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Fedusa takes aim at SoEs with Section 77 notice  

By: Natasha Odendaal     16th January 2017 The Federation of Unions of South Africa (Fedusa) is taking a stand against government’s alleged failure to appoint “suitably qualified, accountable, responsible and responsive” management at some of South Africa’s vital parastatals. A Section 77 Protest Action Notice has been lodged with the... 

New incentive Act will boost employment – Busa

By: Megan van Wyngaardt     16th January 2017 Business Unity South Africa (Busa) has welcomed the passing of the Employment Tax Incentive (ETI) Act, which it believes will enable significant strides in the creation of more jobs for the youth. President Jacob Zuma signed the Bill into law on January 11 under the Taxation Laws Amendment Act. 

New 'use it or lose it' land policy in pipeline – Zikalala

By: News24Wire      16th January 2017 The African National Congress's (ANC’s) provincial chair and acting KwaZulu-Natal Premier Sihle Zikalala, used the podium at the party’s 105th anniversary celebrations to say that the issue of land would be dealt with decisively and a "use it or lose it" policy was being considered. President... 

Zuma signs 7 new finance bills into law

By: News24Wire      12th January 2017 President Jacob Zuma has signed seven new finance bills into law, the Presidency said in a statement on Thursday. The Bills have been passed by both the National Assembly and National Council of Provinces in the past year and sent to the President for ratification. 

Guptas fail to sell SA companies by end of 2016 

By: News24Wire      11th January 2017 The Guptas’ intention to dispose of their shares in all their South African businesses by the end of 2016 has not come to fruition, their family spokesperson confirmed this week. "The Gupta family remains committed to disposing of its shareholdings in South Africa as soon as is practically... 

SA remains optimistic about 2017 economic growth forecast despite global slowdown, says Zuma

By: African News Agency      9th January 2017 The African National Congress is optimistic that South Africa will achieve a decent economic growth rate this year despite the slow recovery in the global economy, ANC President Jacob Zuma said on Sunday. Addressing supporters at the ANC’s 105th birthday celebrations at Orlando Stadium in Soweto,... 

Zuma hints he will confront Msimanga over Taiwan trip 

By: African News Agency      3rd January 2017 President Jacob Zuma on Tuesday suggested he would use the next meeting of the President’s Coordinating Council to talk to Tshwane mayor Solly Msimanga about his visit to Taiwan, which has angered the government and ruling party. In a statement from his office, Zuma said he “has noted the... 

Economic growth and jobs priority for 2017, says Zuma in New Year’s message

By: African News Agency      30th December 2016 Igniting economic growth to create more jobs would be top of government’s agenda for 2017, President Jacob Zuma said in his New Year’s message to South Africans. Zuma described 2016 as a fruitful year in which government worked hard to fight poverty, inequality, unemployment, and reversing “the... 

'We want the rand to fall so that when it rises, we will control the economy' - Maine 

By: News24Wire      22nd December 2016 African National Congress Youth League (ANCYL) president Collen Maine says the league wants and needs the rand to fall so that when it rises again, the country's economy will be under their control. "We want the rand to fall, we need those economic turntables. The rand will fall but when it... 

Black people still don't control the economy - Zuma

By: News24Wire      22nd December 2016 President Jacob Zuma on Wednesday said black people were still not in charge of the economy. He was speaking at the African National Congress Youth League's (ANCYL) 'Economic Freedom in Our Lifetime' lecture at Durban’s Olive Convention Centre. He told a gathering of more than 2 000 people the... 

Zuma on Nenegate 'stooges' and never saying surrender 

By: News24Wire      22nd December 2016 President Jacob Zuma relived Nenegate during a speech at the Africa National Congress Youth League (ANCYL) Economic Freedom Lecture at the Olive Convention Centre in Durban on Wednesday, saying the nation wasn't really aware of what was happening at the time. "They called it the Nene disaster.... 

Zuma behaved like a gangster, says Vavi

By: News24Wire      20th December 2016 The revelations that President Jacob Zuma conspired with Secret Service agencies to establish a rival trade union to the Association of Mineworkers and Construction Union (Amcu)in the platinum belt should be seen as the last straw, said former Cosatu secretary general Zwelinzima Vavi. “If this is... 

