom

15th February 2019 Eskom was not likely to implement load shedding on Friday, the power utility said. "Due to further improvement in generation performance and the notable strides made in replenishing water and diesel reserves, Eskom is not likely to implement load shedding on Friday. We thank South Africans and... 

Ramaphosa sets up cabinet committee to manage Eskom daily

14th February 2019 President Cyril Ramaphosa said a special cabinet task team has been established to deal with the Eskom crisis and provide him with reports daily on the State of the power grid and "what actions need to be taken to ensure energy supply". Responding to the debate on the State of the nation address,... 

Ramaphosa rules out any privatisation of Eskom

14th February 2019 President Cyril Ramaphosa on Thursday emphatically ruled out privatising any part of Eskom as government moves to split the struggling power utility into three separate entities. In reply to the parliamentary debate on his state of the nation address, Ramaphosa urged critics of the plan to... 

Train sets numbers improve in the Western Cape – Metrorail regional manager

14th February 2019 There has been a great improvement on the number of train sets which are currently in operation compared to last year, Metrorail Western Cape regional manager Richard Walker said on Thursday. “We are currently operating 48 train sets which is an improvement from where we came down last year being... 

SA infrastructure think tank slams Eskom's hiring of foreign engineers

14th February 2019 The Infrastructure Research Development Centre (IRDC) said on Thursday it opposed the government's decision to bring in external engineers to investigate the crisis at State utility Eskom's power stations. Public enterprises minister Pravin Gordhan on Wednesday told Parliament that a panel of... 

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