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Ramaphosa says independence of the Reserve Bank is 'sacrosanct'

16th January 2019 President Cyril Ramaphosa says there are no plans to interfere with the independence of the South African Reserve Bank, in an apparent climb down from what is contained in the African National Congress's (ANC's) election manifesto.  The ANC last week included a review of the Reserve Bank's... 

Bethal water crisis: Rand Water curbs supplies over outstanding municipal debt

16th January 2019 Fed-up Bethal residents, who have had little or no water over the last 25 days, have launched a silent protest to draw attention to their plight. But it didn't quite go according to plan. "The original plan was to get as many residents as possible to gather at the Bethal Dam and then have one... 

AA predicts another fuel price drop for February

15th January 2019 The Automobile Association (AA) said on Tuesday that the fuel price would likely fall in February, based on unaudited mid-month fuel price data released by the Central Energy Fund. The AA said the projected drop in the price of petrol, diesel and illuminating paraffin was due to international oil... 

'Find it in your heart, Eskom' – public's pleas on 'unbearable' tariff hikes

15th January 2019 Granting power utility Eskom the 15% annual tariff hike it has asked for will only add pressure to already struggling households, the National Energy Regulator of South Africa (Nersa) heard on the second day of public hearings.  The energy regulator, which sets prices and tariffs for Eskom,... 

SANDF warrant officer nabbed in alleged cash-for-jobs scam

15th January 2019 A warrant officer in the South African National Defence Force (SANDF) is expected to appear in the Thaba Tshwane military court on Tuesday following his arrest for alleged involvement in a cash-for-jobs scam. The man was arrested on Friday after an investigation by the military police and defence... 

We must apologise to South Africans for 'avoidable' challenges – Eskom CEO

14th January 2019 Eskom's 15% tariff increase for the next three years may seem steep, but Eskom has run into challenges which it cannot solve alone, CEO Phakamani Hadebe said. The executive made opening remarks at the National Energy Regulator of South Africa's (Nersa) nationwide public hearings, which kicked off... 

Ramaphosa calls on private sector to assist with fighting corruption

11th January 2019 Corruption has become a big issue that has to be addressed by the whole nation, President Cyril Ramaphosa said on Thursday. Ramaphosa told business leaders at a meeting in the Pietermaritzburg City Hall, that a number of issues, especially corruption, were hampering economic development in the... 

SACCI business confidence dips in December

10th January 2019 The SA Chamber of Commerce and Industry’s (SACCI's) Business Confidence Index (BCI) fell marginally in December 2018, signalling "little real progress in economic performance”. The BCI index came in at 95.2 index points for December 2018, a decrease of 0.9 index points month-on-month. 

Second member resigns from Ramaphosa's Eskom task team

10th January 2019 A second member of President Cyril Ramaphosa's task team on Eskom has stepped down, the Presidency spokesperson Khusela Diko confirmed to Fin24. Diko told Fin24 on Thursday via Whatsapp that Sy Gourrah of Actom had asked to leave the task team in December. 

We will focus on improving school infrastructure in 2019 – Motshekga

10th January 2019 Basic Education Minister Angie Motshekga says one of her department's priority areas this year will be improving the infrastructure of high schools. The minister was in KwaZulu-Natal for the start of the 2019 school year. Speaking to the SABC at Wembezi Secondary School in Estcourt on Wednesday... 

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