R/€ = 15.69 Change: -0.06
R/$ = 13.81 Change: -0.08
Au 1282.80 $/oz Change: -11.06
Pt 798.55 $/oz Change: -5.31


No land grabs in SA, your investments are safe – Ramaphosa tells German counterpart

20th November 2018 President Cyril Ramaphosa said at a media briefing on Tuesday morning in Cape Town with German President Frank-Walter Steinmeier that there will be no land grabs in South Africa and that foreign investments in the country are safe. “Investors should have no fear that their land or investment will... 

New stage 8 load shedding 'nothing to panic about', says Eskom

20th November 2018 Power utility Eskom recently announced that it would be expanding its load shedding plan to eight stages, allowing for up to 8 000 MW to be shed from the national grid. It previously had four stages that allowed for up 4 000 MW to be cut.   The new schedule is "nothing to panic about", Eskom... 

Hawks investigating 311 cases involving municipalities

20th November 2018 The Hawks are investigating 311 cases involving municipalities across the country, the Department of Cooperative Governance and Traditional Affairs (Cogta) says. Cogta spokesperson Musa Zondi said 98 of the cases were in court, 178 were under investigation, and 35 were either finalised or... 

New toilet can save 30% of water and 30% of consumers' water bills

20th November 2018 South Africa has developed a revolutionary new toilet that uses less than two litres of water for a full flush – saving around 700 litres of water a person every month. Normal lavatories use between six and 12 litres for each flush and account for 30% to 40% of a household's water use, so the new... 

Patel: I declined several invites from the Guptas

19th November 2018 Economic Development Minister Ebrahim Patel has said he declined several invitations from the Gupta family, including one to the now-infamous wedding at Sun City in 2013. In a written reply to a question from Democratic Alliance (DA) MP Michael Bagraim, Patel clarified that neither he nor... 

Pravin Gordhan to appear before State capture inquiry

19th November 2018 Public Enterprises Minister Pravin Gordhan is expected to deliver his much-awaited testimony on Monday at the State capture inquiry in Johannesburg. Gordhan was said to be angry after his sworn statement, prepared for the judicial inquiry into State capture headed by Deputy Chief Justice Raymond... 

Malusi Gigaba named in bombshell Treasury report on rot at Eskom, Transnet

16th November 2018 National Treasury has released a bombshell report of more than 600 pages detailing the extent of rot at Transnet and Eskom over the last six years – and says Malusi Gigaba compromised the procurement process of controversial new Chinese locomotives. The report, compiled after a forensic... 

‘Massive’ fuel price drop on the cards for December – AA

15th November 2018 The Automobile Association (AA) announced on Thursday that, based on current data, motorists could expect ‘massive drops’ in the prices of petrol and diesel for December.  The association is predicting a drop of R1.54 per litre for petrol, with diesel dropping by 92 cents and illuminating... 

Malusi Gigaba resigns as MP

15th November 2018 Malusi Gigaba has resigned as a Member of Parliament, saying it was his honour and privilege to serve as a MP for the African National Congress (ANC). The Office of the Speaker and ANC Chief Whip Jackson Mthembu confirmed Gigaba's resignation on Thursday, effective from Tuesday, November 13. "It... 

Municipalities' unpaid water bills increase to a whopping R13.1bn

15th November 2018 Municipalities that do not pay their water bills have run up a whopping R13.1bn debt – an amount just R2bn short of the entire annual budget of the Department of Water and Sanitation. The department told the Portfolio Committee on Water and Sanitation on Wednesday that despite interventions since... 


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