SARS records increase in busts at SA ports of entry

20 April 2019, 8:43 PM
The South African Revenue Service (SARS) has confiscated illegal goods valued at more than 3 billion rand at the country's ports of entry in the past financial year.
World Bank report advises Kenya to reduce tax exemptions 9 April 2019, 11:14 AM

The World Bank released a report, which advises the Kenyan government to reduce tax exemptions to improve revenue and inject a dose of practicality when estimating revenue collection.

Load shedding expected to weigh down on SA’s growth: World Bank 8 April 2019, 7:21 PM

The World Bank says load shedding in the month of March is expected to weigh down on  South Africa's growth outlook in the short-term.

Retired workers accuse Halls Properties of not paying their pension 8 April 2019, 6:18 PM

Mpumalanga-based property development company Halls properties is under the spotlight. Retired ex workers say the company failed to exit packages are incomplete.

‘Mozambique ex-finance minister can be extradited to US’ 8 April 2019, 2:53 PM

A South African court has ruled that Mozambique’s former finance minister Manuel Chang can be extradited to the United States, where he is wanted on charges related to a $2 billion debt scandal, one of Chang’s lawyers said on Monday.

Former Chief Investment Officer Siphiwe Nodwele.
Ayo Technology overvalued during PIC investment 8 April 2019, 2:51 PM

Ayo Technology Chief Investment Officer, Abdul Malick, overvalued the company during the period in which the Public Investment Corporation (PIC) invested R4.3 billion in the company.

Former Chief Investment Officer Siphiwe Nodwele.
Nodwele described working for AYO as the most challenging period of his career 8 April 2019, 12:19 PM

Former Chief Investment Officer Siphiwe Nodwele of controversial AYO technologies has described the period in which he worked at the technology company as the most challenging period of his professional career.

Virtual reality arcades in China
China’s virtual reality arcades aim for real-world success 8 April 2019, 7:38 AM

Chen Jiuxiao puts on virtual-reality goggles and is immediately transported to a snow-covered ski slope, down which she slaloms without ever leaving Shanghai.

Oil hits highest since November 2018 amid OPEC cuts, U.S. sanctions 8 April 2019, 7:08 AM

Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s on-going supply cuts, U.S. sanctions against Iran and Venezuela, and strong U.S. jobs data.

Police Officers
Nigeria suspends mining in Zamfara state after banditry surges 8 April 2019, 6:40 AM

Nigeria has suspended mining in the restive north-western state of Zamfara, a presidential aide and the police chief said on Sunday, amid concerns that illegal miners were connected to a surge in banditry.

Donald Trump
White House to Democrats seeking Trump tax returns: ‘Never’ 7 April 2019, 8:32 PM

President Donald Trump's tax returns will never be handed over to Democratic lawmakers, White House Chief of Staff Mick Mulvaney said on Sunday, defying an effort in Congress to learn more about the real estate mogul's personal finances.

Unemployed youth to receive multimillion training grant 7 April 2019, 2:23 PM

About fifty unemployed youth are set to benefit from a multimillion rand grant from the Department of Rural Development and Land Reform.

G20 must tackle root causes of trade tensions that threaten growth: EU 6 April 2019, 9:37 PM

The European Union will tell a meeting of finance leaders from the world’s 20 biggest economies next week that they must all tackle the root causes of global trade tensions because they are putting global growth at risk, an EU document showed.

VBS minority shareholders call for Reserve Bank probe 6 April 2019, 10:22 AM

The forum of minority shareholders in the defunct VBS Mutual Bank says the Reserve Bank has blocked funds transferred to the now liquidated bank.

Brexit will not affect SA wine exports: VinPro, SALBA 6 April 2019, 7:15 AM

South African wine producers' body, VinPro, and the South African Liquor Brandowners’ Association (SALBA) say Brexit will not affect South African wine exports to the European Union (EU) and United Kingdom (UK) respectively.

