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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Boeing CEO expected to reassure industry on 737 MAX fate at Paris Air Show 17 June 2019, 7:11 AM

Boeing Chief Executive Officer, Dennis Muilenburg, will have his work cut out for him at the Paris Air Show this week as he tries to reassure airlines and industry partners over the fate of its flagship 737 MAX plane, indefinitely grounded after two fatal crashes.

Johnson’s Brexit plan would crumble: rival for UK PM 16 June 2019, 6:45 PM

Boris Johnson's Brexit strategy would collapse under scrutiny, one of his rivals to become Britain's prime minister said ahead of the first televised debate Sunday which the front-runner is skipping.

India hikes tariffs on US imports following withdrawal of trade privileges 16 June 2019, 1:52 PM

India on Sunday imposed higher tariffs on 28 items imported from the United States, in retaliation to Washington's recent withdrawal of trade privileges for New Delhi.

An oil tanker is seen after it was attacked at the Gulf of Oman.
Saudis seek oil supply protection as US and Iran face off 16 June 2019, 7:19 AM

Iran has denied any role in the strikes on the tankers south of the Strait of Hormuz, a major transit route for oil from Saudi Arabia, the world’s biggest crude exporter, and other Gulf producers.

Drought forces Namibia to auction wild animals 15 June 2019, 5:33 PM

Drought-hit Namibia has authorised the sale of at least 1 000 wild animals including elephants and giraffes to limit loss of life and generate $1.1 million for conservation, authorities confirmed Saturday.

The Nissan logo is seen at Nissan Motor Co.'s global headquarters building in Yokohama, Japan.
Nissan considers giving Renault some seats on oversight committees 15 June 2019, 12:27 PM

The two-decade-old partnership of Nissan and Renault was plunged into a crisis earlier this week, as the French automaker’s demand for a greater say in Nissan’s new governance system.

A street sign for Wall Street hangs in front of the New York Stock Exchange.
All eyes on Fed as stock market pines for rate cut 15 June 2019, 8:57 AM

The benchmark S&P 500 has rallied more than 5% this month as softening economic data coupled with comments by Fed officials heightened expectations the Fed will cut rates by the end of the year.

Ramaphosa reiterates commitment to safeguarding Reserve Bank 15 June 2019, 6:41 AM

President Cyril Ramaphosa and Deputy Minister of Finance, David Masondo, have met with the board of the South African Reserve Bank (SARB) to discuss vacancies in the executive leadership of the central bank.

Cynthia Stimpel
‘I was suspended for fighting potential corruption at SAA’ – Stimpel 14 June 2019, 8:43 PM

Former SAA head of financial risk management Cynthia Stimpel told the State Capture Commission that she was suspended for fighting potential corruption.

Petrol
AA predicts petrol price drop of 91c 14 June 2019, 4:31 PM

The Automobile Association (AA) is predicting good news for motorists next month.

Newspapers
Tiso Blackstar CCMA hearings at an advanced stage 14 June 2019, 2:42 PM

CCMA hearings into the retrenchments of over 150 staff members from various newspapers across South Africa are at an advanced stage, with severance packages under discussion. The Tiso Blackstar Group has opted for hearings to be held in Port Elizabeth as a central venue.

The City of Johannesburg
City of Johannesburg approves debt relief programme for residents 14 June 2019, 9:35 AM

The City of Johannesburg has approved a debt relief programme for residents who are struggling to pay off accumulated debt to the city.

The Clothing and Textile Conference participants
Clothing and Textile Conference highlights AGOA’s successes 14 June 2019, 6:39 AM

The Clothing and Textile Conference at the Cape Town International Convention Centre has been told about success stories of the US Africa Growth Opportunity Act (AGOA).

Cynthia-Stimpel
State Capture to resume on Friday 14 June 2019, 6:21 AM

Former South African Airways (SAA) Head of Financial Risk Management, Cynthia Stimpel will on Friday continue her testimony at the State Capture Commission in Johannesburg.

