Few municipalities took steps against mismanagement: AG

27 June 2019, 5:55 AM
Auditor-General, Kimi Makwetu, says only 26% of the country's municipalities took adequate steps on allegations of financial mismanagement and fraud.
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Cyril Ramaphosa
SACTWU welcomes Ramaphosa’s call to buy local 23 June 2019, 4:00 PM

The South African Clothing and Textile Workers Union has welcomed the call to South Africans by president Cyril Ramaphosa to buy local products.

dollar
Under Trump, currencies may become next global battleground 23 June 2019, 12:41 PM

President Donald Trump's renewed focus on what he calls "unfair" exchange rates could presage a new global battlefield that has the potential to do great damage to the world economy.

Anele Kiet
Satawu to explain missing pensions 23 June 2019, 9:27 AM

South African Transport and Allied Workers Union (SATAWU), has moved to explain how R65 million worth of pension money went missing from its coffers. The money, meant for orphans of deceased mineworkers, was allegedly laundered by the union's former secretary general Zenzo Mahlangu, among others.

A sewing machine
SETA invests R3m in youth skills development 22 June 2019, 8:42 PM

With unemployment raging, 150 youth from rural areas of Mpumalanga have graduated with skills in clothing manufacture.

A person walks past a Huawei store
Huawei files lawsuit against US 22 June 2019, 4:44 PM

Huawei Technologies Co Inc filed a lawsuit against the US Commerce Department on Friday challenging whether telecommunications equipment it sent from China to the United States, and then back to China, is covered by Export Administration Regulations.

Ramaphosa SONA
Ramaphosa applauded for supporting locally made products 22 June 2019, 7:01 AM

The South African Clothing and Textile Workers' Union has applauded President Cyril Ramaphosa for supporting locally made products.

MulitiChoice
Retrenchments looming at MultiChoice 21 June 2019, 7:09 PM

Broadcaster, MultiChoice, has announced that it will shedding more than two-thousand jobs in a retrenchment drive.

SAA Express executive requests postponement of his testimony 21 June 2019, 3:11 PM

SAA Express executive Brian Van Wyk has asked the State Capture Commission to postpone his testimony.

Electricity
Setshedi orders investigation into power utility tender 21 June 2019, 2:09 PM

City Power CEO Lerato Setshedi has ordered the city of Johannesburg to investigate the awarding of a close to one billion rand tender at the power utility.

Gold prices surge as global tensions intensify 21 June 2019, 11:02 AM

Gold prices broke $1 400 an ounce to hit a near-six-year high on Friday as the weaker dollar, economic concerns and geopolitical tensions saw investors pile into the safe-haven commodity.

Ramaphosa to speed up release of R230 bln for Eskom 21 June 2019, 6:23 AM

President Cyril Ramaphosa has pledged to ensure the speed up of the release of the R230 billion of support for the ailing power utility Eskom, which he says is too vital to the economy to be allowed to fail.

Parliament to table Special Appropriations Bill to save Eskom 20 June 2019, 9:03 PM

President Cyril Ramaphosa says Parliament will urgently table a Special Appropriations Bill to allocate a 'significant portion' of the 230-billion-rand in fiscal support that struggling power utility Eskom requires.

Ndabeni-Abrahams
No blackout for SABC: Stella Ndabeni-Abrahams 20 June 2019, 6:05 PM

Minister of Communications, Telecommunications and Postal Services, Stella Ndabeni- Abrahams, has assured the nation and the South African Broadcasting Corporation (SABC) that there is no blackout that's going to befall the public broadcaster.

Probes and squeezed profits change the oil trading game 20 June 2019, 4:31 PM

For the world's biggest oil traders, it feels like a return to the 1980s when earnings were diluted by an abundance of crude.

Chicken
Rural women hoping SONA addresses their socio-economic conditions 20 June 2019, 3:00 PM

Among the most marginalised of South African citizens, rural women are hoping the President's State of the Nation speech addresses their economic challenges.

SA Express manager to testify at State Capture inquiry 20 June 2019, 8:11 AM

South African Express Commercial General Manager, Arson Phiri, will testify before the Commission of Inquiry into State Capture in Parktown in Johannesburg on Thursday morning.

Britain’s bankers call for more support, tax cuts after Brexit 20 June 2019, 7:12 AM

Britain should create a new body to promote a positive “vision” for banking and cut taxes on the industry after failing to support the sector adequately ahead of Brexit, banking trade body UK Finance’s chair said on Wednesday.

SSC Group and Vantage Goldfields case postponed 19 June 2019, 4:06 PM

The case against Flaming Silver, a subsidiary of SSC Group, and Vantage Goldfields has been postponed to July.

Inflation
Inflation rate increased in May 19 June 2019, 12:05 PM

The consumer price inflation rate has increased to 4.5% in May, from 4.4% in April 2019.

Phumeza Nhantsi
State Capture to resume on Wednesday 19 June 2019, 9:00 AM

The Judicial Commission of Inquiry into State Capture will on Wednesday continue to hear testimony from former South African Airways (SAA) CFO Phumeza Nhantsi.

Elize Kruger
Inflation expected to remain unchanged: Analyst 19 June 2019, 7:23 AM

Economist at NKC African Economists, Elize Kruger, expects inflation to remain unchanged as Stats SA prepares to release the consumer prices inflation number for May 2019 on Wednesday.

Phumeza Nhantsi
Nhantsi defends BnP Capital loan 18 June 2019, 6:02 PM

Former South African Airways (SAA) Chief Financial Officer Phumeza Nhantsi has defended the decision to appoint BnP Capital to source a R15 billion consolidated loan for the national airline in 2015.

Yolande van Biljon
SABC expected to pay salaries end of June 18 June 2019, 2:25 PM

The Department of Communications says National Treasury is considering the SABC's request for a R3.2 billion loan guarantee.

Peter Moyo
Suspended Old Mutual CEO fired 18 June 2019, 12:34 PM

Insurer, Old Mutual, has fired suspended CEO Peter Moyo citing a conflict of interest with an investment firm he founded.

Money in rand and dollar
Rand unchanged against the US dollar 18 June 2019, 10:39 AM

The rand is unchanged against the greenback, with investors looking ahead to Wednesday's release of local consumer price figures and the United States decision on interest rates.

WATCH: PIC Inquiry 18 June 2019, 10:13 AM

The PIC Inquiry continues.

SABC CFO Yolande van Biljon
Ramaphosa urged to spell out solutions to SABC financial crisis 18 June 2019, 10:00 AM

Media Monitoring Africa has urged President Cyril Ramaphosa to spell out solutions to the financial crisis faced by the SABC, as he prepares for Thursday's State of the Nation Address.

Taxis in town
Taxi operators have started queuing for vetting 18 June 2019, 9:52 AM

Taxi operators have started queuing at the Gauteng Transport Department's offices in Johannesburg for their minibus-taxis to be vetted before they can be allowed to operate on the disputed Soweto routes.

SABC
SABC executives doing everything possible to avoid Day Zero 17 June 2019, 3:40 PM

SABC Chief Financial Officer, Yolande van Biljon, has warned of the possibility of a communication blackout amid the public broadcaster's dire financial situation but says executives are doing their best to avoid a Day Zero scenario.

CFO elaborates on SABC financial status 17 June 2019, 7:30 AM

South African Broadcasting Corporation Chief Financial Officer, Yolande van Biljon, has sought to explain the reasons behind the executives' plea for a R3.2 billion government guarantee.