NEWS

Every 24hrs of Stage 6 loadshedding costs R12bn

Every 24hrs of Stage 6 loadshedding costs R12bn

Source: EWN Eskom announced on Tuesday afternoon (28 June) that load shedding would be escalated to Stage 6 from 4 pm until 10 pm on both Tuesday and Wednesday. The beleagured power utility says it’s under increased pressure because of an illegal strike at some...

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No end in sight for consumer pain

No end in sight for consumer pain

By Ashley Lechman for IOL There seems to be no reprieve for South African wallets as another hefty fuel increase is predicted for next week, as well as economists anticipating further interest rate hikes. The Organisation Undoing Tax Abuse (Outa) said on Monday it...

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Five WFH facts that management doesn’t want to admit

Five WFH facts that management doesn’t want to admit

By Steve Prentice for CEOWORLD The concept of working from home ricochets around the media like an echo in a canyon, and the stories reveal an interesting duality. First, most employees whose jobs can be done from home actually enjoy it and would like all or at least...

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Historically high office vacancies paint grim economic outlook

Historically high office vacancies paint grim economic outlook

By Victoria Ashwin for BizNews Growthpoint painted a bleak picture for its retail, office and industrial sectors in its investor update released on 15 June. The company has a market cap of R44.8bn at the time of writing and is the largest listed real estate investment...

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Can employers still enforce mask-wearing in the workplace?

Can employers still enforce mask-wearing in the workplace?

By Lauren Salt for Mondaq After 818 days of mandatory mask-wearing, the Minister of Health, Mr Joe Phaahla, repealed the new National Health Act Regulations relating to the Surveillance and Control of Notifiable Medical Conditions (“NHA Regulations”)....

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Message from the chairman: June 2022

Message from the chairman: June 2022

In December last year, I informed the Board that I would step down as Chairman at the end of this financial year. So this is my final message to you, our members, and the industry as a whole. It’s been a turbulent 10 years with many challenges and changes, not...

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Caxton’s takeover battle

Caxton’s takeover battle

Caxton probably has more familiarity with competition law than just about any other company in SA, including giants such as Sasol, Anglo or Telkom, according to a recent article in Business Day. The company’s latest outing before the competition authorities...

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Suspensions can hang employers

Suspensions can hang employers

By lvan lsraelstam, chief executive of Labour Law Management Consulting Suspension occurs when an employer requires an employee temporarily to vacate its premises for reasons related to alleged misconduct or poor performance. The effect of a suspension is that the...

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Bank employee steals over R36m from dead client

Bank employee steals over R36m from dead client

By Alex Mitchley for News24 A former First National Bank employee has been arrested in Limpopo for allegedly stealing over R36-million from a deceased client. On Friday, the Hawks’ Serious Commercial Crime Investigation Unit arrested the 28 year-old suspect, who...

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How to get your Kulula refund

By Maya Fisher-French for News24 After announcing the suspension of flights last week due to funding issues, Comair this week announced that it had applied for liquidation. The application will be heard in court on Tuesday. According to a press statement released by...

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Biometric data can’t fix SA’s massive SIM fraud problem

Biometric data can’t fix SA’s massive SIM fraud problem

By Rual de Vries for MyBroadband The Communications Risk Information Centre (Comric) says that relying solely on collecting customers’ biometric data to curb SIM swap fraud won’t do the trick. Comric is a non-profit organisation established by MTN, Cell C, Telkom,...

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