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Nissan recalls 52 000 cars because of faulty air-bags

NEW YORK -NISSAN is recalling more than 52,000 vehicles for passenger air bags that can explode with too much force and send shards of metal into the passenger compartment. The vehicles have air bag systems made by troubled Japanese supplier Takata Corp. Nissan recalls are among nearly 8 million from 10 automakers over the Takata air bags. The recall announced ... Read More »

Moody’s downgrades SA’s credit ratings again

MOODY’s Investors Service (Moody’s) has downgraded South Africa’s investment grade credit ratings, the National Treasury said on Thursday. Spokeswoman Phumza Macanda said the credit rating was downgraded to “Baa2 / P-2” from “Baa1 / P-2”. “The credit outlook has been revised to stable from negative,” she said in a statement. She said the government noted Moody’s decision and recognised that ... Read More »

International oil prices go down

OIL PRICES prices eased on  Thursday in choppy deals as investors digested upbeat US inventories figures ahead of European interest rate decisions and fresh economic data Brent North Sea crude for delivery in December handed back 18 cents to $82.77 a barrel nearing midday in London. US benchmark West Texas Intermediate for December dipped 21 cents to $78.47 a barrel ... Read More »

Unemployment in SA gives trade unions sleepless nights – COSATU

LACK of jobs are giving trade unions sleepless nights, Congress of SA Trade Unions general secretary Zwelinzima Vavi said on Tuesday. “What gives labour sleepless nights is the fact that the economy is not creating jobs,” he told a labour relations indaba on the East Rand. “In our view [unemployment] has reached catastrophic levels.” The income inequality in the country ... Read More »

Zim migrants should look to be more than workers – economist

Economist and SA based Zimbabwean businessman, Luke Zunga.

MOST  Zimbabweans in the diaspora, including those in South Africa should venture into manufacturing and services than  leave home to just seek employment, says South African based Zimbabwean economist and businessman Luke Zunga. ‘’My  view is that there is a lot of potential in manufacturing to be tapped especially in the area of consumer goods which are flooding the market ... Read More »

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