R/€ = 16.41 Change: -0.01
R/$ = 13.98 Change: -0.01
Au 1280.45 $/oz Change: -1.95
Pt 934.50 $/oz Change: -1.00


Round 2 on Nkandla-gate

2nd June 2015 Parliament faces the second round on Nkandla on Tuesday when a multiparty ad hoc committee debates Police Minister Nathi Nhleko’s report that absolves President Jacob Zuma from paying back any money spent on his private residence. Opposition parties last year walked out on a similar committee... 

Nkandla matter may go to court, says Madonsela

2nd June 2015 If President Jacob Zuma fails to implement the remedial action the Public Protector suggested in her report on his private home in Nkandla, the matter might be taken to court, Thuli Madonsela said on Monday. Speaking on The Justice Factor on eNCA, Madonsela encouraged Zuma to approach the courts... 

Burst pipe kills two workers at Mpumalanga power station

2nd June 2015 Two Eskom contractors died on Monday afternoon after a pipe burst and produced high pressure steam at the Grootvlei Power Station in Mpumalanga, the power utility said. Spokesperson Khulu Phasiwe said the steam, produced by the boilers, was at a very high pressure and was used to turn the turbines. 

S&P's issues warning over Cell C debt

1st June 2015 Ratings agency Standard & Poor’s (S&P) has issued a warning over South African mobile operator Cell C’s R2bn unsecured debt. The ratings agency has raised concern over the unsecured debt which has upcoming maturities in July. S&P has also issued a warning in light of Cell C continuing to generate... 

Herbicide ban will cost SA farming billions – expert

1st June 2015 The farming and the agrochemical sectors stand to lose billions of rands if glyphosphate is prohibited, after a World Health Organisation finding of possible carcinogenicity. An industry expert at CropLife South Africa, Dr Gerhard Verdoorn, told Fin24 that the loss of glyphosphate as a herbicide... 

Comair: It was never our aim to ground SAA

1st June 2015 The application to challenge the R5-billion government guarantee for South African Airways (SAA) in 2012 was not an attempt to shut down or privatise the airline, Comair said on Monday. Comair CEO Erik Venter said on Monday that the action taken by JSE-listed Comair was not a challenge to stop... 

Madonsela stands by her report, will write to Zuma

1st June 2015 Public Protector Thuli Madonsela will write to President Jacob Zuma to point out limitations in Police Minister Nathi Nhleko's Nkandla report, her office said on Friday. She said she stood by her own report and wanted to ensure that Zuma was "placed in a position to make an informed decision not... 

Privatising Eskom a mistake – SACP

1st June 2015 It would be a major strategic error to privatise Eskom in any way, the South African Communist Party (SACP) said on Sunday. In a statement, after the conclusion of the party's three day central committee meeting in Johannesburg, the SACP said separating power generation from transmission would... 

EFF to take Zuma and Cabinet to court over Nkandla

1st June 2015 The Economic Freedom Fighters (EFF) wants to take legal action against President Jacob Zuma, Police Minister Nathi Nhleko, Public Works Minister Thulas Nxesi and the Cabinet for what it said was a legal breach of the Constitution regarding the Nkandla matter. "These parties have conspired to... 

Molefe vows no planned load-shedding this winter

29th May 2015 South Africans could be living without load shedding this winter, if acting Eskom CEO Brian Molefe gets his way. Speaking at the launch of the Transnet Development Hub on Friday, Molefe said planned maintenance was mostly completed and so the utility was able to generate more power to meet the... 


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