R/€ = 16.07 Change: -0.06
R/$ = 13.65 Change: -0.13
Au 1280.70 $/oz Change: -0.10
Pt 923.50 $/oz Change: 0.00


Brian Molefe’s young wife boosted his pension payout

20th October 2017 Former Eskom CEO Brian Molefe's marriage to Arethur Moagi in December 2016 boosted his pension payout, according to Sibusiso Luthuli, CEO of the Eskom Pension and Provident Fund (EPPF). Luthuli was briefing Parliament’s public enterprises committee as part of its state capture inquiry. 

'Implement water demands, or we'll ask for you to be placed under administration' – ANC

20th October 2017 The Western Cape African National Congress (ANC) says it intends calling for the provincial government and City of Cape Town to be placed under administration for their dismal handling of the ongoing water crisis. ANC provincial leader Khaya Magaxa said on Thursday that they would approach the... 

Time and money – two major obstacles in tackling Cape Town's water crisis

19th October 2017 Desalination plants and other plans, which are in the pipeline for Cape Town to help alleviate the water crisis, will probably cost the city billions of rand, and it is not yet clear where this money will come from. Another possibly hampering factor could be the time it will take to construct... 

Sixth death in platinum belt in three months

19th October 2017 British platinum mine giant Lonmin has raised "deep concerns" following the death of employee Tholakele Dlunga this week, the sixth in the platinum belt in the North West in the past three months. "Lonmin is deeply concerned by the recent fatal shootings across the platinum belt. The company is... 

Chamber files for review of 'disastrous' Mining Charter

18th October 2017 The Chamber of Mines filed an application in the North Gauteng High court on Tuesday to have a judicial review and setting aside of the Mining Charter. According to the founding affidavit, the Charter released by Mineral Resources Minister Mosebenzi Zwane on June 15 had, and continues to have, a... 

Brian Dames: Gigaba adviser lured me to meet Guptas

18th October 2017 Former Eskom CEO Brian Dames said he was asked to meet “some people” who turned out to be the Guptas by Finance Minister Malusi Gigaba’s adviser Siyabonga Mahlangu. “It was somewhere in Midrand and there was one other individual: I assume it was one of the brothers,” he said. “I was very angry... 

‘You are too late’ – Dames on State capture inquiry

18th October 2017 Former Eskom chief executive Brian Dames told Parliament’s State capture inquiry on Wednesday that while the process is a great move, it was too late. “You are too late,” he said. “You should have done this a long time ago.” 

Zwane to Parliament – Am I being investigated?

18th October 2017 "Am I being investigated? I need to know so that we can start dealing with facts and not allegations that are in the media." Those were the introductory remarks from Mineral Resources Minister Mosebenzi Zwane who is currently appearing before Parliament's portfolio committee on mineral resources... 

11% of government departments may not be able to operate in future - AG

18th October 2017 Auditor General Kimi Makwetu has revealed in Parliament that 11% of government departments face "material uncertainty" about their ability to continue operating in future. Makwetu was reporting before the Standing Committee on Public Accounts (Scopa), the Standing Committee on Appropriations, and... 

Rand drops on Zuma's suprise 'pro-nuclear' Cabinet reshuffle

17th October 2017 The rand lost more than 0.5% within minutes of President Jacob Zuma's announcement of yet another surprise Cabinet reshuffle. The biggest move is that of energy - Mmamoloko Kubayi has been moved from the energy portfolio to communications, with David Mahlobo now occupying the position of Minister... 

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