New vehicle sales have surged for the second month in a row, supporting evidence that consumer spending is on the mend as the economic recovery gathers momentum. Overall sales leapt 16,2% in the year to last month, accelerating from a 12% increase in January, as demand for passenger cars climbed, an industry body said yesterday. […]
Execs' earnings to be capped in bailouts
The Government aims to cap salaries and bonuses paid to executives of companies that are bailed out by the taxpayer. Economic Development Minister Ebrahim Patel said R1 billion had been set aside by the Industrial Development Corporation to assist companies in distress as a result of the recession. A number of conditions would be attached […]
New confusion over Malema's deregistration of firms
Allegations of forgery, arguments with journalists and mixed-up documentation were all given as reasons why Julius Malema is named as a director of companies that receive government tenders. At a press conference yesterday Malema’s lawyer, Tumi Mokwena, showed journalists photocopied proof that the companies and intellectual property registration office (Cipro) was in the process of […]
DA welcomes funds proposal for road maintenance
The Democratic Alliance on Tuesday welcomed Transport Minister Sibusiso Ndebele’s announcement that the department would look at ring-fencing funds to tackle the road infrastructure backlog. This was a measure the DA had repeatedly called for in the past — in the form of a dedicated road maintenance fund with funding sourced from the fiscus and […]
Orange Farm residents' demands 'reasonable' – Motshekga
The demands of Orange Farm residents are reasonable, ANC Chief Whip Mathole Motshekga said on Tuesday after meeting the community’s leaders. “Their demands are reasonable as you can see that projects are unfinished here and there’s sewerage in the streets. The ball is now in our court as government to address the issue,” he said. […]
S.Africa: ANC’s Phosa in defence of Hitachi deal
ANC treasurer-general Mathews Phosa says he has lived up to his promise by advising the ANC’s front company to divest its shares in a company benefitting from the electricity price hike. ANC front company Chancellor House owns 25percent of the shares of Hitachi Africa, which has a R38billion contract to install boilers in two new […]
S.Africa: Zuma must take stand on Zimbabwe – DA
Democratic Alliance parliamentary leader Athol Trollip on Monday urged President Jacob Zuma to use his upcoming official visit to the United Kingdom to take a decisive stand on Zimbabwe. Zuma is scheduled to leave for the UK on Monday, and Zimbabwe is expected to be high on the agenda. Trollip said Zuma needed to focus […]
Airports ready for World Cup influx
There will be an extra 120 000 flights over the World Cup period, the Airports Company said yesterday. At a briefing on the airports’ preparedness for the tournament, Acsa group manager of operations Andre Vermeulen said there had been an increase in the number of requests for more slots in June and July from commercial […]
Springboks give their backing to Bafana Bafana
The Springboks threw their weight behind Safa, Bafana Bafana and the World Cup preparations yesterday. SA Rugby Union president Oregan Hoskins and national coach Peter de Villiers were in Durban at the celebrations marking the 100-day countdown to the tournament. Hoskins predicted an “outstanding and memorable African World Cup”. “We are heading into one of […]
120,000 extra flights for World Cup
An extra 120,000 flights have been allocated over the 2010 Fifa World Cup period with more slots still available, the Airports Company SA (Acsa) said on Tuesday. At a briefing on the airport’s preparedness for the World Cup, Acsa’s group manager of operations Andre Vermeulen said there had been an increase in the number of […]