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

No load shedding, early today

South Africans could soon experience their first-ever stage 4 load shedding, after Eskom confirmed that the stage allocation would be altered.

Businesses can expect no load shedding for the first half of the day, Eskom has announced. In a statement, the power utility said there is enough electricity generating capacity to meet demand. “The power system is stable at present and should there be a need to load shed in the …

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Housewife worth more than R50 000 per month

If one had to pay a South African housewife for all the work she does, it would easily cost R500 000 per year, Netwer24 reported on Sunday. This is based on research done by American Steve Nelms, who calculated what it would cost if he had to pay professional service …

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Tsotsi decision favoured Guptas: report

Zola Tsotsi

Several decisions made by former Eskom board chair Zola Tsotsi bent the rules of the power operator, including influencing a decision to award a contract worth an estimated R400 million-a-year to a coal mine owned by the Gupta family, The Sunday Times reported. According to the report, Tsotsi, who resigned …

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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

sbv

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

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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