South African President Ramaphosa says South African Airways in talks

South African Airways in Talks with Potential Private Partners, Says Ramaphosa

By Reuters 14-10-19 14:57

LONDON – South Africa’s embattled state-owned airline is open to outside investment and in talks with a number of potential partners, President Cyril Ramaphosa said on Monday. South Africa’s economy has come under ever growing pressure as the government grapples with lacklustre growth, high unemployment and a heavy debt burden, especially from state-owned enterprises such […]

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Lord Mayor of London Leads Financial Team to South Africa

By Ted Botha 14-10-19 09:57

LONDON – The Lord Mayor of London Peter Estlin will arrive in Johannesburg tomorrow for meetings with investment partners and the Johannesburg Stock Exchange, kicking off a 5-day trip in South Africa and Kenya, the City of London said in a statement today. “The UK Government is seeking to become Africa’s biggest G7 investor, and […]

president ramaphosa in london

President Ramaphosa Arrives in London for Financial Times Africa Summit

By SAPeople 14-10-19 00:09

President Cyril Ramaphosa arrived on Sunday in London, United Kingdom, for a two-day working visit. The President will deliver the opening address at the 6th Financial Times Africa Summit on Monday, 14 October 2019. The summit is being held at Claridge’s in London. On the sidelines of the summit, President Ramaphosa is expected to engage […]

Dozens of Eastern Cape School Upgrades Abandoned

By SAPeople Contributor 12-10-19 00:53

Lack of accountability leads to wasteful expenditure and mismanagement, says activist. Contractors have abandoned more than 50 major school upgrade projects in the Eastern Cape after government departments failed to pay them on time. Many of these schools have been stripped of valuable materials and vandalised after being abandoned. One example is Makhanda’s Grahamstown Primary […]

Corruption Charges Laid After R176 Million ‘Squandered’ in Land Transactions

By SAPeople Contributor 08-10-19 11:33

On Monday charges were laid at the South African Police Service (SAPS) by AfriForum against the Tshwane Metro, Proco Management, Linked Thoughts Consulting and Faragamo Trading. The civil rights organisation said this follows Proco Management, Linked Thoughts Consulting and Faragamo Trading acting as go-between when three farms were sold to the Metro at prices significantly […]

More and More South Africans are Emigrating to Mauritius

By Tax Consulting SA 09-10-19 13:00

The number of South Africans leaving the country on a permanent basis has increased “exponentially” and many are opting for the island life in Mauritius, not only for its beauty but certainly for greater financial and tax security. “The island seemingly offers a more stable political and financial climate, and its geographic location and affiliation […]

SABC South African Broadcasting Corporation

South African Broadcasting Corporation (SABC) to Receive R2.1-Billion Bailout

By SAPeople 06-10-19 22:11

The South African Broadcasting Corporation (SABC) is set to receive a cash injection of R2.1 billion to help stabilise the public broadcaster. Communications and Digital Technologies Minister Stella Ndabeni-Abrahams made the announcement at a media briefing on Friday. Ndabeni-Abrahams said of the eight preconditions set for the funding allocation by National Treasury, the public broadcaster […]

Denel company logo is seen at the entrance of their business divisions in Pretoria

South African Defence Group Denel Reports R1.9-Billion Loss

By Reuters 06-10-19 22:11

JOHANNESBURG – South Africa’s struggling state-owned defence company, which had to be bailed out by the government last August, suffered an operating loss of R1.9 billion rand ($125 million) for the year to March 31, it said on Friday. Denel, which makes military kit for the South African armed forces and clients in Africa, the […]

Britain’s Prince Harry to Visit Malawi Health Centre

By Reuters 01-10-19 13:03

Britain’s Prince Harry will on Tuesday visit a health centre in Malawi before leaving later in the day to join his family in Johannesburg, South Africa. Harry, his wife, Meghan, and their four-month-old son, Archie, have been in the region on their first official overseas tour, which has seen the Duke of Sussex visit four countries. Malawi […]

South African President Cyril Ramaphosa delivers his State of the Nation Address at parliament in Cape Town

South Africa to Finalise Growth Strategy “Within Next Few Weeks” Says Ramaphosa

By Reuters 30-09-19 13:04

JOHANNESBURG – The South African government will finalise a clear economic growth strategy within the next few weeks, President Cyril Ramaphosa said on Monday, as the country aims to boost confidence in an economy facing lower growth and job cuts. Investor confidence in Africa’s most industrialised economy is fragile, with the economic growth outlook clouded […]

Carte Blanche: “We Won’t Back Down!” Plus South African Rodeo

By SAPeople Contributor 28-09-19 12:48

In Sunday’s special 90-minute extended broadcast Carte Blanche revisits several stories of corruption and dodgy deals from the last year to find out if revealing their truth has brought any change, and if not, why not? Interspersed between fresh investigations and gritty confrontations, South Africa’s popular current affairs show includes several follow-up inserts this week. […]

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Local and Foreign Economists on New Council to Ignite South African Economy

By Ted Botha 28-09-19 08:44

An economic advisory council of 18 specialists from numerous fields and from around the world has been appointed by President Cyril Ramaphosa to help facilitate the development and implementation of economic policies that are intended to spur growth. They will start work on 1 October. The Presidential Economic Advisory Council, which Ramaphosa referred to in […]

Good and Bad Ideas for Reducing Violence in South Africa

By SAPeople Contributor 27-09-19 11:44

We were making progress until 2011. So what happened? Uyinene Mrwetyana’s murder set off a wave of protests across the country. The release of the latest crime statistics confirmed perceptions: South Africa is becoming more violent; the number of murders has increased every year since 2012. When it comes to crime stats, murder is a […]

blue diamond found botswana

Rare Blue Diamonds Discovered in South Africa and Botswana Mines

By Reuters 26-09-19 18:57

A rare blue diamond has been discovered in a mine in Botswana, just days after one was found in South Africa, it was announced Thursday. Canadian miner Lucara Diamond Corp said it recovered a 9.74 carat blue gem diamond from its Karowe mine in Botswana (which is a fifth the size of the famous Hope […]

peugeot south africa compact 108

Peugeot Relaunches Brand in South Africa with Two New Cars

By Ted Botha 25-09-19 09:03

In what amounted to a relaunch of the Peugeot brand in South Africa, the company introduced the market to two new models, a hatchback and an SUV, with the promise of more launches. At an event last week, reported almost exclusively in the car media, managing director of Peugeot Citroen South Africa, Xavier Gobille, was […]

dollars reuters currency exhcange

South Africa Raises $5 Billion on World Bond Market After High Demand

By Ted Botha 25-09-19 08:26

The South African Treasury has raised $5 billion from the sale of two new bonds in international markets, with strong demand beforehand allowing it to pre-fund $1 billion more than originally planned, it said on Tuesday. “The South African government sees the success of the transaction, believed to be the largest ever out of Sub-Saharan […]

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