Category: BUSINESS
NUM warns Eskom restructuring could threaten economy, jobs
The National Union of Mineworkers (NUM President Phillip Vilakazi says the restructuring of Eskom comes with no benefits to the economy. Speaking at a media briefing in Johannesburg, Vilakazi called
Read MoreSA unemployment rate rises to 33.6% in Q2: Stats SA
Statistics South Africa data shows that the unemployment rate rose by 0.9 percentage points, from 32.7% in the first quarter to 33.6% in the second quarter of the year. The
Read MoreBRICS nations discuss linking payment systems and CBDCs: RBI chief – SABC News
Members of the BRICS group of nations are discussing potential linkages between their respective fast payment systems and central bank digital currencies, Reserve Bank of India Governor Sanjay Malhotra said
Read MoreNorth West jobseekers turn to social media to make a living – SABC News
The North-West continues to be amongst the provinces with the highest unemployment rates in the country. With limited job opportunities, some people, including women, have given up on the traditional
Read MoreRamaphosa’s Eskom Restructuring Task Team not in public interest: NUM
The National Union of Mineworkers (NUM) says President Cyril Ramaphosa’s approval of the Eskom Restructuring Task Team is not in the interest of the public. Phase One report recommends establishing
Read MorePikitup strike continues amid corruption, nepotism allegations
Promises of permanent jobs, allegations of nepotism and corruption have pushed Pikitup casual workers in Johannesburg into an ongoing strike, disrupting service delivery. The casual workers say they were promised permanent employment
Read More29 foreign nationals arrested during labour blitz in Hammarsdale
Twenty-nine foreign nationals have been arrested during a multidisciplinary labour inspection in Hammarsdale, west of Durban. Among those arrested were a Chinese factory owner and her husband, who were allegedly
Read MorePIC welcomes court ruling to re-install Dlamini as CEO
The new board of the Public Investment Corporation (PIC) has welcomed this week’s judgement of the Pretoria High Court to re-install Patrick Dlamini as the PIC’s CEO. In a statement
Read MoreUS dollar rises against yen as markets eye Iran deal – SABC News
The US dollar rose against the Japanese yen on Thursday, helped by safe-haven positioning from investors awaiting details on a proposed deal to end the Iran conflict and ahead of
Read MoreKganyago pushes for growth-oriented reforms – SABC News
South African Reserve Bank (SARB) Governor Lesetja Kganyago has urged South Africa to be less risk-averse and take greater risks to support economic growth. Kganyago welcomed the government’s decision to
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