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African News Agency

Nonkululeko Nyembezi appointed as first black woman to chair Alexander Forbes

1st November 2017 South African financial services group Alexander Forbes on Wednesday announced the appointment of veteran business executive Nonkululeko Nyembezi as the new independent nonexecutive chairperson with effect from January 1, 2018. Nyembezi will become the first woman to chair the board in the... 

Joburg north residents warned of sewer contaminated water

1st November 2017 Joburg Water on Wednesday advised residents of Northriding not to drink tap water due to sewer contamination. ”Johannesburg Water suspects possible sewer contamination within the water network in parts of Northriding. We strongly advise residents residing in the area not to consume tap water... 

New Eastern Cape business centre to boost township economy

1st November 2017 Local emerging businesses and aspiring business people from the Veeplaas community in the Eastern Cape have been granted an opportunity to boost the local township economy following the opening of a local Business Centre by the Nelson Mandela Bay municipality. Nelson Mandela Bay Mayor Athol... 

No contradiction in nuclear deal statements – Gigaba

31st October 2017 There were no contradictions in statements made by Treasury and energy minister David Mahlobo regarding the country’s contentious nuclear procurement deal, according to finance minister Malusi Gigaba, speaking at a business breakfast in Umhlanga on Tuesday morning, just a week after tabling his... 

No tax revolt coming in South Africa – Gigaba

31st October 2017 Finance Minister Malusi Gigaba says that he does not foresee a “tax revolt” among South African citizens who are fed up with corruption and government’s poor spending habits. “We will revolt against those who revolt against paying taxes,” he said during a question and answer session at a business... 

Trillian raked in money for nothing, knew Nene and Gordhan would be fired, Eskom inquiry hears

31st October 2017 A former top executive of Trillian Capital Partners on Tuesday confirmed that the company did work for Eskom to the tune of R600-million without any formal contract with the power utility after earning R93-million from Transnet for no services rendered. Mosilo Mothep’s testimony before... 

Cape Town will not run out of water, says mayor De Lille on visit to desalination plant site at V&A Waterfront

30th October 2017 Cape Town mayor Patricia de Lille on Sunday pledged that Cape Town “will not run out of water”, and said one of the city’s modular land-based desalination plants would produce two-million litres of water per day to be fed into the city’s water distribution network by February 2018. “Last week I... 

ANC and alliance partners want urgent inquiry into ‘State capture’

27th October 2017 The African National Congress (ANC) and its Tripartite Alliance partners have agreed on the need for an urgent Judicial Commission of Inquiry into “State capture”. The statement issued on Friday by alliance partners ANC, the South African Communist Party (SACP), Congress of South African Trade... 

We are facing tough times, says Gigaba

26th October 2017 South African Finance Minister Malusi Gigaba conceded on Thursday that the country was facing tougher times ahead as its economic growth outlook was bleak. Briefing Parliament’s standing committees on finance and appropriations following his maiden medium-term budget policy statement, Gigaba... 

Fin Min’s mid-term budget speech boosts investor confidence – Govt

26th October 2017 A leading United States investor has announced plans to invest over $1-billion (R14.1-billion) in South Africa over the next few months. This follows after Finance Minister Malusi Gigaba tabled what was according to a statement, a difficult medium-term budget in Parliament on Wednesday. According... 

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