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Apple unveils record $110 billion buyback
Apples (AAPL.O), opens new tab quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up 6% in extended trade. Apple increased its cash dividend
Eastern Cape scholar transport operator strike closes major roads
Commuters in several parts of the Eastern Cape were left stranded due to a strike by scholar transport operators. The operators under the scholar transport program suspended their services and blockaded several roads, claiming that they had not r
ABSA PMI shows improvement in April
The latest ABSA Purchasing Managers Index (PMI) which measures business conditions has shown some improvement in April on the back of reduced load shedding in the month. The PMI rose to 54 index points from 49,2 points in March.
Great North Transport workers demand pension payouts
Great North Transport (GNT), a Limpopo government entity, has announced the completion of investigations into the alleged mismanagement of workers pension funds , totalling over R300 million. The disappearance of these funds has left mor
Political interference to blame for Post Office retrenchments
A South African Post office (SAPO) employee Bonisani Mzobe has attributed the retrenchments at the state-owned enterprise to political interference. Nearly five-thousand post office workers are facing retrenchments. This after t
Mbeki pays tribute to the late Dr Samuel Motsuenyane
The former president Thabo Mbeki has paid tribute to the late Dr Samuel Motsuenyane who died on Monday at the age of 97. Motsuenyane was the founding member of the National African Federated Chamber of Commerce and Industry (NAFCOC). </p
NUM threatens mass action over Sibanyes planned retrenchments
Mineworkers Union, NUM has threatened mass action against the mining sector over planned retrenchments. Several mining companies have issued retrenchment notices to employees, with other mine workers already laid off. Speaking to SABC Ne
SAFTU laments petrol price increase on Workers Day
The South African Federation of Trade Unions (SAFTU) leader, Mosima Maredi has spoken out against the petrol price increase . Maredi says its worrying that government has increased the price of petrol on Workers Day. The petrol price has
Rising cost of living places increased financial burden on workers
Some South African workers say the rising cost of living in the country has put an increased financial burden on them. As the country commemorates Workers Day on Wednesday, workers in the country say, there is little to celebrate. These