R/€ = 15.02 Change: 0.11
R/$ = 12.40 Change: 0.03
Au 1317.29 $/oz Change: -6.02
Pt 908.50 $/oz Change: -0.72


Ramaphosa scores R857m UK funding from Prime Minister May

18th April 2018 President Cyril Ramaphosa and British Prime Minister Theresa May agreed on a deal worth millions to help South Africa improve its business environment. Ramaphosa is in the UK on a working visit to London to attend the Commonwealth Heads of Government Meeting, which will take place on Thursday and... 

Government cancels auditing contracts with KPMG and Nkonki Inc

17th April 2018 The Auditor General, Kimi Makwetu, on Tuesday announced his office’s decision to terminate, with immediate effect, the auditing contracts with KPMG and Nkonki Inc with the government.  The two beleaguered companies had been doing public sector audits on behalf of the Auditor General of South... 

IMF makes positive about-turn on SA growth outlook after January slash

17th April 2018 The International Monetary Fund (IMF) is upbeat about South Africa's Gross Domestic Product (GDP) growth in 2018, raising its forecast to 1.5% after cutting its prediction to 0.9% in January. The international lender released its World Economic Outlook report in Washington DC on Tuesday, ahead of... 

Those who can afford to pay for toll roads, must pay – Nzimande

17th April 2018 The funding of road infrastructure development for the next 15 to 20 years worries Transport Minister Blade Nzimande, the portfolio committee on transport heard. The Department of Transport (DoT) on Tuesday briefed Parliament’s committee on the annual performance plan for the 2018/19 financial... 

South Africa readies latest ocean-watching satellite for launch

17th April 2018 Science and Technology Minister Mmamoloko Kubayi-Ngubane will unveil South Africa's most sophisticated satellite on Tuesday ahead of its launch in India in July. The nanosatellite, dubbed ZACUBE-2, was developed by Cape Peninsula University of Technology (CPUT) and the French South African... 

Missing $15bn diamond revenue – 'It's all lies,' says Mugabe

17th April 2018 Zimbabwe's former president Robert Mugabe has retracted his remarks over the alleged missing $15-billion diamond revenue amid investigations by the national assembly, according to a report. In a claim that's coming back to haunt him, the former Zimbabwe strongman said in 2016 that $15-billion... 

Molefe loses court bid to appeal pay back pension ruling

17th April 2018 The North Gauteng High Court on Tuesday dismissed an application by former Eskom CEO Brian Molefe for leave to appeal a ruling that he pay back the part of his pension payout he already received. Judge Elias Matojane said based on the submission presented to the court "we are of the view that... 

DA calls for each sector to have its own minimum wage

17th April 2018 The DA has rejected the idea of a "blanket, universal" minimum wage, calling for each sector to have its own minimum wage instead. DA leader Mmusi Maimane, policy head Gwen Ngwenya and labour spokesperson Michael Bagraim briefed the media on the party's policy outcomes adopted at its seventh... 

Nationwide bus strike to start on Wednesday

17th April 2018 A nationwide bus strike is set to start on Wednesday, the South African Road Passenger Bargaining Council (SARPBC) said on Monday. The strike will put at least 80% of the country's passenger buses on lock-down over a pay dispute. "The impact is going to be felt right across the republic," Gary... 

Cape Town's water plan is too narrow, says expert; advises long-term plan

17th April 2018 UCT academic Dr Kevin Winter says the City council's proposed 26.9% water price hike, which has drawn howls of protest from Capetonians, is not big enough to shift the city out of the water crisis in the long term. "I think the increase is not nearly enough. I am sure the City is going to have to... 


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