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News24Wire

ANC worries over elections as SA enters recession

6th September 2018 The chairperson of the African National Congress's (ANC's) subcommittee on economic transformation Enoch Godongwana has admitted that the ruling party is worried about going into the 2019 national elections while the country's reeling from an economic recession. He made the comments to... 

ANC calls for immediate stimulus package as economy dips into recession

5th September 2018 The African National Congress (ANC) has called for ‘aggressiveness’ in implementing an economic recovery package after Stats SA announced on Tuesday that South Africa had slipped into its first technical recession since 2009.  In a statement on Wednesday, the party’s subcommittee on economic... 

DNA testing required to identify casualties in Denel explosion – City official

5th September 2018 A community meeting where Rheinmetall Denel Munition officials were expected to answer questions from Macassar residents about what happened at their depot on Monday fell flat when those expected to attend cancelled at the last minute due to "fears for their safety". Residents on Tuesday night... 

Maiden's Cove development under fire

5th September 2018 A R1.5-billion plan by the City of Cape Town to develop Maiden's Cove – a scenic headland and beach between Clifton Fourth Beach and Glen Beach in Camps Bay – is facing a court challenge from City residents, GroundUp reports. The development of the cove area, devised in 2015, includes plans for... 

Tiny beetle is killing SA's trees – and nothing can stop it

5th September 2018 A beetle smaller than a sesame seed is killing huge trees throughout South Africa, and little can be done to stop it. The polyphagous shot hole borer, a native of southeast Asia no bigger than 2mm, has found its way to South Africa and is infesting trees at an alarming rate. According to... 

R1bn 'lost' to cash-in-transit robbers in 8 years – Hawks

5th September 2018 More than R1-billion has been "lost" as a result of cash-in-transit robberies in the eight years between 2008 and 2016, according to the Directorate for Priority Crime Investigation (DPCI). The DPCI, or the Hawks as they are more commonly known, granted a Public Access to Information Application... 

At China-Africa summit, officials dismiss debt criticism

5th September 2018 Chinese and African officials have rejected criticism of Beijing's development projects on the continent as they ended a summit that included a $60-billion pledge for more aid to the continent. President Xi Jinping hosted leaders from across Africa  amid questions whether his country's Belt and... 

Ethiopia opens logistics sector to foreign investment

5th September 2018 Ethiopia will open its logistics sector to foreign investors but cap their participation, the State investment body said on Tuesday in the latest reform to loosen the government's control of the economy. Prime Minister Abiy Ahmed has presided over a shake-up of one of the most heavily-regulated... 

South Africa in technical recession as second quarter GDP falls

4th September 2018 South Africa has officially entered a technical recession, after Stats SA announced on Tuesday that the country's real gross domestic product (GDP) had decreased by 0.7% in the second quarter of the year. This follows a GDP contraction of 2.2% in the first quarter. A technical recession is two... 

Energy Department intervenes to keep petrol price increase down

3rd September 2018 On Wednesday fuel prices will increase by just 4.9c per litre, the Department of Energy announced on Monday.  This is below the 23c to 25c per litre increase expected by the AA.  

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