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African News Agency

I will try to protect Treasury from political meddling – Mboweni

24th October 2018 Finance Minister Tito Mboweni on Wednesday said he would strive to protect the National Treasury from political interference but conceded that he would be naive to think he could succeed. "I thought one thing I am going to try to do is provide political protection to National Treasury or to the... 

Consumer Price Inflation stays 4.9%

24th October 2018 The Consumer Price Inflation remained at 4.9% in September 2018, unchanged from August 2018, Statistics SA said Wednesday morning. "The consumer price index increased by 0.5% month-on-month in September 2018. Annual inflation for food and non-alcoholic beverages increased to 3.9% in September... 

Sars did not implement R200m IT restructuring model, inquiry hears

24th October 2018 The R200-million information technology (IT) modernisation model that was developed by a consultancy firm hired by suspended South African Revenue Services (Sars) commissioner Tom Moyane to revive and restructure the revenue service's IT was never implemented, the Nugent Commission of Inquiry... 

Resilient S Africa emerging from potentially destructive period – Ramaphosa

23rd October 2018 President Cyril Ramaphosa said on Tuesday his government was leading a South Africa emerging from a very difficult past, characterised by massive corruption and the erosion of confidence in key state institutions. "It is important that we should not overlook the challenges that we have, emerging... 

Treasury-led initiative offers free financial education to communities

23rd October 2018 The National Treasury and related financial organisations have undertaken what they called a successful campaign to financially educate South African communities. The pilot initiative "Money Smart Week South Africa" went live in the communities of Mamelodi, Tembisa, Alexandra and Soweto from... 

Johannesburg mayor Mashaba denounces Gordhan explanation on Denel loan

23rd October 2018 Johannesburg mayor Herman Mashaba has accused Public Enterprises Minister Pravin Gordhan of being "economical with the truth" in explaining how state owned arms firm Denel received a R290-million unsecured loan from the city's sinking fund management company. In a written response to questions in... 

DBSA awarded funding to create R2bn climate finance facility

22nd October 2018 The Development Bank of Southern Africa (DBSA) announced on Monday that it has been awarded funding of R795-million to establish a R2-billion Climate Finance Facility (CFF) focusing on infrastructure projects and businesses that mitigate or adapt to climate change.  The DBSA received funding from... 

Transnet confirms Gama fired with full pay for six months

22nd October 2018 Transnet on Monday confirmed that Siyabonga Gama has been fired as the freight rail operator's chief executive officer and said it was in line with a government drive to turn around State-owned entities.  Transnet said it informed Gama of its decision on Sunday and Monday would be his last... 

Embattled Rand Water appoints Sipho Mosai as acting CEO

19th October 2018 Rand Water on Friday announced that COO Sipho Mosai will assume a new position as acting chief executive of one of the country’s biggest water boards with effect from Monday next week. Mosai, a scientist by training turned strategist in the water sector, boasts over 20 years executive management... 

South Africa renews bid to accelerate digital migration process

19th October 2018 The South African government on Friday announced steps to join fellow African nations which have migrated to broadcast digital terrestrial television, despite missing the June 2015 target. "The mere fact that 11 years since Cabinet has approved this project, and we are still this far behind... 


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