Despite widespread speculation that Ketso Gordhan, CEO of cement giant PPC, resigned because of differences on his African expansion strategy, or the wage freeze he enacted for senior staff, City Press has learnt he left because the board of directors refused to let him fire a senior manager.
Dewald van Rensburg
The resignation of two more senior Eskom executives this week all but eliminates the entire executive team put together by the company’s former chief executive, Brian Dames.
The long battle over collective bargaining in the manufacturing sector is coming to a head. The labour court has given the Metals and Engineering Industries Bargaining Council (MEIBC) one month to fend off a legal attack that could undermine it completely.
South Africa’s new banknotes will, in all likelihood, bear the signature of current deputy governor Lesetja Kganyago.
Gold mines were slammed this week for allegedly distorting the science around silicosis in their bid to quash a colossal class action potentially involving tens of thousands of sick former mine workers or their dependants.
On Thursday this week, Eskom experienced one of the highest levels of “unplanned outages” on record, about 7 000 megawatts.
The Industrial Development Corporation (IDC) has, for the second time in five years, set itself the target of disbursing R100 billion in five years.
The gold mining multinationals born in Johannesburg in the 1990s are being decisively dismantled, signalling a new chapter in the South African gold industry’s 110-year history.
The state’s long campaign to break the steel monopoly of ArcelorMittal SA (Amsa), took a decisive step this week with the Industrial Development Corporation (IDC) announcing it may have a new R50 billion “low-cost iron and steel facility” up and running in 2017.
The furniture retail industry is taking a monumental knock as the unsecured credit bubble continues to deflate this year.
The first conclusive evidence of insider trading for the benefit of Aurora Empowerment Systems role players has come to light.
Teba Limited, the company born out of the 112-year-old migrant labour agency for South Africa’s mines, wants to branch out into other kinds of migrant labour, including farming, construction and the domestic worker sector.
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Tuesday. I’m hanging in a huge tent. I’m waiting for the Commander in Chief. It’s been a long, sweaty wait.
When South Africans wanted details of President Jacob Zuma’s mysterious “rest and relaxation” visit to Russia last month, the response from the highest office was dismissive.