9 OFFICIALS SUSPENDED FROM SMALL BUSINESS DEPT OVER CORRUPTION

Submitted by admin on Tue, 04/30/2019 - 15:18

Small Business Development Department Minister Lindiwe Zulu placed the employees on suspension for their alleged involvement in corruption and fraud.

Nine officials from the Small Business Development Department have been suspended.

Minister Lindiwe Zulu placed the employees on suspension for their alleged involvement in corruption and fraud.

NERSA APPROVES 3 ELECTRICITY TARIFF HIKES FOR NEXT 3 YEARS

Submitted by admin on Thu, 03/07/2019 - 15:44

JOHANNESBURG - The National Energy Regulator of South Africa has announced it will increase electricity tariffs by 9.41% for the first year of 2019/20.

Nersa further announced on Thursday that for the year 2020/21, the hike will be 8.10% and 5.22% for 2021/22.

Eskom had asked for of 17.1% for 2019/20, 15.4% for 2020/21 and 15.5% for 2021/22.

 

This followed months of public hearings across the country where many businesses argued that another tariff hike would have catastrophic consequences for the economy.

Sleep deprivation costs SA economy billions

Submitted by admin on Fri, 03/01/2019 - 10:12

Terrible traffic and working too hard. Those are among the reasons South Africans say are killing their sleep patterns.

And it’s not only leading to grumpiness and lower productivity, it’s also costing the economy billions.

A study conducted by a Stellenbosch University student traces the amount of money lost to the economy because of a lack of adequate sleep.

Study author Charles King gathered data on the sleeping habits of 658 men and women between the ages of 25 and 40-years-old over a three-month period to reach his conclusions.