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African News Agency

SA Revenue Services welcomes Mark Kingon's appointment as acting commissioner

22nd March 2018 The South African Revenue Service (Sars) on Tuesday, welcomed the appointment of Mark Kingon as acting Commissioner with immediate effect. "Sars has full confidence in the abilities of Mr Kingon to manage this new additional role as we continue with our absolutely important mandate of collecting... 

SA President Ramaphosa punts single African currency at crucial AU Summit

22nd March 2018 South African President Cyril Ramaphosa on Tuesday strongly punted the idea of creating a single homogeneous currency for African countries in a bid to attract infrastructure investment and enable ease of intra-African trade. Speaking as a panelist on financing intra-Africa trade at the African... 

Ramaphosa says SA needs consultation before signing the African free-trade deal

22nd March 2018 South African President Cyril Ramaphosa on Wednesday said that his government needed more time to consult relevant stakeholders about the continental free trade area treaty before signing it. Ramaphosa did not sign the crucial agreement at the African Union (AU) Extraordinary Summit in Rwanda's... 

AU ready to sign continental trade treaty without Nigeria

20th March 2018 African Union (AU) chairperson Paul Kagame on Tuesday gave a strong indication yet that member states will sign the treaty to create the continental free trade area even if the continent's most-populated country, Nigeria, withdraws from the meeting. At least 53 African Heads of States have... 

Parliament's finance committee welcomes suspension of Sars boss

20th March 2018 Parliament's standing committee on finance on Tuesday welcomed the suspension of South African Revenue Service (Sars) commissioner Tom Moyane, saying a disciplinary inquiry against him should be "fair, swift and decisive". "The committee feels strongly that in view of the role Sars plays, it is... 

SARB's Naidoo: We warned VBS on its reliance of huge depositors

20th March 2018 In his presentation to the Standing Committee on Finance, South African Reserve Bank (SARB) registrar Kuben Naidoo raised concerns including deficient compliance culture, weak asset and liability management, potentially illegal municipal depositions and poor quality in regulatory reports. The... 

President Ramaphosa suspends SA tax boss Moyane

20th March 2018 South African Revenue Service (Sars) Commissioner Tom Moyane was suspended on Monday, with immediate effect, the Presidency said. "President Cyril Ramaphosa has today [Monday] informed... Moyane of his suspension with immediate effect pending the institution of disciplinary proceedings. President... 

Eskom to cut electricity supply to Free State municipality

16th March 2018 Power utility Eskom said on Friday it was left with no choice but to intermittently cut electricity supply to Free State's Tokologo Municipality after debt repayment negotiations failed. ''After allowing the municipality a grace period to meet Eskom’s terms to settle its outstanding debt of R36... 

Africa's first pharmacy ATM to cut Gauteng hospital queues

15th March 2018 Regular visits to public hospitals and clinics in Gauteng are dreaded by many, principally because of the typical queues and the long hours one has to sacrifice just to get one's hands on life-saving chronic medication. In the sprawling Alexandra township, north-east of Johannesburg, patients on... 

Cape Town increases use of treated effluent water to boost water security

15th March 2018 The City of Cape Town on Thursday said the use of treated effluent water would increase water security in the city as approval had now been given for the supply of up to 10-million litres of treated effluent to various businesses from collection points across the city. According to the City,... 

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