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Feb 13 2012 12:15
Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.
Feb 13 2012 10:43
Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Cape Town - Science and Technology Minister Naledi Pandor on Tuesday angrily dismissed fears the management battle at Eskom would scare off foreign investors, saying it was just a boardroom tussle.
You cannot turn a boardroom problem into a national economic crisis," she snapped at a journalist at a media briefing by Cabinet's economic and employment cluster in Cape Town.
Pandor added that the rand seemed to have strengthened in early trading on Tuesday and that the gold price was holding steady, defying any notion of a crisis.
She commended Public Enterprises Minister Barbara Hogan for moving swiftly to name board member Mpho Makwana as acting chairperson after Bobby Godsell resigned from the post.
Godsell quit on Monday after the government failed to back the Eskom board's decision last week to accept the resignation of CEO Jacob Maroga.