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Eskom to overspend by more than R52 billion on power contracts

A report submitted to Parliament Appropriations Committee by the Office of the Central Procurement Officer has uncovered Eskom will overspend by R 52, 2 billion or 48, 5% on the Medupi and Kusile Power stations, according to Democratic Alliance (DA) Deputy Minister of Finance Alf Lees. Lees said in a …

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Minimum wage implementation looms

Companies and businesses that can’t pay for the endorsed R20 minimum wage will apply for exemption with the Department of Labour. The online application will be up and running soon. Department of Labour Deputy Director: Employment Standards Mathilda Bergmann told employers must consult with trade unions and workers and to …

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Eskom signs R20 billion credit facility with seven banks

Eskom has on Wednesday signed R20 billion short-term credit facility with a consortium of local and international banks. The government guarantee facility will form some part of the fund of Eskom’s present capital expenditure programme. Eskom’s Interim Group Chief Executive Phakamani Hadebe said the terms of the facility are practically …

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Discount, Retail, farm and forestry Sectors minimum wage hike in February

The Department of Labour has announced the minimum wage increase in different sectors with effect from March this year. Departmental Spokesperson Teboho Thejane said the minimum  wage in the Wholesale and Retail part will increase by 5,1 and 6,6 percent, while workers in the farming and forestry industries will get 5,6 percent …

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Wage review to alleviate poverty  

The government will review the National Minimum Wage in the work markert consistently to ease destitution. Labour Department Director Stephen Rathai told stakeholders the government was thinking about inflation and the cost for fundamental things to review the national minimum wages every year. The national minimum wage is planned for …

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