Sub-Saharan Africa urged to look for alternatives as AGOA ends in 2025 13 June 2019, 9:03 PM

As the African Growth & Opportunity Act, otherwise known as AGOA, comes to an end in 2025, the US government is encouraging Sub-Saharan African countries to look for alternatives.

Significant fuel price drop forecast for July 13 June 2019, 8:00 PM

Crude oil prices are plummeting raising hopes of a significant petrol price drop.

‘Information sharing important for SMMEs’ 13 June 2019, 4:40 PM

Small, Medium and Micro Enterprises (SMMEs) and previously disadvantaged individuals in Mpumalanga are urged to adhere to relevant business procedures.

Cynthia Stipel
Board under Myeni interfered with my work – SAA Head of Risk Management 13 June 2019, 2:43 PM

SAA's Head of Financial Risk Management, Cynthia Stipel, says the board under Dudu Myeni interfered with her work.

VW to conclude co-operation talks with Ford 13 June 2019, 2:23 PM

Car giant Volkswagen's talks on co-operation with United States (US)-based Ford concerning electric vehicles and automated driving are "close to completion", the German company's chief executive Herbert Diess said Thursday.

Rand notes and coins
Rand strengthens slightly after dropping to its weakest level in 8-months 13 June 2019, 12:33 PM

The rand continues to trade at its slightly stronger level against a basket of major currencies in mid-morning JSE trade, after having weakened to its weakest level in eight months to above R15 to the dollar just a week ago.

Kim Jong Un and President Donald Trump
US accuses North Korea of breaching UN fuel cap 13 June 2019, 9:25 AM

The United States is accusing North Korea of breaching a UN-imposed ceiling on fuel imports by carrying out dozens of ship-to-ship transfers this year, according to a report obtained by AFP on Wednesday.

Facebook logo
Facebook says CEO did not ignore personal data issues 13 June 2019, 7:09 AM

Facebook CEO Mark Zuckerberg did not knowingly violate an agreement with the regulator supervising the company's management of users' personal data, the social media giant said on Wednesday.

Leaders in clothing, textile discuss ways to boost ailing sector 12 June 2019, 6:25 PM

Leaders in the Clothing and Textile industry are gathering in Cape Town for a four-day conference. It's aimed at finding ways to boost the ailing sector that has shed thousands of jobs due to cheap imports that have crippled it.

Sheep
‘Sustainable Wool’ congress to speak on challenges faced by farmers 12 June 2019, 5:48 PM

The National Wool Growers Association of South Africa is currently holding their 90th annual congress.

Mbalula hints at possible scrapping of e-tolls 12 June 2019, 9:50 AM

Transport Minister Fikile Mbalula has hinted at the possibility of e-tolls being scrapped, saying various stakeholders will soon discuss the impact of the controversial saga.

Shoppers
Weak retail sales numbers expected 11 June 2019, 10:04 PM

Analysts expect to see a weak retail sales numbers as Statistics South Africa prepares to release the April retail trade sales figures on Wednesday.

Finance Minister Ahmed Shide
Ethiopia’s economy expected to grow at 9% in 2019/2020 financial year 11 June 2019, 9:12 PM

Ethiopia's economy is expected to grow at 9% in 2019/2020 financial year according to Finance Minister Ahmed Shide, more than 1.5% higher than the International Monetary Fund's growth projection of 7.7%.

Woman working
South Africa’s manufacturing up 4.6% 11 June 2019, 3:11 PM

 South Africa’s manufacturing output hit its highest in two years, rising 4.6% year-on-year in April after increasing by a revised 1.3% in March, the statistics agency said on Tuesday.

State Capture Inquiry chairs
Deloitte auditor to testify about Transnet at the State Capture Inquiry 11 June 2019, 8:13 AM

An auditor of auditing firm Deloitte will take the stand at the Commission of Inquiry into State Capture on Tuesday to testify about Transnet.

Cyril Ramaphosa
The world must confront how to enhance the rights of workers: Ramaphosa 11 June 2019, 7:45 AM

The world must confront the question of how to enhance the rights of workers in the face of rapid industrialisation, climate and technological change.