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 […]

Pik Botha Passes Away at 86

By SAPeople 12-10-18 13:21

Pik Botha, South Africa’s former Foreign Minister during the apartheid era, has died at the age of 86 after a lengthy illness. Botha’s son – Piet – confirmed to local media that his father had died during the night. Born Roelof Frederik Botha in 1932 in Rustenburg, Pik Botha served as Foreign Minister for 17 […]

Post Office Honours President Ramaphosa with Stamp

By SAPeople Contributor 09-10-18 18:07

President Cyril Ramaphosa has received a stamp of approval from the South African Post Office – his very own stamp! The President was presented with a commemorative stamp bearing his image by the SA Post Office at Tuynhuis in Cape Town on Tuesday… which happens to be World Post Day. Ramaphosa becomes the fifth Head […]

guptas

Gupta Naturalisation Probe Resumes

By SAPeople Contributor 09-10-18 17:43

The Portfolio Committee on Home Affairs is set to resume the investigation into the (questionable) process followed in the naturalisation of the Gupta family. Last week, the committee said it had concluded the initial phase of the inquiry, which included the collection of all relevant information. However, the committee said it had identified gaps which […]

South Africa Has A New Finance Minister – Tito Mboweni – as Nene Bows Out

By SAPeople 09-10-18 17:14

South African President Cyril Ramaphosa has appointed former Governor of the Reserve Bank Tito Mboweni as Finance Minister on Tuesday, replacing Nhlanhla Nene. Ramaphosa made the announcement at Tuynhuis this afternoon, after accepting Nene’s letter of resignation. Quick action was required on the fate of Nene after the Rand suffered its worst fall in six […]

Zulu King and AfriForum Team Up Against Land Expropriation

By SAPeople Contributor 09-10-18 13:23

Following Zulu King Goodwill Zwelithini’s announcement that he wants South Africa’s President Cyril Ramaphosa to sign an agreement promising to exclude territories that the monarch controls from the government’s land reform drive, the King has gone a step further and announced a partnership with AfriForum! Lobby group, AfriForum, is also opposed to land expropriation without […]

South Africa’s Finance Minister Nene Asks President to Sack Him, Rand Weakens

By Reuters 08-10-18 13:02

JOHANNESBURG – South Africa’s rand was weaker early on Monday following reports in the Business Day that Finance Minister Nhlanhla Nene has asked President Cyril Ramaphosa to sack him, after he admitted to visiting the home of the Gupta brothers, friends of scandal-plagued former leader Jacob Zuma. Nene has become a divisive figure in SA […]

farms

Stats SA to Conduct Census of Commercial Agriculture

By SAPeople Contributor 06-10-18 15:27

Statistics South Africa (Stats SA) will from 15 October start a countrywide Census of Commercial Agriculture. The exercise will see Stats SA deploy about 600 field staff to various commercial farms across the country. The study, according to Stats SA, will establish: the number of farms, their size of farms, crop types being farmed in […]

Nene Says Sorry, Deeply Regrets Gupta Meetings at Their Home

By SAPeople Contributor 05-10-18 17:03

JOHANNESBURG (Reuters) – South Africa’s Finance Minister Nhlanhla Nene apologised on Friday for visiting the home of the Gupta brothers – friends of scandal-plagued former leader Jacob Zuma – as pressure mounts on one of President Cyril Ramaphosa’s key allies. Nene has become an increasingly divisive figure after testimony he gave at an inquiry into […]

SAA Appoints Deon Fredericks as Interim CFO

By SAPeople Contributor 05-10-18 11:47

South African Airways (SAA) has appointed Deon Fredericks as its new interim Chief Financial Officer (CFO). Fredericks’ appointment was announced by South Africa’s national carrier on Thursday. His appointment is effective from 15 October and he is on secondment from Telkom for a 12-month period. “We welcome the appointment of Fredericks to ensure that SAA’s […]

Saudi Arabian Military

Saudis Seek Wide-Ranging Deals with South African Arms Firms

By Reuters 04-10-18 16:19

JOHANNESBURG – Saudi Arabia is in talks with South Africa’s major arms manufacturers and is considering taking an equity stake in the struggling state-owned defence firm Denel, the head of the Saudi state defence company told Reuters. Saudi Arabian Military Industries’ (SAMI) chief executive Andreas Schwer said he expected to conclude the first partnership deals […]

Cape Town Voted Top City of Opportunity in Africa

By SAPeople 04-10-18 11:37

Cape Town has been voted the top opportunity city in Africa by the World Bank. The bank made its announcement in its “Doing Business in South Africa” report. According to Cape Town Mayor Patricia de Lille, Cape Town’s high ranking for providing electricity elevates it to the top 25 % of worldwide city economies. Apparently […]

Malema Should Appear Before Zondo After Nene Smear Campaign Says DA

By SAPeople 03-10-18 17:23

The EFF’s Julius Malema should appear and give evidence under oath before the Zondo Commission, says DA (Democratic Alliance) Shadow Minister of Finance, David Maynier. Maynier was reacting to the Economic Freedom Fighter leader’s allegations that Minister of Finance, Nhlanhla Nene played a role in state capture in South Africa. Maynier said Malema has “conducted […]

WATCH SA Farm Widow’s Video Message to Ramaphosa and the USA

By SAPeople 03-10-18 17:02

A South African widow, whose husband was murdered on their farm in 2016, has posted a public video message to President Cyril Ramaphosa and the people of the USA following Ramaphosa’s statement to Bloomberg last week in New York that there are no farm killings in South Africa. In the video Mariandra Heunis recalls the […]

SA Finance Minister: Zuma Sacked Me for Rejecting Gupta Deals

By SAPeople 03-10-18 12:47

JOHANNESBURG (Reuters) – South Africa’s Finance Minister Nhlanhla Nene said on Wednesday he was fired by former president Jacob Zuma for refusing to approve contracts that would financially benefit the Gupta family, friends of Zuma accused of corruption. Nene, who was giving testimony at a judicial inquiry into influence-peddling, said the main reason he was […]

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