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NUM says members not paid at Gupta-owned Optimum mine

By: Reuters     23rd February 2018 The National Union of Mineworkers (NUM) said on Friday that its members had not been paid on time at the Optimum coal mine, which is owned by the Gupta family, and would not return to work at the operation which has started business rescue proceedings. "The guys were not paid and they want a... 

Nigerian mining’s GDP contribution seen increasing sixfold to 3%, cautious optimism takes hold in South Africa

By: Mia Breytenbach     23rd February 2018 With investors continuously scouring for new opportunities worldwide and countries scrutinised for their investment attractiveness and moni- tored in terms of economic growth, new light has been cast on the re-emerging and growing Nigerian mining sector, while South Africa’s mining industry... 

Zuma is, alas, not an aberration

By: Rebecca Campbell     23rd February 2018 Well, Jacob Zuma is no longer President of the Republic of South Africa, following his “recall” (in effect, order to resign) by his political party, the African National Congress (ANC). The raid on the Johannesburg home of his close associates, the Gupta brothers, on the morning of February 14... 

Treasury allocates R57bn to fund fee-free higher education

By: Megan van Wyngaardt     21st February 2018 Finance Minister Malusi Gigaba said R57-billion would be allocated over the coming three years to fund the fee-free higher education and training policy announced to by former President Jacob Zuma in December 2017 and reaffirmed by President Cyril Ramaphosa in February. Noting that this was the... 

AfriForum challenges Zuma rule on influence-peddling inquiry

By: Reuters     21st February 2018 Civil rights group AfriForum wants South Africa's highest court to quash a rule signed by former president Jacob Zuma that says evidence produced at a judicial inquiry into allegations of influence-peddling cannot be used in a criminal case. The clause is part of a list of regulations signed into... 

Lifestyle audits on government politicians, public servants set to start - Ramaphosa

By: African News Agency      20th February 2018 Tests on whether the lifestyles of politicians and public officials in South Africa match their incomes are set to become the norm, President Cyril Ramaphosa said on Tuesday, starting with himself and members of his cabinet. "If there ever has been anything that many South Africans would like to... 

Ramaphosa calls for new social compact

By: African News Agency      20th February 2018 President Cyril Ramaphosa on Tuesday called for national unity and a new social compact to revive the economy and ease the plight of South Africa's poor majority. "One thing that we will unite on is advancing the interests of our people," Ramaphosa said in his reply to the debate on his maiden... 

Gordhan, Jonas said to be part of Ramaphosa's new Cabinet plan

By: News24Wire      20th February 2018 Former ministers banished to the political wilderness under Jacob Zuma’s presidency are set to make a comeback as President Cyril Ramaphosa prepares to revive the stagnant economy. The African National Congress’s (ANC's) top-six officials, including President Cyril Ramaphosa, will meet on Friday... 

Investors watching closely as Ramaphosa considers Cabinet line-up

By: Reuters     20th February 2018 President Cyril Ramaphosa said on Tuesday his early morning walks gave him time to think about his cabinet amid growing speculation about its composition and the future of the finance minister. In his state of nation address on Friday, Ramaphosa strongly hinted at a cabinet shake-up when he said... 

Fiscal consolidation the buzzword for Gigaba's maiden Budget 2018?

By: African News Agency      20th February 2018 South African economists have set their sights on fiscal consolidation and avoiding a credit ratings downgrade as Finance Minister Malusi Gigaba scrambles to close the R50-billion deficit when he delivers his maiden Budget Speech on Wednesday. In his 2017 Medium Term Budget Policy Statement... 

No Brics leader among those who first phoned President Ramaphosa, on Sunday

By: Rebecca Campbell     19th February 2018 Not one of the five world and regional leaders who formed the first group to phone new South African President Cyril Ramaphosa on Sunday to hold preliminary discussions with, and to congratulate, him came from a Brics (Brazil, Russia, India, China and South Africa) group country. Two of the... 

Sars welcomes tax administration inquiry

By: African News Agency      19th February 2018 The South African Revenue Service (Sars) on Monday welcomed President Cyril Ramaphosa's pledge to launch a Commission of Inquiry into tax administration and governance at Sars. During his maiden State of the Nation Address (Sona) on Friday, Ramaphosa said he would shortly appoint a Commission of... 

