South Africa’s 1st People – Khoisan 6 – Urgently Need Food During Peaceful Protest at Union Buildings, Pretoria

By SAPeople Contributor 19-12-18 16:18

Today is Day 20 of the Khoisan6’s peaceful protest at the Union Buildings in Pretoria, South Africa… writes concerned Tshwane resident, Lisa Marcelle Hold. Last night they went hungry and are in desperate need of food and fresh water. Conditions over the past week have been horrendous with unbearable weather – either searing heat or torrential rain […]

Lusaka Becomes Turkish Airlines’ 55th African Destination

By SAPeople Contributor 18-12-18 23:30

Turkish Airlines is now flying twice a week between the Zambian capital Lusaka and Istanbul, via Dar es Salaam. The new route was launched on 14 December 2018 and it makes Lusaka the 306th destination serviced globally by Turkish Airlines – more than any other airline. Turkish Airlines’ Senior Vice President of Sales Kerem Sarp […]

Cape Town Charity Serving Hungry People for Over 80 Years

By Guest Contributor 18-12-18 13:03

Almost everyday, hundreds of homeless people gather at the Service Dining Rooms for a warm cooked meal and cooldrink. Situated in Cape Town’s city centre, this charity has been feeding people in need for over 80 years. On Thursday, the organisation held its annual Christmas Party. where meals were prepared for over 400 people. The […]

South African Rand Stronger as Dollar Slides Ahead of Fed

By Reuters 02-01-21 16:19

JOHANNESBURG – South Africa’s rand traded slightly stronger early Tuesday, helped by a fragile dollar as markets counted down to a crucial U.S. Federal Reserve meeting amid speculation it will soon hit the pause button to its monetary tightening cycle. At 0645 GMT, the rand traded at 14.3500 versus the dollar, 0.3 percent stronger than […]

South African Airways and Emirates Agree to Expand Codeshare Pact

By Reuters 18-12-18 11:19

JOHANNESBURG – South African Airways (SAA) said on Tuesday that it had signed a partnership deal with Emirates airline which would see the two firms expand an existing codeshare agreement and work on other areas of cooperation. South African President Cyril Ramaphosa has been at pains to stabilise struggling state-run firms like SAA, which has […]

Why South African Community’s Win Against Mining Company Matters

By SAPeople Contributor 14-12-18 10:20

A South African High Court has passed an important judgment putting a stop to the pervasive practice by companies to mine ancestral lands in rural areas without the villagers’ consent. The case was brought by the community of rural UMgungundlovu, a small cluster of villages that fall under the Amadiba traditional authority on the largely […]

Eskom Debt Swap Not An Option Says South Africa’s Ramaphosa

By Reuters 14-12-18 10:04

JOHANNESBURG – A debt swap for cash-strapped state power company Eskom would spiral the country into more debt, South Africa’s President Cyril Ramaphosa said on Thursday, adding there was need to look at other options to shore up the company’s balance sheet. Eskom, which has had to implement power cuts due to coal shortages and […]

In An African First, Pretoria Hosts A Cannabis Expo… Without Cannabis

By Reuters 13-12-18 20:48

PRETORIA – Andre Kruger’s stand at Africa’s first ever cannabis exposition displayed an indoor growing tent, complete with state-of-the-art lighting imported from the United States and fittings for a high-tech hydroponic irrigation system. What it didn’t have, however, was a cannabis plant. The four-day expo, which opened in South Africa’s capital Pretoria on Thursday, was […]

South Africa’s Reserve Bank to Wait Until May for Next Rate Hike

By Reuters 13-12-18 12:47

JOHANNESBURG – The South African Reserve Bank will not raise interest rates again until May, according to a Reuters poll, taken after the Reserve Bank surprised many economists last month by adding 25 basis points to borrowing costs. The median forecast in the poll of 25 economists, conducted over the past week, suggests the central […]

