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African News Agency

Ethiopian Airways plans to rule Africa’s skies

20th August 2018 Ethiopian Airlines has signed joint venture agreements and business partnerships with at least 14 countries on the continent as part of its Vision 2025 growth plan, under which the carrier hopes to become “the leading aviation group in Africa”, the East African reported. From Zambia and Malawi in... 

State capture inquiry gets underway in Johannesburg

20th August 2018 The judicial commission of inquiry into alleged capture of the South African State and its entities, referred to as ''State capture'', is set to begin on Monday in Johannesburg. At the centre of the hearings are the fugitive Gupta family, who have since left the country as allegations of... 

Sasol says earnings down 22% in year to June

20th August 2018 Global integrated chemicals and energy company Sasol said on Monday its headline earnings per share dropped 22% to R27.44 in the year to June 30. Earnings before interest, taxes, depreciation, and amortization rose 10% to R52-billion and the company declared a dividend per share of R12.90. 

Ramaphosa launches commission of inquiry into PIC

16th August 2018 President Cyril Ramaphosa will appoint a commission of inquiry to investigate the scandal-plagued Public Investment Corporation (PIC), it was announced on Thursday afternoon. The PIC invests government pensions and handles assets worth about R1.928-trillion. It is one of the biggest known funds... 

Workers reject latest wage offer by South African gold producers

16th August 2018 Workers unions on Wednesday rejected the revised three-year wage offers of up to 7.2% salary increases made by South African gold producers at the a centralised collective bargaining forum. This as the fourth round of wage negotiations between four unions – the  Association of Mineworkers and... 

Farlam unhappy with snail pace in implementation of his Marikana recommendations

16th August 2018 Retired judge Ian Farlam, who chaired the government-instituted judicial commission of inquiry into the August 2012 Marikana massacre – in which at least 44 people including protesting Lonmin mineworkers, police officers, and security officials were killed in Marikana, outside Rustenburg – on... 

Numsa rejects Eskom disciplinary action proposal against striking workers

16th August 2018 The National Union of Metalworkers South Africa has rejected Eskom's proposal to institute disciplinary action against workers who participated in industrial action during protracted wage negotiations, on the grounds that the power utility is an essential service.  On Wednesday Eskom declared a... 

Transnet signals intention to suspend CEO Gama

16th August 2018 The Transnet board has served notice on CEO Siyabonga Gama and two other top senior officials that it intends to place them on precautionary suspension. Chief procurement officer Thamsanqa Jiyana and supply chain manager Lindiwe Mdletshe also received letters on Wednesday. 

South African black property owners want certainty over land reform policy

15th August 2018 South Africa's black practitioners in the property development sector do not have any qualms about an amendment of the Constitution to expropriate land without compensation, but they want certainty over the policy and decisive action if it is to be implemented.  Nkuli Bogopa, president of the... 

We made significant progress in Marikana, says Lonmin

15th August 2018 Platinum producer Lonmin has made significant progress in delivering on its commitment to the Marikana community, the company said on Wednesday. "Housing has been a key focus of the company’s social and labour plans, with modern housing developments being built for many of its employees," said... 

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