R/€ = 14.88 Change: 0.00
R/$ = 12.10 Change: 0.00
Au 1335.58 $/oz Change: -5.52
Pt 927.50 $/oz Change: -4.49


Gupta-owned mines' rehabilitation fund case postponed

20th April 2018 An urgent court application by the Gupta-owned Optimum and Koornfontein coal mines to reclaim rehabilitation funds worth over R1.7-billion, has been postponed. The money was seized by the National Prosecuting Authority's (NPA) Asset Forfeiture Unit. Trustees of the rehabilitation funds controlled... 

Metrorail delays hit Cape Town commuters, as bus strike continues

20th April 2018 Commuters in Cape Town already in the midst of a bus strike have to contend with a near breakdown of train services, after Metrorail announced massive delays across its network on Friday morning. The company said there were delays of more than 60 minutes on all lines heading into Cape Town, due... 

BLSA throws weight behind Ramaphosa's R1.2trn investment drive

19th April 2018 President Cyril Ramaphosa’s initiative to raise R1-trillion in new investments over five years could add 4 percentage points to the country’s foreign direct investment, Business Leadership South Africa (BLSA) said Thursday, as it welcomed the plan. "If we achieve these figures, I believe we can... 

Ramaphosa says he'll use his private sector experience to grow SA economy

19th April 2018 President Cyril Ramaphosa will approach the task of rebuilding South Africa's image as an attractive investment destination “with a private-sector lens”, he said in an interview with the Financial Times on Wednesday.  The president is in the UK where he is leading South Africa’s delegation to the... 

AfriForum to privately prosecute Julius Malema

19th April 2018 Lobby group AfriForum announced on Thursday that it intended to privately prosecute Economic Freedom Fighters (EFF) leader Julius Malema on charges of fraud and corruption. The announcement was made in Centurion on Thursday morning by AfriForum's private prosecution head, the so-called "Pit Bull"... 

Ramaphosa's plan to attract R1.2tr in investment marks potential new dawn

18th April 2018 President Cyril Ramaphosa’s plan to raise over R1-trillion in new foreign investment has been hailed by economists as the beginning of a “new dawn” for South Africa after years of low growth and policy uncertainty. On Monday, Ramaphosa announced that South Africa will later this year host a major... 

Ramaphosa scores R857m UK funding from Prime Minister May

18th April 2018 President Cyril Ramaphosa and British Prime Minister Theresa May agreed on a deal worth millions to help South Africa improve its business environment. Ramaphosa is in the UK on a working visit to London to attend the Commonwealth Heads of Government Meeting, which will take place on Thursday and... 

Government cancels auditing contracts with KPMG and Nkonki Inc

17th April 2018 The Auditor General, Kimi Makwetu, on Tuesday announced his office’s decision to terminate, with immediate effect, the auditing contracts with KPMG and Nkonki Inc with the government.  The two beleaguered companies had been doing public sector audits on behalf of the Auditor General of South... 

IMF makes positive about-turn on SA growth outlook after January slash

17th April 2018 The International Monetary Fund (IMF) is upbeat about South Africa's Gross Domestic Product (GDP) growth in 2018, raising its forecast to 1.5% after cutting its prediction to 0.9% in January. The international lender released its World Economic Outlook report in Washington DC on Tuesday, ahead of... 

Those who can afford to pay for toll roads, must pay – Nzimande

17th April 2018 The funding of road infrastructure development for the next 15 to 20 years worries Transport Minister Blade Nzimande, the portfolio committee on transport heard. The Department of Transport (DoT) on Tuesday briefed Parliament’s committee on the annual performance plan for the 2018/19 financial... 

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