R/€ = 13.87 Change: 0.03
R/$ = 13.04 Change: -0.02
Au 1234.96 $/oz Change: -3.55
Pt 1002.00 $/oz Change: 0.00


SANDF members died trying to help 'screaming' contract workers

17th February 2017 The three South African Defence Force members who died in a "freak accident" at the army’s naval base in Durban, were trying to rescue three contract workers screaming for help at the bottom of a sewage pit after a gas leak, says the SANDF. The SANDF's Brigadier-General Mafi Mgobozi said contract... 

Court rules in favour of Comair in SAA case

15th February 2017 Comair advised shareholders on Wednesday that the South Gauteng High Court has ruled in its favour in a case Comair initiated against South African Airways (SAA) 14 years ago in respect of the national carrier's anti-competitive travel agent incentive schemes. According to Comair the scheme was... 

Sanral, City of Cape Town to co-operate after tolls judgment

13th February 2017 The City of Cape Town and Sanral on Sunday affirmed their willingness to work together after the roads agency lost a court appeal over tolls for the N1 and N2 highways. "The City is willing to partner with Sanral and provide some of the funding for the necessary projects," said Cape Town mayor... 

Zokwana, FAO to visit farms hit by fall armyworm

13th February 2017 Agriculture Minister Senzeni Zokwana will visit farms in Limpopo with the UN's Food and Agriculture Organisation (FAO) on Monday in an effort to bring the fall armyworm plague under control. The pest, which causes massive crop loss, has been nibbling through South African crops as producers try... 

Ramaphosa concedes R20/h is not a living wage

8th February 2017 Deputy President Cyril Ramaphosa said the R20 an hour minimum wage agreement is not a living wage. Addressing media at Parliament on Wednesday, Ramaphosa said the agreement was a starting point to lift 6.6-million workers who are earning below R3 500 a month out of poverty and inequality.... 

Zuma pushing SA to crisis point – FW de Klerk

2nd February 2017 President Jacob Zuma is determined to accelerate South Africa's descent to an economic and racial crisis, FW de Klerk, the country's last apartheid head of state, said on Thursday. “President Zuma is determined to accelerate our descent along the road to state capture, economic crisis and racial... 

Study confirms existence of 'lost continent' under Indian Ocean

1st February 2017 A study headed up by a Wits University geologist has confirmed the existence of a "lost continent" under the island of Mauritius. Professor Lewis Ashwal is the lead author of the paper: Archaean zircons in Miocene oceanic hotspot rocks establish ancient continental crust beneath Mauritius . 

Joburg council hopes to reintegrate electricity, waste, water entities – Mashaba

30th January 2017 City Power, Joburg Water and Pikitup are one step closer to falling under the operational control of the Johannesburg municipality, Mayor Herman Mashaba said on Sunday. "On Thursday, Johannesburg City Council approved a report proposing the initiation of a process to reintegrate municipal-owned... 

Cape Town draws battle lines over right to buy alternative energy from IPPs

27th January 2017 The City of Cape Town plans to take Energy Minister Tina Joemat-Pettersson to court for the right to buy power directly from alternative energy suppliers, instead of Eskom. The city wanted to get 20% of its energy from renewable resources by 2020, but needed the minister to sign off on an... 

Rand could strengthen to best levels since late 2015

26th January 2017 The rand is continuing its strong showing after breaking through a significant level of R13.30/$ on Wednesday on the back of a bigger risk appetite for emerging market currencies and a strengthening of the euro. “There is now a possibility that the rand could break through the R13.20/$ and... 

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