President Cyril Ramaphosa says the South African government is intensifying the implementation of land reform and restitution programmes so that South Africans can leverage land for the betterment of their lives and the growth of the economy. Ramaphosa led a land restitution ceremony on Sunday. He handed over 4 586 hectares of land to the […]

JOHANNESBURG – Steinhoff’s shares fell more than 9 percent on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed. Traders said the retailer’s losses were exacerbated by a Wall Street rout […]

The DA has challenged the EFF to set the record straight and publicly confirm whether or not it has ever received money from VBS Mutual bank to fund its operations.   DA National Spokesperson Solly Malatsi said in a media statement: “The EFF has not been shy in their repeated and public defence of VBS […]

The DA says that President Cyril Ramaphosa must “come clean” and turn himself in before the State Commission of Inquiry. Yesterday Ramaphosa told the nation that for South Africa to move forward “we need to establish the full extent of state capture, identify those responsible for facilitating it, and take decisive steps to prevent it […]

President Cyril Ramaphosa has received a stamp of approval from the South African Post Office – his very own stamp! The President was presented with a commemorative stamp bearing his image by the SA Post Office at Tuynhuis in Cape Town on Tuesday… which happens to be World Post Day. Ramaphosa becomes the fifth Head […]

The Portfolio Committee on Home Affairs is set to resume the investigation into the (questionable) process followed in the naturalisation of the Gupta family. Last week, the committee said it had concluded the initial phase of the inquiry, which included the collection of all relevant information. However, the committee said it had identified gaps which […]

South African President Cyril Ramaphosa has appointed former Governor of the Reserve Bank Tito Mboweni as Finance Minister on Tuesday, replacing Nhlanhla Nene. Ramaphosa made the announcement at Tuynhuis this afternoon, after accepting Nene’s letter of resignation. Quick action was required on the fate of Nene after the Rand suffered its worst fall in six […]

Following Zulu King Goodwill Zwelithini’s announcement that he wants South Africa’s President Cyril Ramaphosa to sign an agreement promising to exclude territories that the monarch controls from the government’s land reform drive, the King has gone a step further and announced a partnership with AfriForum! Lobby group, AfriForum, is also opposed to land expropriation without […]

South African state-owned power firm Eskom does not require government cash injections over the next 12 months, the country’s Public Enterprises Minister Pravin Gordhan said on Monday. Cash-strapped Eskom is critical to South Africa as it supplies more than 90 % of the country’s power… but is also one of its most indebted state firms. […]

South Africa has been voted Africa’s Leading Destination… with Durban named Africa’s Leading City Destination. The announcements were made at a red carpet event at the World Travel Awards (WTA) in Durban on Saturday night. The WTA said that Durban is currently “enjoying a renaissance thanks to a series of landmark development projects”. The KwaZulu-Natal coastal […]

An analysis of the 2017/18 Annual Reports of government departments and selected entities, as tabled in Parliament, has revealed a “shocking level of financial mismanagement and wasted funds”, according to the Democratic Alliance (DA). According to DA Chief Whip John Steenhuisen and DA Shadow Minister of Public Enterprises, Natasha Mazzone, the ANC has racked up […]

Statistics South Africa (Stats SA) will from 15 October start a countrywide Census of Commercial Agriculture. The exercise will see Stats SA deploy about 600 field staff to various commercial farms across the country. The study, according to Stats SA, will establish: the number of farms, their size of farms, crop types being farmed in […]

JOHANNESBURG (Reuters) – South Africa’s Finance Minister Nhlanhla Nene apologised on Friday for visiting the home of the Gupta brothers – friends of scandal-plagued former leader Jacob Zuma – as pressure mounts on one of President Cyril Ramaphosa’s key allies. Nene has become an increasingly divisive figure after testimony he gave at an inquiry into […]

This week’s episode of Carte Blanche investigates some of the hottest current topics in South Africa – fuel hikes, awaiting trial prisoners, police brutality on the East Rand and the next viable source of nutrition… Gourmet Insects! The show is available to South Africans abroad from Tuesday 09th October 2018 – if you subscribe to […]

South African Airways (SAA) has appointed Deon Fredericks as its new interim Chief Financial Officer (CFO). Fredericks’ appointment was announced by South Africa’s national carrier on Thursday. His appointment is effective from 15 October and he is on secondment from Telkom for a 12-month period. “We welcome the appointment of Fredericks to ensure that SAA’s […]

Watch below as South African athlete – and new Discovery ambassador – Caster Semenya is treated to a Discovery “family” welcome (which by the way was a total surprise for her, she thought she was just going for a meeting)… Discovery founder and group chief executive, Adrian Gore, was on site to welcome Caster personally. […]

JOHANNESBURG – South African President Cyril Ramaphosa announced a package of reforms on Thursday which he said would create 275,000 more jobs a year, in a bid to bring down sky-high unemployment and improve his own track record on the economy. Ramaphosa said the measures unveiled today included agreements by top public and private firms […]

JOHANNESBURG – Saudi Arabia is in talks with South Africa’s major arms manufacturers and is considering taking an equity stake in the struggling state-owned defence firm Denel, the head of the Saudi state defence company told Reuters. Saudi Arabian Military Industries’ (SAMI) chief executive Andreas Schwer said he expected to conclude the first partnership deals […]

Cape Town has been voted the top opportunity city in Africa by the World Bank. The bank made its announcement in its “Doing Business in South Africa” report. According to Cape Town Mayor Patricia de Lille, Cape Town’s high ranking for providing electricity elevates it to the top 25 % of worldwide city economies. Apparently […]

JOHANNESBURG – South Africa’s Finance Minister Nhlanhla Nene is due to give evidence on Wednesday at an inquiry into state capture, testimony that could reveal new details about the role of former president Jacob Zuma and his friends, the Guptas. Nene is a pivotal figure in a probe into the three Indian-born Gupta brothers, who […]

JOHANNESBURG – South African energy regulator NERSA on Tuesday gave power utility Eskom the go-head to recover R32.69 billion ($2.25 billion) of costs incurred over the past three years through higher tariffs over a four-year period from 2019 to 2023. Eskom had been hoping to recover the costs in three years. Cash-strapped Eskom, which is […]

WASHINGTON/SAN FRANCISCO (Reuters) – Tesla Inc and Elon Musk have agreed to pay a $20 million fine each to financial regulators, and the South African born and raised billionaire will step down as the company’s chairman… but remain as chief executive, under a settlement that caps a tumultuous two months for the carmaker. The securities […]

NEW YORK/SAN FRANCISCO (Reuters) – The U.S. Securities and Exchange Commission accused the South African expat – and Tesla Inc Chief Executive – Elon Musk on Thursday of fraud, and sought to remove him from his role in charge of the electric car company, saying he made a series of “false and misleading” tweets about […]

The South African government has encouraged all SA travellers to be alert and sensitive to possible security challenges in areas they are working in or visiting outside of South Africa. The announcement came following the confirmation by the government that a South African national has been kidnapped in Burkina Faso. “Government, through the South African […]

JOHANNESBURG (Reuters) – South Africa’s Old Mutual Ltd said on Wednesday its shareholders will get R50 billion ($3.50 billion) from the spin-off of a majority of its stake in Nedbank. Old Mutual holds 52 percent of Nedbank and after the spinoff will hold around 19.9 percent, it said in a statement. (Reporting by Nqobile Dludla, […]