Kaya 959 Kaya Biz

Eskom’s 6% wage increase proposal rejected by unions

Loading player...
Two of South Africa's (SA) biggest trade unions have rejected an improved 6% salary increase offer from state-owned power utility Eskom, their representatives said this Tuesday. Eskom has dragged on Africa's largest economy for years, owing to power cuts and the company's financial troubles, but improved performance from its coal-fired power stations has halted outages and brought the first annual profit in eight years. Khangela Baloyi, NUM National Energy Sector Coordinator explains why this 6% offer, above inflation at 3.6%, is still unacceptable to NUM.
17 Feb 2PM English South Africa Business News · Investing

Other recent episodes

Is SA’s gambling surge getting worse?

A recent study by Trade Intelligence shows that 39% of online betters are gambling more than they did a year ago, what’s more is that people are prioritising betting over basics, like groceries. Salem Nyati, Consumer Financial Education Specialist at Momentum Group Foundation talks about factors behind the continued rise…
17 Feb 2PM 15 min

Repossessed Properties in South Africa: Are They Really a Bargain?

As property prices continue to climb across South Africa, the dream of home ownership is drifting further out of reach for many first-time buyers. In that environment, repossessed properties are increasingly being marketed as a smart shortcut into the market, discounted, distressed sales that appear to offer instant value. Tonight…
17 Feb 2PM 14 min

Q4: 2025 Labour Data Unpacked - Seasonal Relief vs Structural Reality

With the Q4 2025 Quarterly Labour Force Survey released today by Statistics South Africa, the national conversation is once again focused on the headline unemployment rate. However, the deeper story emerging from recent labour-market trends points to far more consequential questions about youth exclusion, job quality, long-term unemployment, and the…
17 Feb 2PM 15 min

Q4 2025 Labour report: Gains in jobs, but youth and underemployment remain a concern

South Africa’s labour market showed modest signs of relief in the fourth quarter of 2025, according to the latest Statistics South Africa (StatsSA) Quarterly Labour Force Survey. The official unemployment rate declined slightly to 31.4%, marking the second consecutive quarterly decrease and the lowest reading since mid-2020. This was supported…
17 Feb 2PM 13 min

Township traders push back against liquor licence fee hikes

The Gauteng Liquor Traders Association (GLTA) is pushing back hard against proposed liquor licence fee increases by the Gauteng Liquor Board, warning that the move could cripple thousands of township-based micro and small businesses. Jongikhaya Kraai, Spokesperson, Gauteng Liquor Traders Association discuss what a sustainable licensing fee look like for…
16 Feb 2PM 10 min
All episodes