Latest News

  • | BUSA calls for investor certainty as Competition Amendment Bill heads to Parliament

    Cape Town – Business Unity SA (BUSA) has called for investor certainty and stability as government prepares to put the Competition Amendment Bill through the legislative wringer before its adoption and enactment. Minister of Economic Development Ebrahim Patel tabled the bill in Parliament on Tuesday and briefed the portfolio committee on economic development on the draft law. The bill seeks... Continue reading

  • | WhatsApp limits forwarding in India after lynchings

    WhatsApp announced limits on Friday on the forwarding of messages by its 200 million Indian users in an effort to stop a spate of horrific lynchings and to assuage government threats of legal action in its biggest market. More than 20 people have been butchered by crazed mobs in the past two months across India after being accused of child... Continue reading

  • | Global protectionist policies could lead to earlier rate hike for SA

    SA’s vulnerability to a global trade war could see an earlier rate hike, an economist warned. Momentum Investments economist Sanisha Packirisamy on Thursday shared her views on the Reserve Bank’s decision to keep interest rates unchanged at 6.5%. The central bank’s monetary policy committee identified escalating trade tensions among the risks to the inflation outlook. While inflation has remained within... Continue reading

  • | Caster obliterates quality 800m field in Monaco

    Cape Town – Caster Semenya has cruised to victory in the 800m event at the Diamond League meeting held in Monaco  With a very strong field assembled on the night, Semenya once again proved too strong surging away at the start to leave the field in her wake. At one point, Semenya was on course for a world record, but slowed over the final 200m.... Continue reading

  • | Transnet disbands scandal-plagued acquisition and disposal committee

    Transnet has disbanded its scandal-plagued Acquisition and Disposal Committee, saying company directors should not be involved in acquisitions, according to a new letter by the state-owned enterprise‘s chair Popo Molefe. Molefe was of the embattled rail, port and pipeline SOE in May 2018.    In a letter to staff, which was shared by a source, Molefe gave a broad overview... Continue reading

  • | Eskom dismisses head of legal Suzanne Daniels

    Eskom’s head of legal and compliance Suzanne Daniels has been dismissed following a disciplinary hearing where she was found guilty of all four charges laid against her. The power utility on Friday issued a statement indicating that the disciplinary hearing’s independent chairperson Advocate Nazir Cassim SC recommend that she be dismissed. Eskom accepted the recommendation and has already sent Daniels... Continue reading

  • | An ode to Madiba

    When the days were dark and untrue there was a man who stood up for you. He gave his all in all, so that the sky can become blue. Sacrificed his life for a new dawn. For black, white, male and female, we all should belong. Obsessed by faith he believed in his dream for men to live as friends.... Continue reading

  • | From Madiba with love

    As we celebrate the 100th birthday of our beloved Madiba, I am reminded of the great sacrifice, contribution and influence that this great leader of our country has had many lives across the world, across cultures, ethnicity and traditions. Thinking and reflecting on all these things, I realise that the one thing that makes Nelson Mandela so great is that... Continue reading

  • | Abu Dhabi and Nelson Mandela: The early morning walk to freedom

    It was early 1995 and I had recently been posted to Abu Dhabi to head the new South African embassy – once again a pioneering and challenging task. While still holed up in a hotel room, I was tasked with preparing for the historic visit of President Nelson Mandela, something I took on with great zeal and expectation. On the... Continue reading

  • | WATCH: Trump, Putin lash out over summit fallout

    US President Donald Trump has placed the blame on the media. “The Summit with Russia was a great success, except with the real enemy of the people, the Fake News Media,” the US president tweeted on Thursday. “I look forward to our second meeting so that we can start implementing some of the many things discussed, including stopping terrorism, security... Continue reading

  • | Macron under fire as security aide detained in assault inquiry

    French President Emmanuel Macron, trying to curb what has become the most damaging scandal of his presidency, on Friday fired a top security aide who has been taken into custody after videos emerged showing him strike a young man during a demonstration in Paris in May. The Elysee Palace told AFP that Alexandre Benalla would be dismissed after “new elements”... Continue reading

  • | Salaries not keeping up with medical aid increases

    Medical aid increases have not been keeping pace with salary raises, according to the eights GTC Medical Aid Survey. The financial services company, formerly Grant Thornton Capital, publishes the annual survey to assist its own consultants, financial planners and medical aid members to decide on the best plan to suit their pocket and needs. “The effect of these increases will... Continue reading

  • | Ramaphosa slams Moyane‘s objections to disciplinary as ‘sabotage‘ and ‘trite‘

    President Cyril Ramaphosa has dismissed at length suspended SARS commissioner Tom Moyane‘s objections to the procedural fairness of his disciplinary hearing.  In a 30-page affidavit submitted by Ramaphosa, the president outlines why the procedures are fair, despite several complaints laid by Moyane. The inquiry is set to take place on Saturday. “In fact, as will become apparent below, the Terms... Continue reading

  • | JSE advances as retailers and financials maintain momentum

    The JSE advanced on Friday as retailers and financials continued to lift the local bourse higher. Blue-chips were trading mostly in positive territory which helped maintain the upward momentum on the JSE. Retailer Truworths [] was buoyed by the release of a positive trading statement for the full-year ended 1 July 2018. The stock added 3.22% to close at R79.24... Continue reading

  • | Wiese: Forensic report will reveal what went wrong at Steinhoff

    Former Steinhoff chairperson Christo Wiese said that the forensic investigation into the global retailer would ultimately reveal how accounting fraud took place. Wiese was speaking to on Friday. Grootes had asked him how the retailer was looted under his watch. Wiese said he had only become chairperson of Steinhoff in July 2016 and had chaired “exactly four board meetings” during... Continue reading