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Fitch says policy implementation the problem in SA

Ratings agency Fitch has shared its views on the country's economic plan presented by Finance Minister Malusi Gigaba last week, and does not believe it will succeed.

Numsa strike update

A decision on whether a strike in the metal and engineering industry by the National Union of Metalworkers of South Africa will go ahead will be made known on July 21.

Matheson takes over Global Resources at Nike

Nike's Monique Matheson will take over at the helm of the company's Global Human Resources, succeeding David Ayre, who retires from the company this year.

Vodacom tightens its grip on Kenyan mobile market

The minority shareholders at Vodacom have voted overwhelmingly in favour of the proposed acquisition of a 35 percent stake in Kenya's Safaricom.

Brown refusing to talk Eskom bailout

Public Enterprises Minister Lynne Brown is refusing to comment on whether or not Eskom will receive a government bailout.

R600-million injected into Lakeside office revamp

Growthpoint Properties said the construction of Exxaro's new corporate headquarters at Centurion would cost in the region of R600-million.

Numsa threatens total shutdown of engineering sector

The National Union of Metalworkers of South Africa (Numsa) is not satisfied with the progress it has made with the employer and has warned that it will instigate a total shutdown of the engineering sector.

Outa calls resignation of SASSA CEO suspicious

The resignation of Thokozani Magwaza, Chief Executive Officer at the South African Security Agency, has sparked considerable outrage from opposition parties, but also from the Organization Undoing Tax Abuse (Outa).

19 000 Mazda cars recalled in SA

Vehicle manufacturer Mazda has issued a recall of 19 000 vehicles in South Africa, the manufacturer's local unit said on Monday.

Petrol to shoot up by seven cents to the litre this August

South African motorists are expected to encounter a setback at the end of July, as the petrol price is likely to increase by seven cents to the litre.

IDC investing R1-billion in steel industry

Kingsley Dell-Robertson, Eastern Cape Regional Manager for the Industrial Development Corporation (IDC), said innovation would be key, as South Africa battles it way out of the current steel crisis.
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