Eskom suffered a net loss of R2.3-billion in 2018, the state-owned power producer revealed at it financial results presentation on Monday.
The power utility said its net cash from operations declined from R45.8-billion to R37.6-billion, as it struggled with leadership and operational challenges.
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The larger municipality of Vereeniging, Vanderbijlpark, Sebokeng and Sharpeville have recently learned from Eskom that there will be power outages from 6 August due to the huge overdue debt owed to the national power supplier. Eskom has declared that they will interrupt power on a regulated basis, enabling organizations to arrange their operations. The monthly debt..
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David Makhura has pledged to return vacant land to the people, and not to wait for parliament. The Gauteng African National Congress conference has resolved to release vacant land as soon as possible for implementing expropriation of land without compensation and will not wait for the go ahead from parliament, chairman and premier David Makhura..
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A Russian delegation is due to come to South Africa to work out a more detailed resettlement plan with the Boer community. The first families of Boers, descendants of Dutch, French and German settlers in South Africa, could soon be moving to Russia to escape farm murders, anti-white racism and rising violence against farmers. An estimated 15,000 Boers want to leave South Africa and become farmers in Russia.
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The situation in Zwelihle, Hermanus reached a volatile point last night, 19 July 2018, when one of our members was attacked and severely assaulted by protestors. The member was robbed of his 9mm firearm and shotgun during the attack. He was admitted to hospital where he is being treated. Operations to quell the violence in..
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The SA Reserve Bank announced that the lending rate to banks remains the same at 6.5%. The prime lending rate will remain at 10%. The bank’s view of growth in the country for 2018 has been adjusted downwards to 1.2% which is still no motion of confidence in its own government. The Reserve Bank also..
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The parliamentary constitutional review committee heard on Thursday that only land belonging to white people should be expropriated without compensation. This is according to one of the hundreds of community members in Rustenburg who attended parliament’s North West leg of public hearings on whether section 25 of the Constitution‚ which deals with property rights‚ should..
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Mazibuye African Congress (MAC) is the newest political party on the South Africa scene. The organisation, founded by two former Economic Freedom Fighter (EFF) members, has already caused a stir by claiming to be an exclusively black party with a strict anti-white membership policy. Mazibuye African Congress says whites will not be able to join..
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During a municipal election, the radical EFF received only one vote. However, the election was reckoned to be one of the lowest polling stations that has yet to be reported. Not even 10% of registered voters have made an attempt to go to the polls. Of the 453 registered voters, only 45 had arrived at..
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Finance Minister Nhlanhla Nene has demanded an explanation from SAA for its contract with interim chief financial officer Robert Head that will see him pocketing more than R5‑million for six months’ work.
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The family trust of former VBS Mutual Bank chairperson Tshifhiwa Matodzi was allegedly paid nearly R5-million from Vele Investments’ heist of money from VBS Mutual Bank.
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In response to skyrocketing petrol prices, the #FuelPricesMustFall campaign has taken to KwaZulu-Natal’s city streets and major highways in protest. Hundreds of motorists were stuck in traffic congestion on Wednesday morning as a result of the demonstration. The purpose of the #FuelPricesMustFall campaign is to raise awareness regarding the issue of escalating fuel prices. The..
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Cape Town’s infamous unfinished freeways, resulting from a failed construction project in the 1970’s, are to remain as is, for now. Following a tender process which concluded in February, controversy and legal concerns have scrapped the planned refurbishment. Construction of the Foreshore Freeway Bridge concluded in 1977. The unfinished bridge which looms over the city..
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The ANC on Wednesday confirmed the arrest of one of its employees allegedly involved in “serious crimes”.
This comes after Johannesburg Mayor Herman Mashaba made a claim that one of the suspects arrested in a recent cash-in-transit heist in Dobsonville, Soweto was an employee at the ANC’s Luthuli House headquarters.
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Victims of crime, yearning for justice, may be waiting in vain, as recent reports reveal the disappearance of 658 police dockets in the space of five years. Missing South African Police (SAPS) dockets account for huge delays and invalidations within the criminal justice system. The report on missing dockets stems from a request made to..
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