State-owned power utility Eskom says it is experiencing an increase in electricity theft, especially in high-density areas, which leads to the failure of its equipment. Eskom warns against illegal connections, meter tampering and buying electricity from illegal syndicates, stating that … Read More
JSE-listed chemicals group AECI increased its revenue by 8% year-on-year to R26.05-billion in 2021 and declared a total ordinary dividend of R6.85 a share – up 20% year-on-year. The company declared a final ordinary cash dividend of R5.05, 7% higher … Read More
Cabinet has approved a “comprehensive package” of policy measures to restrict trade in scrap metal to limit damage to public infrastructure, including the ongoing theft of copper cables, which is said to be costing the economy R46-billion yearly. Details of … Read More
Poor road conditions, hail storms, a shortage of car parts and a deteriorating used-car market all managed to dent Zeda’s operating profit for the six months ended March 31. The integrated mobility solutions provider, active in the leasing, car rental … Read More
South Africa’s annual consumer price inflation quickened to 4.6 percent in June from 4.4 percent in May, data from the national statistics agency showed on Wednesday. On average, prices increased by 0.4 percent between May and June, Statistics South Africa … Read More