Author Archives: admin

Cut jobs or collapse, says SABC chairperson Bongumusa Makhathini

BL Premium reports that according to SA Broadcasting Corporation (SABC) board chair Bongumusa Makhathini, job cuts were unavoidable if the public broadcaster was to avert a collapse similar to national carrier SAA or state-owned arms maker Denel.   Source: Latest News

More budget cuts will kill us, CCMA warns MPs

BL Premium reports that the Commission for Conciliation, Mediation and Arbitration (CCMA) has taken steps to cut costs by suspending the services of 40% of commissioners and closing its doors to walk-ins from the public.   Source: Latest News

Sasol directors to take 20% pay cut because of bad performance

Fin24 reports that the fees of Sasol’s directors will be slashed by 20%, the company said on Wednesday, in anticipation of shareholders disapproving a resolution on executive remuneration at the petrochemical group’s upcoming annual general meeting.   Source: Latest News