R/€ = 15.65 Change: -0.02
R/$ = 13.77 Change: -0.04
Au 1283.24 $/oz Change: -10.62
Pt 798.02 $/oz Change: -5.84


Leaked Eskom report implicating Brown, Gigaba is 'scandalous, embarrassing' – chair

5th November 2018 The leaking of the Eskom draft preliminary inquiry report which has reportedly implicated former minister Lynne Brown and Malusi Gigaba is "scandalous and embarrassing", chairperson of the Public Enterprises Portfolio Committee Zukiswa Rantho has said. Rantho spoke to Fin24 by phone on Monday... 

Nugent Commission will reveal if Sars misrepresented revenue collection – Treasury

2nd November 2018 Treasury cannot say if the South African Revenue Service (Sars) had intentionally withheld VAT refunds in an effort to misrepresent revenue collections, members of Parliament heard. Treasury officials on Friday responded to public comments made on the mini budget to the Standing Committees on... 

March against e-tolls to kick off in Pretoria

2nd November 2018 It is expected to be a busy Friday morning in Pretoria as the Organisation Undoing Tax Abuse (Outa), the Congress of South African Trade Unions (Cosatu) and other civil organisations march against e-tolls. The march is expected to start at 09:00 and proceed from Burgers Park to the Union... 

Sell SAA, it won't fly – economist

31st October 2018 South African Airways (SAA) is a "vanity project" that the economy cannot afford and it should be sold, members of Parliament (MPs) have heard. The standing and select committees on finance on Wednesday heard submissions from the public on the mini budget. The mismanagement of loss-making... 

Fuel price outlook: 'Petrol price down, but diesel goes up for November' – AA

31st October 2018 Fuel prices have moderated during October, with the prospect of some relief for petrol users, although users of diesel will have to cough up more, this is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund.... 

'I was there when Cabinet approved nuclear programme' – Ramaphosa

30th October 2018 President Cyril Ramaphosa has said he was in the Cabinet meeting where the decision was taken to issue a request for proposals for the nuclear build programme in 2015. This is according to a written reply from the president in response to a question from Democratic Alliance MP David Maynier – who... 

City of Cape Town poised to ease water restrictions further

30th October 2018 The City of Cape Town believes dam levels are high enough for water restrictions to be relaxed even further – possibly to level 4 or even level 3. But the City cannot take steps to ease restrictions until the national Department of Water and Sanitation decides how much bulk water supply Cape Town... 

DA to tackle Eskom's 'monopoly' via new bill

29th October 2018 Introducing competition in the energy sector will keep electricity prices down, according to the Democratic Alliance (DA). DA leader Mmusi Maimane on Monday announced plans at a briefing to address "Eskom's monopoly" in the energy sector, through the introduction of a private member's bill known... 

Cosatu plans march to Union Buildings to protest against e-tolls

29th October 2018 The Congress of South Africa Trade Unions (Cosatu) in Gauteng is expected to march to the Union Buildings in Pretoria on Friday to protest against e-tolling. "We will march to the office of the president to bring an end to the e-tolling system," provincial secretary Dumisani Dakile said. He said... 

Investment Conference: Hundreds of billions of rands already pledged

26th October 2018 Several companies made major investment announcements during President Cyril Ramaphosa's Investment Conference, which called to rally investors to plough money into the country’s ailing economy. These include Sappi (R7.7-billion), Mondi SA (R8-billion), Rain (R1-billion), Mara (R1.5-billion),... 


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