Business In The News South Africa

Workers walk out of wage negotiations with Eskom

JOHANNESBURG, June 8 – The National Union of Metalworkers of South Africa (Numsa) on Thursday walked out of wage talks with Eskom, saying that negotiators of the state-owned power utility had adopted a hostile attitude and were employing bully tactics to intimidate its officials. Numsa said that the second round of wage talks broke down because  Eskom brought specialised […]

Business In The News South Africa

Mantashe sees “solid” mining charter after consultations

JOHANNESBURG, June 1 – The South African Mineral Resources Minister, Gwede Mantashe is confident of delivering a “solid” new charter for the industry after holding the last community consultation in KwaZulu-Natal province, his department said late on Thursday. Mantashe has been holding meetings around the country with stakeholders on a new document to drive transformation […]

Business In The News South Africa

Steinhoff Africa Retail to revert name back to Pepkor

JOHANNESBURG, May 30 – Steinhoff Africa Retail (STAR) announced on Tuesday, that its board has taken a decision to change the company’s name back to Pepkor Holdings, subject to shareholders approval, in a bid to reaffirm the company’s independence from scandal-hit Steinhoff International. Earlier, STAR reported a 12.2 percent increase in headline earnings per share to 52.6 cents for the six […]