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African News Agency

Interest rates likely to stay unchanged as economy struggles

20th September 2018 South Africa's central bank is likely to keep interest rates unchanged on Thursday despite inflationary pressures stemming largely from a weaker rand, hamstrung mostly by concerns over the ailing economy. The economy slipped into a recession after gross domestic product contracted by 0.7 percent... 

Ramaphosa salutes defence industry for economic input, jobs

19th September 2018 President Cyril Ramaphosa on Wednesday paid tribute to South Africa's massive defence industry for creating much needed jobs and bringing in foreign currency. "For both security and developmental reasons, South Africa is looking after its defence industry, which is not only viewed as a department... 

Pretoria high court dismisses Transnet director's challenge to dismissal

19th September 2018 The Pretoria High court on Tuesday dismissed former Transnet director Seth Radebe's challenge to have his removal by Public Enterprises Minister Pravin Gordhan set aside. Gordhan said in a statement he welcomed the ruling, adding that Rabebe's approach to the court had been "vexacious". 

Cable theft puts brakes on Pretoria-Joburg Metrorail trains

19th September 2018 Metrorail said on Wednesday that its train service running between Pretoria and Johannesburg was disrupted due to overhead catenary wires being cut and stolen at Irene from both the up and down lines.  Goodman Matampi, acting provincial manager of Gauteng Metrorail, said trains to and from... 

Comair hikes FY18 earnings despite soaring fuel costs

18th September 2018 South African aviation group Comair Limited on Tuesday announced record earnings with a R326 million profit after tax for the year ended 30 June 2018, which was up R29-million to the prior year, despite dismal trading conditions. Comair said that difficult trading conditions included poor GDP... 

Calls mount for Eskom board to take the fall for coal shortages

17th September 2018 The Energy Expert Coalition said on Monday that the Eskom board should take accountability after news surfaced that the power utility was facing yet another disastrous coal shortage. Eskom confirmed that there were currently eight power stations with less than 20 days of coal stockpiles, or nine... 

Mapisa-Nqakula explores defence ties with Congo-Brazzaville minister

17th September 2018 Defence Minister Nosiviwe Mapisa-Nqakula on Monday had a meeting with her Congo-Brazzaville counterpart, Charles Richard Mondjo, who is in Pretoria ahead of the 2018 edition of the Africa Aerospace and Defence [AAD] exhibition which kicks off later this week. "This reciprocal visit, that was... 

Zwane issued ultimatum to bank on closing Gupta accounts, inquiry hears

17th September 2018 In trying to force Standard Bank to reverse its decision to close Gupta-linked business accounts, former mineral resources minister Mosebenzi Zwane reminded the bank executives that the South African government was in charge of issuing banking licenses and could change banking laws anytime.... 

SA delegation arrives in Japan for investment mission

17th September 2018 A South African delegation arrived in Tokyo, Japan on Monday for an investment mission which is set to take place until Saturday. The delegation, led by the acting head of Invest South Africa, Yunus Hoosen will be meeting with leading companies in an effort to attract them to invest and expand... 

City of Cape Town announces improving dam levels

17th September 2018 The City of Cape Town on Monday announced that dam levels feeding the city had improved to 70 percent of storage capacity over the past week. The announcement came as Cape Town and surrounding areas experienced further heavy rainfall overnight Sunday and into Monday, with further rainfall... 


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