The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport.
Boeing cuts 737 MAX output in wake of two deadly crashes 6 April 2019, 6:44 AM

Boeing Co says it plans to cut its monthly 737 aircraft production by nearly 20 percent in the wake of two deadly crashes, signalling it does not expect aviation authorities to allow the plane back in the air anytime soon.

Govt to intervene in Amcu strike if needed: Ramaphosa 5 April 2019, 9:15 PM

Government will step in should Association of Mineworkers and Construction Union (Amcu) and Sibanye Gold Mines fail to resolve the on-going wage dispute.

People at a line at the Cannabis Expo
SA could become world leader in cannabis industry 5 April 2019, 8:44 PM

The Cannabis Development Council of South Africa says the country could become a world leader in the cannabis industry.

Pound softens as London seeks new Brexit delay 5 April 2019, 6:22 PM

The British pound crumbled Friday after London requested another extension in the long-running Brexit saga...

Tokyo court approves ten days detention for Ghosn 5 April 2019, 2:30 PM

A Tokyo court on Friday approved a request by prosecutors to detain Carlos Ghosn for ten days for further questioning; a move the ousted Nissan boss lawyer said he would appeal.

Khulu Phasiwe
Eskom spokesperson Khulu Phasiwe resigns 5 April 2019, 9:05 AM

Eskom spokesperson Khulu Phasiwe is leaving the power utility at the end of this month. Phasiwe says working for Eskom has not been an easy task.

Dukwana to take the stand at State Capture Commission 5 April 2019, 6:05 AM

Former Free State MEC for economic development, Mxolisi Dukwana, is on Friday expected to take the stand at the State Capture Commission of Inquiry.

Bridgette Radebe
Bridgette Radebe says Africa will grow AfCFTA 4 April 2019, 9:20 PM

President of the South African Mining Development Association, Bridgette Radebe, says Africa will grow in leaps and bounds now that the African Free Trade Agreement has been ratified.

People standing
Cape Town International Airport gets a facelift 4 April 2019, 5:21 PM

Cape Town International Airport has embarked on a major upgrade project totaling R7 billion over the next five years.

Vodacom logo
Vodacom Tanzania says firm accused of causing $4.76 mln loss to government 4 April 2019, 3:02 PM

Vodacom Tanzania said on Thursday it was being accused of causing an 11 billion shilling ($4.76 million) loss to the government as part of charges levelled against its managing director and other employees over allegations of fraudulent use of network facilities.

AMCU's Krister Janse van Rensburg
‘AMCU will continue to fight for economic justice’ 4 April 2019, 11:30 AM

The Association of Mineworkers and Construction Union (AMCU) will convene for another mass meeting to receive an update on some of the outstanding issues from it's National Executive Committee.

Rand slightly softer after Gordhan’s Eskom announcement 4 April 2019, 11:23 AM

The rand is slightly softer against the greenback after the announcement by Minister of Public Enterprises Pravin Gordhan that there will be no further power cuts and that government is discussing another support package for debt ridden Eskom.

Matjila will have to explain Ayo Technologies deal: Surve 4 April 2019, 5:35 AM

Chairperson of Independent Media and head of the Sekunjalo Group, Iqbal Surve says he was not aware that the Public Investment Corporation (PIC) did not follow due diligence when the Ayo Technologies deal was concluded.

We understand Eskom issues better now: Gordhan 3 April 2019, 9:50 PM

Eskom Board Chairperson Jabu Mabuza says following a cost benefit analysis review, Eskom has decided that it will be more beneficial to the country to continue with the new build program.

Dr Vera Songwe
Gambia ratifies AfCFTA, putting it into motion 3 April 2019, 8:40 PM

The Gambia is the 22nd African Country to ratify a continental free trade area protocol and is now putting it into motion.

BRICS Development Bank ahead of its objectives 3 April 2019, 7:08 PM

The BRICS nations' New Development Bank says it is already ahead of its goals of providing necessary resources for developing sustainable infrastructure projects among its member countries.