Finance Minister Pravin Gordhan has congratulated the City of Johannesburg after the Fitch Ratings agency upgraded its national long-term rating. Fitch also upgraded the national senior unsecured ratings on outstanding bonds and affirmed the city’s...
The Department of Trade and Industry (dti) has welcomed Chinese company YI LI DA SA’s R150 million blanket factory which is expected to create 1000 direct jobs in Boksburg, Gauteng. The Chinese company recently opened the eco-friendly factory that...
President Jacob Zuma has signed into law the Criminal Matters Amendment Act, which will help to curb infrastructure-related crimes. The act amends the Criminal Procedure Act of 1977. It will see the introduction of harsher sentences for the...
Jozi@Work, the City of Johannesburg’s R3-billion mass empowerment and job-creation programme, on recently offered a further R120 000 in work packages to Soweto’s small businesses and co-operatives – bringing to more than R660 000 the total value of...
Rustenburg Municipality’s manager Bheki Khenisa was saved from suspension by opposition parties who staged a walk-out at a special council meeting on Friday. The meeting collapsed after opposition parties walked-out and about seven African...
South Africa’s rand strengthened more than 4 percent in early trade on Monday, extending overnight gains after President Jacob Zuma named Pravin Gordhan as the new finance minister. Zuma late on Sunday restored a widely respected Gordhan to...
Failure to get the R22.8bn Eskom wants to recover in its application to the National Energy Regulator of South Africa (Nersa) will weaken the power utility’s balance sheet and worsen its financial ratios, Eskom finance director Anoj Singh...
The Black Industrialist Programme (BIP) will boost transformation and provide impetus towards job creation and industrialisation in the current fragile economic climate, according to PwC. “There is a compelling need to increase the number of black...
The Competition Commission of South Africa on Thursday confirmed it had issued a R64.1 million fine to construction giant Murray & Roberts for its involvement in sector collusion related to construction projects for the 2010 World Cup....
