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African News Agency

Ramaphosa amends rules of State capture inquiry

23rd March 2018 President Cyril Ramaphosa's office said on Friday he has amended the rules of the commission of inquiry into state capture to make testimony before it admissible in criminal proceedings, with the exception of where a witness may incriminate him or herself. The amendment to regulation 8(2) of the... 

South Africa ready to take over Brics Business Council chairmanship

23rd March 2018 Africa is set for a decade of "unbelievable growth and prosperity".  This is according to Dr Iqbal Survé, chairman of the SA chapter of the Brics Business Council, who will take up the annual rotating chairmanship of the overall Brics Business Council (BBC) at the mid-term meeting which takes... 

Johannesburg Mayor finds procedures not followed in building of storm damaged houses

22nd March 2018 An investigation by City of Johannesburg's Group Risk and Assurance Services (Gras) found discrepancies and irregularities by officials and builders of bonded and RDP homes damaged by a storm in December last year. Mayor Herman Mashaba said as a result, three officials in the city's development... 

Cape Town International wins another award for best airport in Africa

22nd March 2018 Cape Town International Airport was once again ranked the best in Africa at the Skytrax World Airport Awards held in Stockholm, Sweden, the Western Cape Economic Opportunities Minister Alan Winde said on Thursday. It was the third year in a row Cape Town International won the award. 

SA Revenue Services welcomes Mark Kingon's appointment as acting commissioner

22nd March 2018 The South African Revenue Service (Sars) on Tuesday, welcomed the appointment of Mark Kingon as acting Commissioner with immediate effect. "Sars has full confidence in the abilities of Mr Kingon to manage this new additional role as we continue with our absolutely important mandate of collecting... 

SA President Ramaphosa punts single African currency at crucial AU Summit

22nd March 2018 South African President Cyril Ramaphosa on Tuesday strongly punted the idea of creating a single homogeneous currency for African countries in a bid to attract infrastructure investment and enable ease of intra-African trade. Speaking as a panelist on financing intra-Africa trade at the African... 

Ramaphosa says SA needs consultation before signing the African free-trade deal

22nd March 2018 South African President Cyril Ramaphosa on Wednesday said that his government needed more time to consult relevant stakeholders about the continental free trade area treaty before signing it. Ramaphosa did not sign the crucial agreement at the African Union (AU) Extraordinary Summit in Rwanda's... 

AU ready to sign continental trade treaty without Nigeria

20th March 2018 African Union (AU) chairperson Paul Kagame on Tuesday gave a strong indication yet that member states will sign the treaty to create the continental free trade area even if the continent's most-populated country, Nigeria, withdraws from the meeting. At least 53 African Heads of States have... 

Parliament's finance committee welcomes suspension of Sars boss

20th March 2018 Parliament's standing committee on finance on Tuesday welcomed the suspension of South African Revenue Service (Sars) commissioner Tom Moyane, saying a disciplinary inquiry against him should be "fair, swift and decisive". "The committee feels strongly that in view of the role Sars plays, it is... 

SARB's Naidoo: We warned VBS on its reliance of huge depositors

20th March 2018 In his presentation to the Standing Committee on Finance, South African Reserve Bank (SARB) registrar Kuben Naidoo raised concerns including deficient compliance culture, weak asset and liability management, potentially illegal municipal depositions and poor quality in regulatory reports. The... 

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