R/€ = 16.60 Change: 0.04
R/$ = 14.32 Change: 0.05
Au 1229.55 $/oz Change: 1.86
Pt 844.50 $/oz Change: 0.96


Rand gains limited by negative emerging market sentiment

11th September 2018 The rand, which has been strengthening since Thursday last week, may break through the R15/$ barrier on Tuesday, but any gains will be limited by emerging market weakness, according to analysts.  The local currency opened trade at R15.19 to the greenback and was changing hands 0.96% stronger at... 

City of Cape Town relaxes water restrictions, tariffs to Level 5

10th September 2018 The City of Cape Town has made the move to relax current water restrictions from Level 6B to Level 5 from October 1, Deputy Mayor Ian Neilson announced. After suffering from the worst drought in recent history, Cape Town's dams are nearing 70% of storage capacity – a significant improvement from... 

Fearmongering over recession won't do any good – Madonsela

7th September 2018 Choose hope over fear and leadership over victimhood, former Public Protector Thuli Madonsela urged South Africans on Friday.  Fearmongering over the recession would not do the country any good, she added.  

Why a policy expert says S Africa's current phase of chaos is 'normal'

7th September 2018 South Africa is currently in a period of chaos – a normal phase to go through after years of neglect, corruption and weak leadership. This is the view of policy specialist Theo Venter of the North West University School of Business and Governance. He was one of the speakers at the Momentum... 

SA is not actually in a recession – economist

7th September 2018 South Africa is not in a recession, despite the latest gross domestic product (GDP) figures released by Statistics South Africa, economist Roelof Botha said on Thursday. South Africa slipped into what is generally considered a technical recession - defined as two successive quarters of negative... 

Sars moves to suspend head of legal Refiloe Mokoena

6th September 2018 The South African Revenue Service (Sars) has served its head of legal Refiloe Mokoena with a notice of intention to suspend her from her position, News24 has learnt. News24 understands this is in relation with Mokoena's involvement in unlawful R420-million worth of VAT refunds claimed by Gupta... 

Search on for cause of deadly Denel blast

6th September 2018 Emergency agencies and government authorities are working with Rheinmetall Denel Munition to identify the cause of a deadly blast that claimed the lives of eight people, the company said on Wednesday. The blast on Monday occurred at Rheinmetall Denel's depot in Somerset West, near Cape Town. 

ANC worries over elections as SA enters recession

6th September 2018 The chairperson of the African National Congress's (ANC's) subcommittee on economic transformation Enoch Godongwana has admitted that the ruling party is worried about going into the 2019 national elections while the country's reeling from an economic recession. He made the comments to... 

ANC calls for immediate stimulus package as economy dips into recession

5th September 2018 The African National Congress (ANC) has called for ‘aggressiveness’ in implementing an economic recovery package after Stats SA announced on Tuesday that South Africa had slipped into its first technical recession since 2009.  In a statement on Wednesday, the party’s subcommittee on economic... 

DNA testing required to identify casualties in Denel explosion – City official

5th September 2018 A community meeting where Rheinmetall Denel Munition officials were expected to answer questions from Macassar residents about what happened at their depot on Monday fell flat when those expected to attend cancelled at the last minute due to "fears for their safety". Residents on Tuesday night... 


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