Iconic South African Artist and Designer Carrol Boyes Passes Away at 65

By Jenni Baxter 15-08-19 20:11

South Africa’s iconic artist and designer Carrol Boyes passed away last night, after a brief illness, her company said in a statement on Thursday. Tributes have poured in from South Africans around the country, and world. Gauteng publicist Georg Knoke said: “Such sad news! RIP Caroll Boyes! Apart from being one of the most admired […]

President Ramaphosa Asks Public Protector for Reasons Why He Shouldn't Suspend Her

South Africa’s Public Protector Hit with Second Punitive Costs Order

By Reuters 15-08-19 19:31

A South Africa court on Thursday awarded a second punitive costs order against the country’s top anti-corruption official, Public Protector Busisiwe Mkhwebane, after finding an investigation conducted by her office showed “gross negligence”. Pretoria High Court Judge Ronel Tolmay ordered the Public Protector’s office to pay 85% of the costs of the Democratic Alliance and the Council for […]

South African Rand and Shares Bounce from Sharp Losses

By Reuters 15-08-19 11:34

The South African rand firmed early on Thursday, pulling back from a slide to its lowest in nearly 11 months as investors digested signs of global economic recession and looked to buy the currency at cheaper rates in anticipation of sharper falls. The rand was up almost 1% at 15.2250 against the U.S. dollar after a low of […]

South Africa Puts Initial Universal Healthcare Cost at $17 Billion

By Reuters 09-08-19 11:57

South Africa published its draft National Health Insurance (NHI) bill on Thursday, with one senior official estimating universal healthcare for millions of poorer citizens would cost about 256 billion rand ($16.89 billion) to implement by 2022. The bill creating an NHI Fund paves the way for a comprehensive overhaul of South Africa‘s health system that would be one of […]

EXCLUSIVE: Family Welcomes Granting of Leave to Appeal for Coligny Two

By Jenni Baxter 27-11-20 13:36

The two men convicted of murder in the Coligny sunflower case, Pieter Doorewaard and Phillip Schutte, have been granted special leave to appeal directly to the Court of Appeals in Bloemfontein. UPDATE 27 Nov 2020: Coligny 2, Pieter Doorewaard and Phillip Schutte acquitted on all charges. The father of one of the men broke the […]

eskom loadshedding

Moody’s: South Africa’s Eskom Urgently Needs Turnaround Plan

By Reuters 06-08-19 20:52

JOHANNESBURG – South Africa’s state power utility Eskom urgently needs a turnaround plan as its capital structure is unsustainable, credit ratings agency Moody’s said on Tuesday in a report which sent the rand to a two-month low. A week ago Eskom reported a mammoth R20.7 billion ($1.39 billion) annual loss, and its outgoing chief executive […]

Minister Condemns Attack on South African Police in Joburg CBD

By SAPeople Contributor 06-08-19 15:02

Small Business Development Minister Khumbudzo Ntshavheni has condemned the attack on law enforcement agencies in Johannesburg, describing it as an attack on the State, which cannot be accepted. “What happened [last] Thursday when law enforcement agencies were attacked with stones by street traders and hawkers, is not acceptable. Any attack on law enforcement agencies… cannot […]

Nedbank Demands Govt Urgently Fix South Africa’s Economy as Profit Stagnates

By Reuters 06-08-19 12:41

JOHANNESBURG – Nedbank called for more urgent government action to fix South Africa’s struggling economy on Tuesday after first-half earnings at its main domestic operations flatlined. More of Nedbank’s corporate and retail clients defaulted on their debts or swerved riskier investments due to a tough economic environment as unemployment rose to an 11-year high and […]

A Unique Picture of Migration Patterns in South Africa Can Help Urban Planning

By Guest Contributor 05-08-19 10:57

Economic disparities, inequality and unemployment, particularly among young people, remain pervasive in South Africa. Lack of access to services and inadequate living conditions also affect people’s quality of life, health and well-being. Urban living holds the promise of improved conditions. But many people relocating to South Africa’s metropolitan areas have to contend with a host […]

Petrol Price to Rise by 11 Cents for South Africans

By SAPeople Contributor 05-08-19 10:44

Cash strapped South African consumers will have to fork out more at the pumps as the petrol price is set to increase by 11 cents on Wednesday. South Africa‘s Minister of Mineral Resources and Energy Gwede Mantashe announced that a litre of 93 and 95 (ULP and LRP) will rise by 11 cents. The price […]

South African Revenue Service (SARS) Suspends 3 Executives

By SAPeople Contributor 01-08-19 11:02

The South African Revenue Service (SARS) has suspended three senior executives who face disciplinary action over serious misconduct allegations. The executives are: Hlengani Mathebula, Chief Officer: Governance, International Relations, Strategy and Communications. Teboho Mokoena, Chief Officer: Human Capital and Development. Luther Lebelo, Group Executive: Employee Relations. In a brief statement issued on Wednesday, SARS said […]

Making the Most Out of a Volatile Rand

By Guest Contributor 01-08-19 10:14

Back in February 2019, the Rand was – once again – crowned the world’s most volatile currency. It’s not a title desired by most South Africans, of course, but it is sometimes a reality of an emerging economy that the currency will be volatile, especially when the President of the United States can send a […]

Geneva

JSE CEO Nicky Newton-King Retires After 8 Years

By Jenni Baxter 31-07-19 09:27

JOHANNESBURG – Nicky Newton-King, Chief Executive Officer of the Johannesburg Stock Exchange (JSE), has announced her retirement after eight years at the helm of Africa’s biggest securities exchange, the JSE said on Tuesday. Chairman Nonkululeko Nyembezi said in a statement: “During 2018 Nicky indicated to the board a desire to step down, both for reasons of […]

eskom makes profit 2019

Eskom’s Annual Loss Widens to Over R20-Billion, But Clean-Up in Motion

By SAPeople 30-07-19 17:15

JOHANNESBURG – South African power utility Eskom announced on Tuesday that its annual loss has widened to R20.7-billion ($1.46-billion) in the 2018/19 financial year… a massive increase from the already discouraging R2.3-billion in the previous year. Eskom Chairman Jabu Mabuza said: “Today Eskom releases results that, while expected, are unfavourable. The organisation disappointingly incurred a […]

Acting CEO Jabu Mabuza Appointed at South Africa’s Eskom

By Jenni Baxter 29-07-19 21:19

South African Public Enterprises Minister Pravin Gordhan announced on Monday that Jabu Mabuza has been appointed as acting group chief executive officer (GCEO) of Eskom following a board meeting earlier today. Gordhan said in a statement: I have informed the Eskom annual general meeting this afternoon of my decision to appoint Mr Jabu Mabuza as […]

South African Land Reform Panel Recommends Seizures Without Pay in CERTAIN Circumstances

By Jenni Baxter 28-07-19 22:24

JOHANNESBURG – The Presidential Advisory Panel on Land Reform and Agriculture has proposed amending the South African Constitution to allow the government to seize land without compensation… but only in limited circumstances. The recommendations in the final report were released Sunday by Agriculture, Land Reform and Rural Development Minister Thoko Didiza, and members of the […]

Moody’s says New Eskom Support Credit Negative for South Africa

By Reuters 25-07-19 19:31

Rating agency Moody’s said the South African government’s proposal to provide additional financial support to struggling state-run power firm Eskom was “credit negative” for the sovereign as it was a further drain on fiscal resources. Eskom, which supplies more than 90% of South Africa‘s power but had to implement power cuts earlier this year, is grappling with high debt […]

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