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Get the latest Business and Financial news in South Africa as it happens.

Saturday: Stage 2 loadshedding plunging SA into darkness

Eskom will implement stage 2 load shedding and load curtailment from 08:00 on Saturday morning, and this is likely to continue until 22:00 this evening. South Africans could soon experience their first-ever stage 4 load shedding, after Eskom confirmed that the stage allocation would be altered. The current stages of …

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Blade Nzimande plugs R2m into New Age

Pro-government newspaper The New Age received an advertising injection of more than R2m from the Department of Higher Education, which joins a host of other departments in directing advertising to the Gupta-family owned newspaper. The Guptas, famous for using Waterkloof Airforce Base to land charter planes full of guests for …

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SA economy plunged in uncertainty – report

South Africa’s already sluggish economy slowed down even more in March, according to the latest BankservAfrica Economic Transaction Index (Beti). “SA’s economy is still growing, but not fast,” Mike Schussler of Economists dotcoza told Fin24 on Wednesday. “One month the economy is up, and then it’s down. It shows a …

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Officials blame each other for missing chairs

Dumisane Malamule

The Mpumalanga department of health and the Mbombela local municipality have blamed each other for missing chairs that have left patients with sore feet at a local clinic. Health spokesperson Dumisane Malamule said the chairs at the White River Clinic were removed by municipal officials three months ago. “Yes, we …

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Another arrest in Witbank SBV robbery


The Hawks in Mpumalanga arrested another person in connection with a massive robbery at SBV’s cash centre in Mpumalanga last year, bringing the total arrested so far to 17, spokesman Brigadier Hangwani Mulaudzi said on Sunday. Titus Maila, 45, was arrested at his home in Bronkhorstspruit and taken to the …

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Burglar shot dead in Kempton park


A burglar was shot dead in Kempton Park on Johannesburg’s east rand, police said on Monday. At around 9.15pm on Sunday, the owner of the Wholesale complex in Newton Street was woken up by security guards who informed him that his alarm had gone off, said Captain Jethro Mtshali. The …

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Business confidence drops in Dec

Sacci’s Business Confidence Index (BCI) shed 2.5 points in December 2014, declining to 88.3 from 90.8 in November, it said on Thursday. This was the lowest level since July 2014 when it measured 87.9, the SA Chamber of Commerce and Industry (Sacci) said in a statement. “Given the highest level …

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SARS Suspends Richer again

The SA Revenue Service’s strategic planning and risk group executive, Peter Richer, has been suspended again, Sars said on Wednesday. Richer was officially suspended on Tuesday, it said in a statement. He and deputy Sars commissioner Ivan Pillay were initially suspended on December 5 amid allegations of a special projects …

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Cape gov reshuffle: nothing sinister

A recent reshuffle in the DA-led Western Cape government had nothing to do with quotas of Afrikaner representatives, former Health MEC Theuns Botha said on Saturday. “The media speculation of any sinister reason for Minister [NomaFrench] Mbombo and I swopping portfolios is unfounded and untrue,” said Botha in a statement. …

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