NEW YORK (Reuters) – Three former Credit Suisse Group AG bankers were arrested in London on Thursday on U.S. charges that they took part in a fraud scheme involving $2 billion in loans to state-owned companies in Mozambique, a spokesman for U.S. prosecutors said. Andrew Pearse, 49; Surjan Singh, 44; and Detelina Subeva, 37 were […]

The Department of Home Affairs has announced that several of its offices across the country will operate from 7am to 7pm shift from 2 to 11 January 2019 to ensure clients are not turned away from offices during this busy period. Home Affairs normal shifts are from 8am to 3.30pm during the week. In a […]

The South African Reserve Bank (SARB) has confirmed the resignation of Deputy Governor Francois Groepe. Groepe tendered his resignation during December to pursue “outside opportunities”, the central bank said on Wednesday. His resignation is effective from 31 January. “The SARB wishes to thank Deputy Governor Groepe for his 14 years of service, seven served as […]

JOHANNESBURG – South Africa’s rand weakened more than one percent on Wednesday as weak Chinese manufacturing data offset hopes that a trade war between China and the United States was ending. Stocks saw their largest single-day drop since August, as risk aversion globally weighed on the local market. At 1502 GMT, the rand was 0.71 […]

A couple of months ago, as I flew along the Overberg coast I could not fail to notice a fair amount of what I suspect to be poaching activity… writes marine conservation photographer Jean Tresfon. I counted six inflatable boats, all carrying multiple divers, spare cylinders and sackfuls of what looks suspiciously like abalone. Also […]

Motorists will usher in the New Year with a little more in their pockets thanks to news today that the petrol price is set to come down in January. The Department of Energy on Friday announced that both grades of petrol 93 (ULP and LRP) and 95 (ULP and LRP) will decrease by R1.22 and R1.23 […]

Siphon suction pumps will be used to further lower the Middle Lake Dam level in Benoni after part of the dam caved in earlier this week. Local, provincial and national government worked together to establish the operation to avert the possible loss of lives and serious damage to infrastructure following the caving in of a […]

JOHANNESBURG – South African power utility Eskom will reduce its executive management to 10 from 21, it said in an internal memo seen by Reuters, part of the cash-strapped company’s efforts to reduce its wage bill. “It is crucial that we set ourselves up for the future, and I believe that the steps we’ve take […]

Coming up on South Africa’s favourite current affairs show Carte Blanche on Sunday 23 Dec in South Africa, it’s a feel-good episode filled with success stories – all available to stream from Tues 25 Dec for South Africans abroad. (14-day Free Trial): I’m Possible He continues to astound doctors and his loved ones. Grant Lottering, the ultra-endurance […]

A consortium of local and international investors have reportedly proposed a R21-billion private loan to South African Airways (SAA)… on condition that the consortium receives a 51% equity share in South Africa’s national carrier (which would effectively mean the government – which has in recent years mismanaged the airline – would have to hand over […]

JOHANNESBURG – South Africa on Thursday appointed a new chief executive officer to state-run arms firm Denel as the government tries to turnaround the cash-strapped company plagued by years of mismanagement. Daniel Du Toit is expected to take up the role in January, a joint statement by the ministry of public enterprises and Denel’s Board […]

PRETORIA – The International Monetary Fund (IMF) has not received any request from South Africa for a financial aid programme, its managing director Christine Lagarde said on Wednesday, as the country struggles with weak economic growth and rising debt. “I am not here to discuss any kind of financial support or to negotiate any kind […]

JOHANNESBURG – South Africa‘s Competition Commission on Thursday recommended Shoprite’s retail unit, which houses the country’s biggest supermarket chain, be fined 10 percent of its turnover for anti-competitive behaviour. Shoprite shares fell more than 4 percent after the commission referred it to the country’s Competition Tribunal, which will ultimately decide if the commission’s charges and […]

Today is Day 20 of the Khoisan6’s peaceful protest at the Union Buildings in Pretoria, South Africa… writes concerned Tshwane resident, Lisa Marcelle Hold. Last night they went hungry and are in desperate need of food and fresh water. Conditions over the past week have been horrendous with unbearable weather – either searing heat or torrential rain […]

Turkish Airlines is now flying twice a week between the Zambian capital Lusaka and Istanbul, via Dar es Salaam. The new route was launched on 14 December 2018 and it makes Lusaka the 306th destination serviced globally by Turkish Airlines – more than any other airline. Turkish Airlines’ Senior Vice President of Sales Kerem Sarp […]

Almost everyday, hundreds of homeless people gather at the Service Dining Rooms for a warm cooked meal and cooldrink. Situated in Cape Town’s city centre, this charity has been feeding people in need for over 80 years. On Thursday, the organisation held its annual Christmas Party. where meals were prepared for over 400 people. The […]

JOHANNESBURG – South Africa’s rand traded slightly stronger early Tuesday, helped by a fragile dollar as markets counted down to a crucial U.S. Federal Reserve meeting amid speculation it will soon hit the pause button to its monetary tightening cycle. At 0645 GMT, the rand traded at 14.3500 versus the dollar, 0.3 percent stronger than […]

JOHANNESBURG – South African Airways (SAA) said on Tuesday that it had signed a partnership deal with Emirates airline which would see the two firms expand an existing codeshare agreement and work on other areas of cooperation. South African President Cyril Ramaphosa has been at pains to stabilise struggling state-run firms like SAA, which has […]

JOHANNESBURG – South African retailer Edcon – owner of well known outlets like Edgars, CNA and Jet – has asked shopping mall owners to give it a two-year 41 percent reduction in rent… in exchange for a small stake in the company, as it battles to survive, according to a Sunday Times report. Citing a […]

South Africa’s famous Sun City was hit by a major hail storm on Saturday that resulted in extensive damage, and several grumpy hotel guests who didn’t feel the hotel was well equipped to handle the storm. Sun City confirmed in an official statement Saturday evening: A hail storm hit the North West region of the […]

Here’s what’s coming up on South Africa’s favourite current affairs show Carte Blanche on Sunday 16 Dec in South Africa. If you’re a South African living abroad – subscribe to Showmax to watch from Tues 18 Dec, and don’t miss out on the 14-day Free Trial. The State of the Nation 2018 In February Cyril Ramaphosa became […]

A South African High Court has passed an important judgment putting a stop to the pervasive practice by companies to mine ancestral lands in rural areas without the villagers’ consent. The case was brought by the community of rural UMgungundlovu, a small cluster of villages that fall under the Amadiba traditional authority on the largely […]

JOHANNESBURG – A debt swap for cash-strapped state power company Eskom would spiral the country into more debt, South Africa’s President Cyril Ramaphosa said on Thursday, adding there was need to look at other options to shore up the company’s balance sheet. Eskom, which has had to implement power cuts due to coal shortages and […]

PRETORIA – Andre Kruger’s stand at Africa’s first ever cannabis exposition displayed an indoor growing tent, complete with state-of-the-art lighting imported from the United States and fittings for a high-tech hydroponic irrigation system. What it didn’t have, however, was a cannabis plant. The four-day expo, which opened in South Africa’s capital Pretoria on Thursday, was […]

Christmas seems to be coming early for South Africans with a drop in petrol prices, today’s ruling that Jacob Zuma must pay for his own legal fees and news from Eskom that it’s unlikely to implement power cuts again until mid-January next year. This is thanks to electricity demands easing over the Christmas and New Year […]