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Union Solidarity said in a statement on Thursday that it sent a letter to Telkom asking for a moratorium to be placed on what it called “forced retrenchments”, which could potentially see 3 000 jobs cut. Telkom issued a Section 189 notice to start the process of consultation to restructure its business, citing a need […]

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The JSE reversed earlier losses as it advanced to close firmer on Wednesday on the backdrop of improved South African retail sales data for the month of November. Retail sales year-on-year advanced 2.6% from a prior recording of 0.4%, while retail sales month-on-month rose 3.1% from a prior recording of 0.1%. The rand did gain […]

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President Cyril Ramaphosa told mourners at the official state funeral of revered entrepreneur Richard Maponya on Wednesday that he would work to develop a youth entrepreneurship academy in the businessman’s honour. The state funeral took place at the University of Johannesburg’s Soweto campus. Maponya passed away last week Monday after a short illness. He was […]

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An index tracking SA consumer confidence has remained unchanged at a 2-year low for the fourth quarter of 2019. The FNB/BER Consumer Confidence Index came in at -7 index points, below its long-term average reading of +2. It was unchanged from the third quarter of 2018. “This suggests a general pessimism among South African households, […]

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Text description provided by the architects. The grapevines bud and bloom, bear fruit and drop their leaves. Enjoy the pastime of grape-growing close at hand and experience the seasonal changes the vines go through along with them. Bask in the pleasant shade, let the murmuring of the leaves tell of the breeze, have your fill of […]

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The St. Louis Aquarium at Union Station, a 120,000-sf, attraction built inside the footprint of a 500,000-sf 19th century iron umbrella train shed, has recently opened. The aquarium is the centerpiece of a $160 million family entertainment complex developed for Union Station by Lodging Hospitality Management. Designed by PGAV Destinations, the two-story project features exhibits […]

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Finance Minister Tito Mboweni has again taken to Twitter to express his frustration, with his views on the role and independence of the SA Reserve Bank taking centre stage of a heated online debate. “As a long standing member of the ANC and its leadership structures, I know and understand our resolutions. I don’t need […]

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The Shoprite Group on Tuesday confirmed that it had accepted a judgment by the National Credit Regulator and has processed the payment of the fine imposed on one its subsidiaries, Shoprite Investments, for extending credit to some of its customers too easily. In September 2017, the National Credit Tribunal (NCT) found that there were instances […]

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Eskom does not expect any loadshedding Wednesday. There is still sufficient capacity available from its emergency reserves to meet Wednesday’s forecasted demand, it said in a statement on Tuesday evening. There was adequate generation capacity to meet Tuesday’s demand in electricity, and as a result no loadshedding was implemented. “We are monitoring the system closely […]

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Six years ago a major development was announced in South Africa. Billed as a game changer, it was meant to alter the urban footprint of Johannesburg, Africa’s richest city, forever. The Modderfontein New City project was launched amid much fanfare, expectation and media hype. Zendai, a Chinese developer, bought a 1600-hectare site north-east of Johannesburg […]

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