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News24Wire

News24’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country. Powered by the country’s leading journalists, and headed by the News24 editorial team.

The 'jig is up' for rail saboteurs - Mbalula tells Parliament

4th November 2020 Transport Minister Fikile Mbalula wants the "might of the law unleashed" on those responsible for the destruction of South Africa's rail infrastructure. "The jig is up," he told the National Assembly on Tuesday. 

Embattled SA post office searching for an expert to turn things around, says Ndabeni-Abrahams

3rd November 2020 Communications Minister Stella Ndabeni-Abrahams says the government is looking for an expert to fix the SA Post Office. SAPO's turnaround plan will be similar to the recovery plan which is being implemented at the SABC. On Tuesday, Ndabeni-Abrahams told Parliament's Portfolio Committee on... 

Battle of the stock exchanges: A2X's plans to take JSE's market share

2nd November 2020 Secondary stock exchange, A2X issued an update on its operations on Tuesday, showing that since its launch in October 2017, it has recorded 80 000 trades to the value of some R5.7-billion. But it still gets less than 1% of trades that take place among companies listed on both the exchange and the... 

Wiese on Jooste fine: 'At last, something is beginning to happen'

2nd November 2020 The Financial Sector Conduct Authority on Friday said it would fine former Steinhoff CEO Markus Jooste and others for insider trading. After three years since the Steinhoff share price fallout, action is finally being taken, says former board chairperson Christo Wiese. 

The taxi industry is 'the lifeblood of public transport', but we must fix problems – Ramaphosa

29th October 2020 President Cyril Ramaphosa has described the taxi industry as the "lifeblood of our public transport system", but has also emphasised that problems need to be tackled. Ramaphosa - who is self-isolating after possible exposure to Covid-19 at a fundraiser event over the weekend - addressed various... 

Mboweni agrees to SAA's R10.5bn bailout; no funds for SABC, Post Office and Denel

28th October 2020 South African Airways will get the R10.5-billion it has requested from government to fund its business rescue process. The monies will be made available from reductions from national departments and their entities as well as reductions from local and provincial conditional grants, according to... 

SAA chairperson resigns ahead of possible bailout announcement from Mboweni

27th October 2020 Finance Minister Tito Mboweni is expected to announce some funding to get SAA off the ground again. The chair of the board of South African Airways, Thandeka Mgoduso, has resigned after having been in the position for about a year. Her resignation comes ahead of Mboweni's medium-term budget... 

Winde appeals to Ramaphosa, Mboweni over SAA R10bn bailout

23rd October 2020 Western Cape Premier Alan Winde has appealed to the national government to "think carefully" about a possible bailout for South African Airways (SAA). He said all the provinces desperately need everything they can get, to recover from the Covid-19 lockdown and job losses. 

Umgeni Water CEO resigns with immediate effect

23rd October 2020 Thamsanqa Hlongwa has resigned as the chief executive of Umgeni Water with immediate effect, the State-owned entity announced on Thursday. In a note to shareholders, South Africa's second largest water board said that Hlongwa's resignation had been accepted. 

Western Cape's Maynier wants Covid-19 travel 'red list' scrapped

21st October 2020 The Western Cape government wants the Covid-19 travel "red list" scrapped because it is killing international tourism. "We are fighting hard to have this list scrapped," said Finance MEC David Maynier during a hybrid sitting of the Western Cape legislature. 

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