images 2 1603287617774

Business: Transnet clean Oil Spill Amidst Theft

South African company Transnet pipeline has begun the cleaning of the oil spill in Duban amidst an attempted theft. This as been an occurrence in time past The organization gauges as much as 60,000 liters of unrefined petroleum was spilled. Transnet Pipelines has had more than 80 episodes of fuel robbery this money related year […]

650 1601877759923

South Africa: A united and stronger Leadership required to save Eskom

Shifting goal posts and signs and symptoms of instability are now not helping to rebuild believe between residents and Eskom. Eskom has extended its request to citizens for load shedding to continue from previously projected 18 months to about 29 months (to March 2022). The biggest subject from Eskom is the unpredictability of their aged […]

images 1 1601269542582

Business: Eskom’s new CEO plans to fix South Africa’s utility

Andre de Ruyter knew properly the adversity he confronted at South Africa’s strength monopoly — a state-owned wreck hollowed out with the aid of corruption that struggles to hold the lights on, pay its bills and play ball with a unionized workforce. “I don’t suppose I was once under any illusion that this wasn’t going […]

73a46a8c4ec3427db979f3b0fbf8338d 1595572568501

Business: SAA creditors must meet the unmet guarantee condition on Friday

The commercial enterprise rescue practitioners of South African Airways have called a creditors’ meeting for Friday 24 July, on the foundation that a condition set in the enterprise rescue sketch has no longer been met. The unmet condition relates to government having to grant confirmation excellent to the Development Bank of Southern Africa (DBSA) as […]

123be4ada7d7487fbcd642d1aec5889b 1594007946665

Numsa and Sacca threaten legal action over SAA liquidation

The South African Cabin Crew Association (Sacca) and trade union Numsa have threatened to go to court to challenge a possible liquidation of South African Airways (SAA) after the government indicated it will no longer provide further funding for the embattled airline. This came two days after National Treasury, in a briefing to Parliament, presented […]

73a46a8c4ec3427db979f3b0fbf8338d 1593177429998

Cabinet supports SAA restructuring plan, okays equity sale

South African government supports restructuring proposals for SAA that include job cuts as well as the introduction of equity partners in the long troubled airline. In a statement released on Friday, Cabinet said it was in support of “… the concerted effort to mobilise funding from various sources”, including the introduction of potential equity partners. […]