Labour and business agreed on Tuesday that Eskom’s proposed 53% tariff increase would have a severe impact on the economy. ”Pricing is not the only solution; effective leadership and strategic appropriation of management is important,” said Business Unity South Africa.
A Taiwan man grieving over the death of his girlfriend climbed inside a morgue freezer to be with her and was only pulled out alive half an hour later, media and an official said on Tuesday. The 41-year-old man was discovered on Monday when workers detected an unusually high temperature in the freezer and realised the hatch was not securely fastened.
World soccer governing body Fifa expressed its concern on Tuesday about this month’s deadly attacks on foreigners in South Africa, but said the violence would not affect the 2010 World Cup. The attacks have raised concerns about the high crime rate in South Africa and the potential risk to foreigners who visit the country for the soccer tournament in 2010.
Investors invest to make a profit. They want the best return for their buck in the shortest possible time span. Social responsibility does not usually come into play when people are deciding where to place their money. Of course, when they think aboutsocial responsibility they immediately equate it with having to sacrifice returns.
South Africa’s economic growth rate slowed to 2,1% in the first quarter of 2008 on a seasonally adjusted and annualised basis, official data showed on Tuesday, citing a sharp drop in mining due to a power crisis. Statistics South Africa said Q1 GDP slowed from 5,3% in the fourth quarter of 2007.
At least 30 people are believed to have died when their bus left the road and went over a cliff into a river near Cedarville in KwaZulu-Natal on Tuesday. Netcare 911 spokesperson Chris Botha said paramedics had told him that the bus went off an 80m embankment and landed upside-down in the river.
An agency that sold tickets for a Celine Dion concert in March and a cancelled Josh Grobin concert in April was on Tuesday placed under final liquidation. An application for the liquidation of Ticket Connection was brought before Judge P Burton-Fourie by the agency itself, which said it was unable to pay debts.
A South African university residence where a racist video degrading black workers was filmed earlier this year is being closed down, a spokesperson said on Monday. The homemade video, filmed by students of the Reitz residence at the University of the Free State, caused outrage when it was leaked in February.
A month before a presidential election run-off, Zimbabwe’s opposition said on Tuesday conditions were not conducive for a free and fair poll, but still expressed confidence it would oust Robert Mugabe. "As of yesterday [Monday], at least 50 of our supporters had been killed in violent attacks." the Movement for Democratic Change said.
Eskom’s proposed 53% tariff increase will have a negative effect on the economy, Business Unity South Africa (Busa) said on Tuesday. Speaking at the second day of public hearings of the National Energy Regulator of South Africa, Busa’s Roger Baxter said studies had shown the economic impact of the hike would lead to about 55Â 000 job losses.