Local

Petrol price to decrease by R1,84 on Wednesday

The Department of Energy has confirmed that the petrol price for December will be subject to a monster decrease, and one of the biggest recorded in South African history. It’s taken eight months for the tide to turn – November proved to be a false dawn when forecast price-drops failed[…]

Read »

Sports Minister calls on corporates to back Banyana

Sports Minister Tokozile Xasa says South Africans should support the fight for equal pay in sports. She’s called on corporates to come on board and back Banyana Banyana financially. Xasa was speaking at the team’s homecoming at the OR Tambo International Airport. This comes after Banyana Banyana qualified for the[…]

Read »

S&P keeps Eskom’s credit rating at junk status

Ratings agency Standard & Poor’s has kept Eskom’s credit rating below sub-investment grade. The power utility on Thursday evening issued a statement indicating that the ratings agency affirmed its foreign and local currency long-term ratings at CCC+, with a negative outlook. A CCC rating means that the power utility is[…]

Read »

The curious case of Prasa’s ‘simulated’ robbery

The 14 Passenger Rail Agency of South Africa (Prasa) security guards arrested late October for allegedly tying up fellow security guards and attempting to steal vehicles at the company’s head office in Pretoria were released last week on R2 000 bail each. Prosecutors asked for bail to be denied on[…]

Read »

Eskom paints gloomy picture as profits shrink

Eskom has painted a gloomy picture of a company living beyond its means. The power utility announced its financial results for the six months to September. Plagued by corruption as part of the state capture project, Eskom is now struggling to keep head above water. CEO Phakamani Hadebe says he[…]

Read »
WhatsApp WhatsApp us
Wait a sec, saving restore vars.