Business In The News South Africa

SA records trade surplus of R9.5 bln for May – SA Revenue Service

CAPE TOWN, June 30 – South Africa registered a trade balance surplus of R9.5 billion for May this year, according to trade statistics released by the South African Revenue Service (Sars) on Friday. The stats, which include trade information with Botswana, Lesotho, Namibia and Swaziland, shows a year-to-date improvement in the trade balance. Between January […]

Business In The News South Africa

Zwane meets with Anglo Gold Ashanti after retrenchments announcement

JOHANNESBURG, June 30 – Mineral Resources Minister, Mosebenzi Zwane, on Friday instructed the Minerals and Petroleum Board to verify whether the information provided by Anglo Gold Ashanti that it plans to retrench over 8,000 workers took into consideration industry commitments to save jobs. This comes after AngloGold Ashanti said on Wednesday that it had started a consultation process […]

Business In The News South Africa

Sibanye’s Cooke Operations to resume production as strike called off

JOHANNESBURG, June 30–  Sibanye Gold said on Friday that production at its Cooke Operations near Randfontein, south-west of Johannesburg, would resume on Monday following the conclusion of an unprotected strike which started in the first week of this month. The unprotected strike at Cooke Operations began after Sibanye began implementing measures to combat illegal mining by prohibiting […]

Business In The News South Africa

‘We have to do better to ensure economic growth’ – Gigaba

JOHANNESBURG, June 30 – South Africa needed sustainable economic growth of at least five percent to the Gross Domestic Product (GDP) in order to get out of the negative economic climate, Finance Minister Malusi Gigaba said on Friday. He addressed a business breakfast organised by the Progressive Business Forum (PBF) at the African National Congress (ANC) […]

Business In The News South Africa

Gauteng Roads and Transport invests billions in roads and public transport infrastructure

Sello Theletsane As part of the Provincial Government’s commitment to modernise and integrate the transport system, the Gauteng Department of Roads and Transport will launch the pilot project for single e-ticket in October later this year. The pilot project is one of the key deliverables of the ITMP25 to develop a fully integrated Automatic Fare […]

Business In The News South Africa

Companies Tribunal dismisses Dudu Myeni’s application with costs

PRETORIA, June 29 – South African Airways (SAA) chairperson Dudu Myeni’s application to have a compliance notice against her, issued by the Companies and Intellectual Properties Commission, set aside was dismissed with costs by the Companies Tribunal on Thursday. “The respondent [Companies and Intellectual Property Commission] issued the compliance notice to the applicant [Myeni] on November […]