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SA business delegation heads to Uganda to explore trade and investment opportunities

17th May 2019 A group of 25 South African business people were in high spirits ahead of their departure to Kampala, Uganda, to explore trade and investment opportunities in the agro-processing, capital equipment, energy and furniture sectors in the East African country. This is according to the Department of... 

Land Bank reshuffles executive after CEO's resignation

16th May 2019 The Land and Agricultural Development Bank of South Africa on Thursday appointed its head of internal audit Yatheen Ramrup, as acting CFO to support Konehali Gugushe in her capacity of acting chief executive. Ramrup is a chartered accountant who articled with Ernst & Young and has an extensive... 

Sakeliga welcomes Radebe's decision on private electricity generation

16th May 2019 Business organisation Sakeliga on Thursday welcomed Energy Minister Jeff Radebe's decision to allow private businesses to generate their own power and feed it into the grid. The energy department this week confirmed Radebe gave the National Energy Regulator of South Africa the go ahead to licence... 

Mahomedy tackles locomotive costs, interest rate swaps at Zondo Commission

16th May 2019 Transnet acting CE Mohammed Mahomedy continued his testimony at the Zondo commission of inquiry into State capture on Thursday, further detailing how the State-owned entity was bleeding billions of rands as a result of irregular contracts and interest rate swaps. Mahomedy told the commission... 

Transnet CEO tells Zondo Inquiry of irregularly awarded contracts

16th May 2019 Transnet's acting group chief executive, Mohammed Mahomedy, on Wednesday told the Zondo Commission that a review of tender documents by Transnet's new board revealed that several contracts at the state-owned freight operator had been entered into irregularly.  Mahomedy was acting CFO at Transnet... 

Cabinet to be restructured to benefit economy – Ramaphosa

15th May 2019 President Cyril Ramaphosa on Wednesday assured a gathering of investors in Johannesburg that his Cabinet will be restructured to bolster plans to grow South Africa's economy. "The structure of Cabinet in the sixth administration will enable government to focus on generating higher economic... 

Court action suspended, parties agree on more transparency in chicken industry

15th May 2019 The Association of Meat Importers and Exporters (AMIE) and the South African Poultry Association (SAPA) have agreed to lift the veil of secrecy on "confidential" documents on which the protectionist application on chicken imports is based. In a statement in Wednesday AMIE, which had launched the... 

Rise in unemployment rate a call for government to revisit policies

15th May 2019 The rise in unemployment levels in South Africa, especially in agriculture, is a major concern and deserves the immediate attention of President Cyril Ramaphosa in his new tenure, Agri SA said on Wednesday. South Africa's unemployment rate has risen to its highest level since the third quarter of... 

Not all deals at Transnet went through prescribed processes – acting CEO

15th May 2019 Not all transactions at State-owned logistics company Transnet were handled in compliance with stipulated processes, acting CEO Mohammed Mahomedy told the commission probing graft on Wednesday. "What we found was that certain transactions were approved through normal processes and some of the... 

SA has enough water supply for winter season – Govt

15th May 2019 South Africa has adequate water in storage to sustain it through the dry winter season, but the resource should be utilised carefully, the department of water and sanitation has said. Dam levels were at 73.7 percent for the past two weeks, a 6.2 drop compared to the same period last year,... 

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