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For the time being, the public sector strike has ended
But unions and federations aim to boost the ante in 2023, with Popcru stating they are 'important services employees without vital income'. Labour groups representing public-sector employees plan to escalate their campaign against the government's pay offer after the holidays, with some pushing for a full-fledged walkout. Workers have flatly rejected the government's 3% baseline
Eskom received no Christmas gift
Tariff pain for consumers has been postponed till the new year. Consumers will now have to wait until the new year for word on what is likely to be a significant rise in electricity tariffs. Nersa, the energy regulator, has been allowed an extension to establish Eskom's prices for 2024/25; it now has until January
MUSK SAYS HE WILL RETIRE AS TWITTER CEO ONCE A SUCCESSOR IS FOUND
Elon Musk said Tuesday that he will leave as CEO of Twitter once a replacement is found, in apparent reaction to a survey he sponsored that indicated users wanted him to step down. Elon Musk said Tuesday that he will leave as CEO of Twitter once a replacement is found, in apparent reaction to a
How to Budget in South Africa During the Holiday Season
Despite the fact that mid-December is traditionally associated with recuperation and leisure, it may also be a time of financial hardship for some South African families, according to Lynn Bolin, head of communications at M&G Investments. According to M&G Investments, the holiday season comes with its own set of costs, such as buying gifts for
South Africa's best-performing stocks this year
Recent research from investment firm Nedgroup offered investment insights into South Africa's best-performing equities, with some exceeding a 50% rise by 2022. Nedgroup Investments is a South African asset management firm with about R350 billion in assets. According to the organisation, major global central banks have begun one of the most rapid monetary policy tightening
Woolworths introduces click-and-collect for online purchases – how it works
Woolworths, a major South African retailer, has teamed with logistics provider Pargo to expand its online delivery network and allow consumers to pick up their online shopping at Pargo click-and-collect pick-up sites near them. According to Woolworths, this agreement would allow consumers to pick their shipments from a convenient location and time, giving them more
Jobs in South Africa with the highest average salary
Statistics South Africa's employment data indicates which workers in the country's formal, non-agricultural industries get the highest average wages. The Quarterly Employment Survey data from Stats SA covers eight key industries or sectors in South Africa, which are further subdivided into 20 sub-categories, primarily made up of various manufacturing sectors, as well as a split
The most frequent vehicle insurance claims over the holiday season – and how to prevent them
The Christmas season is a time of long-awaited vacations and celebrations. It's also known for seasonal spikes in traffic accidents and vehicle-related crimes like theft and hijacking. According to Ernest North, co-founder of Naked Insurance, these are the most prevalent vehicle insurance claims during the December holiday season. According to Stats SA, 42,000 households experienced
Eskom's predicament is worsening
Eskom CEO Andre de Ruyter's departure is a big blow for the state-owned power provider and South Africa for a variety of reasons. It comes at a time when the utility, which generates 95% of the country's power, need steady leadership. Stability is essential for success in Eskom's three major transformations. It must reverse the
There will be a cabinet reshuffle coming up
Following the outcome of the ANC's 55th elective conference, President Cyril Ramaphosa will have to replace his government in the coming weeks. Fikile Mbalula, the Transport Minister, has been elected as the party's secretary-general, a full-time job in Luthuli House. Mbalula told the media after the election that he would retire as transport minister as
Good news! petrol price is expected to fall in January
Weekly data from the Central Energy Fund (CEF) reveals that motorists in South Africa will be entering the new year with a substantially lower petrol price – and an even greater decrease on the cards for diesel. According to CEF statistics for 16 December 2022, motorists may expect an R1.93 per litre drop in petrol
What the law says regarding home security cameras in South Africa
According to Roy Bregman, a property law specialist at Bregman Moodley Attorneys, CCTV systems should always be put with consideration for a neighbouring property. "Problems can arise when you cross the line of monitoring your own property and someone else's," he adds. In terms of privacy and the law, Bregman stated that if your camera
Johannesburg will declare a state of disaster
Following disastrous rains that devastated infrastructure and cost the city millions, the City of Joburg has declared a local state of disaster. Joburg mayor Mpho Palatse warned on Monday (19 December) that severe downpours that contained larger than typical hail stones caused damage to property, wildlife and flora,and key infrastructure in the city, including roads,
Rand goes up as Ramaphosa is elected to a second term as ANC president
On Monday (19 December), the South African rand gained more than 2% versus the US dollar after Head Cyril Ramaphosa was re-elected to a second term as ANC president. Following the news, the rand gained to R17.22 per dollar, having begun the day around R17.60 ahead of the election results. The rand's destiny has been
South Africa's new retail mall and office trends
According to John Jack, CEO of Galetti Corporate Real Estate, South Africa's commercial real estate industry has been steadily recovering, with new trends expected to define the next year. When most lockdown limitations were relaxed mid-year in 2022, the sector sighed a collective sigh of relief, allowing many employees to return to in-person employment. However,
Musk has asked Twitter followers to vote on whether he should stand down
Elon Musk, who has been under fire for recent policy changes at Twitter, has asked users to vote on whether he should stand down as the social media site's CEO. In a tweet Sunday, the billionaire owner of Twitter and CEO of Tesla Inc. committed to follow the results of the poll. With 9 hours
'We feel exonerated,' says Parliament in response to army presence at Eskom
Sahlulele Luzipo, chairwoman of Parliament's Portfolio Committee on Mineral Resources and Energy, has welcomed the deployment of the South African National Defence Force (SANDF) at four Eskom power facilities. Late on Saturday, News24 reported that at least ten troops will be stationed at each of the following power stations: Majuba, Camden, Grootvlei, and Tutuka. According
South Africa has scored yet another big own goal
As remote workers emerge onto the travel scene, South Africa has once again been left behind due to the government's inability to change the country's visa rules. According to the City of Cape Town, South Africa is passing up an important opportunity to boost tourism and the economy after Home Affairs Minister Aaron Motsoaledi stated
WhatsApp is getting eight new features
WhatsApp is continually changing, with frequent upgrades for iOS, Android, and desktop. Avatars, call upgrades, and view-once text messages are among the new features that have been handed out to the public or are presently being tested. The Meta-owned corporation will test its upgrades on beta testers before releasing them to the whole public. WABetaInfo
Volvo Trucks unveils new electronic trucks & available in South Africa
Swedish truck maker Volvo has unveiled a set of new electric trucks and these are also available in South Africa. Volvo is looking to continue expanding its range of electric trucks with the launch of several new extra-heavy units, also available in the country. The Swedish car and truck manufacturer’s plan is that half of