R/€ = 15.99 Change: 0.10
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Au 1221.51 $/oz Change: 6.02
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Malusi Gigaba named in bombshell Treasury report on rot at Eskom, Transnet

16th November 2018 National Treasury has released a bombshell report of more than 600 pages detailing the extent of rot at Transnet and Eskom over the last six years – and says Malusi Gigaba compromised the procurement process of controversial new Chinese locomotives. The report, compiled after a forensic... 

‘Massive’ fuel price drop on the cards for December – AA

15th November 2018 The Automobile Association (AA) announced on Thursday that, based on current data, motorists could expect ‘massive drops’ in the prices of petrol and diesel for December.  The association is predicting a drop of R1.54 per litre for petrol, with diesel dropping by 92 cents and illuminating... 

Malusi Gigaba resigns as MP

15th November 2018 Malusi Gigaba has resigned as a Member of Parliament, saying it was his honour and privilege to serve as a MP for the African National Congress (ANC). The Office of the Speaker and ANC Chief Whip Jackson Mthembu confirmed Gigaba's resignation on Thursday, effective from Tuesday, November 13. "It... 

Municipalities' unpaid water bills increase to a whopping R13.1bn

15th November 2018 Municipalities that do not pay their water bills have run up a whopping R13.1bn debt – an amount just R2bn short of the entire annual budget of the Department of Water and Sanitation. The department told the Portfolio Committee on Water and Sanitation on Wednesday that despite interventions since... 

Nzimande in, Gigaba out, but home affairs questions get bumped in the House

15th November 2018 Acting Minister of Home Affairs Blade Nzimande may have been present during the oral question session in Parliament on Wednesday, but answers to key questions in this portfolio were not. Former Home Affairs Minister Malusi Gigaba, now an ordinary MP, was also absent. Gigaba resigned this week... 

Land issue is a festering sore – Ramaphosa

14th November 2018 Whenever President Cyril Ramaphosa travels abroad and hosts a media conference, he now inevitably faces questions around land reform without expropriation. His stock answer? That without comprehensive land reform, South Africa's hard-won stability may come undone. While Wednesday was no... 

Court papers show Transnet executives 'colluded fraudulently'

13th November 2018 Court papers filed by Transnet to recover R189-million in inflated payments from Gupta-linked Regiments Capital have revealed collusion by senior executives of the State-owned firm, in allowing the transaction. Former Transnet CEO Siyabonga Gama, ex-chief financial officer Anoj Singh, Robert... 

City of Cape Town to harness stormwater to boost water resources

13th November 2018 Stormwater is set to become a new water resource, the City of Cape Town has said. Instead of rushing down gutters and into the sea, stormwater will be kept and used. Just how it will be incorporated into the water system, or how much of it will be captured, is still in the planning stages. But... 

'It actually shocked me' that Zuma wanted Gama as Transnet CEO – Hogan

12th November 2018 Former public enterprises minister Barbara Hogan told the judicial commission of inquiry into allegations of State capture on Monday that former president Jacob Zuma wanted Siyabonga Gama as the Group CEO of Transnet, despite him facing allegations of misconduct. "It actually shocked me," Hogan... 

Court sets aside decision allowing coal mine in Mabola Protected Environment

9th November 2018 The North Gauteng High Court in Pretoria has set aside a 2016 decision allowing a new coal mine to be developed in the Mabola Protected Environment near Wakkerstroom, Mpumalanga. The decision had been made by of former mineral resources minister Mosebenzi Zwane and late environmental affairs... 

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