R/€ = 15.05 Change: 0.08
R/$ = 12.43 Change: 0.01
Au 1317.80 $/oz Change: -6.13
Pt 908.50 $/oz Change: -14.62


Malusi Gigaba given 10 days to prepare for Eskom Inquiry

7th March 2018 Home Affairs Minister Malusi Gigaba has 10 days to prepare for his appearance before the Eskom Inquiry. Gigaba was scheduled to appear before the portfolio committee on public enterprises on Tuesday, but sent a letter to the chair Zukiswa Rantho on Friday March 2, requesting an extension. 

ANC to re-table motion to fully nationalise SARB

7th March 2018 The African National Congress (ANC) intends to re-table a Parliamentary motion to nationalise the South African Reserve Bank (SARB) by doing away with its private shareholders. On Tuesday, just hours before it was set to be heard, the ANC withdrew its initial motion to debate the nationalisation... 

ANC withdraws motion to debate nationalisation of SARB

6th March 2018 An African National Congress (ANC) Parliamentary motion to debate the nationalisation of the South African Reserve Bank (SARB) has been withdrawn, to allow the party to consult further on the matter within its structures and with key stakeholders. The debate was set to take place in Parliament on... 

Western Cape dam levels drop even more

5th March 2018 The latest average level, for dams across the Western Cape, is 20.83% - compared to 30.09% for the same time last year - MEC for Local Government, Environmental Affairs and Development Planning Anton Bredell said on Monday. "At this stage, the water situation in our 30 municipalities is... 

Enterprise Foods to recall affected products, but conducting own listeriosis tests

5th March 2018 Tiger Brands, on behalf of its division Enterprise Foods, has committed to recalling products that are identified with listeriosis outbreak, but are conducting its own tests as well. This follows an announcement by Health Minister Aaron Motsoaledi and the National Institute of Communicable... 

International community should not panic over land reform – Sisulu

5th March 2018 Government has urged the international community not to panic over South Africa's parliamentary processes with regards to the controversial land expropriation policy. Minister of international relations and co-operation Lindiwe Sisulu said in a statement on Sunday that she "noted a number of... 

City of Cape Town extends N2 Express Joint Venture contract

2nd March 2018 The City of Cape Town has announced that it has extended its operating contract with the N2 Express Joint Venture (JV) vehicle operating company. Mayoral Committee Member for Transport and Urban Brett Herron said in a statement that the contract was extended on Wednesday and that it was effective... 

Ramaphosa: Land motion 'no reason to panic or beat the war drum'

1st March 2018 President Cyril Ramaphosa has said there is no reason to "panic and start beating war drums" over Parliament's decision to look at land expropriation without compensation. Ramaphosa was on Thursday responding to the National House of Traditional Leaders debate on his address to the House this... 

Lynne Brown resigns as ANC MP

1st March 2018 The African National Congress (ANC) announced on Thursday that former public enterprises minister Lynne Brown has resigned as a Member of Parliament for the party. Brown was removed from her position in Cabinet in President Cyril Ramaphosa's reshuffle on Monday night. 

Rand corrects on SA land issues and global factors

1st March 2018 Following a recent rally on the back of political developments, global factors have set the rand on a path of correction. The rand opened at R11.79 on Thursday, after trading weaker since Tuesday. This followed the National Assembly's adoption of a motion for land expropriation without... 


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