US crude stocks fell 7.1-million barrels in the week to August 12, Energy Information Administration data shows
SA’s policy on Russia in the wake of Moscow’s invasion of Ukraine is, like defence minister Thandi Modise, missing in action
Operators are already asking for more, particularly for 5G rollout, after milestone auction in March
The party’s internal leadership contest in December is expected to gain momentum once the the nomination process kicks off
The group says the new agreement won't affect its recent operational guidance, which was recently cut by as much as 9.33%
The rand will continue to lose value if we don't adopt policies that create a superior emerging market with a far lower risk premium
The claim by Sars that it costs the country R31bn is wrong — the real cost is about R4bn a year
Shkreli is permanently barred from serving as a public company officer or director
Coach Arthur Zwane is confident recent losses will add grit to the team's game
‘It is worrying that some other conditions, such as dementia and seizures, continue to be more frequently diagnosed after Covid-19, even two years later’
President Cyril Ramaphosa's plan to split Eskom into three separate entities is being strongly opposed by the National Union of Metalworkers of SA (Numsa) and the National Union of Mineworkers (NUM).
Ramaphosa said in his state of the nation address (Sona) on Thursday that Eskom would be broken up into three state-owned entities: generation, transmission and distribution.
He also said that noncore assets of state-owned enterprises would be sold but that there would be no privatisation of strategic state-owned assets.
Numsa general secretary Irvin Jim said on Friday the break-up of Eskom was “nothing more than privatisation through the back door”, which was rejected by the union.
“Only an Eskom which is completely owned and controlled by the state is the best guarantee for cheap electricity. History has shown us that once the private sector is allowed to step in, prices increase and massive job shedding is inevitable,” Jim said in a statement. “The unbundling of Eskom will result in ...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.