South African Pension Fund Buys Majority Stake in Africa’s Biggest Cattle Firm

By Reuters 24-10-18 13:22

JOHANNESBURG – South Africa’s state pension fund and a local black investment firm have bought a majority stake in Africa’s biggest cattle company for R5.2 billion. The Public Investment Corp. (PIC), Africa’s largest investment fund and the biggest investor in South Africa’s economy, said on Tuesday it had bought a majority share in Karan Beef […]

Shoprite Will PAY South African Customers to Reuse Plastic Bags

By Reuters 23-10-18 17:15

JOHANNESBURG  – South Africa’s biggest supermarket chain, Shoprite, said on Tuesday it would pay customers for reusing its newly introduced recyclable bag… as it joined domestic rivals in efforts to curb plastic pollution. Supermarkets have come under increased pressure to cut their use of plastic as images of littered oceans and beaches become commonplace, shocking […]

police

Heartless Killers of Security Guards Shot in Police Shootout

By SAPeople Contributor 23-10-18 17:06

Police in South Africa have shot and killed two men in KwaZulu-Natal in a ‘blaze of bullets’ who were allegedly responsible for the murder of two security guards in a stationary vehicle in Soweto two weeks ago. This was confirmed by South African Police Service (SAPS) spokesperson Vishnu Naidoo in a statement on Tuesday. Chilling […]

Nommer 37

South African Film to be Screened in US Movie Theaters

By SAPeople Contributor 23-10-18 11:48

Local South African film-maker – Joshua Bradley – is thrilled at having his movie screened in the United States next month. The movie – Nommer 37 – is set to premier in cinemas in Los Angeles and New York on 2 November 2018. The crime thriller, set in the Cape Flats, was funded by the Department of […]

South Africa’s New Finance Minister Walks Budget Tightrope to Fix Economy

By SAPeople Contributor 22-10-18 23:35

JOHANNESBURG (Reuters) – South Africa’s new finance minister will target spending on agriculture, infrastructure and job creation projects in his inaugural budget speech on Wednesday in a bid to haul the economy out of a recession. With the government facing a ballooning debt, stubbornly high unemployment, struggling state companies, and dwindling coffers, Tito Mboweni, a […]

Zambia Revives Plan to Cull 2,000 Hippos over Next 5 Years

By Reuters 22-10-18 12:32

LUSAKA – Zambia has revived plans it suspended two years ago, after protests by animal rights activists, for the controlled slaughter of up to 2,000 hippos over the next five years, its tourism minister said on Monday. Charles Banda said the hippo population could not be supported by the water levels in the Luangwa river […]

South Africa’s Transnet Removes CEO Following Alleged ‘Misconduct’ Worth Millions

By SAPeople Contributor 22-10-18 12:15

JOHANNESBURG – Wiping out corruption in South Africa continues with an announcement that Transnet’s board of directors has removed Chief Executive Siyabonga Gama, who has been accused of misconduct in a multi-million-dollar deal. State-owned Transnet, which operates nearly three-quarters of the African rail network – most of which is in South Africa – has been […]

Urgent Help Sought for Families Affected by Devastating Khayelitsha Fire

By SAPeople 21-10-18 17:24

Urgent help is being sought from South Africans, locally and abroad, after a devastating fire ripped through Khayelitsha township in Cape Town in the early hours of Saturday morning. While most of us were peacefully sleeping, a fire raged through the township – fuelled by strong winds in the Western Cape –  claiming the life […]

Mcebo Dlamini

FeesMustFall Leader’s Trial Postponed to April Next Year

By Wendy Mothata 20-10-18 15:51

The case of the South African student activist and #FeesMustFall campaign leader, Mcebo Dlamini has been officially postponed to next year April. The student leader, who was confident that his trial would finally start, appeared in the Johannesburg Magistrate’s court on Friday morning. Dlamini is facing numerous charges including assault, public violence and malicious damage […]

VBS Mutual Bank Retrenches Employees

By Wendy Mothata 19-10-18 11:48

Some employees of VBS Mutual Bank have finally agreed to sign retrenchment letters following days of refusing to sign them. The employees had a meeting with representatives of the office of the curator and the bank’s Human Resource Department in Limpopo, Thohoyandou on Thursday. According to SABC 100 workers are being retrenched while 25 will […]

South Africa’s Ramaphosa Orders Inquiry at $142 Billion State Pension Fund

By Reuters 18-10-18 11:21

JOHANNESBURG – South Africa’s President Cyril Ramaphosa on Wednesday appointed a judicial inquiry into the R2 trillion rand ($142 billion) state pension fund, a government gazette said, following corruption allegations. The PIC is Africa’s biggest pension fund and the biggest investor in South Africa’s economy holding a large volume of bonds issued by government and […]

Cheryl Zondi’s Bravery Saluted in Omotoso Trial

By SAPeople Contributor 18-10-18 11:17

Cheryl Zondi, a state witness in the trial of Timothy Omotoso, a senior pastor at the Jesus Dominion International Church, has been praised for her bravery and fortitude by the South African Portfolio Committee on Women in the Presidency and the Ministry. Twenty-two year old Zondi, an alleged rape victim, has for the past three […]

SA Police Make 18 Arrests Following Shocking Stutterheim Protest

By SAPeople 17-10-18 14:16

The South African Police Service (SAPS) says it has arrested 18 people in Stutterheim in the Eastern Cape, on charges of public violence and malicious damage to property. This follows the shocking protests which began yesterday. SAPS said the arrests followed protest action in Mlungisi Township this morning “during which police vehicles were damaged and […]

Ramaphosa Urged to Fire Tom Moyane

By SAPeople 17-10-18 09:45

JOHANNESBURG (Reuters) – An inquiry reviewing evidence on Tom Moyane, the suspended head of South Africa’s Revenue Service (SARS), issued an interim report on Tuesday urging President Cyril Ramaphosa to fire the tax official. The agency has been plagued by infighting over the last three years and is subject to ongoing government investigations. Judge Robert […]

South Africa’s Treasury Says It Will Struggle to Finance Public Services

By Reuters 16-10-18 11:53

CAPE TOWN – South Africa will struggle to finance the public services that form the largest part of its budget… due to falling revenues and an economic recession, the National Treasury told lawmakers on Tuesday. South Africa slipped into recession in the second quarter for the first time in nearly a decade; and the political […]

Ramaphosa Rejects Report He Knew About Looting at VBS Bank

By SAPeople 15-10-18 21:19

JOHANNESBURG – South African President Cyril Ramaphosa on Monday rejected a newspaper report that he failed to stop R1.9 billion ($132 million) being illegally siphoned from VBS Mutual Bank. City Press reported on Sunday that sources close to a major VBS shareholder said the shareholder had informed Ramaphosa about what was going on when he […]

UK’s Prince Harry and Wife Meghan Expecting First Child Next Year

By Reuters 15-10-18 13:20

Prince Harry and his wife Meghan – who are currently in Australia – are expecting their first child in the spring of 2019, around a year after their glittering wedding injected Hollywood glamour into the British royal family. Kensington Palace announced Monday morning: “Their Royal Highnesses The Duke and Duchess of Sussex are very pleased […]

Fake Diamonds & Cash Seized in Arrest of Alleged OLX Kidnapping Gang

By SAPeople 15-10-18 00:13

The South African Police Service (SAPS) has published a statement about the arrest of a major criminal gang which preyed on and kidnapped several OLX advertisers in SA. OLX has also issued a response to Sunday night’s Carte Blanche show, in which the current affairs team helped unmask the criminals, in a risky undercover sting […]

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