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  • Eskom making strides in disciplinary, criminal cases as it moves to wipe out corruption

    21 November 2018 2:27 PM 25

    Eskom CEO Phakamani Hadebe says the power utility has made considerable progress in clearing up disciplinary and criminal cases against implicated officials from within, concluding 822 of the 1 049 disciplinary cases that commenced since April. Speaking to Parliament’s portfolio committee on public enterprises on Wednesday, Hadebe said 97 of these 822 finalised

  • Axed SARS commissioner Moyane may testify at state capture inquiry

    21 November 2018 10:27 AM 24

    Axed SA Revenue Service commissioner Tom Moyane may take the stand at the judicial inquiry into state capture should his lawyer's application to cross-examine Public Enterprises Minister Pravin Gordhan succeed. Gordhan is presently testifying before Deputy Chief Justice Raymond Zondo. Moyane's lawyer, Eric Mabuza, said they had informed the commission

  • Inflation rises slightly to 5.1% in October

    21 November 2018 8:14 AM 26

    StatsSA announced on Wednesday that annual consumer price inflation had come in at 5.1% for October, 0.2 percentage points higher than the 4.9% for September. On average, prices increased by 0.5% between September 2018 and October 2018. Ahead of the announcement, NKC African Economics had forecast that annual CPI would be 5.2% in October, noting the main driver

  • Companies urged to register cannabis trademarks as pot takes root

    21 November 2018 4:25 AM 23

    Global companies who plan to diversify or launch their cannabis products have been advised to identify their consumer base, create their brand and file a trademark ahead of the competition. "The opportunities to create new brands for cannabis-based products are endless, and so too should the requisite protection of intellectual property protection be in place

  • Small boost for tourism accommodation in September

    20 November 2018 1:56 PM 23

    Income from tourism accommodation in South Africa increased by 4.3% year-on-year in September 2018, according to StatsSA. The increase came amid a 0.3% decrease in the number of stay unit nights sold, but a 4.6% increase in the average income per night. The Stats SA report covered private and public enterprises providing short-stay commercial accommodation

  • Netcare to boost local infrastructure after UK exit

    19 November 2018 6:27 PM 29

    Private hospital group Netcare [JSE:NTC] says it has set aside R1.6bn on expansion projects in the country for 2019, with upgrades for Milpark Hospital and St Augustine's. Capital expenditure of approximately R600m would include the expansion of Milpark with 100 beds, which is due to be commissioned in 2020, while Durban's St. Augustine's Hospital will benefit

  • Momentum backtracks, will reimburse family's premiums

    19 November 2018 4:27 PM 27

    Financial services and insurance group Momentum says it will reimburse the life insurance premium of a Durban man whose policy payout it rejected on the basis that he failed to disclose an existing health condition. The family of Nathan Ganas had been at loggerheads with the giant insurer over the payout, after it was discovered that he had high blood

  • Momentum sticks to its guns despite outrage over R2.4m life policy claim

    19 November 2018 11:44 AM 25

    Health and insurance group Momentum is sticking to its guns on the decision to reject a R2.4m life insurance payout for a Durban man due to non-disclosure of his health condition. Although the man who has been identified as Nathan Ganas died from gunshot wounds, the insurance group rejected his policy claim after it was discovered he had high blood sugar

  • 5 life hacks to ensure you don't get hacked

    18 November 2018 4:45 PM 30

    This year saw major data breaches in companies like British Airways and Facebook, and experts reckon this will continue throughout 2019. Speaking at Fortinet's international media conference in Sophia Antipolis France this week, global security strategist Derek Manky, shared simple things individuals and businesses can do to better protect their data. When signing

  • 'Don't do it': Consumers warned not to splurge on Black Friday and Cyber Monday deals

    18 November 2018 10:32 AM 64

    Deeply indebted consumers have been warned not to splurge on Black Friday and Cyber Monday sales as retailers tempt even the most financially distressed, said Debt Rescue CEO Neil Roets. Black Friday is taking place on Friday, 23 and Cyber Monday, 26 November. "While it is true that there will be some very tempting deals on offer, consumers should think