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South Africa committed to nuclear power expansion, process to be open – Zuma

By: Reuters     22nd June 2017 South Africa is committed to an "open, transparent" process to build new nuclear power plants and the government planned to go through with its plans for nuclear expansion, President Jacob Zuma told Parliament on Thursday. South Africa is planning to build 9 600 MW of nuclear capacity, a project... 

Zuma backs Zwane on new Mining Charter

By: African News Agency      22nd June 2017 President Jacob Zuma on Thursday threw his weight behind the controversial revised Mining Charter published by Mineral Resources Minister Mosebenzi Zwane. “Yes, I believe firstly, the minister gave the briefing and consultation, including the cabinet and what the minister is doing has been... 

MPs to include State capture in Molefe probe

By: African News Agency      21st June 2017 Parliament’s portfolio committee on public enterprises on Wednesday resolved to devote August to an in-depth probe of the circumstances surrounding Brian Molefe’s re-appointment to the helm of Eskom, including allegations of the Gupta family’s hold on the power utility. “The committee agrees that... 

BEE Advisory Council mulls various new radical socioeconomic transformation proposals

By: Natasha Odendaal     20th June 2017 The Black Economic Empowerment Advisory Council (BEEAC) on Tuesday convened a special meeting in Pretoria to unpack new proposals, that emerged from a prior meeting, to accelerate the council’s mandate and pursue radical socioeconomic transformation. The workshop, convened by President Jacob... 

Sisulu adjusts social housing programme

By: Anine Kilian     19th June 2017 Human Settlements Minister Lindiwe Sisulu has approved adjustments made to the social housing programme. This comes after the launch of the Westgate social housing project in Pietermaritzburg, KwaZulu Natal, on Monday, which was officiated by President Jacob Zuma. 

Education is the key to economic freedom, says Zuma

By: African News Agency      16th June 2017 Education is the most powerful weapon towards economic freedom, President Jacob Zuma said on Friday. “Government has taken reasonable and practical measures in ensuring that young people are enrolled in schools and study in decent schools and not mud schools and other inappropriate structures,... 

Gigaba announces ministerial meeting on economy, says fiscal consolidation will stay

By: African News Agency      16th June 2017 President Jacob Zuma has called a meeting of key ministers in a fortnight to devise a strategy to spur the South African economy out of recession, Finance Minister Malusi Gigaba said on Thursday. “The president has stressed the urgency of a co-ordinated response, and is convening a full-day... 

Out of the ‘shadow State’

By: Terence Creamer     16th June 2017 The stomach-churning #GuptaLeaks revelations have demonstrated in dismaying detail just how far President Jacob Zuma and his allies have veered off the path laid so painstakingly by struggle icons such as Nelson Mandela and Oliver Tambo. Indeed, even if the media reports arising from the leaks... 

Zille’s antics a big disservice to the DA  

By: Aubrey Matshiqi     16th June 2017 There is an interesting irony about the tension between Democratic Alliance (DA) leader Mmusi Maimane and his predecessor, Helen Zille. The irony lies less in the fact that Zille mentored Maimane but is more about how Zille changed the DA. Maimane, as the first black leader of the party, is a... 

Gigaba signs FIC Amendment Act

By: African News Agency      14th June 2017 Finance Minister Malusi Gigaba signed and gazetted various provisions of the Financial Intelligence Centre (FIC) Amendment Act, National Treasury said on Tuesday. “Commenting on the signing of the Act, Minister Gigaba said it was critical for government to accelerate the implementation of the Act... 

Parliament to investigate Eskom over graft allegations

By: Reuters     13th June 2017 South Africa's Parliament will begin an investigation next week into State-run utility Eskom amid allegations of mismanagement in issuing government tenders, a legislator said on Monday. Eskom has been at the centre of infighting in the ruling African National Congress (ANC) since Brian Molefe,... 

Moody's downgrades South Africa's credit rating but maintains investment grade

By: Reuters     10th June 2017 Ratings agency Moody's downgraded South Africa's credit rating on Friday but kept it at investment grade with a negative outlook, citing a recent abrupt cabinet reshuffle and reduced growth prospects for an economy mired in recession. South Africa's National Treasury said after the announcement... 

Fitch sees South Africa missing revenue forecasts

By: Reuters     8th June 2017 South Africa is likely to miss revenue forecasts set out in a February budget while weakness in running of state-owned companies will be a risk to fiscal deficit targets, Fitch director Jan Friederich said on Thursday. Friederich said business confidence had been dented by political infighting... 