Famous Brands

South African Company Shuts 14 of Its UK Burger Chain Stores

By SAPeople Contributor 12-12-18 13:42

JOHANNESBURG (Reuters) – South Africa’s Famous Brands said on Tuesday its UK-based unit Gourmet Burger Kitchen (GBK) has closed 14 out of 17 under-performing stores following the approval of a restructuring plan by creditors. A string of British store groups have either gone out of business or announced plans to close shops this year, as […]

Ramaphosa Welcomes Dismissal of Tom Moyane’s Court Application

By SAPeople 11-12-18 16:13

President Cyril Ramaphosa has welcomed the North Gauteng High Court judgment upholding the President’s dismissal of Tom Moyane as Commissioner of the South African Revenue Service (SARS). The President ended Moyane’s tenure at SARS in November 2018 following a recommendation by the Nugent Commission of Inquiry into the governance of the revenue service and tax […]

Eskom not Implementing Load Shedding

By SAPeople Contributor 11-12-18 11:04

Good news for South Africans as Eskom says it will not implement Stage 1 rotational load shedding today. “Eskom will not implement Stage 1 rotational load shedding from 9am today. The electricity system remains tight and the risk of load shedding still remains high for today should power station units fail to return as planned,” […]

Tom Moyane to Know His Fate Today

By Wendy Mothata 11-12-18 09:08

The axed South African Reserve Service Commissioner, Tom Moyane will on Tuesday know his fate as he bids to get his job back at the High Court in Pretoria. Judge Hans Fabricious is expected to hand down Moyane’s judgement. Moyane approached the High Court to have his dismissal overturned and prevent the SARS commission from […]

South Africa Needs to Bail Out Eskom, says Former Eskom Adviser Rothschild

By Reuters 10-12-18 13:43

JOHANNESBURG – The South African government needs to “bite the bullet” and bail out struggling state-run power firm Eskom, which has asked for R100 billion ($7 billion) in government support, the chief executive of Rothschild & Co in South Africa told Reuters. Rothschild advised Eskom in 2008 when it last received a major cash injection […]

KPMG South Africa Beg for Second Chance after Corruption Scandals

By Reuters 10-12-18 12:05

JOHANNESBURG – The chairman of KPMG South Africa on Monday appealed for the firm to be seen as a changed business, following months of efforts to regain public trust after becoming embroiled in major corruption scandals. In an open letter published in South African newspapers, KPMG South Africa’s executive chairman Wiseman Nkuhlu said the local […]

South Africa’s Minimum Wage to Apply from January 2019

By Reuters 07-12-18 22:45

JOHANNESBURG  – South Africa’s new national minimum wage will take effect from January 2019, President Cyril Ramaphosa said on Friday, ensuring workers earn at least R20 an hour. Ramaphosa last month signed into law the national minimum wage bill, part of efforts by the government to tackle wage inequality in South Africa. The National Minimum […]

Fresh Start as South Africa Axes Nuclear Firm NECSA’s ENTIRE Board

By SAPeople 07-12-18 15:26

PRETORIA – President Cyril Ramaphosa’s pledge to clean state-run organisations from corruption continued today with South African Energy Minister Jeff Radebe announcing that the government has replaced the entire board of directors of state-run nuclear firm NECSA… and suspended its chief executive (Phumzile Tshelane) over problems with how it was governed. Radebe said the challenges […]

fitch rating south africa

South African Government Welcomes Fitch Rating

By SAPeople Contributor 07-12-18 11:05

The South African government has welcomed rating agency Fitch’s decision to affirm SA’s long term foreign and local currency debt ratings at ‘BB+’ and maintain the stable outlook, National Treasury said. Fitch’s outlook assessment on Thursday keeps South Africa’s foreign and local currency credit ratings below investment grade (subinvestment). Fitch warned that low growth and […]

fitch rating south africa

Fitch Keeps South Africa’s Sovereign Rating Unchanged

By Reuters 07-12-18 11:06

JOHANNESBURG – Ratings firm Fitch on Thursday kept South Africa sub-investment grade credit rating steady at subinvestment and maintained its stable outlook, but warned that low growth and rising debt of state-owned firms posed a risk. “South Africa’s ratings are weighed down by low growth potential, sizeable government debt and contingent liabilities,” Fitch said in […]

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