2016: Year of Orwellian manipulation  

By: Aubrey Matshiqi     16th December 2016 We must declare 2016 the year of Orwellian manipulation. For the purposes of this article, Orwellian manipulation is about presenting falsehoods as truths, and truths as falsehoods. The aim is to distort political reality and, thereby, change the political environment to the disadvantage of... 

Absent growth SA’s junk escape may be short-lived

By: Bloomberg     16th December 2016 South Africa’s chances of repeating its escape from a junk credit rating in 2017 are in the balance as focus intensifies on tepid economic growth and simmering political tensions. 

Difficult, but important year

By: Terence Creamer     16th December 2016 Few South Africans are likely to look back on 2016 with much fondness. Nevertheless, it has arguably been an important year for the country and the evolution of democracy. The greater assertiveness of civil society, which made its presence felt in 2015, was consolidated in 2016, warts and all.... 

South Africa, Nigeria adopt two-year action plan on cooperation in mining

By: African News Agency      14th December 2016 South African Mineral Resources Minister, Mosebenzi Zwane and his Nigerian counterpart, Kayode Fayemi, on Tuesday endorsed a two-year action plan for the implementation of a memorandum of understanding (MoU) on cooperation in the fields of geology, mining and mineral processing. Both ministers... 

AMCU blasts Zuma over Marikana plan

By: African News Agency      13th December 2016 The Association of Mineworkers and Construction Union (AMCU) president, Joseph Mathunjwa, on Tuesday blasted President Jacob Zuma for announcing the implementation of Farlam Commission of Inquiry’s recommendations without consulting affected families and Lonmin mine workers. Mathunjwa said in... 

Unionist Vavi tells Numsa delegates proposed minimum wage is an ‘insult’

By: African News Agency      13th December 2016 Unionist Zwelinzima Vavi on Monday told delegates to the National Union of Metalworkers of South Africa’s (Numsa) tenth national congress in Cape Town that the proposed national minimum wage was an “insult”. The former General Secretary of the Congress of South African Trade Unions (Cosatu) told... 

Nedbank urged by Minerals Minister to retain Guptas as clients

By: Bloomberg     13th December 2016 Nedbank Group said South African Mineral Resources Minister Mosebenzi Zwane urged the lender to reconsider its decision to sever ties with companies tied to the Gupta family, who are friends of President Jacob Zuma and in business with his son. Nedbank, in a letter to Oakbay Investments dated... 

Lonmin commits to revising housing plan  

By: Anine Kilian     12th December 2016 Dual-listed Lonmin on Monday said it was reviewing its housing plan and was confident of submitting a compliant plan to the Department of Mineral Resources (DMR). This follows engagement with and directions provided by the DMR in September concerning certain revisions to Lonmin’s housing plan. 

South Africa can learn from SADC neighbours about policy – Leon 

By: Megan van Wyngaardt     12th December 2016 Despite being a small, agriculturally marginal, predominantly semi-arid, landlocked nation, Botswana has experienced rapid economic development, owing to the correct policies being in place. This, Herbert Smith Freehills Africa practice cochairperson and partner Peter Leon said, showed what can... 

Lonmin must improve housing plan or face losing its mining rights

By: News24Wire      12th December 2016 The Department of Mineral Resources plans to ask mining giant Lonmin for a compliant housing plan and may revoke the company's mining rights if it doesn't receive it, President Jacob Zuma said on Sunday. Zuma was giving an update on steps taken by various government departments to implement the... 

Government ready to compensate Marikana victims – Zuma

By: News24Wire      12th December 2016 The Presidency announced on Sunday that government is ready to compensate families of the Marikana victims. "The SAPS has instructed its attorneys to make offers of payments in full settlement of claims for the claims where quantification were complete and are not under criminal investigation,"... 

SA-Zambia cement economic ties

By: African News Agency      8th December 2016 South African and Zambian officials committed to strengthen cooperation in trade and investment, science and technology, defence and energy following high level discussions in Pretoria on Thursday. “We further committed to actively encourage both South African and Zambian companies to take full... 

Numsa reiterates rejecting minimum wage, throws shade at Ramaphosa 

By: African News Agency      7th December 2016 The National Union of Metalworkers (Numsa) on Wednesday reiterated its rejection for the proposed national minimum wage and also said that it did not support the endorsement of deputy president Cyril Ramaphosa as the next president of the African National Congress (ANC). In a fiery media briefing... 

