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Numsa reiterates rejecting minimum wage, throws shade at Ramaphosa

By: African News Agency      Updated 1 hour 57 minutes ago 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     Updated 2 hours 18 minutes ago 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... 

South Africa's Zuma reassures investors after dodging credit downgrade

By: Reuters     5th December 2016 President Jacob Zuma moved to reassure foreign investors on Saturday after all three major rating agencies kept South Africa's investment-grade status, granting the scandal-prone leader a reprieve after prolonged political turmoil. S&P Global Ratings downgraded the local debt of Africa's most... 

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... 

Gordhan orders inquiry into tax agency

By: Reuters     2nd December 2016 South African Finance Minister Pravin Gordhan has ordered an investigation into the tax collection authority, officials told parliament on Thursday, underlining rising tensions between the Treasury and the revenue agency. Gordhan has expressed concerns at the leadership of the South African... 

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 sends banking law back to parliament

By: Reuters     29th November 2016 President Jacob Zuma has sent the Financial Intelligence Centre Amendment Bill, a key piece of regulatory legislation for banks, back to parliament for further consideration, his office said on Tuesday. Zuma said the bill was "very important and pressing" but said he was worried about the... 

Gupta family asks court to force release of details over closure of accounts 

By: Reuters     29th November 2016 South Africa's wealthy Gupta family, accused in a government corruption probe of allegedly holding undue influence over President Jacob Zuma, said on Tuesday it had asked a court to force a financial regulator to give the family details concerning the closure of its business accounts. The... 

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... 

South African mine sector on a 'knife edge' due to political strife – Sibanye CEO 

By: Reuters     28th November 2016 South Africa's key mining industry is at risk of collapse owing to political unrest and labour instability which have negatively impacted investment into the country, the chief executive of the nation's biggest gold company said on Monday. Political ructions in Africa's most industrialised... 

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... 

Zuma decides on judicial review of Madonsela’s report on state capture 

By: African News Agency      25th November 2016 President Jacob Zuma announced on Friday that he will take the remedial action contained in the “State of Capture” report of former Public Protector Thuli Madonsela on judicial review. “The President has considered and also sought legal advice on the contents of the report as well as the remedial... 

It’s the end of the world as we know it, and I feel fine

By: Riaan de Lange     25th November 2016 And I feel fine. These are the recurring lyric of the American rock band REM's song, which are an apt encapsulation of my feelings in the aftermath of what has been called Brexit  Part II, the seemingly unanticipated results of the US Presidential election. A few days since the election, on the... 

South African political tug-of-war could turn debt into junk

By: Reuters     24th November 2016 South Africa says it has done enough to show credit rating agencies it can boost economic growth, but an ongoing power struggle within the ruling African National Congress could push it into junk status next week. The country needs to borrow about R165-billion rand ($12-billion) this fiscal year... 

‘Ramaphosa meets our criteria for president’: Cosatu

By: African News Agency      24th November 2016 Despite being embroiled in the fallout following the Marikana killings, the Congress of South African Trade Unions (Cosatu) said Deputy President Cyril Ramaphosa was the right person to take over the leadership of the African National Congress (ANC) next year. Cosatu’s second deputy president... 

Panel to give minimum wage recommendation on Sunday

By: Reuters     18th November 2016 A government advisory panel will give its recommendation for a national minimum wage on Sunday, Deputy President Cyril Ramaphosa said on Friday. Wages and salaries are politically sensitive in South Africa, where the official unemployment rate is close to 25 percent and inequality remains glaring... 

Quell, the beloved country

By: Riaan de Lange     18th November 2016 Having not been trained in the integrities of the law, having been subjected - merely fleetingly at that - to two compulsory first year semesters at university, I have always been intrigued and conflicted when contemplating the law and justice. As a consequence, I have over the years... 

Some lessons as Molefe goes

By: Terence Creamer     18th November 2016 Much has been written about the initial response of the Eskom board, its chairperson, Dr Ben Ngubane, and its CEO, Brian Molefe, to the contents of the Public Protector’s ‘State of Capture’ report. All the respondents, including the chairperson of the board subcommittee on social ethics and... 

