Eskom Support Will Weigh on South Africa’s Finances – S & P Global

By Reuters 21-02-19 18:26

South Africa’s support plan for struggling state-owned electricity firm Eskom will put further strain on the country’s finances, rating agency S & P Global said on Thursday, although it should be offset to a degree by easing external pressures. In his maiden budget speech on Wednesday Finance Minister Tito Mboweni outlined a 69 billion rand […]

De Kock Again Holds Proteas 1st Innings Together in Port Elizabeth

By Reuters 21-02-19 19:48

South Africa captain Faf du Plessis won the toss and elected to bat first in the second and final test against Sri Lanka at St George’s Park in Port Elizabeth on Thursday. The home side have handed a debut to all-rounder Wiaan Mulder, 21, who comes in for the injured Vernon Philander in the only […]

SARS Intensifying Revenue Collection Efforts

By SAPeople Contributor 17-12-20 01:33

The South African Revenue Service (SARS) is intensifying its effort to identify and bring to book tax dodgers. This comes after revelation that the revenue collector is launching units aimed at tackling the illicit tobacco industry and big business. The illicit economics unit was launched late last year, while the large business unit is expected […]

Deutsche Bank to Rebuild in South Africa, Months After Cuts

By Reuters 21-02-19 14:59

Deutsche Bank is hiring 26 people in South Africa, a spokesman said on Wednesday, less than a year after scaling back the operation in a broad restructuring of its investment bank. The spokesman said the lender had appointed a new head of corporate finance coverage in South Africa and the remaining hires would mostly be […]

SA Govt’s Women Department Throws its Weight Behind Semenya

By SAPeople Contributor 21-02-19 11:27

The Department of Women has lauded government’s efforts to support South Africa’s star athlete Caster Semenya through her legal challenge of the International Association of Athletics Federation’s ruling. The department said it is appalled at the IAAF ruling, which expects certain athletes to reduce natural testosterone levels through artificial chemical processes. The federation wants women […]

SA Rangers on Lion Search Discover an Eland Carcass

By Jennie Glover 21-02-19 10:39

Tuesday marked the fifth day since a lion escape in the Karoo National Park outside Beaufort West, Western Cape. This is according to Nico van der Walt, Park Manager at Karoo National Park who said the search party consisting of 14 Rangers and about six volunteers from neighbouring farms breathed a sigh of relief late […]

No Host? No Problem. Queen, Lady Gaga Bring Grammys Vibe to Oscars

By Reuters 22-12-20 16:13

There will not be a host and Sunday’s Oscars ceremony will not open with the traditional monologue in which celebrities and politicians are skewered. Yet, with the rock band, Queen, pop superstar Lady Gaga and two musicals in the race for best picture, the highest honours in the movie industry will have an unusually strong […]

2019 Budget Well Received

By SAPeople Contributor 21-02-19 08:48

Ministers have widely welcomed Finance Minister Tito Mboweni’s 2019 Budget, saying he had done well in the largely unstable economic climate. Cooperative Governance and Traditional Affairs (Cogta) Minister Zweli Mkhize said Mboweni had a difficult budget amid rising debt and stunted economic growth. “The Minister has tried everything that can be done. It’s a very […]

WATCH Princess Charlene’s Twins’ First Taste of Africa

By SAPeople 21-02-19 05:59

Princess Charlene of Monaco has shared a video compilation of photos taken on her children’s first safari trip to Africa. The former South African Olympic swimmer posted the video to her Instagram page early this week, with a simple message: “First African Experience.” Movingly, the soundtrack to the video is Johnny Clegg’s ‘Great Heart’. The […]

South Africa Pledges R69-Billion Eskom Bailout as Budget Creaks

By Reuters 20-02-19 19:23

CAPE TOWN – South Africa will bail out state utility Eskom with R69 billion ($4.9 billion) over three years, the centrepiece of a budget on Wednesday that exposed the limited room President Cyril Ramaphosa has to fix the economy ahead of an election in May. Ramaphosa, who is fighting rifts within his own party ahead […]

The Best SA Series to Stream Right Now

By SAPeople Contributor 20-02-19 17:00

Showmax is the home of the best proudly South African content. Here are some of our favourite series that are currently streaming. Dwaalster S1 Take a journey down a long, dusty road to Maanhaarsdrif in the Karoo, a small town packed with fascinating characters. A city girl seeks refuge in her hometown and is soon […]