Lily Mine probe escalated to inquiry

By: SANews, SA government news service     7th December 2016 The Department of Mineral Resources says the investigation into the tragic Lily Mine disaster, which left three mineworkers trapped underground, will be converted into an inquiry. Xolile Mbonambi, the Acting Chief Inspector of Mines, said this when the department appeared before the Portfolio... 

Zuma, Masutha to respond to ICC court challenge

By: News24Wire      6th December 2016 The High Court in Pretoria is expected to hear arguments from government on Tuesday on reasons for wanting to withdraw from the International Criminal Court (ICC). Representatives for President Jacob Zuma, Justice Minister Michael Masutha, the National Assembly speaker, the chair of the National... 

DA in bid to force Zuma to institute State capture inquiry

By: News24Wire      5th December 2016 The DA will not only oppose the President’s application to have the Public Protector's State of Capture report set aside, but will also approach the Constitutional Court to force him to appoint an inquiry. “We will file papers today to compel President Jacob Zuma to appoint a commission of... 

No conclusive data on feasibility of nuclear, National Treasury says

By: African News Agency      2nd December 2016 National Treasury has said there are no conclusive figures to date on the financial affordability and social impact on procuring new nuclear plants for South Africa. In a response to a parliamentary question released on Friday, Finance Minister Pravin Gordhan said studies released by the... 

It don’t matter if you’re black or white

By: Riaan de Lange     2nd December 2016 No, it don’t matter - rather, grammatically it doesn’t matter. It’s not supposed too, but then, in South Africa’s instance it does. Unfortunately, it does. It has been for living memory, and there is no indication that this would not be the case in the foreseeable future. It might not have... 

Guptas, Eskom still not budging on R2bn coal fine payment 

By: News24Wire      1st December 2016 The Guptas, who part-own Optimum Coal Mine through Tegeta Resources and Energy with President Jacob Zuma’s son Duduzane Zuma, have yet to pay the R2.176-billion fine imposed on it by Eskom. That is according to a written Parliamentary response by Public Enterprises Minister Lynne Brown on Wednesday. 

Gordhan climbs into Sars top management

By: News24Wire      1st December 2016 Finance Minister Pravin Gordhan admitted in a parliamentary response that there is a lack of accountability and co-operation from the top management at the South African Revenue Service (Sars). The Democratic Alliance’s David Maynier posed a question to Gordhan, asking him whether he was aware of... 

Fica bill unconstitutional, says Zuma 

By: News24Wire      29th November 2016 President Jacob Zuma referred the Financial Intelligence Centre Amendment (Fica) Bill back to the National Assembly for reconsideration on Tuesday, his office announced. “I have given consideration to the Bill in its entirety and certain submissions regarding the constitutionality of the Bill.... 

Zuma survives three days of gruelling attack from within

By: News24Wire      29th November 2016 President Jacob Zuma has survived a gruelling attack on his leadership from within the African National Congress National Executive Committee (NEC). The “surprise” motion by Tourism minister Derek Hanekom for Zuma to step down or be recalled was defeated. There was no voting, but more people on... 

South Africa still faces threat of downgrade to junk status, Cabinet reshuffle – economist 

By: Megan van Wyngaardt     28th November 2016 Financial services provider BNP Paribas Securities on Monday cautioned that South Africa was not out of the woods yet, with the risk of a ratings downgrade to ‘junk’ status by mid-2017 still high. This comes after ratings agencies Moody’s and Fitch on Friday maintained South Africa’s current... 

ANC extends its final NEC for 2016

By: News24Wire      28th November 2016 A “fierce” and “robust” African National Congress (ANC) national executive committee (NEC) meeting had to be extended as it could not agree on holding a secret vote for President Jacob Zuma to step down. The meeting which was due to end on Sunday has been extended to Monday. 

Public Protector files complaint against predecessor for leaking Zuma interview – report 

By: Reuters     28th November 2016 The new head of South Africa's anti-graft unit, which this month alleged influence-peddling in President Jacob Zuma's cabinet, has laid a complaint against her predecessor for leaking a recorded interview with the president, newspaper Sunday Times reported on Sunday. Former watchdog Thuli... 

Fitch holds SA's investment-grade rating, but cuts outlook to negative

By: Reuters     25th November 2016 Ratings agency Fitch affirmed South Africa's investment-grade credit rating at one notch above 'junk' on Friday but changed its outlook to negative from stable, warning that political risks could hurt growth. With the economy expected to grow by only half a percent this year, South Africa has... 

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