R/€ = 15.51 Change: -0.03
R/$ = 13.26 Change: -0.04
Au 1239.00 $/oz Change: -4.05
Pt 825.50 $/oz Change: -5.21


Commission to police BEE fronting

12th August 2015 Companies and employers could face criminal prosecution for fronting as black economic empowerment entities if found guilty by a soon to be established watchdog. BEE law expert at Norton Rose Fulbright Ismail Laher and commercial litigation expert Matthew Clark told Fin24 that amendments to the... 

Joemat-Pettersson causes stir with secret document

12th August 2015 Energy minister Tina Joemat-Pettersson caused a stir on Tuesday when she tabled a document classified as secret at a portfolio committee meeting on energy. The move, which was unannounced, was not on the agenda of the portfolio committee meeting. 

Not all doom and gloom at Eskom – Molefe

11th August 2015 Eskom's financial year until the end of March 2015 was unusually challenging, leading to the financial and operational health of the business deteriorating, according to acting CEO Brian Molefe. He spoke at a media briefing on Tuesday where Eskom released its integrated annual results. 

Tiger Brands to buy more from small farmers

7th August 2015 SA’s biggest consumer foods maker Tiger brands on Friday signed an agreement with the Department of Agriculture, Forestry and Fisheries in which it agreed to buy certain crops from smallholders. Tiger Brands CEO Peter Matlare said at the signing of the Memorandum of Understanding that the deal... 

Zuma paints rosy picture of economy

7th August 2015 President Jacob Zuma painted a rosy picture of South Africa’s economy during question time in the National Assembly on Thursday. He acknowledged South Africa was affected by the global economy and foreign direct investment (FDI) inflows slowed by US$8.3-billion (R105.9-billion) in 2013, but... 

Eskom to implement stage 2 load-shedding from 17:00

6th August 2015 Eskom announced on Thursday that it would implement stage 2 load-shedding from 17:00 until 22:00 in the evening. The announcement came after Eskom stopped load-shedding at 12:00 and notified users that "as a result of increased electricity demand and power generating units being on maintenance,... 

Sanral slams Wayne Duvenage over numbers

6th August 2015 Angrily tampering with figures to make a point was not contributing to a rational approach on the question of e-tolls, the South African National Roads Agency (Sanral) cautioned on Wednesday. Sanral said this is what Wayne Duvenage of the Opposition To Urban Tolling Alliance (Outa) has done when... 

Rejecting Iran nuke deal will pave way to bomb – Obama

6th August 2015 US President Barack Obama on Wednesday launched an all-out campaign to convince Congress to approve the Iran nuclear deal, telling an audience at American University that it would be a historic mistake to squander the opportunity. If legislators rejected the agreement, "Congress would not only... 

Obama in political, legal storm with new power rules

5th August 2015 President Barack Obama launched the first-ever climate rules for US power plants Monday, calling for sweeping reductions in carbon emissions and provoking protests from the mining industry and Congress. The new rules dictate an overall reduction in heat-trapping gasses of 32% below 2005 levels by... 

Eskom to implement stage 2 load-shedding

4th August 2015 Eskom announced on Tuesday that it would implement stage 2 load-shedding due to a shortage of generation capacity. "Due to increased electricity demand and a shortage of generation capacity due to power station units being on maintenance, Eskom will implement stage 2 load-shedding from 17:00... 


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