;Business | Lephalale Express Online News
Monday , February 18 2019
Breaking News
Home / Business


Isuzu bakkie and truck production under one roof

Isuzu Motors South Africa has on Thursday disclosed the merger between truck and bakkie production plant. CEO and Managing Director Michael Sacke said project to move Isuzu truck production facilities from Kempston Road in Port Elizabeth to Isuzu Motors South Africa’s central offices in Struandale, Port Elizabeth had cost the …

Read More »

Eskom battles under mounting debt

High levels of debt and default risk have left Eskom in dire straits as the power utility battles to meet demand. The embattled parastatal is facing a R420 billion debt burden and the Department of Public Enterprises (DPE) says the State-owned entity (SOE) will cease to exist at the current …

Read More »

Panel of experts to assess Eskom’s challenges

Public Enterprises Minister Pravin Gordhan says the Eskom Board will appoint a panel of experts to do an assessment of all the power supply challenges that the utility has encountered over the past few days. Gordhan said this during a debate on the State of the Nation Address (SONA), as …

Read More »

Eskom clinches a R15 billion loan facility

Eskom has finalised R15 billion credit facility with a consortium of local and international banks. In a statement on Friday, the Power Utility Group Chief Executive, Phakamadi Hadebe said government guaranteed facility will form part of finance of Eskom’s current capital expenditure programme. “We made significant progress in transitioning the business …

Read More »

Ground-breaking web tool helps small businesses

The Commission for Conciliation Mediation and Arbitration (CCMA) and  Business Unity South Africa (BUSA) have introduced free-to-use Web Tool, dedicated to help small businesses with labour relations processes. CCMA spokesperson Dumisani Mavundla said the Web Tool has up-to-date information including the recent amendments to Employment Law that factor the National Minimum …

Read More »

Hino SA sales ratings hit an impressive 99,80%

Hino South Africa came out top in the fourth quarter results in terms of overall ranking, excelling in all the categories for sales, service and parts. Hino SA Vice President, Ernie Trautmann said the brand’s ratings in all categories were at an all-time high. The brand had raised the benchmark …

Read More »

VWSA continue leading the market

Volkswagen Group South Africa (VWSA) ended 2018 as the local market leader of the passenger car segment for the eighth consecutive year with total sales of 83 449 units. Volkswagen Commercial Vehicles finished 2018 strong with December seeing the highest total sales figure for the year (all sales channels) of 1 …

Read More »

Parliament urges workers to be cautious bosses follow Minimum Wage Act

Portfolio Committee on Labour has encouraged all workers and organised labour to be vigilant, ensuring employers follow the National Minimum Wage Act, as promulgated in November 2018. The Act became operational from January 1, 2019. The government has set the R 20 hourly wage act for workers not covered by the …

Read More »

Mahindra’s sales tempo picked up in its new financial year

Mahindra South Africa topped its highest monthly sales ever during December 2018, including a new sales record for the whole year. In a statement on Friday, the Indian automobile manufacturer confirmed the sale of 440 new Mahindra SUVs and pick-ups in December, saying the sales bring to 5 486 new vehicles …

Read More »

Cut-off date for employment equity submissions looms

Employers in South Africa have one day to submit their Employment Equity (EE) online reports in line with legislation. Labour Department said closing date for the mandatory submission of EE reports is Tuesday, January 15, 2019. The Department of Labour said in a statement on Monday the 2018 EE Online …

Read More »
HTML Snippets Powered By : XYZScripts.com