Category: BUSINESS
India cutting Russian oil imports by 50% after US talks: White House – SABC News
However, Indian sources said the cut was not visible yet, though it could be reflected in import numbers for December or January. Refiners had already placed orders for November loading
Read MoreFinance ministers agree on G20 Africa Engagement Framework – SABC News
G20 Finance Ministers and Central Bank Governors have agreed to launch the G20 Africa Engagement Framework – a multi-year initiative that builds on past G20 work to address growth and
Read MoreGovernment to re-industrialise North West economy: Ndabeni – SABC News
The Minister for Small Business Development, Stella Ndabeni, says the national government will implement several interventions to re-industrialise the economy of the North West to drive job creation. Ndabeni made
Read MoreRestructuring at SABC sales may lead to retrenchments: HR Head – SABC News
South African Broadcasting Corporation (SABC) Human Resources Group Executive, Rachel Masuku, says a restructure at the public broadcaster’s sales division may lead to possible retrenchments. Masuku was speaking in an interview regarding salary
Read MoreSA has focused on cross-border payments during G20 Presidency: SARB – SABC News
South African Reserve Bank Governor Lesetja Kganyago says South Africa has focused on cross-border payments during its G20 Presidency. In the financial transactions, the sender and receiver are in different
Read MoreCourt strikes Tourism Board case against De Lille – SABC News
The Pretoria High Court has struck off an urgent court roll case brought by the dissolved South African Tourism board against Minister Patricia de Lille. The ousted board had approached
Read MoreNamibia central bank chief calls for diamond royalty relief extension – SABC News
Namibia’s central bank governor Johannes !Gawaxab called on Wednesday for an extension to a royalty discount granted to Namdeb to help the diamond miner through a protracted global market downturn,
Read MoreCity Power crippled by contractor protest over unpaid bills – SABC News
Johannesburg City Power says it’s working on resolving a R1 billion backlog it owes contractors. The payment dispute has led to disruptions to City Power operations as contractors staged a
Read MorePOPCRU demands answers regarding members’ pension balances reduction – SABC News
The Police and Prisons Civil Rights Union (POPCRU) has raised concern over unexplained pension fund reduction that its members have reported. POPCRU says its members have reported a drop in
Read MoreAuditor-General paints bleak picture of SABC finances – SABC News
The Auditor-General (AG) has painted a worrying picture of the South African National Broadcaster’s (SABC) financial health. This is despite receiving a second consecutive unqualified audit. The AG has raised concerns over
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