Estina dairy project case back in court on Tuesday

20 August 2018, 5:34 PM
Eight accused in the more than 220-million rand Estina dairy project corruption case are to appear at the Bloemfontein Regional court on Tuesday.
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Cows at the Vrede dairy farm
EFF slammed for Reserve Bank nationalisation calls 20 August 2018, 5:39 PM

The president of the African Change Academy Party, Wandile Tsipa has slammed calls by the EFF for the nationalisation of the Reserve Bank.

Wall Street’s bull run nears new landmark 20 August 2018, 5:30 PM

Bolstered by a period of extraordinary monetary stimulus followed by generous tax cuts, Wall Street stands at the cusp of another landmark this week. The US stock market on Wednesday will mark 3,453 straight days without suffering a drop of 20 percent. That makes it the longest “bull market” since World War II, according to […]

Municipalities implicated in VBS corruption face probe 20 August 2018, 10:51 AM

Limpopo's Treasury Department has appointed a forensic team to investigate alleged irregularities against ten municipalities that invested with the troubled VBS Mutual Bank.

‘Suspension’ deadline looms for three Transnet executives 20 August 2018, 7:01 AM

Transnet CEO Siyabonga Gama and two other executives have until the end of Monday to give reasons why they should not be suspended.

Tseliso Rangaka
Loeries honour remarkable creatives 19 August 2018, 9:30 PM

Newly announced Loeries chairperson Tseliso Rangaka says the multi-billion dollar brand communication industry still needs to undergo transformation.

Eskom card electricity box
New substation for Atlantis in Western Cape 19 August 2018, 2:32 PM

A new R114 million substation has been commissioned to increase electricity generation in Atlantis on the Cape West Coast.

Chinese police nab suspects after $87 mln cryptocurrency theft 19 August 2018, 1:05 PM

Chinese police have arrested three suspects alleged to have stolen assets worth 600 million yuan ($87 million) through hacking.

UK’s richest man forced out of the shadows 19 August 2018, 9:25 AM

Reclusive titan of industry Jim Ratcliffe has found himself under unusual scrutiny after being declared Britain's richest man, with his political leanings and tax affairs coming under the microscope.

Hammering of copper price a worrying signal for global growth 19 August 2018, 7:14 AM

The plunge in the price of copper by more than 20 percent since the beginning of June has worried analysts who see it as a bad signal for the global economy.

Venezuela on edge as Maduro unveils raft of economic reforms 18 August 2018, 10:19 PM

Uncertainty reigned in Venezuela on Saturday after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation.

Labour Minister Mildred Oliphant
Parents urged not to overburden children with labour 18 August 2018, 9:25 AM

Labour Minister Mildred Oliphant says it's important for children to perform tasks equal to their age that would help nurture them and not abuse their well-being.

mine worker
Minerals Council SA launches National Day of Safety and Health in Mining 18 August 2018, 8:35 AM

Minerals Council South Africa has launched a National Day of Safety and Health in mining to improve the sector's safety performance.

School learners win SARB prize
Krugersdorp High School learners take SARB prize 18 August 2018, 7:17 AM

Four learners from Krugersdorp High School in Gauteng have won R10 000 each in the South African Reserve Bank (SARB) Monetary Policy Committee (MPC) Schools Challenge.

Cyril Ramaphosa has handed over the one year rotational chairpersonship of the regional block.
SA urges private sector to play greater role to SADC countries’ development 17 August 2018, 6:30 PM

South Africa has urged the private sector to play a greater role in the development of SADC countries.

ANC to scrutinise EFF’s proposed amendments to the Reserve Bank Act 17 August 2018, 5:02 PM

The Office of the ANC Chief Whip in Parliament Jackson Mthembu says the ANC caucus will engage and scrutinise the EFF's proposed amendments to the Reserve Bank Act at a committee level to decide on the desirability of the Bill and if it is in line with ANC policy.

Harmony Gold says impairments will dent full-year earnings 17 August 2018, 4:41 PM

South Africa’s Harmony Gold said on Friday its full-year earnings would be lower than last year due to impairments against a number of its mines as well as foreign exchange losses.

EFF rattle rand with plan to nationalise SA’s central bank 17 August 2018, 2:17 PM

Opposition firebrand Julius Malema introduced a bill to nationalise South Africa’s central bank, raising pressure on the ruling ANC to go through with a plan it shelved this year and rattling markets wary of threats to the institution's independence.

EFF takes steps to nationalise Reserve Bank 17 August 2018, 9:44 AM

Economic Freedom Fighter leader Julius Malema has proposed legislation changes to nationalise the Reserve Bank.

UDM welcomes PIC commission of inquiry 17 August 2018, 5:57 AM

United Democratic Movement leader Bantu Holomisa has welcomed President Cyril Ramaphosa's appointment of a commission of inquiry into the alleged improprieties at state-owned fund manager the Public Investment Corporation.

NUM ready to sign Eskom’s wage agreement 16 August 2018, 8:35 PM

The National Union of Mineworkers says it's ready to sign Eskom's three year wage agreement on condition that the power utility does not press ahead with its intention to discipline its workers.

AMC president, Joseph Mathunjwa
Mathunjwa warns Impala Platinum against job cuts 16 August 2018, 7:12 PM

AMCU president, Joseph Mathunjwa has warned that members of his union will go on strike for a year if Impala Platinum carries out plans to cut up to 13400 jobs.

Ramaphosa appoints inquiry into PIC affairs 16 August 2018, 5:45 PM

The National Treasury says the commission of inquiry that President Cyril Ramaphosa has appointed to investigate state-owned fund manager Public investment Corporation (PIC) will look at matters related to governance failures.

Protesting taxi operators blockade George main road 16 August 2018, 3:21 PM

Taxi bosses are meeting behind closed doors with provincial and municipal traffic authorities in George in the Southern Cape.

Eskom cover picture
Call for urgent resolution to the standoff between Eskom, trade unions 16 August 2018, 3:12 PM

Investors want to see an urgent resolution to the standoff between Eskom and trade unions NUMSA, NUM and Solidarity.

Lira crisis piles pain on Turkish shoppers as costs soar 16 August 2018, 2:01 PM

"Look at this, I have sold nothing!" said Cemile Baykal, sitting in front of piles of vegetables untouched on her Ankara market stall.

Siyabonga Gama wearing glasses and black suit
SA’s Transnet CEO and officials face suspension 16 August 2018, 8:40 AM

The chief executive of Transnet and two other senior officials have been told they will be suspended, the chairman of the state-owned logistics utility said on Wednesday, without giving a reason for the possible suspensions.

Phakamile Hlubi speaking to SABC
Tensions high amid Eskom wage talks stalemate 16 August 2018, 6:37 AM

Numsa and NUM, have re-iterated their demand that Eskom refrain from disciplining employees who participated in the unprotected strike over the last few weeks.

Eskom
Eskom threatens to take action against striking workers 15 August 2018, 9:00 PM

Eskom has declared a dispute with trade unions NUMSA and NUM over the precondition that the unions introduced as part of the wage negotiations.

SA Express
SA Express to resume flights 15 August 2018, 3:50 PM

South African Express is expected to be back in the air soon. SA Express was grounded in May this year due to safety issues. 

SA rand slumps as Moody’s says fiscal consolidation slows 15 August 2018, 2:58 PM

South Africa's rand slumped on Wednesday as ratings agency Moody's warned that the pace of fiscal consolidation in Africa's most industrialised economy had slowed.