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News24Wire

Guptas' flagship Oakbay faces liquidation application over R2m unpaid rent

11th September 2018 Business rescue practitioners appointed to save a Gupta business have filed an application for the liquidation of the Gupta's flagship company, Oakbay Investments, as a result of its failure to pay rent to another Gupta-owned company, Tegeta. In court papers filed in the Johannesburg High Court... 

State capture inquiry postponed 'until further notice'

11th September 2018 The judicial commission of inquiry into state capture has been postponed until further notice, it announced on Tuesday. The hearings were expected to resume on Wednesday with the testimony of former minister of public enterprises Barbara Hogan. The commission's chair, Deputy Chief Justice Raymond... 

Water Research Commission urges SA to 'get in first' and develop the iceberg project

11th September 2018 The Water Research Commission believes that within 20 years, countries will be towing icebergs from the Antarctic to supplement their water supplies. It also believes if South Africa does not get in first, the country will lose out to other countries in developing the new technology - as it had... 

Rand gains limited by negative emerging market sentiment

11th September 2018 The rand, which has been strengthening since Thursday last week, may break through the R15/$ barrier on Tuesday, but any gains will be limited by emerging market weakness, according to analysts.  The local currency opened trade at R15.19 to the greenback and was changing hands 0.96% stronger at... 

City of Cape Town relaxes water restrictions, tariffs to Level 5

10th September 2018 The City of Cape Town has made the move to relax current water restrictions from Level 6B to Level 5 from October 1, Deputy Mayor Ian Neilson announced. After suffering from the worst drought in recent history, Cape Town's dams are nearing 70% of storage capacity – a significant improvement from... 

Fearmongering over recession won't do any good – Madonsela

7th September 2018 Choose hope over fear and leadership over victimhood, former Public Protector Thuli Madonsela urged South Africans on Friday.  Fearmongering over the recession would not do the country any good, she added.  

Why a policy expert says S Africa's current phase of chaos is 'normal'

7th September 2018 South Africa is currently in a period of chaos – a normal phase to go through after years of neglect, corruption and weak leadership. This is the view of policy specialist Theo Venter of the North West University School of Business and Governance. He was one of the speakers at the Momentum... 

SA is not actually in a recession – economist

7th September 2018 South Africa is not in a recession, despite the latest gross domestic product (GDP) figures released by Statistics South Africa, economist Roelof Botha said on Thursday. South Africa slipped into what is generally considered a technical recession - defined as two successive quarters of negative... 

Sars moves to suspend head of legal Refiloe Mokoena

6th September 2018 The South African Revenue Service (Sars) has served its head of legal Refiloe Mokoena with a notice of intention to suspend her from her position, News24 has learnt. News24 understands this is in relation with Mokoena's involvement in unlawful R420-million worth of VAT refunds claimed by Gupta... 

Search on for cause of deadly Denel blast

6th September 2018 Emergency agencies and government authorities are working with Rheinmetall Denel Munition to identify the cause of a deadly blast that claimed the lives of eight people, the company said on Wednesday. The blast on Monday occurred at Rheinmetall Denel's depot in Somerset West, near Cape Town. 

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