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Rand to cap power costs
A firm rand would potentially cut the cost of electricity over the long-term, an expert says.
'300 years to catch up'
SA risks falling "300 years" behind the world if it does not start to innovate, an expert says.Public servants declare war
Some 200 000 members of the Public Servants Association (PSA) started a nation-wide strike on Thursday to press for better wages.
Marches and picketing were expected to take place countrywide, while Public Service and Administration Minister Richard Baloyi was scheduled to hold another round of talks with union leaders.
Public servants were demanding an 8.6 percent salary increase and a housing subsidy of R1000, backdated to 1 April.
The government was offering a 6.5 percent salary increase and a R620 housing subsidy with effect from 1 July.
Public servants working in essential services sectors would not take part in the mass action, PSA's Cape Town manager Koos Kruger said earlier.
The SA Democratic Teachers Union (Sadtu) had also called on its members not to participate in the PSA action to prevent a disruption in classes.
Sapa
Black professionals must face the facts, things have changed but we have not.
A South African bank has been ranked Africa's top bank in the annual The Banker magazine.
Exporters are supporting a likely government move to devalue a strong rand.
