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Load-shedding risk increases as coal stockpiles drop

  • Published in News

National electricity supply company Eskom has announced the possibility of having to implement load-shedding across South Africa has become higher, as coal stockpiles at five of its power stations dip sharply. Eskom’s spokesperson Khulu Phasiwe informed Reuters that the possibility of national is not isolated to a specific region of the country, but is rather a national issue.

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The crazy amount of money that bosses get paid in South Africa

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Deloitte has published its annual Executive Compensation Report, showing what top executives earn in South Africa. The 2018 report analyses the remuneration disclosures of executives from JSE listed companies over the past 7 years, and paints a picture of how executive pay has shifted over the years, and a possible way forward.

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Small businesses are susceptible to cybercrime

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Small businesses with less than 50 employees can be a prime target for cybercriminals because of the data they hold for clients and employees. The data can fetch a high price if sold or ransomed and can open up new revenue streams for enterprising criminals. 

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Eskom to cut management jobs

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Eskom has approved a plan to cut jobs at a management level in a bid to further save on costs at the group. The power utility said that despite efforts to curb expenditure, its operating costs have continued to increase dramatically while output has remained largely unchanged.

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Here is the official petrol price for November 2018 – with a nasty shock for diesel

  • Published in News

The Department of Energy has published the fuel price adjustments for November 2018 – announcing no changes to petrol prices, with another nasty hike for diesel. According to the department both grades of petrol (93 and 95) will see no increase of decrease, while diesel will be going up by between 48 and 51 cents per litre (for 0.05% sulphur and 0.005% sulphur, respectively).

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SA tax laws threaten international film revenue

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The recent changes made to South Africa’s tax incentive scheme, along with other proposed regulations, may cause the country’s film industry to become stunted. This comes after the Motion Picture Association of America (MPAA) raised concerns about these regulatory changes. International publication Variety states the new guidelines stipulate that productions failing to meet specific benchmarks for supporting black-owned businesses may not receive cash rebates.

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