Business In The News South Africa

SABC continues to eke out a living, MPs hear

PARLIAMENT, August 26 – The South African Broadcasting Corporation (SABC) remains technically insolvent as it awaits a bailout from the National Treasury, members of Parliament (MPs) were told on Wednesday. Briefing Parliament’s select committee on public enterprises and communications, SABC board chairman Bongumusa Makhathini told MPs the corporation was working with the Government Technical Advisory […]

Business In The News

Business urges “dysfunctional” Nelson Mandela Bay Municipality to employ CFO

PORT ELIZABETH, August 27 – The Nelson Mandela Bay Business Chamber (NMBBC) has raised concerns over the Nelson Mandela Bay Council’s failure to appoint key personnel to vacant positions, especially the position of Chief Financial Officer (CFO). NMBBC President Andrew Muir said this was despite National Treasury having gone on record to say that the failure […]

Lead South Africa

SA govt making efforts to secure growth, deal with unemployment – presidency

JOHANNESBURG, August 23 – President Cyril Ramaphosa’s government has made changes to visa regulations for tourists and highly skilled professionals, availed financial support for black farmers and black industrialists and upgraded industrial parks as part of efforts to secure economic growth and deal with unemployment, his office said on Friday. In a statement, the presidency […]

Lead South Africa

Gauteng’s Ramokgopa heads to Soweto after overnight looting of foreigners’ shops

JOHANNESBURG, August 15 – Gauteng member of the executive council for economic development and agriculture Kgosientsho Ramokgopa  headed to Soweto on Thursday following the rampant looting of foreign-owned shops overnight. Ramokgopa blamed the violence on anger over a weak economy and unemployment, adding that it was also a response to clashes earlier this month between […]