Business In The News South Africa

Govt bailouts won’t help SAA, says former finance minister Trevor Manuel

JOHANNESBURG, October 3 – Former South African finance minister, Trevor Manuel, said on Tuesday that government bailouts would not help the country’s state-owned airline to escape its troubles, insisting that South African Airlines (SAA) needed to get serious about its corporate governance. This comes after the South African government on Friday approved the transfer of […]

In The News South Africa

NFP calls on government to take responsibility of R14 mln student matter

JOHANNESBURG, August 31 – The National Freedom Party (NFP) has called on the government to take full responsibility for the situation regarding the R14.1 million that was “accidentally” deposited into the account of a Walter Sisulu University student, and to stop shifting blame. “We, yet again as a country, find ourselves in a panic mode because of […]

In The News International

Dubai to Use Artificial Intelligence in Government Services, Public Sector – Reports

DUBAI, March 28 (Sputnik) -The UAE city of Dubai will use “cognitive computing,” in performing a number of operations in the government and private sector in order to improve operational effectiveness, local media reported Tuesday. The Smart Dubai Office and Smart Dubai Government Establishment launched an artificial intelligence (AI) smart laboratory to begin training of […]

In The News South Africa

Government releases details about big transformation deals in construction

PARLIAMENT – Government on Monday released details of its agreement with construction companies to promote transformation in the sector, saying black-owned firms and equity owners could see turnover totalling between R21bn and R27bn annually over the next seven years. The agreement which was entered into following the companies being fined R1.4bn for collusion, would see […]