PARLIAMENT, February 21 – National Treasury’s cash injections to Eskom to the tune of R23 billion a year to help it cover its debt are likely to continue for a decade, Finance Minister Tito Mboweni told MPs on Thursday. “It will be for ten years, so R230 billion. I think in the book we put […]
Month: February 2019
Numsa threatens strike action against IPPs, Eskom unbundling
JOHANNESBURG, February 21 – The National Union of Metalworkers of South Africa (Numsa) said on Thursday that it has decided to embark on a rolling mass action through a declaration of Section 77 in defense of Eskom. The union called for unity of all workers across various sectors of the economy to take to the streets, […]
Johannesburg court to subpoena pathologist in Pitch Black Afro murder case
JOHANNESBURG, February 21 -The Johannesburg Magistrate’s Court on Thursday postponed the bail application yet again of rapper Pitch Black Afro, whose real name is Thulani Ngcobo. This time the matter was postponed because the pathologist failed to show up at court. Ngcobo was arrested last month and has been charged with premeditated murder and defeating […]
Lonmin braces for Amcu strike after receiving notification
JOHANNESBURG, February 21 – Platinum miner Lonmin Plc confirmed on Thursday that it has received written notice of a secondary strike action from Association of Mineworkers and Construction Union (Amcu) to take place at its operations. Amcu is embarking on a secondary strike in the platinum and coal sectors next week in support of its members […]
Eat your heart out Messi and Ronaldo … Eswatini women’s star Celiwe Nkambule is closing in on 86 goals this season
MBABANE, Eswatini, February 21 – When Eswatini women’s soccer national team coach Fisiwe Hlophe set a season’s league goal-haul of 86 during the 2008/9 season for Imbabatane Ladies, little did she know that she would one day be coaching someone who has similar goal-poaching talents. Hlophe, an assistant coach at Eswatini Women Soccer League pacesetters […]
Sugar tax will shrink the industry, says SA sugar association
JOHANNESBURG, February 21 – The South African Sugar Association (SASA) said on Thursday it was disappointed by the announcement that there will be an increase in the Health Promotion Levy (HPL), commonly known as “sugar tax”. During his budget speech on Thursday, Finance Minister Tito Mboweni said government has decided to hike the sugar tax by […]
Politicians to get no pay increases, government to offer early pensions
PARLIAMENT, February 20 – Politicians and senior executives at state-owned enterprises can forget about pay increases this year, as Finance Minister Tito Mboweni announced measures to curb the government wage bill. “As a gesture of goodwill, members of Parliament and provincial legislatures and executives at public entities will not be receiving a salary increase this […]
Investment of over R100mln expected in Soweto
JOHANNESBURG, February 20 – City of Johannesburg Executive Mayor Herman Mashaba on Wednesday said that investment of over R100 million is expected in Soweto. On Wednesday Mashaba was joined by the MMC for Economic Development Leah Knott and the Joburg property Company (JPC) on a tour of filling stations in Soweto that will be made available […]
SA flags infrastructure investment plans of R526 billion
CAPE TOWN, February 20 – South Africa’s government has infrastructure investment plans amounting to R526 billion over the next three years and is stepping up its build programme by partnering with the private sector, development finance institutions and multilateral development banks for funding, the National Treasury said on Wednesday. President Cyril Ramaphosa’s government said last […]
Mboweni says talks with ratings agencies were ‘very difficult’
PARLIAMENT, February 20 – Finance Minister Tito Mboweni on Wednesday described the National Treasury’s talks with international ratings agencies on the eve of his first budget as “very difficult”. “Treasury officials had very, very difficult conversations with the ratings agencies,” he told a media briefing about two hours before he tabled the budget. “They were […]