The South African Reserve Bank’s Monetary Policy Committee (MPC) has hiked the repurchase rate (repo rate) by 75 basis points. This increase means the repo rate will now be 6.25% per year from tomorrow (Friday) 23 September 2022, with prime now at 9.75%. The level of the repurchase rate is now closer to the level prevailing […]

Once billed as “the Ikea of Africa,” Steinhoff employed over 130 000 people on over 40 brands across four continents. Steinhoff-owned companies every South African will know include giants like Ackermans, Incredible Connection, Morkels, Pennypinchers, PEP, Russells, Tekkie Town, and Timbercity. On 5 December 2017, CEO Markus Jooste resigned amid an investigation into accounting irregularities, […]

The pension of former National Lotteries Commission chief operating officer Phillemon Letwaba has been frozen by the Special Tribunal. The Special Tribunal has frozen the R2.8-million pension of former National Lotteries Commission chief operating officer Phillemon Letwaba. This follows an application by the Special Investigating Unit, which was authorised in 2020 by President Cyril Ramaphosa […]

Around 91 new property owners have shot the lights out in the best possible way, with Rawson Developers’ very first Atlantic Seaboard luxury apartments sold out in less than half an hour. The launch of this joint venture with the Berman Brothers Group drew property investors and residents from across the income spectrum and world, […]

President Cyril Ramaphosa says resolving the energy crisis is critical to ensure that the economic and investment potential of the country is realised. His comments come after South Africa was plunged into Stage 6 load shedding for the second time this year, prompting the President’s urgent return to the country during an international trip. Households […]

JOHANNESBURG, Sept 19 (Reuters) – South African President Cyril Ramaphosa will miss the United Nations General Assembly this week, instead returning home from Britain to address a national power crisis, his spokesman told local media including television channel eNCA. State-owned power utility Eskom moved to “Stage 6” electricity outages on Sunday for only the third […]

Eskom CEO, Andre de Ruyter, says the power utility is working hard to bring back failing generation units and restore stability to the grid. His pledge comes after multiple trips, breakdowns and delays in return to service at generation units caused the implementation of Stage 6 load shedding over the weekend. De Ruyter said teams […]

President Cyril Ramaphosa will be cutting short his overseas trip to return home to South Africa to deal with the Eskom crisis which has plunged SA into Loadshedding (pre-planned power cuts) Stage 6. In a media briefing this morning, Eskom admitted that the powerlessness could get even worse, with unplanned blackouts that would take South […]

Just after 4am last night, South Africans were plunged into Stage 6 loadshedding. This came after the tripping of a generation unit each at Kusile and Kriel power stations, Eskom said in a tweet on its Twitter page. The power utility – which at this stage appears to not have much power – appealed again […]

Deputy President David Mabuza has acknowledged that illegal mining is a major challenge in South Africa, and says that the Department of Mineral Resources and Energy will appoint specialised teams in each province to fight illegal mining. “It has grown to the point where it is a major source of concern not only for the […]

To get into the world of forex trading, you will first require a credible broker. This broker has to be an expert in terms of knowledge, experience, and the links they have in the industry. There are certain terms that both trader and broker need to be aware of and understand in order to make […]

Nearly a dozen police vehicles, buses and cars have been torched during violent retaliation allegedly by amaphela drivers. By Nombulelo Damba-Hendrik and Siphokazi Mnyobe. At least seven suspects have been arrested. This follows the torching of a dozen vehicles and a part of a clinic during unrest in Nyanga and Phillipi this week. The protests […]

With a strike by pilots at Lufthansa today (Friday 2 September), hundreds of the German airline’s flights have been cancelled affecting an estimated 130,000 passengers, including those from South Africa. Passenger Liane Dickson was due to fly to Amsterdam from Johannesburg via Frankfurt, but the second leg of her flight was cancelled before she left […]

This blog post will discuss some of the most important concepts regarding Forex trading. We will cover topics such as what Forex is, how to trade Forex and the different strategies that can be used. If you are new to Forex trading or have some experience but want to learn more, this blog post is […]

An Alberton mom has won a significant court battle against her medical aid scheme forcing it to pay for an expensive drug that her three-year-old son needs to treat a rare inherited genetic disorder. A mother desperate to save her son has secured an interim order forcing Medihelp Medical Scheme to pay for an expensive […]

The National Prosecuting Authority’s (NPA) Asset Forfeiture Unit (AFU) has seized some R75 million worth of assets from police officials allegedly involved in the controversial R191 million SA Police Service blue lights tender. The case relates to the allegedly fraudulent tender awarded to Instrumentation Traffic Law Enforcement (Pty) Ltd to fit and supply blue lights […]

Trying to escape the jaws and teeth of 32 dogs when you are a tiny scrub hare, juvenile porcupine or small antelope must be a horrific race for survival, says the Bloemfontein SPCA. The comment comes following the confiscation of 32 Greyhounds, and arrest of nine hunters who were trespassing on a farmer’s land in […]

Hundreds of South Africans protested in Pretoria, Cape Town and other cities around the country on Wednesday, 24 August, against inflation that has soared to a 13-year high, in an action led by trade union group COSATU. Protesters – holding  placards saying, “Stop Taxing Basic Food Items” – sang as they marched through central Pretoria […]

This week Carte Blanche explores the psychological impact of pandemic rules – was the crisis management worth it in the end? South Africa’s top current affairs show meets parents who paid a high price at the peak of the pandemic. (Here’s the most up-to-date Carte Blanche this Sunday line-up.) « Our NICU story is sure to […]

State power utility Eskom has confirmed that Stage 2 load shedding will be implemented from 4pm to midnight on Wednesday and Thursday. Eskom had warned on Tuesday afternoon that load shedding may be extended due to losses in generation capacity at some of its power stations on Tuesday evening. By Wednesday afternoon, the power utility […]

The NLC was overwhelmed with corruption during Thabang Mampane’s tenure as Commissioner. By Raymond Joseph. The Commissioner of the National Lotteries Commission (NLC) has resigned “with immediate effect” just weeks before her term expires at the end of September. This is according to several sources. Thabang Charlotte Mampane served ten years as Commissioner — effectively […]

Why are we here? Are we alone? How did it all begin? Last Christmas the James Webb Space Telescope was launched into space on a 10-year mission to help find those answers. The size of a school bus, Webb is the successor to the legendary Hubble Space Telescope. Six times larger and a hundred times […]

The word ‘load-shedding’ is going global! As mentioned on SAPeople’s Podcast this week, the UK is bracing itself for possible power cuts in January. The BBC even went so far as to interview an expert on what exactly load-shedding means! Watch below. The government is currently testing the system. There is a chance that if […]

Home Affairs Minister, Dr Aaron Motsoaledi, on Thursday announced that his department is set to recruit 10 000 unemployed young graduates for the digitisation of its civic paper records. The digitisation of civic services records was announced by President Cyril Ramaphosa during the State of the Nation Address (SONA) on 10 February 2022. Addressing media […]

KwaZulu-Natal Premier-elect, Nomusa Dube-Ncube, has been sworn in as KwaZulu-Natal’s first female Premier during a special sitting of the Legislature held on Wednesday. Dube-Ncube, who was the MEC responsible for Finance portfolio, replaces Sihle Zikalala, who resigned last week as provincial Premier. Speaking at the swearing-in ceremony, Dube-Ncube assured that the office of the Premier […]