South Africa

Consumer Confidence in SA Lowest in Past 10 Years

Consumer Confidence in SA Lowest in Past 10 Years

A new report states that consumer confidence has been decreased for the first time in past 10 years. There seems to have slight improvement in the fourth quarter as stated by the Consumer Confidence Index of the Bureau for Economic Research.

It has been reported that this slight change has been increased from -8 to -7. Decrease in the pressure on disposable income and tight lending conditions have been held responsible for this whole cause.

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Telkom SA Reveals about R6m Loan Given to CFO for Share Purchase

Telkom SA Reveals about R6m Loan Given to CFO for Share Purchase

As per recent reports, it has been unveiled that Telkom SA has provided loan of R6-million to suspended chief financial officer Jacques Schindehütte. The loan was given three weeks before Schindehütte got suspended.

The loan was given to buy shares in the company as a part of the share incentive scheme programme. While talking about the loan, Telkom has affirmed that there is no link between Schindehütte's suspension and loan.

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Mandela is Unable to Speak but not Critical, says Ex-Wife Winnie

Mandela is Unable to Speak but not Critical, says Ex-Wife Winnie

According to a latest report, Nelson Mandela's ex-wife says during a press interview that Former South African president Nelson Mandela is not able to speak and is using facial expressions in order to communicate with his family as well as his friends.

Winnie Madikizela-Mandela explains that the 95-year-old remains quit and is also ill but is not serious as he is not on a life support machine.

Eskom Announces Blackouts in South Africa

Eskom Announces Blackouts in South Africa

On Monday, Eskom made announcement of frequent power cut throughout the country because of the surge in the demand of the tower. While announcing the power cuts, Eskom said that many households and business units would be hit by blackouts in the coming weeks.

Eskom Spokeswoman Hilary Joffe was reported as saying, “Summer is always a time when we do maintenance and take advantage of lower demand. The maintenance is more this year than previous years as we are tackling a backlog”.

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Zuma Visits Umzinyathi Area to Promote Health Care Services

Zuma Visits Umzinyathi Area to Promote Health Care Services

South Africa President Jacob Zuma along with KwaZulu-Natal Health MEC Sibongiseni Dhlomo visited Umzinyathi area to promote health services in eMakhabeleni ward.

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Thomas Ferreira Recovering Well After Road Mishap

Thomas Ferreira Recovering Well After Road Mishap

The young boy who was severely hit by the official vehicle of MEC Humphrey Mmemezi is said to be recovering well at Kurgersdorp hospital. The boy, Thomas Ferreira, got his brain damaged when he crashed with the vehicle, in the month of November.

Thomas Ferreira is just 18 years old and is said to be recovering. It has been informed that on the eve of Christmas, the boy complaint of high fever but now his fever has gone. It has been informed that the vehicle of Mmemezi was being driven by Semitsi Modomai when the accident took place.

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South Africa Reflects Lesser Economic Expansion Than Estimated

South Africa Reflects Lesser Economic Expansion Than Estimated

While appearing for a telephonic interview, the Head of Africa Economic research at Standard Chartered Plc in London, Razia Khan, has raised major concerns over existing economic environment in the South Africa and claimed that there was not a single person confident about a quarter-on-quarter contraction of that magnitude for mining.

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Mobile Subscription Will Reach One Billion By 2016

Mobile Subscription Will Reach One Billion By 2016

According to reports, gradually the African telecom industry was jumping as the recent data, presented by Informa Telecoms & Media showed that within few months the figure of mobile subscriptions in Africa was predicted to reach one billion by 2016 and currently the number has reached up to 616 million.

Sharing his views about the raised issue, Steven Evans, Etisalat Managing Director accounted that from a long time, he has tried his level best to open new base with the discussions related to the operator approach to decrease capital and operational expenses in Africa.

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Commission Spots an Effective Way to Milk and Honey

Commission Spots an Effective Way to Milk and Honey

According to reports, recently the National Planning Commission declared that by 2030, South Africa might become a ground of milk and honey for all its populace but certainly in order to reach the claim they need to make tough choices, mutual give ups and powerfully built management.

The reported information also highlighted the fact that the national development map was an important conclusion, which came after 18 months of hard work done by the 26-member commission, which is presided over by the Planning Minister in the Presidency, Trevor Manuel.

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Heating oil rises to hit 6-month high as concerns over eurozone debt crisis eases

Heating oil rises to hit 6-month high as concerns over eurozone debt crisis ease

Easing concerns over Eurozone debt crisis pushed heating oil to a six-month high on Friday.

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