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African News Agency

Comair hikes FY18 earnings despite soaring fuel costs

18th September 2018 South African aviation group Comair Limited on Tuesday announced record earnings with a R326 million profit after tax for the year ended 30 June 2018, which was up R29-million to the prior year, despite dismal trading conditions. Comair said that difficult trading conditions included poor GDP... 

Calls mount for Eskom board to take the fall for coal shortages

17th September 2018 The Energy Expert Coalition said on Monday that the Eskom board should take accountability after news surfaced that the power utility was facing yet another disastrous coal shortage. Eskom confirmed that there were currently eight power stations with less than 20 days of coal stockpiles, or nine... 

Mapisa-Nqakula explores defence ties with Congo-Brazzaville minister

17th September 2018 Defence Minister Nosiviwe Mapisa-Nqakula on Monday had a meeting with her Congo-Brazzaville counterpart, Charles Richard Mondjo, who is in Pretoria ahead of the 2018 edition of the Africa Aerospace and Defence [AAD] exhibition which kicks off later this week. "This reciprocal visit, that was... 

Zwane issued ultimatum to bank on closing Gupta accounts, inquiry hears

17th September 2018 In trying to force Standard Bank to reverse its decision to close Gupta-linked business accounts, former mineral resources minister Mosebenzi Zwane reminded the bank executives that the South African government was in charge of issuing banking licenses and could change banking laws anytime.... 

SA delegation arrives in Japan for investment mission

17th September 2018 A South African delegation arrived in Tokyo, Japan on Monday for an investment mission which is set to take place until Saturday. The delegation, led by the acting head of Invest South Africa, Yunus Hoosen will be meeting with leading companies in an effort to attract them to invest and expand... 

City of Cape Town announces improving dam levels

17th September 2018 The City of Cape Town on Monday announced that dam levels feeding the city had improved to 70 percent of storage capacity over the past week. The announcement came as Cape Town and surrounding areas experienced further heavy rainfall overnight Sunday and into Monday, with further rainfall... 

Government's economic stimulus package to be made public soon – Presidency

17th September 2018 The economic stimulus package adopted by cabinet will reprioritise government spending within the existing fiscal framework towards activities that will stimulate economic activity, the presidency said on Sunday. President Cyril Ramaphosa had "shared" with South Africa’s business and labour... 

State companies, small businesses must be global players in ICT, says minister

14th September 2018 The South African government was working to position state entities and small businesses as global players in the field of information and communication technology (ICT), according to telecommunications minister Siyabonga Cwele. “Our priority focus is to demonopolise the electronic and... 

Forensic identification results into CTown munitions explosion almost ready

13th September 2018 The results of a forensic identification into the deadly explosion at the Rheinmetall Denel Munition (RDM) munitions factory in Cape Town nine days ago will be released later this week. The management of RDM hosted a lunch on Wednesday for the families affected by the explosion which claimed the... 

Radebe moots shale gas exploration as answer to high fuel price

13th September 2018 Energy Minister Jeff Radebe on Wednesday called for all impediments to shale gas exploration to be removed as part of the government's response to the record high in the fuel price. Radebe told a debate in the National Assembly on the fuel price, the main driving factor was the current policies... 


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