R/€ = 15.49 Change: 0.00
R/$ = 13.22 Change: 0.00
Au 1240.80 $/oz Change: -2.25
Pt 824.50 $/oz Change: -6.21


Gordhan lays out State's case against suspended Sars boss Moyane

15th June 2018 Public Enterprise Minister Pravin Gordhan has laid out the State's case against suspended South African Revenue Service (Sars) commissioner Tom Moyane in a 69-page affidavit. Moyane was suspended from the tax agency on March 19. President Cyril Ramaphosa at the time accused him of overseeing a... 

'High risk' of load shedding over weekend

15th June 2018 South Africa on Friday experienced its second consecutive day of load shedding, with power outages likely to continue over the weekend.  Eskom spokesperson Khulu Phasiwe said that stage 1 load shedding started at 11:30 and would continue until 21:00 due to "multiple trips of its power generation... 

More petrol price hikes for SA: 'Oil down but Rand pummels fuel price' – AA

15th June 2018 Motorists will have to brace themselves as fuel prices look set for another jump going into July, says Automobile Association (AA), commenting on unaudited mid-month fuel data released by the Central Energy Fund (CEF).   AA said: "Since the start of June, the Rand has steadily weakened against... 

Gauteng prepares to expropriate privately owned land without compensation

15th June 2018 The Gauteng government wants to "immediately" expropriate without compensation privately owned land lying idle. Premier David Makhura said the province was completing an audit of all unused privately owned land to test the Constitution instead of waiting on the parliamentary process currently... 

Cash-in-transit heists could lead to losses of R470m, Parliament hears

14th June 2018 Cash-in-transit heists will lead to cash losses of R470-million this year if the current trend continues, the Portfolio Committee on Police heard on Wednesday. The meeting brought together a range of stakeholders concerned with cash-in-transit heists, including the South African Banking Risk... 

GDP shock will lead to revision of optimistic growth predictions – Nene

8th June 2018 The shock contraction of gross domestic product (GDP) in the first quarter will mean a downward revision of optimistic predictions for growth in 2018, Finance Minister Nhlanhla Nene has said. Nene on Friday addressed the Directors Event, a conference attended by some 300 business leaders in... 

Public sector wage deal inches closer as more unions sign

7th June 2018 The public sector wage agreement is close to being a done deal, with 48% of workers represented by trade unions at the Public Service Coordinating Bargaining Council (PSCBC) supporting the offer. A majority of 50%+1 employee agreement is required to implement the deal. 

By 2050 there may be more plastic in oceans than fish – UN

5th June 2018 Plastic pollution in the oceans has reached a stage where microplastics – pieces smaller than 5mm – now outnumber stars in our galaxy, according to UN secretary general António Guterres. And by 2050, he says, if present trends continue, there will be more plastic in the world's oceans than fish.... 

Local govt service delivery improved in 2016/17 – Stats SA

5th June 2018 The number of people receiving services from municipalities increased between 2016 and 2017, Statistics South Africa has found. "For the period under review, the highest percentage increase was recorded in the provision of sewerage and sanitation (3.8%), followed by solid waste management (2.6%),... 

DPE probes Gupta-linked Alexkor for environmental law compliance

5th June 2018 The Department of Public Enterprises is investigating whether state-owned mining company Alexkor, which had links with the infamous Gupta family, complies with environmental legislation. This has emerged in Minister of Public Enterprises Pravin Gordhan's answer to a parliamentary question by DA... 

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