SA Budget – Stepped Up Infrastructure Programme Aims to Partner With Private Sector

By SAPeople Contributor 20-02-19 16:23

Government’s Infrastructure Fund is set to receive a R100 billion over the next decade as the state steps up its infrastructure programme by partnering with the private sector. “Government is stepping up its infrastructure build programme by partnering with the private sector, development finance institutions and multilateral development banks to create an infrastructure fund,” said […]

SA Budget Speech – Excise Duties on Alcohol and Tobacco to Rise

By SAPeople Contributor 20-02-19 15:50

In the 2019/20 financial year Government will AGAIN increase excise duties on alcohol and tobacco in an effort to raise much-needed revenue for the national fiscus, Finance Minister Tito Mboweni said on Wednesday. According to the National Treasury’s 2019 Budget Review report, the adjustments will lead to an excise burden slightly above the targeted levels. […]

Eskom to get R69 Billion Bail Out Over Next 3 Years – Treasury

By Reuters 20-02-19 15:08

South Africa will inject 23 billion rand ($1.63 billion) a year over the next three years into state power utility Eskom but will NOT take on 100 billion rand of debt as requested by the struggling firm, the national budget showed on Wednesday. The Treasury said the first step in a plan announced by President […]

SA Finance Minister Kicks off Budget Speech: We Can Return to Plum Times

By Jennie Glover 20-02-19 14:39

Tabling a difficult budget that required him to weigh priorities against a need for fiscal consolidation, Finance Minister Tito Mboweni kicked off his speech by saying that by doing things right, the country can return to “plum” times. A part-time farmer himself, Mboweni told the nation on Wednesday afternoon that it is time for the […]

Eskom Rescue Package Focus for South Africa’s Budget

By Reuters 20-02-19 12:34

A rescue package for Eskom, South Africa’s most important state firm, is expected to dominate Finance Minister Tito Mboweni’s budget speech on Wednesday, with the struggling power utility at risk of collapse without a large bailout. Eskom supplies 90 percent of South Africa’s electricity but is drowning in 420 billion rand ($30 billion) of debt […]

South African Designer Thebe Magugu Crowned Winner of the International Fashion Showcase in London

By SAPeople Contributor 20-02-19 12:17

Budding South African designer Thebe Magugu has been crowned the winner of the International Fashion Showcase (IFS) 2019 at London Fashion Week. The judges said Thebe had created a “striking visual impact but with real clarity” and called him “a leader of his generation”. In his winning presentation titled Dawning, Magugu used motifs from Africa’s […]

Calls for Traditional Leaders to Rally Behind SONA Priority Areas

By SAPeople Contributor 20-02-19 11:09

President Cyril Ramaphosa says the government has asked traditional leaders to rally behind government to ensure that the five urgent priority tasks that he announced in his State of the Nation Address, are implemented. The President said this when he addressed the official opening of the National House of Traditional Leaders at the Old Assembly […]

Deon Meyer’s International Award-Winning Jagveld Now Available to Stream

By SAPeople 20-02-19 07:50

South African action thriller, Jagveld, written by acclaimed writer Deon Meyer, is now available for South Africans to easily watch whether in SA or living abroad. Jagveld is now being streamed on Showmax in South Africa, and many countries overseas. The movie won the coveted ‘Best Dramatic Feature Award’ at the 2017 Woods Hole Film Festival […]

WATCH South African Humour As Teacher Yells at Learner in Classroom Video

By Jennie Glover 20-02-19 06:58

Here’s a classroom video, filmed in South Africa, that should go viral – showing a teacher bellowing at one of his learners… but with a twist. Watch below. WATCH South African Teacher Bellows at Learner https://www.facebook.com/RealLiveSA/videos/296041521054553/ One social media user, Charles Madihlaba wrote: “Damn, I love this. This teacher is enjoying his work. At first […]

Chinese ‘Ivory Queen’ Smuggler Sentenced to 15 Years Jail in Tanzania

By Reuters 20-02-19 06:34

DAR ES SALAAM – A prominent Chinese businesswoman dubbed the “Ivory Queen” was sentenced to 15 years in prison by a Tanzanian court on Tuesday for smuggling the tusks of more than 350 elephants, weighing nearly 2 tonnes, to Asia. Yang Feng Glan had been charged in October 2015 along with two Tanzanian men with […]

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