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African News Agency

NUM to march against AngloGold Ashanti’s planned retrenchments

4th August 2017 The National Union of Mineworkers (NUM) is set to embark on a protest march to AngloGold Ashanti’s head office in downtown Johannesburg on Saturday. NUM spokesperson, Livhuwani Mammburu, said the march was against the company’s decision to issue a Section 189 process notice to retrench 8,500... 

Land Bank hikes FY17 profits to R372m

3rd August 2017 The Land and Agricultural Development Bank on Thursday, released a strong set of results for the financial year ending March 31, 2017, as the group and bank generated a profit of R372.2-million and R316.3-million respectively, compared to R181.9-million and R94-million in 2016. The bank said this... 

Cutting number of SA provinces is against the law – Free Market Foundation

3rd August 2017 The Free Market Foundation (FMF) on Thursday warned that any attempt to reduce the number of provinces from nine to six, as suggested by the African National Congress (ANC), would be against the law and an affront to democracy. The ANC first mooted the reduction of the number of provinces in... 

Stuttaford Van Lines charged for collusive tendering in government furniture transportation

3rd August 2017 Furniture removal company, Stuttaford Van Lines, on Wednesday was charged with 649 counts of collusive tendering relating to hundreds of government tenders issued for furniture transportation.  The Competition Commission, which charged Stuttaford, said this included tenders issued by the... 

Damaged overhead wires delay Johannesburg trains – Metrorail

3rd August 2017 Metrorail said on Thursday that commuter train services operating in Johannesburg were experiencing delays of up one hour in the morning following infrastructural challenges. The commuter train operator said Train 0841 had damaged overhead wires at Jeppe Station, which resulted in fibre break... 

Albany launches R350m revamped Bellville bakery

2nd August 2017 Albany Bakeries on Wednesday launched a R350-million investment into a new bakery in Bellville in the Western Cape, which includes the building of a brand-new plant and an upgrade of interiors of the existing plant. The new building occupies 6 884 m2, compared to an area of 3 766 m2 in the old... 

Minister lauds court ruling invalidating two PRASA contracts worth millions of rand

2nd August 2017 Transport Minister Joe Maswanganyi on Wednesday said he “welcomes” the Pretoria High Court judgment ruling two contracts entered into by Passenger Rail Agency of South Africa (PRASA) with Fenton Gastin, its CFO, were invalid. The first contract that was found to be invalid was the one entered... 

Brown sacks personal assistant over Gupta links

2nd August 2017 Public Enterprises Minister Lynne Brown on Wednesday asked her personal assistant Kim Davids to resign after details of her ties to the controversial Gupta family emerged. ”This past week I have been confronted by allegations against Ms Davids. In the interest of fairness, I asked Ms Davids to... 

Reserve Bank governor warns of deeper recession

1st August 2017 South African Reserve Bank governor Lesetja Kganyago warned on Tuesday that the country’s economic recession could deepen unless there was policy certainty on mining and agriculture, the two sectors that contributed to growth in the first quarter. “At the moment these two sectors are facing... 

Marikana lawyers, government mull compensation

1st August 2017 Discussions to compensate Marikana mineworkers are continuing with the State, their lawyer said on Monday. “We are busy in discussions with the State in relation to quantifying our claims. The State has conceded that they are going to make [the] payments, all we need to do is to differentiate the... 

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