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African News Agency

Cost of vandalism, theft of infrastructure surpasses R300m – Johannesburg mayor

28th November 2018 The cost of vandalism in the city of Johannesburg and theft of City Power infrastructure has now surpassed R300-million and continues to rise, mayor Herman Mashaba said on Wednesday. Mashaba said council members had, during a meeting of the Visible Service Delivery committee, cited this as the... 

SA still top FDI destination in Africa, but 2017 shows a decline – Brand SA

27th November 2018 A recent Ernst & Young (EY) survey shows South Africa has retained its position as the top foreign direct investment  destination in Africa, but Morocco has caught up with it, the country's promotion agency said on Tuesday. The 2018 EY Africa Attractiveness Survey report shows that during 2017,... 

African countries urged to sign Luxembourg Protocol at Zimbabwe PIDA meeting

27th November 2018 African countries have been urged to sign the Luxembourg Protocol by Soteri Gatera, the chief of industrialisation and infrastructure at the Economic Commission for Africa (ECA). Gatera made the call during his presentation titled, ‘The Luxembourg Rail Protocol: Railway Rolling Stock Financing –... 

DMR initiates ground stability study in areas affected by illegal mining in Joburg

26th November 2018 The Department of Mineral Resources (DMR) said on Monday that it has initiated a ground stability study in the Johannesburg area with immediate effect. In a statement, the DMR said the study, which will commence shortly through the Council for Geoscience (CGS), aims to assess whether there is any... 

City of Cape Town beach tidal pools receive multimillion-rand upgrades

26th November 2018 Multimillion-rand upgrades to the Glencairn and Soetwater tidal pools in the South Peninsula have just been completed in time for the summer season and the annual influx of more than a million visitors to Cape Town beaches, the city said on Sunday. "Our tidal pools are popular spots as these... 

Sibanye says more workers report for duty

26th November 2018 Sibanye-Stillwater said on Monday that attendance at its operations has improved relative to last week, but remains low, as a result of the ongoing strike action by the Association of Mineworkers and Construction Union (AMCU) at its South African gold operations. "The situation remained... 

MPs pledge to work with new Home Affairs minister to solve department's problems

23rd November 2018 New Home Affairs Minister Siyabonga Cwele has some tough challenges ahead of him, Parliament's oversight committee said on Friday. In a statement, the home affairs portfolio committee welcomed Cwele's appointment and said MPs were eager to work with him to solve the problems bedevilling the home... 

African energy group commends South Sudan for progress in oil sector

23rd November 2018 The African Energy Chamber, a group that works with indigenous firms throughout the continent in optimising their networks, said it is encouraged by the progress made in South Sudan’s oil sector after the peace deal was signed. “The success of the South Sudan Oil & Power 2018 conference, which... 

Repo rate hike will be hard-felt by consumers – financial service firm

23rd November 2018 The decision by the South African Reserve Bank to raise the repo rate will be hard-felt by consumers, most of whom are already struggling to make ends meet, a financial service provider said on Friday. South Africa's central bank on Thursday raised the benchmark repo rate by 25 basis points from... 

SA central bank raises benchmark repo rate to 6.75%

22nd November 2018 South Africa's central bank on Thursday raised the benchmark repo rate by 25 basis points to 6.75% despite weak economic growth, saying delaying the adjustment could cause inflation expectations to become entrenched at higher levels. "The Committee continues to assess the stance of monetary... 

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