Oil prices fell after industry data showed US crude inventories unexpectedly rose last week
As the power of the West wanes world trade will increasingly happen in currencies other than dollars and euros
But Numsa’s Irvin Jim is adamant the sector can absorb the union’s demand for a 20% wage hike, way above the 6.5% headline inflation rate
MEC for economic development, tourism and environmental affairs Ravi Pillay resigned as a member of the KZN legislature and as a member of the executive committee
Final approvals are still needed for the potential stake of 10% in the emerging gas producer, which has faced delays at its Virginia Gas Project
Pressure builds on government to step in after citrus and wool exports have been hit by phytosanitary restrictions
That would allow President Ranil Wickremesinghe time to institute tough economic reforms to secure a bailout from the IMF
Failure to win on Saturday would put coach Ian Foster and captain under pressure in terms of their future with the team
Chris and Suzaan Alheit have been making some of the Cape’s finest whites for the past ten years, the latest vintage being no exception
Embattled electricity producer Eskom, which has described its financial situation as "very dire", is in secret discussions to terminate the employment of controversial executive Matshela Koko.
The parties are close to a separation agreement as the talks are now centred on the amount the head of generation would take to agree to leave. Talks are at a sensitive stage, according to three informed sources.
Last week, Koko was replaced by Willy Majola as interim head of generation, a move Eskom said was "a mutual agreement" for Koko "to settle in". Two senior government officials outside Eskom, however, confirmed there were plans to remove Koko within days.
The practice of paying officials suspected of corruption to go rather than face charges has been a common feature under President Jacob Zuma’s administration. How the ANC’s new leadership responds to a generous deal with Koko will be a key indicator of whether it intends to get tough on corruption.
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