Government must utilise digital age

Digitise government business to deliver fast, efficient services and automate community meetings to get more input into understanding residents’ needs and concerns. These were among...

Mahlobo ready to rush through energy plan

Energy minister David Mahlobo has announced a major energy indaba for the first week in December to get public participation on contentious issues like...

Huge fuel hike on the cards

South Africans can expect a hefty increase in the cost of fuel come December when the price of petrol can be expected to rise...

Franchise expo offers perfect opportunity for aspirant business owners

Franchise companies from around the country will flock to the Buffalo City Metro this week for the fourth annual Franchise Expo. The free three-day expo...

‘Coastline a key growth driver’

Capitalising on the coastal city of Buffalo City and transforming surrounding areas was at the top of the agenda at a two-day business seminar...

Massive funds boost for firms

The Eastern Cape Development Corporation (ECDC) has disbursed more than R168-million to 263 businesses in the 2016-17 financial year. Announcing the development financier’s annual results...

I wasn’t fired from SAA‚ Myeni says

The outgoing South African Airways (SAA) board chairperson Dudu Myeni said she was not fired from the state-owned airline but her term came to...

Rand slumps through R13.40/$ after Zuma’s Cabinet reshuffle

The rand extended losses against major global currencies shortly after President Jacob Zuma made a surprise reshuffle to his Cabinet. In a knee-jerk reaction‚ the...

Bonds lose ground on rand as Zuma axes Blade Nzimande

South African bonds were weaker in afternoon trade on Tuesday as the market followed a softer rand following President Jacob Zuma’s 12th Cabinet reshuffle...

‘Please explain 71% vehicle licence fee increase‚ Mr Minister’

The Justice Project South Africa has called on Transport Minister Joe Maswanganyi to explain why he increased vehicle licensing renewal by 71%‚ effective February...

‘We did not understand fully the agendas at play’ – McKinsey on Eskom

US global consultancy firm McKinsey said on Tuesday "we made several errors of judgement and process" as it announced that it would suspend work...

IN FULL: Why McKinsey is suspending work for state-owned companies in South Africa

McKinsey & Company statement on Eskom October 17‚ 2017 Over the past four months our Global General Counsel‚ Jean Molino‚ conducted a thorough investigation into the...

Eskom’s increase request worse than ‘attempting to milk a mosquito dry’: ANCYL

The proposed increase request by Eskom is worse than “attempting to milk a mosquito dry”‚ because it disregards the fact that more than 30.4...

Icasa raids China Mall

Retailers who sell communication devices that do not meet the regulatory‚ technical and safety requirements by the Independent Communications Authority of South Africa (Icasa)...

Cape Town wants to take over rail transport in city

Citing fears of a public transport collapse‚ the City of Cape Town has declared its intention to take over management of the commuter rail...

Travel companies give safety tips after robbery of 36 Dutch tourists

One of the 36 Dutch tourists who were robbed last weekend said he will only return to South Africa if his transport is driving...

National Treasury bails out SAA

The government has again come to the rescue of the financially crippled South African Airways (SAA) with a bailout of R3-billion. SAA will repay its...

Eskom to meet with Business Leadership SA over its suspension

Power utility Eskom says it has noted the decision by Business Leadership South Africa (BLSA) to suspend its membership. “Eskom’s Interim Group Chief Executive Johnny...

Motsepe brings new bank to SA with TymeDigital

African Rainbow Capital's banking partner has secured an operating licence from the South African Reserve Bank. This is the first licence issued to a...

Don’t trip … SAA cuts back routes in turnaround drive

South African Airways is cutting back the number of its local flights‚ while also reducing trips to major African countries. The troubled state-owned airline announced...

BLSA leader takes government to task

Business confidence in South Africa is at a 30-year low because of the behaviour of the government and its poor leadership‚ Business Leadership SA...

Auditor-general red flags SABC’s abysmal results; R3bn bailout an option

The auditor-general has warned about the going-concern status of the SABC‚ noting that the public broadcaster was commercially insolvent at the end of March. The...

Business Leadership SA backs Cosatu strike

Business Leadership South Africa (BLSA) has endorsed the national strike called by trade federation Cosatu and urged businesses to allow employees to exercise their...

SAA to cut flights by 23%

South African Airways (SAA) plans to significantly reduce its flights by 23% from the end of the year‚ 37% of which would be on...

SA banks ‘safe‚ well capitalised and sound‚’ despite Moody’s rating

The Banking Association of South Africa said the decision by Moody’s ratings agency to maintain its negative outlook for the banking industry was because...

Investors eye ocean economy wave

The exciting ocean economy, or Operation Phakisa, takes another step forward today when potential investors gather in Buffalo City to listen to government set...

