Russia's President Putin attends the International Cybersecurity Congress in Moscow

Putin to Take Part in BRICS Summit in South Africa – Kremlin

By SAPeople Contributor 13-07-18 17:12

MOSCOW (Reuters) – Russian President Vladimir Putin plans to visit South Africa for a summit of BRICS countries on July 26-27, Kremlin foreign policy aide Yuri Ushakov said on Friday. The BRICS group of emerging economies comprises Brazil, Russia, India, China and South Africa. (Reporting by Denis Pinchuk; Writing by Maria Tsvetkova; editing by David Stamp)

Saudi Arabia Pledges $10-Billion to South Africa During Ramaphosa’s Visit

By Jenni Baxter 13-07-18 10:11

President Cyril Ramaphosa’s  state visit to the Kingdom of Saudi Arabia kicked off on Thursday to great success – the Kingdom pledged $10-billion in new investment in South Africa… and King Salman bin Abdulaziz Al Saud bestowed the Order of King Abdulaziz upon Ramaphosa, the highest honour by the Kingdom. According to The Presidency, the […]

South Africa’s Ramaphosa Embarks on Eskom Overhaul

By SAPeople Contributor 12-07-18 22:55

JOHANNESBURG (Reuters) – A month after Cyril Ramaphosa took the helm of South Africa‘s ruling African National Congress (ANC) in December, he called an urgent meeting with then-President Jacob Zuma and senior ministers to save state power firm Eskom. Ramaphosa understood sweeping changes were needed at the struggling utility company. He persuaded Zuma to replace Eskom’s board and […]

Old Mutual Appoints Deloitte as Joint Auditor in a Blow to Scandal-Hit KPMG

By SAPeople Contributor 12-07-18 22:50

JOHANNESBURG (Reuters) – South African insurer Old Mutual has appointed Deloitte as joint auditor alongside scandal-hit KPMG, it said on Thursday, an unusual move reflecting what it said were unresolved challenges related to its sole auditor for nearly two decades. KPMG’s South African unit is battling to restore its reputation after becoming entangled in a corruption scandal involving the […]

Barclays Africa Returns to its South African Roots with Absa Rebranding

By Reuters 11-07-18 14:38

JOHANNESBURG – Barclays Africa changed its name back to Absa on Wednesday, in a rebranding aimed at underlining its South African roots as Britain’s Barclays gradually retreats from the continent. The name change comes almost a year after Barclays sold most of its controlling stake in Absa, South Africa’s third-largest lender, ending more than a […]

duduzane zuma

South Africa Releases Zuma’s Son Duduzane on Bail in Corruption Case

By SAPeople Contributor 09-07-18 13:34

JOHANNESBURG (Reuters) – Duduzane Zuma, son of former South African president Jacob Zuma, was released on bail on Monday after appearing in court in leg irons on corruption charges, the most high profile figure to be prosecuted so far in investigations into graft under his father. Johannesburg’s Specialised Commercial Crime Court ordered Duduzane Zuma, who […]

Minister Gwede Mantashe Extends Mining Charter Draft Deadline to August

By Wendy Mothata 09-07-18 11:20

South African Mineral Resources Minister, Gwede Mantashe has officially postponed the finalisation of the new mining charter which will detail requirements for several targets, including black ownership levels. Mantashe has extended the deadline by a month at the request of stakeholders, now allowing for the period of public comments up to the end of August. […]

South African general fuel levy

ANC Condemns the Increasing Price of Fuel

By SAPeople Contributor 06-07-18 16:26

The South African National Congress (ANC) has again called for government to manage the fuel price increases  which impact South Africa’s economy. The ruling party said that the weakening rand is also a contributing factor to the escalating price of the fuel. In a statement yesterday the ANC said it noted with “deep concern the […]

South Africa’s Ramaphosa to Meet Zulu King, Tribal Leaders on Land Issue

By Wendy Mothata 06-07-18 14:58

South African President Cyril Ramaphosa confirmed on Friday morning that he will be meeting with Kwa-Zulu Natal (KZN) King Goodwill Zwelithini over the weekend. Speaking at a BRICS breakfast meeting on Friday morning, Ramaphosa also affirmed that SA’s land redistribution drive will not affect communal lands controlled by tribal chiefs, and that the government has […]

