Load-shedding & water cuts: Joburg makes plans for ‘worst-case scenario’

Contingency plans to ensure the provision of essential services are being drawn up by the City of Johannesburg as it tries to mitigate the crippling impact of rolling blackouts. South Africa entered it’s fifth consecutive day of stage 4 load-shedding on Wednesday. Rolling blackouts have also continued throughout the nights, albeit at a reduced level. […]

Continue Reading

Fake $100 bills totaling 20 million seized from Kenya bank vault

Kenyan police have seized $20 million of counterfeit banknotes that had been stored in a personal safety deposit box at a branch of Barclays Bank Kenya, the directorate of criminal investigations said. Police had also arrested six people, including two of the bank’s staff, the directorate said late on Tuesday in a statement posted on […]

Continue Reading

Countless Capetonians remain homeless while golf clubs rent land for R1000 per year

dable housing. “It cannot be that wealthy private clubs and associations with so few members pay less than R1000 a year to use our best land as golf clubs, bowling greens and parking lots when hundreds of thousands of residents are without access to land or decent housing,” said Nkosikhona Swaartbooi, Ndifuna Ukwazi’s head of […]

Continue Reading

Clicks finance clerk charged with stealing R4m from retailer

A finance clerk at Clicks allegedly defrauded the retail giant of more than R4m. Themba Maneli, 24, appeared in the Cape Town Magistrate’s Court after being arrested last week with his girlfriend, Nanky Kanase, 24, Hawks spokesman Captain Philani Nkwalase said on Wednesday. On Monday, the asset forfeiture unit and the Hawks’ serious commercial crimes […]

Continue Reading

GORDHAN: ESKOM’S POWER CRISIS NOT SYMPTOMATIC OF GOVERNANCE CRISIS IN SA

Public Enterprises Minister Pravin Gordhan said on Tuesday that Eskom’s power crisis is not symptomatic of a governance crisis in SA. Gordhan made the comment during a media briefing on the current state of the power utility. Eskom board chair Jabu Mabuza and group chief executive Phakamani Hadebe were also in that briefing. The minister […]

Continue Reading

Business counts cost as Eskom battles power shortages

State utility Eskom will make more power cuts this week as it struggles with capacity shortages that threaten to stymie President Cyril Ramaphosa’s efforts to boost investments and economic growth. Eskom supplies more than 90% of the power in SA but has suffered repeated faults at its coal-fired power stations, along with low water levels […]

Continue Reading

Gordhan, Mabuza to brief media on electricity supply problems

Public Enterprises Minister Pravin Gordhan and Eskom board chairperson Jabu Mabuza will brief the media on the current electricity supply problems that the country is currently experiencing on Tuesday morning. The briefing will take place in Rosebank, north of Johannesburg. Eskom says it will continue to implement stage 4 loadshedding, as large parts of the country is currently experiencing […]

Continue Reading

ADvTECH revenue up due to growing tertiary education demand

Private education group ADvTECH on Monday reported a 14 percent increase in operating profit to R725 million for the year ended December 2018. ADvTECH said its revenue and profits were buoyed by its African expansion strategy and the tertiary division continuing on a growth trajectory. Revenue was up 11 percent to R4.4 billion while normalised earnings […]

Continue Reading