R/€ = 16.06 Change: 0.00
R/$ = 14.13 Change: -0.10
Au 1220.90 $/oz Change: 0.31
Pt 840.50 $/oz Change: -5.76


Ramaphosa to make an announcement on Nene's fate 'soon' – Presidency

9th October 2018 President Cyril Ramaphosa is concerned about the uncertainty being created in the financial markets around the fate of Finance Minister Nhlanhla Nene, his spokesperson Khusela Diko said on Tuesday. Speaking to News24, she said Ramaphosa would make an announcement on Nene's fate "soon". She did... 

Nene fears worsening 'jittery' markets – Basa

8th October 2018 Uncertainty over the future of Finance Minister Nhlanhla Nene is leaving markets jittery, in a development the Banking Association of South Africa (Basa) has described as "unfortunate". Basa Chairperson Mike Brown said on Monday that the markets would be watching closely if there were any change... 

Unesco ready to help protect Kogelberg biosphere amid drilling programme

8th October 2018 Unesco has offered South Africa "technical support" to protect the Kogelberg biosphere and preserve the Unesco status of the reserve, which has one of the highest levels of biodiversity and endemism on the planet. Unesco chief of media services George Papagiannis said this week that "Unesco was... 

MCSA hopes Mandela Platinum Coin will rival Krugerrand

5th October 2018 CEO of the Minerals Council South Africa, Roger Baxter, was upbeat following the first day of the Jobs Summit, saying the industry has a proposal to improve platinum demand, a potential growth area. The sector has been in talks with government to develop a Mandela Platinum Rand in honour of the... 

Jobs crisis: We all took our eyes off the ball, says Busa vice president

5th October 2018 Business Unity South Africa (Busa) vice president Martin Kingston says the last decade saw "significant damage" being done to the country due to various stakeholders dropping the ball – and it will be a long time before that damage is undone. "We collectively took our eyes off the ball for the... 

Nene's involvement with son's business dealings questioned

5th October 2018 Finance Minister Nhlanhla Nene has been pulled into the orbit of a questionable investment by the Public Investment Corporation (PIC) in Mozambique, after it emerged that a business partner of his son scored millions of rand in the deal.  The Mail & Guardian and amaBhungane reported on Friday... 

Nzimande wants urgent report on Kempton Park train crash

5th October 2018 Transport Minister Blade Nzimande wants an urgent report on the Kempton Park train crash after 320 people were injured in the collision between two trains on Thursday. Nzimande is seeking answers from the Rail Safety Regulator (RSR), his spokesperson Ishmael Mnisi said on Friday. "Minister... 

Eskom suspends senior manager pending investigations into internal audit reports

4th October 2018 Eskom announced on Thursday afternoon that it had placed its Senior General Manager of Assurance and Forensics, Molefi Nkhabu, on a precautionary suspension. The power utility said this was pending an investigation into circumstances surrounding internal audit investigation reports related to... 

No forced public service retrenchments as government readies for Jobs Summit

4th October 2018 Government will use the Jobs Summit starting on Thursday to promise that there will be no forced retrenchments in the 1.3-million-strong public service, says Madoda Vilakazi, executive director of Nedlac, which is running the presidential jobs extravaganza. Nedlac is the National Economic... 

Investment dream team has hit the ground running – Ramaphosa

3rd October 2018 President Cyril Ramaphosa says his special envoys on investment have held 150 meetings with investors in total - visiting Johannesburg, Cape Town and nine countries over five months. This as Ramaphosa updated Members of Parliament in a written reply to questions on one of his earliest economic... 


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