The South African Sibanye-Stillwater mine has Tuesday morning confirmed the death of a fourth miner. One miner is still missing.  The incident took place at the company’s Kloof Ikamva Mine near Westonaria in Johannesburg. Three miners were confirmed dead yesterday. This is after five mine workers were overcome by gas while they were underground. It’s […]

JOHANNESBURG (Reuters) – Six months into the job of running loss-making South African Airways, Vuyani Jarana is mapping out a punishing austerity plan. Jarana, who faces the daunting task of turning the flag carrier around, said layoffs and other cuts were unavoidable as he contends with a draining cost-to-income ratio of 108 percent. “SAA cannot […]

South African Airways’ (SAA) catering arm plans to lay off 118 workers, the National Union of Metalworkers of South Africa (NUMSA) said, as the struggling airline implements a turnaround strategy to restore profitability. NUMSA said it had received notice of the layoffs from the catering arm, called Air Chefs, and said it would oppose the […]

South Africa’s rand firmed in early trade on Monday, recovering some of the losses from last week, as the dollar softened ahead of central bank policy meetings and the U.S.-North Korea summit this week. * At 0637 GMT, the rand traded at 13.0125 per dollar, 0.5percent firmer than its close on Friday. * The rand […]

In a series of tweets Sunday morning, Cooperative Governance and Traditional Affairs Minister, Dr Zweli Mkhize, has “categorically” denied newspaper reports today that he demanded a R4.5-million “kickback” for a deal made by the Public Investment Corporation (PIC). Mkhize described the allegations – which were published by the Sunday Times – as “a ridiculous and malicious […]

Attracting investment to grow the economy, creating jobs and addressing poverty and inequality in South Africa is top of mind as President Cyril Ramaphosa participates in the G7 Leaders’ Summit Outreach in Toronto, Canada. The President arrived in the country on Friday ahead of the two-day session hosted by Canadian Prime Minister Justin Trudeau. “The […]

JOHANNESBURG (Reuters) – Elite South African police unit, the Hawks, raided offices of India’s Bank of Baroda on Friday and seized documents as part of an investigation into state corruption under former president Jacob Zuma, a police spokesman said. Bank of Baroda, which is winding down its operations in South Africa, was thrust into the […]

Former South African President Jacob Zuma, who was ousted by his own party in February, appeared at the Durban High Court on Friday for the second time on corruption charges relating to a $2.5 billion arms deal in the late 1990s. Zuma faces 16 charges of fraud, racketeering and money laundering relating to the deal […]

President Cyril Ramaphosa told congregants at the centenary celebrations of the Afrikanerbond that land needs to be shared in order to reduce poverty and unlock its economic value to benefit all South Africans. The President on Thursday night said the Afrikanerbond should not see the acceleration of land reform as a threat but as an […]

Earthquakes such as the one in which seven miners died last month in South Africa are impossible to predict and a fact of life for deep level operations there, the chief executive of the mine’s owner Sibanye-Stillwater said on Thursday. Precious metals producer Sibanye has been the object of strong criticism from unions, local media […]

A very determined South African Police Minister Bheki Cele addressed the National Press Club on Wednesday in Centurion, Pretoria, regarding the cash-in-transit (CIT) heists that have been taking place at alarming rates in the country. Cele says the police department is ready for a war that was declared by the criminals, specifically those involved in […]

South African police have seized documents from the offices of mobile phone operator MTN Group after Turkey’s Turkcell launched a lawsuit over a disputed Iran licence, MTN said on Tuesday. Turkcell alleges that the South African mobile company used bribery and wrongful influence to win a lucrative Iran license originally awarded to Turkcell. MTN rejects […]

The South African Social Security Agency (SASSA) has urged the public to be cautious of a fake SMS doing the rounds. “SASSA notes with concern the increasing number of fake SMSes that are being circulated to beneficiaries.” The organisation said that the agency has received reports recently that beneficiaries received an SMS instructing them to […]

Once South Africans have settled abroad, their thoughts often turn to how they can easily access their South African money. For many expats who have left the country on a permanent basis, these funds are often tied up in a trust. This is largely because trusts are a popular vehicle for South Africans to hold […]

Global auditor KPMG said on Monday it will lay off 400 people as it closes offices in South Africa following a corruption scandal that resulted in the firm losing several major clients. “These hard decisions were necessary to put the firm on a more sustainable footing, while ensuring we continue to offer our clients the […]

South Africa’s Health Minister Aaron Motsoaledi has published a new tobacco control bill which, if passed into law, will tighten the grip on how cigarettes and other tobacco products are sold, marketed and regulated in the country. Health and Medicine Editor Candice Bailey asked Catherine Egbe about what it means for tobacco control. What’s significant about South […]

The South African Parliament has on Tuesday passed the national minimum wage bill. The National minimum wage Bill has set out the minimum wage of R20 per hour which makes R3,500 a month. This excludes farmworkers and domestic workers. The law was passed by an overwhelming majority, gaining 202 votes. Three amended labour bills were […]

Need to get your hands on funds left behind in South Africa now that you’re living abroad? Here’s how it’s done, according to the taxman’s rules. As a South African resident living abroad, the Reserve Bank, including SARS, has certain exchange control allowance rules about how you’re permitted to access the money you’ve left back […]

JOHANNESBURG, May 25 (Reuters) – S&P Global Ratings affirmed South Africa’s sub-investment grade credit rating and kept its stable outlook on Friday, saying the country’s improved economic growth remained tentative and that the government’s debt burden was still on a rising path. S&P rates South Africa’s foreign currency debt ‘BB’ and its local currency debt […]

JOHANNESBURG (Reuters) – South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80 million) with promises of huge returns that never materialised, police said on Friday. The fraud investigation involves a company named BTC Global, which told clients they would earn 2 percent per day, 14 percent a […]

JOHANNESBURG (Reuters) – An inquiry into allegations of influence peddling revolving around former president Jacob Zuma and his businessman friends – the Gupta family – will begin formal public hearings in August and could take two years or more, the head of the commission said on Thursday. The allegations around Zuma, forced from office in […]

The South African Civil Aviation Authority (SACAA) has suspended SA Express’s Air Operator’s Certificate (AoC) and the airline’s Aircraft Maintenance Organisation (AMO) approvals. In addition, SACAA has also suspended the Certificates of Airworthiness (CoA) of nine of the 21 aircraft being operated by the airline. “This effectively means that as of today [Thursday, 24 May], […]

Binny Bags is one of South Africa’s many beautiful small businesses which is starting to flourish abroad. And it’s beautiful, not only because the bags are gorgeous, but because the story behind it – of family and friendship – is wonderful too. Megan Beswick – who happens to be cricketer David Miller’s (proud) aunt – […]

South African Airways (SAA), SA Express and Mango are to be merged, Public Enterprises Minister Pravin Gordhan said on Thursday. The minister also revealed that an intervention team, which he put in place at SA Express last week, has already uncovered two dodgy deals. One is a R67-million per month fuel contract which was entered […]

The South African Public Enterprises Minister Pravin Gordhan has officially announced the appointment of Phakamani Hadebe as new chief executive of Eskom, on Thursday. “Cabinet has approved the appointment of Mr Phakamani Hadebe as the new group chief executive of Eskom,” said Gordhan. In making the announcement, the minister pointed out that state owned entities […]