R/€ = 16.49 Change: 0.18
R/$ = 13.99 Change: 0.17
Au 1294.20 $/oz Change: 4.20
Pt 953.50 $/oz Change: 5.50


Brian Dames: Gigaba adviser lured me to meet Guptas

18th October 2017 Former Eskom CEO Brian Dames said he was asked to meet “some people” who turned out to be the Guptas by Finance Minister Malusi Gigaba’s adviser Siyabonga Mahlangu. “It was somewhere in Midrand and there was one other individual: I assume it was one of the brothers,” he said. “I was very angry... 

‘You are too late’ – Dames on State capture inquiry

18th October 2017 Former Eskom chief executive Brian Dames told Parliament’s State capture inquiry on Wednesday that while the process is a great move, it was too late. “You are too late,” he said. “You should have done this a long time ago.” 

Zwane to Parliament – Am I being investigated?

18th October 2017 "Am I being investigated? I need to know so that we can start dealing with facts and not allegations that are in the media." Those were the introductory remarks from Mineral Resources Minister Mosebenzi Zwane who is currently appearing before Parliament's portfolio committee on mineral resources... 

11% of government departments may not be able to operate in future - AG

18th October 2017 Auditor General Kimi Makwetu has revealed in Parliament that 11% of government departments face "material uncertainty" about their ability to continue operating in future. Makwetu was reporting before the Standing Committee on Public Accounts (Scopa), the Standing Committee on Appropriations, and... 

Rand drops on Zuma's suprise 'pro-nuclear' Cabinet reshuffle

17th October 2017 The rand lost more than 0.5% within minutes of President Jacob Zuma's announcement of yet another surprise Cabinet reshuffle. The biggest move is that of energy - Mmamoloko Kubayi has been moved from the energy portfolio to communications, with David Mahlobo now occupying the position of Minister... 

PRASA says it’s on top of security problems

17th October 2017 The Passenger Rail Agency of South Africa (PRASA) has responded to the damning letter written by Ernest Hendricks, regional security manager of the Western Cape. In the letter, dated 31 May and addressed to PRASA's head office in Pretoria, Hendricks described problems with the security system,... 

Mandela slates 'insensitive' proposal to exclude coloured and Indian BEE contractors

17th October 2017 A proposal to exclude South Africans who are coloured and those of Indian descent from lucrative state contracts in KwaZulu-Natal is ill-conceived and designed to only benefit the advantaged, said MP and chief Nkosi Zwelivelile Mandela on Monday. "The proposal flies in the face of the significant... 

City of Cape Town's water supply augmentation process 'not cancelled'

17th October 2017 The City of Cape Town has announced on Monday that its emergency augmentation programme to increase the supply of water in the drought-stricken metro has not been cancelled as reported in the media. "Contrary to allegations emerging over the weekend, the City of Cape Town's augmentation programme... 

It's up to Gigaba to rebuild trust and confidence in mini budget – Coovadia

16th October 2017 The motives behind government’s failure to act in the national interest should be questioned as it undermines trust and service delivery in South Africa, Cas Coovadia, managing director of the Banking Association of South Africa (BASA), said on Monday. Coovadia in a statement called on Finance... 

El Nino contributes to new high in carbon dioxide levels

16th October 2017 The amount of atmospheric carbon dioxide (CO2) in our world is likely to top 410 parts per million (ppm) this year. The CO2 measured at the Mauna Loa Baseline Atmospheric Observatory in Hawaii hit 405.1 ppm in 2016 - an increase of 3 ppm over the previous year, marking five consecutive years of... 


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