The Board of the South African Institute of Chartered Accountants’ (SAICA) says it has noted the statement issued by Khaya Sithole, which makes mention of allegations against SAICA’s acting CEO and executive team.  The SAICA Board said it distances itself from all the allegations and wishes to reiterate its support for its whole leadership team. […]

JOHANNESBURG (Reuters) – South Africa‘s government is considering layoffs and early retirement packages for staff in the public sector to avoid breaking its pledge to cut spending after unions clinched above-inflation wage increases, the Treasury said on Friday. Under a deal reached in May, the government will raise salaries of public sector employees, including teachers, police, and […]

The South African National Union of Metalworkers (NUMSA) and other unions have met with Eskom on Thursday, but the wage increase dispute – which has resulted in load-shedding in SA – has not yet been resolved. The Eskom employees have reduced their wage increase demand to 9 percent. Eskom had initially offered the workers a […]

Health Minister Dr Aaron Motsoaledi claimed today that the Medical Schemes Amendment Bill and the National Health Insurance (NHI) Amendment Bill will introduce measures that will lift a financial burden from beneficiaries who are subjected to high healthcare costs. However the DA says no amount of spin will make NHI a success. After Dr Motsoaledi […]

PRETORIA (Reuters) – South Africa‘s current account deficit widened more than expected in the first quarter to register its largest shortfall in two years as the trade balance swung to a deficit after a steep decline in exports, the central bank said on Thursday. Investor sentiment in South Africa picked up after President Cyril Ramaphosa pledged to clean up poor […]

NELSPRUIT, South Africa (Reuters) – Whether you like to squash it onto your toast in the morning, millennial-style (or South African-style!), eat it to cut your cholesterol with healthy unsaturated oil, or moisturize your face with it – if you live in the West, you’re probably rarely far from an avocado. Ever since Britain’s ‘Domestic […]

While South Africa’s Mother City, Cape Town, has seen an increase in dam levels, the city says it is too early to let up on water savings. As of Monday, Cape Town’s collective water usage over the past week was 520 million litres of water per day. Dam levels have again increased solidly by 6.3% […]

It’s time to bust the myths that surround your retirement savings, as a South African expat. Let’s look at what you can do if you’d like to cash in your RA abroad. When it comes to exchange control and tax law, things can get confusing quickly. Especially when these laws change. That’s why we thought […]

JOHANNESBURG (Reuters) – South African insurer Liberty Holdings said on Sunday it had become the victim of a cyber attack after an external party claimed to have seized data from the firm and demanded payment. (Updated Monday 18 June 2018, 09h30.) Liberty, in which Standard Bank has a 53 percent stake, was alerted of the […]

South African Mineral Resources Minister, Gwede Mantashe says a report on safety issues at Sibanye-Stillwater Gold mines is being put together. Mantashe was briefing the media in Pretoria on Sunday, about the Drafting of the Mining Charter. The charter is set to be released this week on Friday. The minister also touched on Sibanye-Stillwater mine […]

Now that Cyril Ramaphosa has served as South Africa’s president for more than three months, many pundits and ordinary citizens are assessing his performance. Some have argued that he’s doing a great job others are less impressed. Whatever one’s view, perhaps the most important element to take into consideration when assessing Ramaphosa’s work so far […]

The South African Government is taking the latest dangerous trend for cash-in-transit (CIT) heists seriously, with a meeting today in Parliament to examine the measures in place aimed at dealing with this violent crime which has seen an upsurge in recent month. Yesterday, security van crews across the nation held a protest, demanding more support […]

The South African Mineral Minister, Gwede Mantashe says the deaths of four mine workers at Sibanye Stillwater’s Kloof Ikamva shaft shows signs of reckless act. Gwede visited the mine on Tuesday. He said that Sibanye-Stillwater mine should be held accountable for the death of four mineworkers on Monday. The miners succumbed to heat and gas […]

Need access to funds left behind in South Africa now that you’re living abroad? Here’s how to smooth out the process of financial emigration. Saving normally requires you to leave your money untouched, right? While this is usually the case when saving for retirement, the exception to this rule comes into play for South Africans […]

The South African Sibanye-Stillwater mine has Tuesday morning confirmed the death of a fourth miner. One miner is still missing.  The incident took place at the company’s Kloof Ikamva Mine near Westonaria in Johannesburg. Three miners were confirmed dead yesterday. This is after five mine workers were overcome by gas while they were underground. It’s […]

JOHANNESBURG (Reuters) – Six months into the job of running loss-making South African Airways, Vuyani Jarana is mapping out a punishing austerity plan. Jarana, who faces the daunting task of turning the flag carrier around, said layoffs and other cuts were unavoidable as he contends with a draining cost-to-income ratio of 108 percent. “SAA cannot […]

South African Airways’ (SAA) catering arm plans to lay off 118 workers, the National Union of Metalworkers of South Africa (NUMSA) said, as the struggling airline implements a turnaround strategy to restore profitability. NUMSA said it had received notice of the layoffs from the catering arm, called Air Chefs, and said it would oppose the […]

South Africa’s rand firmed in early trade on Monday, recovering some of the losses from last week, as the dollar softened ahead of central bank policy meetings and the U.S.-North Korea summit this week. * At 0637 GMT, the rand traded at 13.0125 per dollar, 0.5percent firmer than its close on Friday. * The rand […]

In a series of tweets Sunday morning, Cooperative Governance and Traditional Affairs Minister, Dr Zweli Mkhize, has “categorically” denied newspaper reports today that he demanded a R4.5-million “kickback” for a deal made by the Public Investment Corporation (PIC). Mkhize described the allegations – which were published by the Sunday Times – as “a ridiculous and malicious […]

Attracting investment to grow the economy, creating jobs and addressing poverty and inequality in South Africa is top of mind as President Cyril Ramaphosa participates in the G7 Leaders’ Summit Outreach in Toronto, Canada. The President arrived in the country on Friday ahead of the two-day session hosted by Canadian Prime Minister Justin Trudeau. “The […]

JOHANNESBURG (Reuters) – Elite South African police unit, the Hawks, raided offices of India’s Bank of Baroda on Friday and seized documents as part of an investigation into state corruption under former president Jacob Zuma, a police spokesman said. Bank of Baroda, which is winding down its operations in South Africa, was thrust into the […]

Former South African President Jacob Zuma, who was ousted by his own party in February, appeared at the Durban High Court on Friday for the second time on corruption charges relating to a $2.5 billion arms deal in the late 1990s. Zuma faces 16 charges of fraud, racketeering and money laundering relating to the deal […]

President Cyril Ramaphosa told congregants at the centenary celebrations of the Afrikanerbond that land needs to be shared in order to reduce poverty and unlock its economic value to benefit all South Africans. The President on Thursday night said the Afrikanerbond should not see the acceleration of land reform as a threat but as an […]

Earthquakes such as the one in which seven miners died last month in South Africa are impossible to predict and a fact of life for deep level operations there, the chief executive of the mine’s owner Sibanye-Stillwater said on Thursday. Precious metals producer Sibanye has been the object of strong criticism from unions, local media […]

A very determined South African Police Minister Bheki Cele addressed the National Press Club on Wednesday in Centurion, Pretoria, regarding the cash-in-transit (CIT) heists that have been taking place at alarming rates in the country. Cele says the police department is ready for a war that was declared by the criminals, specifically those involved in […]