Cabinet says concerned by corruption allegations

By: Reuters     8th June 2017 South African cabinet ministers are seriously concerned about leaked emails purported to show government officials were unduly influenced by business interests, Communications Minister Ayanda Dloldo said on Thursday. Last week South African media began reporting on more than 100 000 leaked... 

Corruption Watch demands answers on implementation of Fica Bill

By: African News Agency      5th June 2017 Corruption Watch has written to Finance Minister Malusi Gigaba requesting the date on which the Financial Intelligence Centre Amendment (Fica) Bill – one of the most important legislative weapons in the fight against money laundering in South Africa – would be implemented and the time frames... 

South Africa's private-sector activity little changed in May, Standard Bank PMI shows

By: Reuters     5th June 2017 Private-sector activity in South Africa was little changed in May from April, remaining in positive territory, as new orders and output failed to register significant gains. The Standard Bank Purchasing Managers' Index (PMI), compiled by Markit, was at 50.2 in May compared with 50.3 in April,... 

Molefe holding Eskom to ransom, says Sanco 

By: African News Agency      5th June 2017 The South African National Civic Organisation (Sanco) on Monday decried Brian Molefe’s labour court action to challenge his removal as Eskom CEO as an attempt to hold the power utility to ransom. Molefe, who was fired as Eskom CEO last week, on Sunday indicated his intention to take his former... 

Molefe to challenge sacking in court

By: News24Wire      5th June 2017 The former head of South Africa's power utility Eskom has approached the courts to overturn his sacking, local media reported on Sunday. Eskom was told to remove chief executive Brian Molefe last week after members of the ruling African National Congress (ANC) criticised his reinstatement just... 

Broadening scope of State capture inquiry a transparent attempt at diversion - BLSA

By: Terence Creamer     1st June 2017 Business Leadership South Africa (BLSA) has strongly criticised an African National Congress (ANC) suggestion that the scope of a proposed judicial commission of inquiry into allegations of State capture be broadened beyond the issues outlined in the former Public Protector’s ‘State of Capture’... 

Molefe removed as Eskom CEO, board might go too 

By: African News Agency      31st May 2017 Government on Wednesday ordered that Brian Molefe’s return to the helm of Eskom be rescinded and conceded that it had inflicted reputational harm on the country and the power utility. Public Enterprises Minister Lynne Brown told a media briefing she had met with the Eskom board and instructed it... 

Busa urges Nersa to reject Eskom’s request to deviate from tariff methodology 

By: Terence Creamer     30th May 2017 Business Unity South Africa (Busa) has heavily criticised what it describes as Eskom’s request for a “blanket condonation” from the National Energy Regulator of South Africa (Nersa) to deviate from the multiyear price determination (MYPD) methodology and minimum information requirements for... 

DA opens criminal case against Zuma, 11 others

By: News24Wire      30th May 2017 The Democratic Alliance (DA) opened a criminal case against President Jacob Zuma and 11 others at the Cape Town Central Police Station on Tuesday. Accompanied by fellow MP and ex-prosecutor Glynnis Breytenbach, as well as MP Kevin Mileham, DA leader Mmusi Maimane said their "preliminary... 

Nhlanhla Nene appointed as chairperson of new investment firm, Arise

By: African News Agency      30th May 2017 Former finance minister Nhlanhla Nene was on Tuesday appointed to the supervisory board of newly-formed Cape Town-based investment firm, Arise. Nene was fired as finance minister by President Jacob Zuma in December 2015 with a promise of a position at the Brics bank which never materialised. He... 

Stalwarts disappointed at another failed attempt to remove Zuma, caution opposition

By: Sane Dhlamini     29th May 2017 Stalwarts of the African National Congress (ANC) on Monday expressed concern that President Jacob Zuma had in the past 48 hours survived a second attempt at the level of the organisation’s National Executive Committee (NEC) to force him to step down. A significant number of the NEC’s number... 

DA asks Speaker to appoint ad hoc committee on State capture

By: African News Agency      29th May 2017 The Democratic Alliance (DA) on Monday asked Speaker Baleka Mbete to appoint an ad hoc parliamentary committee to probe ties between President Jacob Zuma, Cabinet ministers and the politically-connected Gutpa family, party leader Mmusi Maimane said on Monday. “Parliament is mandated by the... 

