The National Treasury has dismissed claims that it is to blame for the South African National Defence Force’s (SANDF) ongoing financial troubles, following pointed remarks by Navy Chief Admiral Monde Lobese. During a recent meeting of the Joint Standing Committee on Defence, Lobese accused Treasury of undermining the SANDF,
A tech company in the United States has suspended its CEO after a brief moment during a Coldplay concert unexpectedly thrust two of its top executives into the public eye. The incident occurred during a concert at Gillette Stadium in Massachusetts, where a couple was shown on the big
Macsteel Begins Retrenchment Process Amid Global Steel Market Pressures MDNNews has learned that Macsteel has begun retrenching portions of its workforce, as the company navigates mounting challenges in the global steel market. An employee, speaking on condition of anonymity, confirmed that the retrenchment process is already under way internally. Macsteel
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South Africa has secured a $1.5 billion loan aimed at unblocking critical infrastructure challenges and drawing more private-sector investment into the economy. The funding will primarily address pressing issues in energy and freight systems, while also supporting broader efforts to modernize the country’s infrastructure and improve service delivery. The
THE Lesotho Electricity Company (LEC) has once again stunned the nation after revelations that it procured four-core electricity cable worth M1.2 million from a South African catering company. The Public Accounts Committee (PAC) was left in shock yesterday upon learning that LEC Acting Managing Director, Nathaniel Maphathe, authorised the
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