R/€ = 14.20 Change: 0.00
R/$ = 11.57 Change: -0.02
Au 1328.95 $/oz Change: -0.15
Pt 997.00 $/oz Change: 1.20


More Gupta-owned companies apply for business rescue

23rd February 2018 More Gupta-linked companies have filed for business rescue, company documents show. This comes shortly after the family's Optimum mines filed for business rescue earlier this month. This leaves their creditors holding a particularly busy bag of cats. 

Public Protector finds Brown 'inadvertently' misled Parliament about Eskom-Trillian

23rd February 2018 The Public Protector has found that Public Enterprises Minister Lynne Brown misled the National Assembly when she denied there were engagements between power utility Eskom and the Gupta-linked company Trillian Capital Partners. This is according to a report issued by the Public Protector Busisiwe... 

Ramaphosa must fire Brown 'immediately' – DA

23rd February 2018 The Democratic Alliance (DA) on Thursday said it was vindicated by the Public Protector's finding that Public Enterprises Minister Lynne Brown was guilty of misleading Parliament after she failed to disclose business dealings between Gupta-linked Trillian and Eskom. Natasha Mazzone, DA public... 

Families of slain Marikana miners call on Ramaphosa to turn his promises into action

22nd February 2018 Following President Cyril Ramaphosa’s promise of atonement for the Marikana massacre, 36 families of the striking miners who were killed have said that reparations should include a formal apology from the police minister and criminal charges against the police officers involved. During... 

Koko says he is 'moving on', despite Eskom court victory

22nd February 2018 The Labour Court on Wednesday ruled in favour of controversial former Eskom executive Matshela Koko, but he said it was too little too late and that he has already moved on. Judge Graham Moshoana ruled that Eskom’s attempt to fire Koko, based on a directive from then Deputy President Cyril... 

Striking Gupta mineworkers demand answers about their future

22nd February 2018 Striking mineworkers at Gupta-owned Optimum Coal Mine have demanded to know the "truth of the sale" of the mine. Workers downed tools on Wednesday morning, saying there was uncertainty over their jobs and the future of the mine. 

Inside Metrorail’s cable theft and commuter crisis

22nd February 2018 Brazen thieves, who have effectively brought a critical rail route in Cape Town to a standstill for nearly six weeks, leaving thousands of commuters in the lurch, have become the focus of intense and unprecedented operations to squeeze out criminals who target beleaguered Metrorail's... 

South Africa retains dubious corruption rating

22nd February 2018 Corruption Watch has expressed concern over South Africa dropping down the rankings of the latest Corruption Perceptions Index (CPI) released by Transparency International. Corruption Watch's Phemelo Khaas said South Africa's score dropped from 45 in 2017 to 43 this year, and although it seems "a... 

Ramaphosa's plan for SOEs

20th February 2018 President Cyril Ramaphosa has revealed more details of how he plans to fix State-owned enterprises (SOEs), and he will be considering proposals by Members of Parliament (MPs). He was addressing the National Assembly on Tuesday, in a reply to the debate on the State of the Nation Address (Sona). 

Gordhan, Jonas said to be part of Ramaphosa's new Cabinet plan

20th February 2018 Former ministers banished to the political wilderness under Jacob Zuma’s presidency are set to make a comeback as President Cyril Ramaphosa prepares to revive the stagnant economy. The African National Congress’s (ANC's) top-six officials, including President Cyril Ramaphosa, will meet on Friday... 

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