Sanef calls for investigation into claims SSA was used for propaganda

27 January 2021, 8:12 PM
The South African National Editor's Forum (SANEF) is calling for an investigation into claims that the State Security Agency was used as a vehicle to plant positive news stories about the government for certain media outlets.
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Bitcoin extends slide, heads for worst week since March 2020 22 January 2021, 5:07 AM

Bitcoin fell heavily on Friday and was heading toward its sharpest weekly drop since last March, as worries over its technology and regulation extended a pullback from recent record highs.

Asian markets set for messy open after US stocks peak following Biden inauguration 22 January 2021, 4:47 AM

Asian investors were expecting a mixed day of trading after Wall Street peaked on Thursday, pushed upward by continued optimism about economic stimulus to counteract the COVID-19 pandemic promised by newly inaugurated US President Joe Biden.

Stocks rise to new peaks, dollar slips 21 January 2021, 10:55 PM

World stock markets racked up record highs on Thursday and the dollar fell as investors bet major stimulus from new US President Joe Biden and unswerving global central bank support would cushion the coronavirus’ damage and bolster growth.

Bitcoin slumps 10% as pullback from record high gathers pace 21 January 2021, 10:07 PM

Bitcoin slumped 10% to a 10-day low before paring some of its losses Thursday as traders feared tighter US regulations.

Repurchase rate to remain at 3.5% 21 January 2021, 5:13 PM

Governor of the Reserve bank, Lesetja Kganyago, has announced that the repurchase rate will remain unchanged at  3.5%.

VIDEO | MPC interest rate decision 21 January 2021, 2:47 PM

Governor of the SA Reserve bank Lesetja Kganyago has announced that the repurchase rate will remain unchanged at 3.5 percent. He made the announcement in Pretoria.

Cash strapped Amathole District Municipality put under administration 21 January 2021, 12:31 PM

The Eastern Cape Executive Council has placed the cash strapped Amathole District Municipality under administration.

Mkhwebane perjury case postponed to March 21 January 2021, 10:12 AM

The Pretoria Magistrate's Court has postponed the case of perjury against Public Protector Busisiwe Mkhwebane to March 25, 2021.

Mkhwebane expected to appear in court on perjury charges 21 January 2021, 6:54 AM

Accountability Now has confirmed to SABC News that Public Protector Busisiwe Mkhwebane is expected to appear in the Pretoria Magistrate's Court on charges of perjury, on Thursday.

Mixed expectations ahead of interest rates announcement 21 January 2021, 5:46 AM

Most economists say there has not been any significant changes in both growth and inflation outlook to warrant a change in interest rates.

Dollar on back foot as Biden optimism bolsters riskier currencies 21 January 2021, 4:34 AM

The dollar held losses versus most major peers on Thursday as optimism that a massive US stimulus package under the new Joe Biden administration will bolster growth sapped demand for safe-haven currencies.

MPC to announce interest rates on Thursday 21 January 2021, 3:00 AM

Economists say the Reserve Bank's Monetary Policy Committee (MPC) is likely to keep the repo rate unchanged at 3.5% and the commercial lending rate also on hold at 7%.

World Bank, IMF agree to hold April meetings online due to COVID-19 risks 21 January 2021, 1:07 AM

The International Monetary Fund and the World Bank have agreed to hold their spring meetings, planned for April 5-11, online instead of in person due to continued concerns about the coronavirus pandemic, they said in joint statement.

Labour unions demand meeting with President to discuss issues at SABC 20 January 2021, 10:35 PM

Labour unions are demanding an urgent response and meeting with President Cyril Ramaphosa, to discuss ongoing issues within the South African Broadcasting Corporation (SABC).

S&P 500, Nasdaq scale highs as Netflix jumps, Biden inaugurated 20 January 2021, 10:13 PM

The S&P 500 and the Nasdaq hit highs on Wednesday as Joe Biden was sworn in as the 46th US president, while solid results from Netflix sparked a rally in shares of stay-at-home winners.

Oil up 1% on stimulus hopes, tightening market ahead of Biden inauguration 20 January 2021, 7:22 PM

Oil rose 1% on Wednesday, buoyed by expectations that the incoming US administration will deliver massive stimulus spending that will lift fuel demand and enact policies that will tighten crude supply.

Money
Consumer Inflation Price for 2020 lowest in 16 years 20 January 2021, 1:20 PM

Figures released by Statistics South Africa show that the Consumer Inflation Price for 2020 was the lowest in 16 years and the second lowest in 51 years.

December’s CPI rate slightly lower at 3.1% 20 January 2021, 12:42 PM

Statistics South Africa has released the Consumer Price Inflation (CPI) rate for December, which came in slightly lower at 3.1% year-on-year from 3.2% in November.

SABC employees gather as they prepare to drive to Union buildings 20 January 2021, 11:41 AM

Dozens of SABC employees are gathered outside the broadcaster's headquarters in Auckland Park.

Restaurant, hospitality associations threaten legal action over new industry rules 20 January 2021, 11:15 AM

The Restaurants Association of South Africa and Federated Hospitality Association of South Africa are threatening legal action against government over new rules by the newly formed Bargaining Council for the industry, which they say is the final nail in the coffin for the sector.  

CWU expects a total blackout at SABC on Friday 20 January 2021, 6:42 AM

The Communication Workers' Union (CWU) says they expect a total blackout at the South African Broadcasting Corporation (SABC) on Friday from 11am to 2pm.

Dollar slips as US stimulus hopes lift mood 20 January 2021, 4:32 AM

The US dollar nursed losses on Wednesday and the euro hung on to gains as investors’ mood brightened in the wake of a better-than-expected sentiment survey in Germany and big spending talk from US Treasury Secretary nominee Janet Yellen.

Asian markets set for modest upswing after gains on Wall Street 20 January 2021, 2:53 AM

Investors in Asian markets were poised for gains on Wednesday after Wall Street indexes rose on the back of US Treasury Secretary nominee Janet Yellen’s push for a sizable fiscal relief package in response to the COVID-19 pandemic.

Call for government to expidite processes enabling municipalities to buy power from IPPs 19 January 2021, 10:00 PM

Plato says the latest round of Eskom load shedding caused a great deal of harm to an already ailing economy, amid the COVID-19 pandemic.

Emerging livestock farmers in N Cape taught about artificial insemination 19 January 2021, 9:44 PM

A group of rural emerging livestock farmers in the Northern Cape is being taught about artificial insemination to improve the quality of their livestock. The three-day course comprises both theoretical and practical work.

Eskom defends load reduction strategy 19 January 2021, 3:19 PM

Power utility Eskom has defended it's load reduction strategy. Gauteng Education MEC Panyaza Lesufi has criticised the power utility, calling it reckless for switching off power in poor areas.

Dollar remains volatile ahead of Biden’s inauguration 19 January 2021, 1:09 PM

The dollar has remained volatile ahead of the inauguration of US President elect Joe Biden on Wednesday.

There will be money to procure COVID-19 vaccine: Treasury 19 January 2021, 12:15 PM

The National Treasury has assured the public that there will be money to procure vaccine doses for COVID-19.

Brent crude edges up as optimism over economy trumps demand concerns 19 January 2021, 4:46 AM

Brent crude futures edged up on Tuesday as optimism that government stimulus will buoy global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally could cool fuel consumption.

Dollar hovers near one-month high as Biden’s FX policy takes shape 19 January 2021, 4:12 AM

The dollar hovered around its highest in nearly one month on Tuesday with traders expecting US Treasury Secretary nominee Janet Yellen to affirm a more traditional commitment to market-set currency rates when she testifies at Capitol Hill later.