Tanzanian aeroplane seized in compensation case

South African Court Impounds Tanzanian Plane for Farmer Owed Compensation

By Reuters 25-08-19 19:10

DAR ES SALAAM/JOHANNESBURG – South African authorities impounded an Airbus 220-300 aircraft, leased by Tanzania’s national flag carrier, following a court application by a retired farmer who is owed compensation by the Tanzanian government, the farmer’s lawyer said. The plane had been scheduled to fly from the Oliver Tambo International Airport in Johannesburg, South Africa, […]

eskom table mountain western cape

Splitting South Africa’s Eskom Could Take 4 Years

By Reuters 24-08-19 10:22

JOHANNESBURG – The legal separation of South African state power firm Eskom into three business units could take four years in total, the company said in an internal presentation seen by Reuters. South African President Cyril Ramaphosa promised to split Eskom into different units for generation, transmission and distribution earlier this year, as part of […]

South Africa Pledges Fiscal Discipline and Ramaphosa Lists Benefits in Sweeping Health Reform NHI (National Health Insurance)

By SAPeople Contributor 23-08-19 15:30

South Africa’s proposed switch to universal health coverage – known as the National Health Insurance (NHI) program – will be managed in a fiscally responsible way, a senior presidential aide told Reuters, forecasting the landmark reform would cost the state $2.2 billion per year by 2025/26. Meanwhile President Cyril Ramaphosa stressed in the National Assembly […]

Scams South Africa

South African Finance Ministry Warns Against Scammers

By SAPeople Contributor 23-08-19 11:51

The South African Finance Ministry has warned the public against a scam doing the rounds, in which claims are made that Deputy Minister David Masondo will offer people funding for their business. The scammers are on various platforms purporting to be the Deputy Minister. “The Deputy Minister of Finance would like to alert the public […]

South Africa’s Ramaphosa Calls for Discussion on Using Pension Funds for Projects

By Reuters 22-08-19 21:34

CAPE TOWN – South Africa should discuss using worker pension funds to finance development and infrastructure projects, a proposal that has the backing of the country’s largest labour federation, President Cyril Ramaphosa said on Thursday. In its 2019 poll manifesto ahead of the May general election, the African National Congress (ANC) mentioned investigating prescribed assets […]

Moody’s Sees Budget Cuts as Option for South Africa to Absorb Eskom Costs

By Reuters 22-08-19 20:07

JOHANNESBURG – South Africa is likely to absorb extra financial support for the struggling power utility Eskom with new revenue and expenditure measures in the next mid-year budget review, with departmental budget cuts an option, ratings agency Moody’s said on Thursday. “In any event, Moody’s sees the government’s room to maneuver as extremely constrained,” Moody’s […]

Win for African Elephants as Global Wildlife Conference Votes to End Export of Live Wild-Caught African Elephants to Captive Facilities

By SAPeople Contributor 19-08-19 16:51

The first vote at the 18th meeting of the CITES Conference of the Parties has delivered a historic win for African elephants to end the cruel practice of removing live elephants from the wild for export to captive facilities. CITES is the UN Convention on International Trade in Endangered Species. Iris Ho, senior wildlife specialist […]

Walmart Exec to Take Over Massmart in South Africa in September

By Ted Botha 16-08-19 13:08

Mitchell Slape, the new CEO of Massmart, the retailer owned by America’s Walmart that has more than 425 stores throughout Africa, will start work on 1 September, it was reported today. Slape, who has worked with Walmart in Argentina, Japan and Mexico, had been appointed earlier in the year, but he has just received his […]

Vodacom

Vodacom to Invest More than R9-Billion on South Africa Network this Year

By Reuters 16-08-19 11:19

JOHANNESBURG – South African mobile phone operator Vodacom Group will spend more than R9 billion ($589 million) this year on network enhancements particularly in rural areas in its home market, its Chief Technology Officer said on Thursday. Vodacom, majority-owned by Britain’s Vodafone, invested 9.6 billion rand in 2018, Andries Delport said during a media briefing. […]

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 […]

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