# Solidarity will push for decisive intervention after the mining group Assmang issued a notice regarding the possible closure of its Beeshoek iron ore mine near Postmasburg in the Northern Cape. The mine’s sole major client, ArcelorMittal SA, is under severe financial pressure. Solidarity says it will participate during retrenchment consultations as 688 permanent jobs […]
# The Bureau for Economic Research says South Africa’s economic outlook depends on whether the government and the South African Reserve Bank work together on a new three-percent inflation goal. In its latest report, the bureau warns strict government spending and high interest rates are slowing growth, with the gross domestic product expected to grow […]
# Die Mededingingskommissie appelleer in die Konstitusionele Hof teen die uitspraak van die Mededingingsappèlhof rakende die randmanipulasie-saak. Die saak, wat van vandag tot Vrydag aangehoor word, sal poog om die aanklagte te laat herleef teen 13 banke wat beskuldig word van die manipulering van die rand-dollar-wisselkoers tussen 2007 en 2013. Aanklagte is teruggetrek teen die […]
# Future Forex has called for substantial fines on banks found guilty in the rand manipulation saga to prevent future currency rigging. The Competition Commission is appealing the Competition Appeal Court’s ruling at the Constitutional Court, against 13 banks accused of manipulating the US dollar to the South African rand exchange rate between 2007 and […]
# The Competition Commission is appealing the Competition Appeal Court’s ruling in the rand manipulation case at the Constitutional Court. The case, set for hearing from today to Friday, seeks to revive charges against 13 banks accused of rigging the US dollar to the South African Rand exchange rate between 2007 and 2013. Initially, 28 […]
# Suid-Afrikaners kan nie oorgerus wees waar dit by geldbestuur kom nie, selfs al het die rentekoers gedaal. Dis die mening van Just Money se bedryfs- en verkoopsbestuurder, Sarah Nicholson. Die Reserwebank het verlede maand die terugkoopkoers met 25 basispunte verlaag tot sewe-persent. Dit beteken handelsbanke se prima-uitleenkoers het tot 10,5-persent gedaal. Nicholson sê versigtigheid […]
# Even with interest rates easing, South Africans cannot afford to let their guard down when it comes to managing money. This is according to JustMoney’s operations and sales manager, Sarah Nicholson. The South African Reserve Bank reduced the repo rate by 25 basis points to seven-percent last month. As a result, the prime lending rate for commercial banks decreased […]
# Eskom het sy eerste herwinbare energie-onttrekkingsprogram bekend gestel deur groot kragverbruikers te nooi om 291-megawatt sonkrag te bekom. Dis deur langtermyn kragaankoop-ooreenkomste van die kragverskaffer se herwinbare energie-aanlegte. Dis deel van Eskom se voortgesette ontwikkeling van ‘n gebalanseerde enegiemengsel wat uit steenkool, kernkrag, gas, herwinbare en energie-opberging bestaan. Die kragverskaffer se woordvoerder, Daphne Mokwena, […]
# Die Metaalwerkersvakbond Numsa sê hy voer samesprekings met die Departement van Handel, Nywerheid en Mededinging om strategiese vennote te kry om die Goodyear SA fabriek in die Oos-Kaap oor te neem. Die bande-vervaardiger in Kariega het sy deure verlede Vrydag gesluit met ‘n gevolglike 900 werkverliese. Die woordvoerder van Numsa, Phakamile Hlubi-Majola, sê hulle […]
