Business South Africa

Black Business Council cuts ties with BUSA

JOHANNESBURG, May 22 – The Black Business Council announced on Monday the termination of cooperation with Business Unity South Africa (BUSA), following over 23 years of partnership and dialogue between white and black business at the National Economic Development and Labour Council (Nedlac). BBC said the termination followed an “unfortunate incident” at the Nedlac Infrastructure […]

Business In The News South Africa

Saftu warms up to Amcu

JOHANNESBURG, May 22 – The new SA Federation of Trade Unions (Saftu) and the Association of Mineworkers and Construction Union (Amcu) are cooperating through campaigns to fight unemployment and a commemoration of the Marikana killings in August. Saftu general-secretary Zwelinzima Vavi said the two organisations would lead a “biggest mobilisation of working class” to the […]

Business In The News South Africa

SA to start renegotiating nuclear accords in June – energy minister

PARLIAMENT, May 19 – The South African government will start renegotiating its inter-governmental agreements on nuclear co-operation with five vendor nations from next month, Energy Minister Mmaloko Kubayi said on Friday. This comes after the government decided last week not to appeal a high court ruling that effectively halted procurement of new nuclear plants, which […]

Business In The News South Africa

EFF urges SA to stop relying on foreign investment after GM’s exit

JOHANNESBURG, May 19 –After the announcement by General Motors (GM SA) that they will be pulling out of the South African market, the Economic Freedom Fighters (EFF) said on Friday that GM’s decision to exit South African market called for a permanent solution, to build a domestic automotive industry as it would lead to loss of thousands of jobs. […]