R/€ = 16.03 Change: -0.02
R/$ = 13.60 Change: -0.03
Au 1275.08 $/oz Change: 28.43
Pt 926.50 $/oz Change: 36.50


Steinhoff continues trade, appoints subcommittee

11th December 2017 Disgraced retail international holding company Steinhoff has established a board subcommittee to bolster independent governance following the resignation of CEO Markus Jooste over accounting irregularities which are being investigated. In a note to shareholders issued on Monday morning, the group... 

Metrorail suspends all train services on Cape Town central line

11th December 2017 Metrorail Western Cape announced its decision on Monday to suspend all trains running on the central line, which services areas such as Khayelitsha, Philippi, Mitchells Plain, Bishop Lavis and Langa, until further notice. "Stations will be closed and no tickets will be on sale until further... 

Gift of the Givers to unveil aquifer project in drought-stricken Beaufort West

11th December 2017 The Gift of the Givers is expected to unveil its Beaufort West Witperd aquifer development project in the drought-stricken town on Monday afternoon. Last month, the Western Cape government denied that the town of about 37 000 residents had reached "Day Zero" with water supply. 

Ramaphosa must appoint new NPA head as court rules Abrahams must vacate office

8th December 2017 Deputy President Cyril Ramaphosa has two months to appoint a new head of the National Prosecuting Authority (NPA) after the High Court in Pretoria declared the post vacant. In an unexpected turn, Judge Dunstan Mlambo has ruled that Advocate Shaun Abrahams, the National Director of Public... 

NPA boss Shaun Abrahams must vacate his job, judge rules

8th December 2017 The High Court in Pretoria has ruled that Advocate Shaun Abrahams, the national director of public prosecutions (NDPP), must vacate his seat. Judge Dunstan Mlambo further ruled it would not be just for the former prosecutions boss Mxolisi Nxasana to be reinstated and that due to his pending... 

Brown to reveal new Eskom board late on Friday

8th December 2017 Public Enterprises Minister Lynne Brown will reveal Eskom's new board on Friday. Brown's spokesperson Colin Cruywagen said that the long-awaited announcement would be made by end of business on Friday. 

Sarb’s attack could cost Mkhwebane her job, PP counsel argues

6th December 2017 The South African Reserve Bank’s (Sarb) personal attack on Public Protector Busisiwe Mkhwebane’s integrity could cost Mkhwebane her job, a court has heard. During the Bankorp-CIEX hearing which continued on Wednesday at the North Gauteng High Court, Mkhwebane’s legal counsel Paul Kennedy SC... 

Drought: Has Cape Town planned properly for Day Zero?

6th December 2017 "Day Zero is the stark reality we face when most taps will be turned off and residents will have to queue for water." This sombre announcement was made by Mayor Patricia de Lille at the launch of the City of Cape Town's water dashboard on November 23, GroundUp reported on Wednesday. 

Monthly 'drought charge' on cards for Capetonians

5th December 2017 Cape Town residents may have to pay a monthly "drought charge" for about three years from February, as officials try and raise R1-billion annually while dams in the province recover from the worst dry spell in more than a hundred years. Details about the proposed charge are contained in a report... 

Three Cape Town households exceed 1 000 litres of water per day

4th December 2017 While Capetonians have been urged to reduce their water usage to below 87 litres per person daily, three households on average, exceeded 1 000 litres per day. This was revealed by City of Cape Town mayor Patricia de Lille on Sunday, who said the properties - two in Pinelands and another in... 

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