FIN 24 – Economy

FIN 24 – Economy

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Fin24 Economy

While Eskom was forced to implement power cuts earlier this month, for the better part of two weeks it has managed to avoid load shedding despite unplanned breakdowns being well above its goal. How did they do it?
Posted: January 28, 2020, 2:07 pm
According to its projections, 95 Octane petrol will drop by around 13 cents a litre in February.
Posted: January 28, 2020, 8:48 am
Eskom has brought back into the fold a former senior project manager at the company, who left to work at the Redondo Peninsula Energy company in the Philippines in 2017, to manage the Kusile construction project.
Posted: January 28, 2020, 7:37 am
Andre de Ruyter says said that while he favours letting companies generate their own power, there will be significant initial costs.
Posted: January 28, 2020, 6:41 am
Apis Cor, an American construction firm that specialises in 3D printing, completed the world's largest 3D-printed building in Dubai at the end of October.The building stands at 9.5 metres.
Posted: January 27, 2020, 6:28 pm
With the SA economy expected to grow at less than 1%, this would be insufficient to curb an increase in the vacancy rate of commercial property and to prop up real property values at recent levels, according to John Loos, property sector strategist at FNB.
Posted: January 27, 2020, 12:19 pm
'Our forecast shows that the system is tighter than last week,' says the power utility.
Posted: January 27, 2020, 9:26 am
Despite Finance Minister Tito Mboweni describing "many fruitful conversations" at the World Economic Forum in Davos, Switzerland last week, CNN business editor Richard Quest had harsh words for Team SA at the international gathering.
Posted: January 27, 2020, 9:16 am
Andre de Ruyter, will this week present a draft plan to change how the power utility operates, as media reportw he’s considering unbundling the utility at a slower pace than envisaged by the government.
Posted: January 27, 2020, 8:02 am
Zimbabwe's government has approached the United Arab Emirates in hopes of selling a stake in its national oil company, according to three company and government officials familiar with the plan.
Posted: January 27, 2020, 7:53 am
Autopax – the bus subsidiary of Prasa, which operates Translux and City to City – says government is "working on a plan" following an announcement that staff would only be paid half their salaries for January.
Posted: January 27, 2020, 7:03 am
Thousands of security guards providing services to Mpumalanga Province have embarked on a strike since Tuesday as they have not yet received their December payments.
Posted: January 25, 2020, 4:13 pm
The National Union of Metalworkers of South Africa has warned yet another company invoking section 189 of the Labour Relations Act – Samancor Chrome – that it would fight its plans to cut 595 jobs at its smelting operations.
Posted: January 25, 2020, 3:57 pm
Tesla shares hit $100bn for the first time, triggering a payout plan that could be worth billions for Elon Musk, founder and chief of the electric carmaker.
Posted: January 25, 2020, 7:02 am
The South African wine industry should put more focus on supplying higher value products both locally and internationally, according to the chairperson of Vinpro.
Posted: January 25, 2020, 6:49 am
Former Eskom board chairperson Zola Tsotsi told the state capture commission that Tony Gupta had threatened to have him removed.
Posted: January 25, 2020, 5:15 am
SARS' unit that tackles illicit financial flows has recovered R2.6bn in taxes since April 2019.
Posted: January 24, 2020, 6:32 pm
Public Works says Eastern Cape Education Department has not been paying bills.
Posted: January 24, 2020, 5:33 pm
The system is constrained but the risk of load shedding remains low for the weekend, says Eskom.
Posted: January 24, 2020, 5:01 pm

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