Zuma Cabinet reshuffle appeal postponed

By: News24Wire      29th May 2017 The application by President Jacob Zuma to appeal an order to hand over the record of decision to reshuffle his Cabinet will not go ahead on Monday as planned due to a bereavement in the legal team, Democratic Alliance (DA) MP James Selfe said on Monday. Selfe said the application for leave to... 

Zuma beats off efforts to oust him

By: African News Agency      29th May 2017 President Jacob Zuma has survived a second attempt to force him to step down, at the African National Congress’s (ANC's) national executive committee (NEC) meeting on Sunday night, IOL reports. It was apparently agreed, as a compromise between bitterly divided groups to refer the issue of Zuma’s... 

The Gupta Emails

By: News24Wire      29th May 2017 A cache of damning e-mails between members of the Gupta family, some of their trusted lieutenants and President Jacob Zuma's son, Duduzane, has brought forward fresh details on the mechanics of the Guptas' dubious state capture strategies. City Press, News24's sister publication, on Sunday... 

Outa welcomes new ‘State capture’ study

By: Sane Dhlamini     26th May 2017 The Organisation Undoing Tax Abuse (Outa) has welcomed the research undertaken by independent research organisation Public Affairs Research Institute (Pari) in collaboration with the South African Council of Churches (SACC), which exposes how State institutions have been “repurposed to serve the... 

Zuma says not opposed to inquiry into corruption allegations

By: Reuters     26th May 2017 South Africa's President Jacob Zuma said on Friday he was not opposed to setting up a commission of inquiry into corruption into his government after anti-graft report alleged he was influenced by the wealthy Gupta family in making government appointments. The former Public Protector, a... 

Zwane said to seek 30% black mine ownership rule

By: Bloomberg     26th May 2017 South African Mines Minister Mosebenzi Zwane has proposed raising the mandatory black ownership of mining assets to 30 percent from 26 percent, drawing opposition from some ruling-party officials who fear it will deter investment, two people familiar with the situation said. The proposal is part... 

Contested terrain 

By: Terence Creamer     26th May 2017 So what precisely is radical economic transformation? The answer, in an era of factional African National Congress (ANC) politics, depends very much on the speaker and the audience. Indeed, the definition is more hotly contested than this season’s Premier Soccer League, which ended on a... 

CSP projects boost South Africa’s green economy

By: Anine Kilian     25th May 2017 Global private engineering company Sener believes the 50 MW Bokpoort concentrated solar power (CSP) plant, together with the 100 MW Ilanga and 100 MW Kathu CSP plants, will significantly contribute to South Africa’s green economy. Sener is the engineering, procurement and construction partner on... 

Brown to set up Eskom corruption probe headed by retired judge 

By: Terence Creamer     25th May 2017 Public Enterprises Minister Lynne Brown has announced that she will institute a “broad scope” investigation into allegations of corruption currently hanging over State-owned electricity producer Eskom. The terms of reference and form of the investigation were still to be finalised, but Brown... 

Puma Energy sponsors South Africa’s Flying Lions aerobatic team 

     24th May 2017 International oil company Puma Energy recently announced, at Rand Airport in Germiston, east of Johannesburg, that it was sponsoring the Flying Lions aerobatic team. Keith Campbell reports. 

Business body urges ANC NEC to pressurise Zuma to set up State capture inquiry 

By: Terence Creamer     23rd May 2017 Business Leadership South Africa (BLSA) has added its voice to growing calls for the establishment of an independent judicial commission of inquiry into “State capture”, which it says is necessary to restore confidence in the economy and the future of the country. The big business body has also... 

DA asks AG to probe unnecessary R81m advance payment to Zuma benefactor

By: African News Agency      22nd May 2017 Water and Sanitation Minister Nomvula Mokonyane needs to explain why President Jacob Zuma’s close friend Philani Mavundla was allegedly irregularly paid an advance of tens of millions of rand, the Democratic Alliance (DA) said on Sunday. The DA would ask Auditor General (AG) Kimi Makwetu to... 

Parly inquiry into Eskom must include Duduzane Zuma’s ‘fake intelligence report’ – DA

By: African News Agency      22nd May 2017 The Democratic Alliance (DA) will ask Parliament’s chair of chairs Cedric Frolick to include an investigation into the most recent evidence of possible political interference in Eskom, this time by Duduzane Zuma, in the course of the inquiry the DA has requested. Just over a week ago, the DA... 

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