South Africa’s metalworkers union rejected a 10 percent wage increase offer from the auto industry and called on its members to continue striking until a settlement was reached.

South Africa’s financial regulation was “on par” with the rest of the world, Deputy Finance Minister Nhlanhla Nene said yesterday.

The mining licensing process, controlled by the government, would be the best way to implement the nationalisation of mines in South Africa as sought by the ANC Youth League, its president Julius Malema said yesterday.

If the MTN share price is above about R in six years’ time, investors in the MTN Zakhele scheme will reap extremely attractive returns on their R2 000 six-year investment.

MTN and Telkom will appear before the telecoms regulator today over an interconnection agreement dispute.

The narrow black economic empowerment focus has “set back” South Africa’s critical mining sector.

Eskom has finally submitted its new funding model to Cabinet for approval and expects to be given further government guarantees to bridge a funding shortfall of R190 billion over seven years.

The unbanked in South Africa have put about R12 billion “under mattresses”.

The Black Management Forum will hold discussions on the institutionalisation of BBBEE framework at its conference this year

So-called broad-based black economic empowerment was benefiting only members of the African National Congress and their families.