SANDF allowed peaceful 'change of leadership' – Ramaphosa

By: News24Wire      19th February 2018 The South African National Defence Force (SANDF) has proven its role as a protector of the country’s constitutional order by allowing a peaceful handover of leadership in the ANC, President Cyril Ramaphosa said in Kimberley on Sunday. "Our nation celebrates the change of leadership in the... 

Eyes on Gigaba amid talk of Cabinet reshuffle before budget

By: Reuters     16th February 2018 South Africa's Treasury is set to present its 2018 budget to parliament on Wednesday but market focus is on whether new President Cyril Ramaphosa will reshuffle the cabinet before then and replace Finance Minister Malusi Gigaba. Ramaphosa was sworn in as head of state on Thursday after his... 

Ramaphosa carries weight of economic expectations on shoulders

By: African News Agency      16th February 2018 South Africa’s brand new President Cyril Ramaphosa is riding on a wave of goodwill across the political divide as the country looks to him to steer the recovery of an ailing economy widely attributed to his predecessor Jacob Zuma. But failure by Ramaphosa to quickly get the economy back on track... 

Ramaphosa set to outline priorities in key speech

By: Reuters     16th February 2018 President Cyril Ramaphosa is expected to give more details about how he plans to tackle corruption and boost economic growth on Friday, when he delivers his first state of the nation address. Ramaphosa was sworn in as head of state on Thursday after his scandal-plagued predecessor, Jacob Zuma,... 

'All systems go' for Sona, MPs hear

By: News24Wire      16th February 2018 Preparations for a State of the Nation Address (Sona), to be given by incoming president Cyril Ramaphosa, is on track for Friday evening. Ramaphosa was elected President at a sitting in the National Assembly on Thursday. 

'Off to the races' for South African assets as Ramaphosa steps in

By: Bloomberg     15th February 2018 Stocks surged the most since December 2014, the rand rallied to a three-year high and bond yields fell to a level last seen more than two years ago as market favorite Cyril Ramaphosa took the helm of Africa’s most industrialized economy. “This is the Cyril bonus,” said Wayne McCurrie, the head of... 

Business organisations hope for greater policy certainty after Zuma’s resignation

By: Anine Kilian     15th February 2018 Industry bodies throughout South Africa have welcomed Jacob Zuma’s decision to step down as President. The South African Chamber of Commerce and Industry (Sacci) on Thursday said it applauded Zuma’s remarks where he reaffirmed and pledged his commitment to the Constitution and the rule of law,... 

Ramaphosa formally elected as President

     15th February 2018 Cyril Ramaphosa was elected as South Africa's new president by the National Assembly on Thursday, a day after the deeply unpopular Jacob Zuma was forced to resign by the ruling party. Ramaphosa, 65, was the sole candidate put forward by the National Assembly and takes up the top post two decades... 

Moody's says monitoring policy implications of South African leadership changes

By: African News Agency      15th February 2018 Moody's said on Thursday it was closely monitoring developments in South Africa after President Jacob Zuma's resignation, and was focused on the policy implications of ongoing changes in the country's leadership. "The key point from a credit perspective will be the new leadership’s response to... 

Rand hovers near 2-1/2 year highs after Zuma steps down

By: African News Agency      15th February 2018 South Africa's rand hovered near two-and-half year highs against the US dollar early on Thursday, boosted by President Jacob Zuma's late night resignation after his ruling ANC party recalled him from his post this week. Many South Africans are cheering the exit of Zuma who has been dogged by... 

ANC will give Zuma reasons for recalling him

By: News24Wire      15th February 2018 By resigning as president, Jacob Zuma has been spared from yet another vote of no confidence in Parliament, the African National Congress (ANC) said on Thursday night. "It has been going on for almost three to four years and we believe that we do need to give this comrade respect and also spare... 

From 'rejoicing' to 'good riddance', opposition parties react to Zexit

By: News24Wire      15th February 2018 The Democratic Alliance (DA) says it is "rejoicing" at the news that Jacob Zuma has resigned as president, while the United Democratic Movement (UDM) says "good riddance". Zuma announced on Wednesday evening that, although he does not agree with his decision, he will resign as president of the... 

ANC welcomes Zuma's resignation

By: News24Wire      15th February 2018 The African National Congress (ANC) on Thursday night accepted President Jacob Zuma's resignation as head of state. Speaking shortly after the resignation, deputy secretary general Jessie Duarte said Zuma's decision to resign was consistent with his organisation. 

