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'We have excess power and no money' – Ramaphosa on nuclear plan

25th January 2018 South Africa's Deputy President Cyril Ramaphosa on Thursday reiterated that a proposed nuclear build programme will only be considered in the broad context of affordability, but warned "we have excess power and we have no money". Ramaphosa, who was asked at a press conference at the World... 

Ramaphosa says State capture probe will go to the 'depths' of corruption

25th January 2018 South Africa Deputy President Cyril Ramaphosa on Thursday described the pending commission of inquiry into State capture as a "huge plus", as "we are now going to go to the depths of what corruption has been taking place in our State-owned enterprises". Ramaphosa was speaking during a press... 

Brian Molefe a content man just wanting to serve the nation

25th January 2018 Former Eskom CEO Brian Molefe is a content man who just wants to serve the nation, his lawyer Barry Farber said on Thursday, speaking after the damning judgment delivered by the High Court in Pretoria. Journalists asked Farber whether his client was prepared to walk away from the Eskom wrangle,... 

Brian Molefe wasn't entitled to R30 million Eskom payout – High Court

25th January 2018 The High Court in Pretoria on Thursday, ruled that embattled former Eskom chief executive officer (CEO) Brian Molefe was not entitled to any pension benefits from the State-owned power utility, and must pay back the money he has since received. "We came to the conclusion that the reinstatement of... 

Cape Town held up as example of climate change disaster at WEF

25th January 2018 Cape Town and its desperate battle to avoid running out of water is a climate change disaster, the World Economic Forum (WEF) in Davos, Switzerland, has heard. At a WEF session on environmental risks, experts urged the world to move faster on climate change to avoid disaster, as extreme weather... 

Ramaphosa to engage British PM and other world leaders at WEF

25th January 2018 South Africa's Deputy President Cyril Ramaphosa will hold bilateral meetings with a range of world leaders, including British Prime Minister Theresa May and Danish Prime Minister Lars Løkke Rasmussen, at the World Economic Forum on Thursday, as the country continues its drive to assure partner... 

Sea Harvest says makes progress in talks to buy Viking Fishing

25th January 2018 Seafood company Sea Harvest said on Thursday it had made progress in negotiations to acquire the entire fishing business of Viking Fishing Holdings and a 51% stake in the issued share capital of Viking Aquaculture. "An announcement providing further details will be made as soon as practicably... 

China's Belt and Road initiative the future of global collaboration

25th January 2018 China's Belt and Road Initiative (BRI) which seeks to build structural linkages and cooperation between countries has been held up as a model of global collaboration. Initially set up as a framework for cooperation between Eurasian countries, the BRI is being hailed as being perfectly in sync... 

WEF launches global centre to combat threat of cybersecurity

24th January 2018 The World Economic Forum (WEF) on Wednesday announced a new Global Centre for Cyber-security to try and help build a safe and secure global cyberspace and to minimise the threat of a "digital dark age". In a statement, the WEF said the centre will be based in Geneva, Switzerland, and will... 

Rand breaches 12.00 mark against dollar, at strongest since 2015

24th January 2018 The rand strengthened against the dollar on Wednesday, breaching the 12.00 level for the first time since 2015 as the market remains euphoric after deputy president Cyril Ramaphosa's election in December to lead the ruling ANC party. By around 1150 am the rand was trading at 11.95 against the US... 

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