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National Treasury slams Viceroy for 'reckless' report on Capitec

2nd February 2018 South Africa's National Treasury on Thursday said it noted the "reckless manner" in which US-based trader Viceroy reported on Capitec bank and traded shares ahead of the release. It said Viceroy stood to gain substantially from forcing the Capitec share price to fall by publishing its speculative... 

Sibanye-Stillwater says all trapped workers rescued, to resume operations Monday

2nd February 2018 Sibanye-Stillwater said on Friday all workers trapped at its Beatrix mine had been successfully rescued and that it expected to resume operations on Monday. "Employees will undergo throughout medical examination and trauma counselling, together with their families, if required," it said in a... 

Koko‏ suspended from Eskom

1st February 2018 Eskom's head of generation Matshela Koko on Wednesday, confirmed that he was suspended from South Africa's power utility. "I have since this evening received a confirmation of my suspension from Eskom. I have been served with new charges. I welcome these developments and once again look forward... 

Cape Town council approves building of 15 000 houses

1st February 2018 The City of Cape Town’s Council has given its approval for the development of seven housing projects that will provide more than 15 600 houses. The council’s approval of the projects on Wednesday paves the way for the City’s Transport and Urban Development Authority (TDA) to conclude the seven... 

Former Transport Minister details undue pressure from Tony Gupta for rail contract

31st January 2018 Deputy Public Enterprises Minister Ben Martins on Wednesday told the parliamentary inquiry into Eskom that Tony Gupta threatened court action when he failed to subvert the tender process for new trains for the Passenger Rail Agency of South Africa (Prasa). Martins conceded that he interacted with... 

Former Eskom boss Brian Molefe plans to appeal court order to repay pension benefits

31st January 2018 The former boss of state power utility Eskom, Brian Molefe, is seeking leave to appeal a high court order compelling him to repay a pension payout it said he was not entitled to.  

Opposition DA calls for SA State of Nation to be postponed

31st January 2018 The opposition Democratic Alliance (DA) has called for next month's State of the Nation address to be postponed to allow parliament to elect a new president of South Africa. In a statement on Wednesday, DA leader Mmusi Maimane said he had written to the Speaker of the National Assembly Baleka... 

Consumer confidence remains depressed during fourth quarter – FNB/BER

31st January 2018 Consumer confidence in South Africa remained depressed in the fourth quarter of 2017, extending its negative streak to three consecutive years, compilers First National Bank and the Bureau for Economic Research said on Wednesday. Having slumped from -5 in the first quarter of 2017 to -9 during... 

SANDF reservists demand release of their fellows at Thaba Tshwane

31st January 2018 A group of South African National Defence Force (SANDF) reservists gathered at the Union Buildings in Pretoria on Tuesday, airing their grievances which include jobs and the release of their colleagues. "There is a march that was requested by the reserve members of the South African National... 

South Africa ranked joint first in 2017 open budget index survey – National Treasury

31st January 2018 South African came joint first with New Zealand out of 115 countries in the 2018 Open Budget Index (OBI) survey, the National Treasury said on Wednesday. The survey assesses the availability of eight key budget documents in each of the 115 countries evaluated, and considers the comprehensiveness... 

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