Geneva

JSE CEO Nicky Newton-King Retires After 8 Years

By Jenni Baxter 31-07-19 09:27

JOHANNESBURG – Nicky Newton-King, Chief Executive Officer of the Johannesburg Stock Exchange (JSE), has announced her retirement after eight years at the helm of Africa’s biggest securities exchange, the JSE said on Tuesday. Chairman Nonkululeko Nyembezi said in a statement: “During 2018 Nicky indicated to the board a desire to step down, both for reasons of […]

Eskom Appoints South Africa’s Chief Accountant to Lead Restructuring

By Ted Botha 31-07-19 05:13

The mammoth task of unbundling Eskom has been given to the chief of the South African Institute for Chartered Accountants, Freeman Nomvalo, who the Minister of Public Enterprises Pravin Gordhan today named as the utility’s new chief restructuring officer. In a statement from the institute, Nomvalo said its board had agreed to a request from […]

Public Protector’s Deputy Exposes Cracks in Mkhwebane’s Office

By Ted Botha 30-07-19 17:12

Adding to the battles facing the public protector Busiswe Mkhwebane, her deputy has said she didn’t consult him on the controversially “flawed” ABSA-SARB report, and that there were lessons to be learnt from the recent setbacks Mkhwebane has been dealt in court. “I don’t know anything about the Absa report, sitting here as the Deputy […]

eskom makes profit 2019

Eskom’s Annual Loss Widens to Over R20-Billion, But Clean-Up in Motion

By SAPeople 30-07-19 17:15

JOHANNESBURG – South African power utility Eskom announced on Tuesday that its annual loss has widened to R20.7-billion ($1.46-billion) in the 2018/19 financial year… a massive increase from the already discouraging R2.3-billion in the previous year. Eskom Chairman Jabu Mabuza said: “Today Eskom releases results that, while expected, are unfavourable. The organisation disappointingly incurred a […]

The End of Julius Malema as EFF Leader Mooted by Party Chairman

By Ted Botha 17-12-20 01:30

Since the Economic Freedom Fighters’ launch in 2013, it has only had one leader, Julius Malema, although according to party chairman Dali Mpofu that could change as early as December. After Mpofu was interviewed by Power FM’s Aldrin Sampear today, the radio station said the advocate believed it was unlikely Malema would stand as president […]

Unemployment in South Africa Jumps to 29 Percent, Highest Since 2008

By Ted Botha 30-07-19 12:54

South Africa’s unemployment rate has risen to 29 percent, the highest level record since the quarterly labour force survey was introduced in 2008, although it had reached 29,3 percent in 2003, the Department of Statistics announced today. A total of of 15.5 million people are not economically active, about 2.7 million of them discouraged work […]

Fire in Cape Town, South Africa, Leaves Over 1,000 Homeless

By Guest Contributor 30-07-19 00:42

Over a thousand people were left homeless and one person died after a fire swept through Cape Town’s Masiphumelele’s Wetland informal settlement in E-Section in the early hours of Monday morning. The fire, said by residents to have been caused by a candle in one of the shacks, started at about midnight and was ultimately […]

Acting CEO Jabu Mabuza Appointed at South Africa’s Eskom

By Jenni Baxter 29-07-19 21:19

South African Public Enterprises Minister Pravin Gordhan announced on Monday that Jabu Mabuza has been appointed as acting group chief executive officer (GCEO) of Eskom following a board meeting earlier today. Gordhan said in a statement: I have informed the Eskom annual general meeting this afternoon of my decision to appoint Mr Jabu Mabuza as […]

StatsSA

South African Population Up Almost 1 Million in Past Year

By Ted Botha 29-07-19 16:16

The population of South Africa rose by 900,000 in the past year, and now stands at 58.8 million, according to figures released today by the Statistician General Risenga Maluleke. He said the main driver of population growth was births, but immigration also contributed. Of the total, 51 percent were female and 49 percent male. About […]

South Africa’s Gordhan Wins Urgent Interdict Against Embattled Mkhwebane

By Ted Botha 29-07-19 12:42

PRETORIA – In another blow to the public protector, a judge of the North Gauteng High Court today interdicted Busiswe Mkhwebane or her office from enforcing remedial action she had recommended the president take against Pravin Gordhan, pending a judicial review of Mkhwebane’s report against Gordhan. The decision was handed down by Judge Sulet Potterill, […]

South African Land Reform Panel Recommends Seizures Without Pay in CERTAIN Circumstances

By Jenni Baxter 28-07-19 22:24

JOHANNESBURG – The Presidential Advisory Panel on Land Reform and Agriculture has proposed amending the South African Constitution to allow the government to seize land without compensation… but only in limited circumstances. The recommendations in the final report were released Sunday by Agriculture, Land Reform and Rural Development Minister Thoko Didiza, and members of the […]

WATCH Trevor Noah ‘Impersonate’ Whitney Houston. Best Mash Ever!

By Jenni Baxter 28-07-19 21:31

The internet’s falling in love with a video mash of Trevor Noah and Whitney Houston. In the video – created by social media user Myster Giraffe – it appears that Trevor is impersonating Whitney singing her 1987 hit “I Wanna Dance With Somebody”. And he’s ‘singing’ it well! The face swap video has already been […]

Helen Zille Joins Institute of Race Relations

By Jenni Baxter 28-07-19 16:47

JOHANNESBURG  – Helen Zille (68) is to join think tank The Institute of Race Relations (IRR), the former Democratic Alliance (DA) leader announced on Sunday. The ex-Premier of the Western Cape – who stepped down in June, after two terms – tweeted today: “I am very pleased to be part of the IRR South Africa […]

Singapore Seizes Ivory from Almost 300 Elephants in Record Haul

By Reuters 28-07-19 00:32

SINGAPORE – Singapore said this week it had seized 8.8 tonnes of elephant ivory, a record haul by authorities in the city-state, which conservation groups say is a transit point for the illegal wildlife trade. The elephant ivory, estimated to be worth $12.9 million, came from nearly 300 African elephants, and was heading to Vietnam […]

RUGBY: South Africa Draws with All Blacks in New Zealand (Thanks Jantjies!)

By Reuters 27-07-19 13:16

WELLINGTON, NEW ZEALAND – The Springboks’ replacement scrumhalf Herschel Jantjies scored a try in the final minute of play to help South Africa snatch a 16-16 draw with New Zealand in a tense Rugby Championship clash in Wellington on Saturday. Jantjies pounced on an error by Aaron Smith to silence most of the sold-out crowd, […]

Court Approves R5-Billion Settlement for Sick Gold Miners in South Africa

By Jenni Baxter 27-07-19 22:02

JOHANNESBURG – It’s been a long battle for tens of thousands of gold miners in South Africa who say they have suffered dreadful illnesses because of decades of negligence in health and safety. Finally yesterday, a class action settlement of R5-billion ($353-million) was approved by the Gauteng High Court in Johannesburg. A victory at last… […]

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