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African News Agency

Gigaba won’t change economic policy – Cabinet

11th May 2017 Finance Minister Malusi Gigaba has no intention of changing South Africa’s economic policy – this is the message that will be conveyed to representatives of ratings agencies expected to visit the country over the next few months. Briefing journalists on Thursday following cabinet’s fortnightly... 

Eskom board to report this week on probe into acting CEO

11th May 2017 Public Enterprises Minister Lynne Brown on Wednesday said she was expecting the Eskom board to report back to her this week on a forensic investigation into the awarding of contracts worth around R1-billion to the stepdaughter of the utility’s acting chief executive Matshela Koko. “At the moment... 

HSF approaches Constitutional Court over reshuffle

10th May 2017 The Helen Suzman Foundation (HSF) has lodged an application seeking the Constitutional Court to have President Jacob Zuma’s firing of former Finance Minister Pravin Gordhan and his deputy Mcebisi Jonas be declared invalid and set aside. The organisation said Zuma has established a pattern of... 

Solidarity takes complaints against SA ‘race practices’ to UN

10th May 2017 Solidarity on Wednesday said it had filed a complaint with the International Labour Organisation (ILO) against South Africa over its affirmative action and black economic empowerment policies. “Solidarity contends that government is committing unfair racial discrimination, and requests the ILO to... 

Sassa deductions court ruling a blow to the poor

10th May 2017 The Democratic Alliance (DA) has described Tuesday’s ruling in the North Gauteng High Court in Pretoria, which ordered that Net1 can continue making deductions from grant recipients’ bank accounts, as “a huge blow to the poor”. “… the North Gauteng High Court in Pretoria saying that Net1 can... 

New twist in compensation saga for dispossessed Zimbabwe farmers

10th May 2017 In a new twist in the saga over compensation of white farmers who were ejected from their farms in Zimbabwe, two groups of dispossessed landowners have emerged, one of which argues that government is not liable and should not pay for land. Invasions of white-owned farms in Zimbabwe began in 2000... 

R13bn debt threat to KwaZulu-Natal municipalities

10th May 2017 A failure to pay over R13-billion to municipalities across KwaZulu-Natal was threatening the livelihood of some councils and has prompted the provincial cooperative governance and traditional affairs (Cogta) department to enlist the services of the South African Revenue Services (Sars) to assist... 

Gigaba insists economy must change, but says no nationalisation

9th May 2017 Finance Minister Malusi Gigaba on Tuesday insisted that radical economic transformation was inevitable, but said this would not entail nationalisation of banks or mines. Gigaba told Parliament’s standing committee on finance that whether one termed the change he referred to radical economic... 

SAA will get cash injection this year, says Treasury DG

9th May 2017 South African Airways (SAA) will receive a cash injection from National Treasury during the course of the year, but the size of it was still being debated, outgoing director general of finance, Lungisa Fuzile, said on Tuesday. Fuzile told Parliament’s standing committee on finance that this much... 

Eskom gives Zimbabwe month-end deadline to pay up

8th May 2017 Eskom said on Monday that it had given the Zimbabwe Electricity Supply Authority (ZESA) until the end on this month to honour its increasing debt or it would be forced to cut electricity supply to that country. Zimbabwe owes the South African power utility R603-million, of which R119-million is... 


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