If NPA fails to prosecute Zuma, private prosecution will be put in motion - AfriForum

By: News24Wire      15th February 2018 Former president Jacob Zuma’s resignation did not mean he should be able to evade prosecution, AfriForum said on Wednesday. CEO Kallie Kriel says the organisation would "take all reasonable steps" to ensure that Zuma is prosecuted by the National Prosecuting Authority (NPA). 

The choices Ramaphosa has to make 

By: Aubrey Matshiqi     15th February 2018 As I sit to write this month’s missive, it seems the Zuma moment will be behind us soon. As I write, I am listening to a news bulletin in which it is being reported that African National Congress (ANC) reasurer-general Paul Mashatile told a group of businesspeople at the Mining Indaba, in Cape... 

Zuma quits as President of South Africa

By: Reuters     14th February 2018 Jacob Zuma resigned as President of South Africa on Wednesday, heeding orders by the ruling African National Congress (ANC) to bring an end to his nine scandal-plagued years in power. In a 30-minute farewell address to the nation, 75-year-old Zuma nonetheless said he disagreed with the way the... 

Zuma says he has done nothing wrong

By: African News Agency      14th February 2018 President Jacob Zuma, in a rambling television address on Wednesday, said the African National Congress (ANC) had no cause to remove him from office and claimed that the party had reneged on an agreement that he would serve another three months as a notice period before handing over to his deputy... 

Drought crisis: Three provinces declared national disasters

By: News24Wire      14th February 2018 The national disaster management centre has called on organs of state to implement contingency measures to enable the national executive to deal with the drought in parts of South Africa. In a statement released in the government gazette on Tuesday, Disaster head Dr Mmaphaka Tau Tau said, after... 

Botswana Diamonds starts exploration work at Botswana JV, maintains exploration optimism

By: Mia Breytenbach     13th February 2018 Aim-listed Botswana Diamonds has started exploration work on the Sunland Minerals joint venture (JV), which it shares with Russian diamond producer Alrosa, in Botswana. The objective of the exploration programme is to follow up on 15 previously identified priority geophysical targets in PL232-235... 

Post-Zuma uncertainty not addressed by current opposition party ideology - Khoza

By: Dylan Slater     13th February 2018 Political party, African Democratic Change (ADeC), has expressed concern that South Africa faces an uncertain future in light of poor opposition leadership and foresight.  

Union, business organisations welcome Zuma recall

By: Anine Kilian     13th February 2018 Business Leadership South Africa (BLSA), the South African Chamber of Commerce and Industry (Sacci) and the South African Federation of Trade Unions (Saftu) have welcomed the decision by the African National Congress’s (ANC’s) national executive committee to recall President Jacob Zuma after his... 

Warning of ‘seismic’ tax hikes, spending cuts to close R50bn 2018 Budget hole 

By: Terence Creamer     13th February 2018 Standard Bank chief economist Goolam Ballim is warning that the upcoming Budget will include “seismic” tax increases and spending cuts to address a menacing “fiscal cleavage” that, in nominal terms, is unprecedented in South Africa’s history. The Budget is scheduled for release on February 21 and... 

ANC recalls Zuma

By: African News Agency      13th February 2018 African National Congress (ANC) has recalled President Jacob Zuma, the party's secretary-general Ace Magashule announced on Tuesday in Johannesburg. ''The national executive committee decided to recall the president in accordance with rule 12.2 of the ANC, which allows the ANC to recall it’s... 

Zuma defiant till the end as party moves to recall him

By: News24Wire      13th February 2018 A defiant President Jacob Zuma has refused to resign immediately as head of state, daring the African National Congress's (ANC's) National Executive Committee (NEC) to recall him. The party's highest decision making body resolved to recall him, invoking the clause in the African National Congress... 

ANC to make announcement on Zuma exit at noon

By: African News Agency      13th February 2018 The African National Congress (ANC) said in a terse statement that it will on Tuesday at noon pronounce on President Jacob Zuma's fate. All indications are that the ruling party's top brass has decided to force Zuma out after a marathon 13-hour closed meeting. 

Opposition parties want Parliament dissolved

By: News24Wire      12th February 2018 Opposition parties on Monday agreed that Parliament should be dissolved following a motion of no confidence in President Jacob Zuma. After the opposition parties represented in Parliament met on Monday, Democratic Alliance leader Mmusi Maimane said they have resolved that they want the motion of... 

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