New Nelson Mandela Bank Notes to Hit South Africa Next Week

By Wendy Mothata 05-07-18 09:17

The South African Reserve Bank has announced a new series of banknotes and R5 coin designed to celebrate milestones of the former first black president of South Africa, Nelson Mandela’s life. The new notes and coin will srart circulation next week Friday, 13 July. “Every commemorative banknote and the R5 circulation coin tell a story […]

Judge Robert Nugent Dismisses Tom Moyane’s Submissions

By Wendy Mothata 02-07-18 18:16

Retired South African Judge Robert Nugent has dismissed all the submissions made by Advocate Dali Mpofu, requesting the SARS inquiry be suspended, pending the completion of former SARS Commissioner Tom Moyane’s disciplinary hearing. Nugent said “all the rulings and relief sought by Mr Moyane are refused”. This means Moyane has failed to make the SARS […]

South African Manufacturing Activity Weakens Again in June

By SAPeople Contributor 02-07-18 16:53

JOHANNESBURG (Reuters) – A closely watched survey of South African manufacturers showed a further decline in business activity in June, pointing to lingering weakness in Africa’s most industrialised economy. South Africa’s new President Cyril Ramaphosa is trying to reverse a decade of economic stagnation under his predecessor, Jacob Zuma. But recent economic data, including first […]

South African Rand coins are seen in this photo illustration

South Africa’s Rand Steadies After Slipping to 7-Month Low

By SAPeople Contributor 28-06-18 23:46

JOHANNESBURG (Reuters) – South Africa’s rand steadied early on Thursday after slipping to a seven-month low the previous day amid broad-based dollar gains. At 0625 GMT, the rand traded at 13.8625 per dollar, not far off its New York close of 13.8550 on Wednesday. The rand slipped to 13.9375 on Wednesday, its weakest since Nov. […]

South Africa’s Eskom Raises Wage Offer to Unions – NUMSA

By SAPeople Contributor 28-06-18 23:28

JOHANNESBURG (Reuters) – South Africa’s state power utility Eskom has raised its wage increase offer for this year to 6.2 percent from 4.7 percent previously, the National Union of Metalworkers of South Africa (NUMSA) said on Thursday. NUMSA said in a statement that three unions negotiating with Eskom were demanding a 9 percent increase in […]

Wikipedia Calls for South Africans to Boost Content from Africa

By SAPeople Contributor 28-06-18 10:46

Wikipedia mania is about to hit South Africa… in the form of the first Wikimania conference to be held in sub-Saharan Africa – in Cape Town from 18-22 July. And the key focus will be to increase regional contribution to the world’s largest free, collaboratively-built online encyclopedia. According to Wikimedia SA President, Douglas Scott, there […]

South African Tycoon Christo Wiese Cuts Shoprite Stake After Steinhoff Hit

By SAPeople 27-06-18 12:39

JOHANNESBURG (Reuters) – South African tycoon Christo Wiese sold part of his stake in grocer Shoprite on Wednesday, raising R3.6-billion ($264 million) and shoring up his finances, which were dented by his exposure to scandal-hit Steinhoff. Nearly $15 billion has been wiped off Steinhoff shares over the last six months after the owner of Mattress […]

Eight Protesters Injured at Glencore’s South African Smelter

By SAPeople Contributor 26-06-18 19:44

JOHANNESBURG (Reuters) – Glencore said on Tuesday that eight people were injured at its South African smelting operations in the North West province during a protest. Glencore said a security company at its Wonderkop Smelter fired rubber bullets to disperse the protestors, who were demanding employment, resulting in eight people sustaining minor injuries. (Reporting by […]

Yet Another Miner Dies at Sibanye Stillwater Mine, South Africa

By Wendy Mothata 26-06-18 16:35

Sibanye-Stillwater mine has confirmed on Tuesday yet another death of a miner, at its Khomanani mine,  Driefontein operation in the west of Johannesburg, South Africa. The company says that according to preliminary investigations one of the miners entered a scraper path and was caught by the scraper. “This is another sad incident and all efforts […]

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