Local textile company opens new factory and launches worker shareholding programme

Cape Town-based bedding and linen manufacturer Sheraton Textiles (Sheraton) on Monday officially inaugurated its new factory and launched its Workers Trust employee share ownership programme (ESOP). The company is currently 100%-owned by national development finance institution the Industrial Development Corporation (IDC), which invested R140-million in the establishment of the new, state-of-the-art, factory, which greatly increases the company’s efficiency and competitiveness. The ESOP will …

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Eskom takes City Power to court over R1bn debt

State power utility Eskom has said it has “no choice” but to approach the Johannesburg High Court to force City Power to pay just over R1-billion in unpaid debt. Eskom noted that City Power began to default on payments in October 2023 and that it did not receive any payment for March, this year. Read More Engineering News | Home

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Ramokgopa insists loadshedding not being ‘stage managed’ ahead of May 29 poll

Electricity Minister Kgosientsho Ramokgopa denies that the prevailing reprieve from loadshedding has been “stage managed” to improve the prospects of the governing African National Congress ahead of the May 29 poll, attributing it instead to “orchestrated” engineering efforts undertaken by Eskom over the past 18 months. Speaking during a briefing that coincided with the fortieth consecutive day of no loadshedding …

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Uganda: Urgent Repairs for Karuma Bridge

Nile Post Heavy rains have revealed a hidden threat on a vital Ugandan artery – the Karuma Bridge. Though no surface cracks were found, the Uganda National Roads Authority (UNRA) discovered compromised reinforcements beneath the bridge deck. Responding swiftly, UNRA is launching repairs expected to take under two months.  Read More AllAfrica News: Environment

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