R/€ = 14.90 Change: -0.06
R/$ = 12.17 Change: -0.04
Au 1331.72 $/oz Change: -4.73
Pt 1012.50 $/oz Change: -0.51


More fuel price relief for SA motorists – AA

15th January 2018 Fuel prices are set for month-end decreases, this is according to the Automobile Association (AA) commenting on mid-month fuel price data released by the Central Energy Fund. The AA said: "The Rand/US dollar exchange rate has had one of its flattest periods of trading in recent times. It has... 

City of Johannesburg official fired for awarding tenders to own company

12th January 2018 The City of Johannesburg has fired a senior official for allegedly awarding tenders to their own private company, a strategic adviser said on Friday. "The official engaged in private business without prior consent from the City, breached our code of ethics, influenced procurement decisions for... 

Drilling on Cape Flats Aquifer starts as Cape Town dams dry up in drought

12th January 2018 The City of Cape Town drilled its first test borehole into the Cape Flats aquifer on Thursday, hoping that the earth's natural underground reservoirs would provide an extra 80-million litres of water per day as dams dry up in a prolonged drought. "This is the first in the history of the City of... 

Gigaba: Youth should not only chase tenders

11th January 2018 Finance Minister Malusi Gigaba has urged South African youth to make the most of the state's Black Industrialists Programme, and come up with innovative business ideas instead of chasing tenders and shareholdings at established companies. Gigaba was speaking to the SABC on the sidelines of the... 

City of Cape Town loses R1.6bn due to reduced water consumption

10th January 2018 The City of Cape Town has lost around R1.6-billion in revenue due to reduced water consumption, making a "drought charge" to fund water supply projects more urgent, said Mayor Patricia De Lille on Tuesday. "That is R1.6-billion that we are not receiving through the sale of water now," said De Lille. 

Disgruntled mayor barricades Rand Water gates demanding water for residents

9th January 2018 Frustrated Emfuleni mayor Jacob Khawe has barricaded the gates of Rand Water's Glenvista head office in Emfuleni, Vereeniging on Tuesday morning, following the interruption of water supplies due to debt to the water board. Khawe told News24 that, although his municipality was financially... 

Casac asks NPA boss to assure Zuma charges won't be dropped

21st December 2017 The Council for the Advancement of the South African Constitution (Casac) has asked the National Director of Public Prosecutions' (NDPP) Advocate Shaun Abrahams to assure them that he will not withdraw charges against President Jacob Zuma until a Constitutional Court ruling has been made. The... 

We have shown that 'unity of the ANC is sacrosanct' - Zuma

21st December 2017 President Jacob Zuma says there are no winners or losers, after Cyril Ramaphosa was elected the new leader of the African National Congress (ANC). In a statement on Thursday morning, Zuma said the ANC was the clear winner after the election. 

Zim's new leader Mnangagwa visits SA to meet potential investors

20th December 2017 Zimbabwean President Emmerson Mnangagwa is reportedly set to "address a high profile business conference" in Pretoria on Thursday, as his new administration strives "to revitalise the economy through attracting investment". According to the State-owned Herald newspaper, a statement by Zimbabwe's... 

Ramaphosa must institute state capture inquiry first - Sanco

19th December 2017 The first order of business for newly-elected African National Congress president Cyril Ramaphosa should be to institute the much-awaited state capture inquiry, the South African National Civic Organisation (Sanco) said on Monday evening. The institution of the inquiry, recommended by former... 


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