R/€ = 17.27 Change: -0.03
R/$ = 14.43 Change: -0.03
Au 1742.34 $/oz Change: -2.85
Pt 1178.50 $/oz Change: 2.00


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.

'Please Call Me' inventor gears up for last stretch of battle against Vodacom

9th February 2021 After over a decade of fighting Vodacom, the country's biggest cellular company, the inventor of "Please Call Me" is hopeful that his protracted legal battle is now entering the last mile. In May, Nkosana Makate will once again square off against Vodacom in a review of a R47-million compensation... 

Red tape costing SA miners their competitive edge, laments Sibanye-Stillwater boss

4th February 2021 Rebooting local mining would require a common vision between the sector and government, the CEO of Sibanye-Stillwater Neal Froneman said on Wednesday, adding that a number of growth-inhibiting factors still remain. From policy certainty, efficient processing of mining rights application to... 

Does Greyhound's closure spell the end of the road for the long-distance bus sector?

4th February 2021 It's hard to picture a festive season or payday weekend without Greyhound buses on the road, as blue-collar workers head home - but this is a reality many will soon face. KAP Industrial Holdings said it would stop its Greyhound and Citiliner services this month after 37 years in the industry,... 

Former SA Express execs could face music at inquiry as airline sale draws to an end

4th February 2021 Former executives and directors of the soon-to-be-sold state-owned regional airline SA Express (SAX) are expected to appear before an inquiry into what led to its liquidation. The inquiry started on 25 September last year. SA Express was placed under provisional liquidation in April 2020 after a... 

South Africa now ties Sudan in eleventh place for annual gold production

2nd February 2021 Once the undisputed largest gold producer in the world, South Africa is now tied with Sudan for annual gold production in eleventh place globally, according to new data from the US. The US Geological Survey on Tuesday published estimates of global gold production for 2020. South Africa's... 

Covid-19: SA records lowest number of daily infections since December

2nd February 2021 South Africa has recorded the lowest number of Covid-19 daily infections since the beginning of December last year. This was announced by President Cyril Ramaphosa during his televised address to the nation on Monday night. 

Gordhan wants to 'change playing field' in SAA's rescue process, court hears

1st February 2021 Public Enterprises Minister Pravin Gordhan is trying "change the playing field" by attempting to get the Labour Court to sanction deviating from SAA's approved business rescue plan and to get an unfair advantage in terms of the collective bargaining process. This was claimed by attorney Minnaar... 

Don't surprise us again, pleads liquor industry as Ramaphosa lifts sale ban

1st February 2021 While it is a relief that the liquor sales ban has been lifted, there should be "more structured engagement" from government with the sector so that they are not surprised with sudden restrictions, an industry representative has said.  President Cyril Ramaphosa's announced on Monday night that... 

Tito Mboweni asks for more time for Treasury report after missing first deadline

22nd January 2021 Minister of Finance Tito Mboweni wrote to the Speaker of Parliament Thandi Modise asking that the legislature grant National Treasury an extension for the submission of its annual report and financial statements, while it irons out differences with the office of the Auditor General. The letter... 

Spotlight on emerging markets a boon for South Africa's private equity to build another Rain or SweepSouth

22nd January 2021 Fund managers, who are backing startups, SMEs and other business ventures that banks don't ordinarily touch, are expecting a bumper year in 2021 after Covid-19 disrupted most of the fundraising initiatives last year. The private equity and venture capital industry, which in South Africa was given... 

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