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Ubank placed under curatorship

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The South African Reserve Bank’s (SARB) Prudential Authority (PA) has placed microfinance bank, Ubank, under curatorship.

Emirates, SA Tourism sign MoU

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The world’s largest airline, Emirates, and South African Tourism have signed a Memorandum of Understanding (MoU) to jointly promote tourism and boost visitor arrivals and inbound traffic to South Africa from key markets across the airline’s network.

SA braces for full week of power cuts

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Eskom Chief Operating Officer, Jan Oberholzer, says Eskom may be forced to increase load shedding from Stage 3 load shedding to Stage 4 if the power utility fails to gather enough generation capacity to feed national peak demand.

Collaborative efforts to assist flood victims

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President Cyril Ramaphosa has assured flood affected residents of KwaZulu-Natal, the North West and Eastern Cape that government and stakeholders are drawing all resources to ensure that the three provinces recover with no person left behind.