R/€ = 15.90 Change: -0.33
R/$ = 13.73 Change: -0.30
Au 1275.10 $/oz Change: -5.20
Pt 864.50 $/oz Change: -20.98


Davies warns reckless lenders

7th September 2015 The rising level of over-indebtedness is a serious concern, Trade and Industry Minister Dr Rob Davies said on Monday. He is especially worried about the increasing number of consumers with impaired credit records. 

S Africa is not at the back of a queue, says Rosatom

7th September 2015 Russia’s atomic energy corporation, Rosatom, has disputed claims that South Africa will be at the back of a queue of reactor orders if it wins the nuclear build contract. Viktor Polikarpov, Rosatom's VP of sub-Saharan Africa, told Fin24 on Monday that while the company had 17 firm orders for... 

Chamber of Mines just dances on same spot – NUM

7th September 2015 The time of dancing on the same spot in different shoes must come to an end, the National Union of Mineworkers (Num) said about the Chamber of Mines' wage negotiations. "The members of NUM expect nothing less than a tangible commitment towards a living wage and a better life for workers and their... 

Redefine Properties makes JSE Top 40 index

4th September 2015 Redefine Properties will for the first time be included in the FTSE/JSE Top 40 index, making it one of the 40 largest listed companies in South Africa by market capitalisation.  Redefine’s inclusion in the Top 40 was announced by the Johannesburg Stock Exchange on Wednesday evening and will take... 

Africa loses R50bn every year in illicit flow of funds – Mbeki

4th September 2015 Africa loses more than R50-billion every year as a result of the illicit flow of funds, former president Thabo Mbeki has said. "Africa faces the great challenge of large volumes of capital leaving the continent illicitly - money that our continent needs to address the challenges of development,"... 

Diamonds, gold worth R2m bust at Beitbridge

4th September 2015 Rough diamonds and gold worth more than R2-million were confiscated at Beitbridge border post, the South African Revenue Service (Sars) said. "Vigilant customs officials discovered rough diamonds and gold hidden in a traveller’s belongings at the Beitbridge border post on Wednesday, September 2. 

Fixing Eskom, SAA, Sapo not for votes, says Ramaphosa

2nd September 2015 Deputy President Cyril Ramaphosa said on Wednesday that his attempts to improve the efficiency of South Africa's state-owned entities (SOEs) are not an attempt to get more votes in the 2016 Local Government Elections. He was updating the National Council of Provinces on his plans to improve the... 

MH370 wreck likely south of Java, simulations show

2nd September 2015 A 500 km by 500 km patch of ocean due south of the Indonesian island of Java is the most likely crash site of Malaysia Airlines flight MH370, a group of German researchers say. That would direct search efforts for the plane – which went missing on March 8, 2014, on its way from Kuala Lumpur to... 

Obama urges climate action, or else...

2nd September 2015 US President Barack Obama urged an international conference on the Arctic on Monday to unite now to slow climate change, or else face a dire future. "The climate is changing faster than our efforts to address it," he warned the US-hosted Glacier conference in Anchorage, Alaska. "That, ladies and... 

Swift action needed against corrupt officials – DA

2nd September 2015 The Gauteng provincial government has promised to investigate officials implicated in corruption in the Expanded Public Works Programme (EPWP), however, remedial action was always after the fact, the Democratic Alliance (DA) said on Tuesday. Alan Fuchs MPL, the party's shadow MEC for... 

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