Tide beginning to turn against Jacob Zuma

By: Aubrey Matshiqi     18th November 2016 What a week! In the same week, the National Prosecuting Authority dropped charges of fraud against Finance Minister Pravin Gordhan, a judge ordered that the report on the investigation into allegations of State capture be released and disparate groups – including the Economic Freedom Fighters... 

Zuma VIP jet discussions still on the table 

By: News24Wire      17th November 2016 The possibility of acquiring a VVIP jet for President Jacob Zuma is still on the table, Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula said on Wednesday. The council of defence had decided that “the process for a full acquisition should succeed”, she told MPs in reply to questions... 

Any recapitalisation of SAA would be off balance sheet – Jonas

By: African News Agency      16th November 2016 Recapitalisation of South African Airways (SAA) was an option but it would be funded off the balance sheet of the troubled carrier and not from the state’s coffers, Deputy Finance Minister Mcebisi Jonas said on Wednesday. “If we are going to recapitalise, it will be off balance sheet, it will not... 

Crawford Browne loses ConCourt bid to set aside arms deal commission finding 

By: News24Wire      16th November 2016 Arms deal critic Terry Crawford-Browne has lost his Constitutional Court bid to have the arms deal commission, which found no evidence of corruption, set aside. The Constitutional Court ruled that his application is not in the interest of justice. 

Eskom board member with Gupta links and named in probe resigns

By: Bloomberg     16th November 2016 Mark Pamensky, who is a director of a company owned by South Africa’s Gupta family that has ties with President Jacob Zuma’s son, resigned as a board member at state-owned Eskom Holdings, less than a week after the utility’s chief executive officer’s quit. Recommendations will be made to the... 

NPA mum on suspension letter

By: News24Wire      16th November 2016 The National Prosecuting Authority (NPA) said it would not comment on President Jacob Zuma’s letter in which Zuma requests reasons why National Director of Public Prosecutions Shaun Abrahams and others should not be suspended. “The presidency will communicate on that matter. We are not... 

Zuma says he reprimanded Zwane

By: African News Agency      14th November 2016 President Jacob Zuma said on Monday, in response to a parliamentary question that he had reprimanded Mineral Resources Mosebenzi Zwane for falsely stating that Cabinet had agreed to an inquiry into major banks’ decision to break ties with the Gupta family. “I reprimanded the Minister of Mineral... 

Rediscovering democracy

By: Terence Creamer     11th November 2016 Since the shocking events of the 9/12 last year when President Jacob Zuma made the fatal error of removing – seemingly with the prior knowledge of his friends outside of government – Finance Minister Nhlanhla Nene in a brazen attempt at “capturing” the National Treasury, there has been something... 

Govt tight-lipped on broadband tender deal

By: News24Wire      10th November 2016 The Department of Telecommunications and Postal Services on Wednesday kept mum on whether Telkom would be the preferred bidder to supply and maintain a government broadband project in South Africa. Deputy Minister Hlengiwe Mkhize told Parliament on Wednesday that the Department appointed the... 

Low economic growth a risk to credit rating – cenbank

By: Reuters     10th November 2016 South Africa's weak economic growth and heightened political risk are a risk to its investment grade sovereign credit rating, the central bank said on Wednesday. In its second and last financial stability review for 2016, the Reserve Bank also said thin liquidity was a recurring problem for the... 

South Africa has not reached tipping point - Mbeki

By: News24Wire      9th November 2016 Former President, Thabo Mbeki, said on Tuesday while the country was in a general crisis, it had not reached tipping point. “I have argued that our country is immersed in a general crisis. Fortunately we have not as yet arrived at the tipping point when the country becomes ungovernable, with... 

Investors not dwelling on State of Capture report - Davies 

By: News24Wire      8th November 2016 Foreign direct investors have not bolted due to allegations in the Public Protector's State of Capture report, Trade and Industry Minister Rob Davies said on Tuesday. "Foreign direct investors do not respond to those things very much. Nobody is withdrawing as a result of those developments," he... 

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