Hungarian energy group MOL has transferred the transit fee for use of the Ukrainian section of the pipeline
None of the interventions addresses the dysfunction that makes an initiative like this necessary in the first place
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
The hefty hike will be felt by all South Africans when gas-reliant manufacturers such as those that produce bread, are forced to hike prices
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
SA may announce more stringent lockdown measures in coming days to curb a resurgence of coronavirus infections and the spread of a new variant, people familiar with the matter said.
The National Coronavirus Command Council (NCCC) met Saturday to discuss possible measures, while weighing the impact any moves will have on the economy, said the people, who asked not to be identified because the talks aren’t public.
Among the options being considered are ways to try to boost the nation’s vaccination rate, they said.
Tyrone Seale, spokesperson for President Cyril Ramaphosa, declined to comment beyond a statement issued on Friday in which the presidency said that the outcome of the NCCC meeting will help determine whether further consultations are required at the level of the President’s Co-ordinating Council.
South African scientists this week identified the new variant, known as omicron, setting off alarm bells around the world. The UK led nations in introducing travel bans on SA and its neighbours, posing a threat to the nation’s tourism industry, which accounts for 7% of economic output. The EU, US and much of the world has followed.
Government officials have criticised the travel ban.
Only about a third of South African adults are fully vaccinated against the coronavirus.
The number of new coronavirus cases more than tripled this week to 2,465 on Friday, according to the Health Department. The proportion of positive tests rose to 9.2% from 6.5% a day earlier, National Institute for Communicable Diseases data shows.
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.