R/€ = 14.90 Change: 0.05
R/$ = 12.17 Change: 0.06
Au 1331.72 $/oz Change: -4.73
Pt 1012.50 $/oz Change: -0.51


Knott-Craig Jr to launch data-only network HeroTel

25th August 2015 A new data-only network is set to take on South Africa's big telecommunications players. On Tuesday, the former head of iBurst and Mxit, Alan Knott-Craig Jr, announced that a new business called HeroTel will consolidate the local wireless internet service provider (Wisp) industry to provide a... 

SARB may step in to stem rand's fall

25th August 2015 The South African Reserve Bank (SARB) said late on Monday it may consider becoming involved in foreign exchange markets to ensure orderly price action. The bank said it had maintained over many years its position of not intervening in the foreign exchange market. 

Madonsela says evidence of maladministration, improper conduct at PRASA

24th August 2015 Public Protector Thuli Madonsela has found widespread evidence of maladministration, improper conduct, and nepotism at the Passenger Rail Agency of South Africa. Here is a list of ten of the 32 complaints Madonsela investigated and which she found were substantiated. A total of 19 were... 

Rand plunge creates inflation fear factor for SARB

24th August 2015 The SA Reserve Bank (SARB) will be keeping a careful eye on the rand on Monday, while analysts speculate on a further interest rate hike in November following the currency's dramatic plunge. The rand briefly fell to its lowest recorded level of R14.07/$ overnight and steadied out at R13.20/$ by... 

Gold only nugget amid JSE bloodbath

24th August 2015 The world markets meltdown which continued on Monday spilled over to the JSE, dragging the All Share-index below 48 000 points. On Friday, the All Share closed below 50 000 points for the first time since the beginning of the year. On Monday, all the major indices on the JSE, with the exception... 

City makes us out as a monster – Sanral

24th August 2015 South African National Roads Agency Limited (Sanral) has claimed it, and not Cape Town mayor Patricia de Lille, made an offer to resolve a court feud over proposed tolling in the city. Correspondence between the parties showed the parastatal had been anything but silent on the matter, Sanral... 

Madonsela to release Prasa report

24th August 2015 Public Protector Thuli Madonsela is expected to release her report on an investigation into allegations of maladministration at the Passenger Rail Agency of South Africa (Prasa) on Monday afternoon. The report was initially meant to be released on July 23, however according to her office,... 

Labour, business in bid to stop steel jobs bloodbath

21st August 2015 Labour and business were scheduled to meet with government representatives in Pretoria on Friday in a bid to stem massive job losses the steel sector faces in the coming months. "The meeting was requested by labour and business amidst the looming jobs loss bloodbath" in the steel sector, said the... 

Some mining companies collude with zama zamas – SAHRC

21st August 2015 Some mining companies collude with zama zamas (illegal miners) when it was not commercially viable to formally use mines belonging to them. That's according to a report by the South African Human Rights Commission (SAHRC). 

NGOs apply to intervene in possible gold mine class action suit

21st August 2015 The High Court in Johannesburg will hear an application by the Treatment Action Campaign (TAC) and Sonke Gender Justice next week for them to intervene as amicus curiae (friends of the court) in a possible class action suit against South African gold mines. “For decades, gold mines have treated... 


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