South Africa’s Public Protector Investigating Pravin Gordhan

By Reuters 08-11-18 12:26

JOHANNESBURG – South Africa’s anti-corruption watchdog, the Public Protector, said on Thursday that it was investigating Public Enterprises Minister Pravin Gordhan, a close ally of President Cyril Ramaphosa, for allegedly abusing his powers during his time as finance minister. The watchdog said it was looking into allegations that Gordhan wrongly approved an early retirement package […]

South Africa’s 2019 Elections: Likely to Be Held in May, Registration in January

By SAPeople 07-11-18 17:35

JOHANNESBURG – South Africa will hold parliamentary elections sometime between May 7 and August 5 next year, the Electoral Commission (IEC) chairperson announced on Wednesday… increasing the likelihood that the vote will be in May, which is President Cyril Ramaphosa’s preference. A voter registration weekend will be held in January. The commission briefed the media […]

Ramaphosa Fires Suspended SARS Boss Tom Moyane

By Reuters 01-11-18 21:04

JOHANNESBURG – South African President Cyril Ramaphosa has fired the suspended head of the South African Revenue Service (SARS) Tom Moyane, the Business Day newspaper reported on Thursday, citing president spokeswoman Khusela Diko. Judge Robert Nugent, who is heading an inquiry into Moyane, had recommended the suspended tax chief should be removed from office for […]

South Africans Overwhelmingly Support Land Expropriation Says Parliament

By Reuters 21-11-20 01:42

JOHANNESBURG – South Africans overwhelmingly support changing the constitution to allow land to be expropriated without compensation, parliament said on Thursday, announcing the findings of a draft report that followed public hearings on the issue. President Cyril Ramaphosa’s ruling African National Congress has made the acceleration of land redistribution a key issue ahead of 2019 […]

New Leaked Reports Show Why PRASA Train Security has Collapsed

By SAPeople Contributor 31-10-18 11:36

Investigations by Werksmans Attorneys on mismanagement at the Passenger Rail Agency of South Africa (PRASA) for the 2014/15 financial year have raised more red flags about security at the beleaguered state-owned entity. The leaked reports substantiate previous investigations by the Public Protector, Auditor General and National Treasury. They reveal that hundreds of millions of rands […]

South African Ex-President FW De Klerk Discharged After Lung Ailment

By Reuters 29-10-18 19:54

CAPE TOWN – South African former president and Nobel Peace Prize winner FW de Klerk was discharged from a three-night hospital stay after recovering from a lung ailment, his foundation said on Monday. De Klerk, 82, was hospitalised over the weekend for treatment of pneumothorax, “an abnormal collection of air in the pleural space between […]

ANC Will Go to the Polls with Only One Major Asset: President Ramaphosa

By Guest Contributor 29-10-18 09:40

It is common cause that the performance of South Africa’s government, led by the African National Congress (ANC), has been worse than abysmal. Under former President Jacob Zuma, ANC functionaries pillaged numerous institutions of state. They enabled state owned institutions to be looted, mismanaged the provision of basic services and presided over an alarming downward […]

South Africa’s Gordhan Warns Anti-Corruption Efforts Face “Dangerous Fightback”

By Reuters 28-10-18 20:51

JOHANNESBURG – South African Public Enterprises Minister Pravin Gordhan said on Sunday that efforts to clean up corruption in state-owned companies (SOCs) faced “dangerous” resistance which threatened the country’s sovereignty… and hinted that the Gupta family is behind this resistance. Gordhan, a former finance minister, has been tasked by President Cyril Ramaphosa with cleaning up […]

Gigaba Tape: South African Minister Blackmailed after Video Leaked

By Reuters 16-03-19 20:14

JOHANNESBURG – South Africa’s former finance minister Malusi Gigaba said on Sunday a private video was leaked after his phone was hacked, and he had faced blackmail threats over it when he headed the Treasury. Gigaba, now Home Affairs minister (again), was thrust into the finance post in March last year after former President Jacob […]

Former South African President FW De Klerk Hospitalised for Lung Ailment

By Reuters 27-10-18 18:32

JOHANNESBURG – Former South African president and Nobel Peace Prize winner FW de Klerk has been hospitalised for a lung condition, but is recovering and is expected to be discharged next week, his foundation said on Saturday. De Klerk, 82, South Africa’s most recent white president, became Nobel laureate jointly with his successor, Nelson Mandela, […]

Chinese Tycoon Jack Ma’s 3 Key Pieces of Advice to South Africa

By SAPeople 27-10-18 11:45

Chinese business tycoon Jack Ma has three main pieces of advice for South Africa: improve the education system, invest in entrepreneurs and ensure clean governance. Speaking at the inaugural South Africa Investment Conference business dinner on Friday night, Ma said for any country to develop it has to pay attention to those three elements. Ma […]

South Africa’s Committed to Protecting Property Rights, Says Ramaphosa

By SAPeople Contributor 27-10-18 00:30

JOHANNESBURG (Reuters) – South African President Cyril Ramaphosa used an investment summit on Friday to reassure investors that his government was committed to protecting property rights as it pursues plans to accelerate the pace of land redistribution. “We are committed as government to pursuing a comprehensive approach to land and agrarian reform which ensures transformation, […]

Ethiopia Welcomes its First Female President, Sahle-Work Zewde

By SAPeople Contributor 27-10-18 00:24

ADDIS ABABA (Reuters) – Ethiopia’s parliament has approved senior diplomat Sahle-Work Zewde as the country’s first female president, proceedings on state television showed, cementing another shift in the country’s political system from Prime Minister Abiy Ahmed. Sahle-Work is at present U.N. under-secretary-general and special representative of the secretary general to the African Union. She replaces […]

R290 Billion Worth of Investments Committed to Revive South Africa!

By SAPeople 26-10-18 20:50

It’s been a fantastic day for South Africa as local and international businesses have come to the inaugural South African Investment Conference bearing gifts in the form of investment commitments to the tune of R290 billion ($20 billion). “This R290 billion is what we have now in our hands and these are in addition to […]

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 […]

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 […]

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 […]

This Week’s Hot Topics on Carte Blanche (Available to Expats Too)

By SAPeople Contributor 20-10-18 12:18

This week’s episode of Carte Blanche investigates some of the hottest current topics in South Africa –  how millions were siphoned off at VBS bank, painful decisions around fighting for the right to choose to die, the bankrupt municipality, Maluti-A-Phufong, and if DNA Phenotyping can really help pinpoint the identity of an unknown assailant? The show […]

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 […]

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