SA economy exits recession

By: Sunita Menon And Staff Writers SA has left the economic recession behind‚ for now‚ as gross domestic product grew 2.5% in the second quarter...

Eskom was warned against Trillion payments

Eskom could have saved more than R300-million had it listened to advice it received in December that payments to Gupta-linked financial advisory firm Trillian...

Manyi is the only shareholder in Lodidox

Former government communications boss Mzwanele Manyi is the sole shareholder in Lodidox‚ which bought the Guptas' media interests with a loan from them‚ Manyi...

Eskom lied about R1.6bn payments to Gupta-linked firm

By: Stephan Hofstatter And Sikonathi Mantshantsha Eskom chief financial officer Anoj Singh is allegedly behind the power utility’s lies when it defended payments of R1.6bn...

Gupta partnership ‘hurt’ state-owned arms firm Denel

State-owned arms manufacturer Denel is reeling after a bad year in which weapons orders plummeted‚ half its board jumped ship and a disastrous and...

Manyi furious over TimesLIVE request to reveal Lodidox shareholders

TimesLIVE has sent a legal letter demanding that Gupta ally Mzwanele Manyi provide information on the identities of the shareholders in his company Lodidox. Lodidox...

‘Dodgy deals’ and power struggle at PetroSA

By: Natasha Marrian And Genevieve Quintal Allegations of the attempted "capture" of PetroSA form part of an affidavit filed at the High Court in Cape...

UPDATE: Guptas selling Tegeta mining interests

Gupta-owned Oakbay Investments announced on Wednesday that it was selling its mining business Tegeta Exploration and Resources‚ as the controversial family faces growing pressure...

Guptas selling Tegeta mining interests

Gupta-owned Oakbay Investments announced on Wednesday that it was selling its mining business Tegeta Exploration and Resources to Swiss-based Charles King SA for R2.97...

‘Vodacom‚ I hope you’re having the worst day’ – Customers vent after data ‘theft’

Mobile network provider Vodacom has promised to reimburse customers who mysteriously lost data and said the error would be rectified. But the apology did little...

Banks may still not touch New Age accounts

Banks may still be cautious about allowing The New Age or ANN7 to open bank accounts for businesses purposes‚ even after the Guptas have...

‘Your jobs are safe‚’ Guptas tell staff

Staff at the Gupta-owned ANN7 and The New Age have been told that their jobs are safe following the announcement that Oakbay are pulling...

Six companies face possible prosecution over employment equity

The Department of Labour’s Inspection and Enforcement Services branch has announced its intention to take six companies to court for prosecution for failure to...

Guptas sell media businesses to Manyi

The Guptas have agreed to sell their shares in The New Age newspaper and ANN7 channel to Lodidox‚ owned by Mzwanele Jimmy Manyi‚ for...

JSE opens firmer on upbeat Standard Bank interims

The JSE opened firmer on Thursday‚ supported by Standard Bank and Gold Fields on upbeat results and a positive trading update from troubled cement...

SAA’s small business procurement policy ‘illegal’

SAA's procurement policy‚ which sets aside 30% for small businesses‚ is illegal and will expose the airline to legal action by suppliers‚ including Bidair...

Entrepreneurs gather in EL to map their way to success

The  “I am an entrepreneur” business summit was in East London for its fourth session over the weekend, connecting over a hundred young entrepreneurs. The...

Rand perks up on improved global risk appetite

The rand was a shade stronger on Monday morning‚ partly reflecting an improvement in global risk appetite. In the absence of fresh developments in the...

KPMG acts against three partners over Gupta leaks disclosures

"Mistakes have been made‚" KPMG SA said on Friday. The auditing firm announced it had suspended its lead audit engagement partner and was relieving...

Bonds strengthen slightly as investors await signs of Zuma’s political future

South African bonds reversed from earlier weakness and were marginally firmer shortly before midday on Tuesday‚ as markets eyed the no-confidence vote in President...

Rand weakens slightly ahead of Baleka Mbete’s call on MPs’ vote

The rand was weaker against the dollar on Monday just before midday‚ after trading sideways earlier in the day. The local market was awaiting the...

Reserve Bank asked to release ‘apartheid-era’ secrets

The South African History Archive (SAHA) is going to the High Court in Johannesburg on Friday to compel the South African Reserve Bank to...

Chamber of Mines in court on Friday over new mining rights

The Chamber of Mines said on Thursday charged that the Department of Mineral Resources (DMR) Head Office has instructed all its regional offices to...

Top trends analyst comes to rattle EL’s business cages

Fashion guru turned trends forecaster Dion Chang will soon be rattling the cages of East London’s business and education communities with a groundbreaking talk...