Parliament’s executive managers have received more than R2-million in salary increases backdated to April last year – raising the ire of staff who say their bosses had previously agreed to forfeit such hikes because there was no money. Last week 18 of parliament’s division managers, who earn between R1.5-million and[…]
Economist George Glynos says there are strong indications that the South African Reserve Bank will cut the repo rate by at least 25 basis points. The bank will on Wednesday announce the outcome of its Monetary Policy Committee meeting. The bank’s last MPC meeting in January decided to keep the[…]
Before 20-year-old Lebogang Motsumi even had sex with her first “blesser” – or sugar daddy – a successful, married, company boss more than twice her age, he handed her a wad of cash. He was soon making regular deposits into her bank account, paying her rent and taking her out[…]
South African banking institutions are expected to raise revenues to $4bn by 2022 amid massive upside potential for investment banking products across Africa. This is despite currency adjustment hurdles and the likelihood of foreign investors in Barclays Africa and Old Mutual selling down. These are the findings of a new[…]
Steinhoff International Holdings NV [JSE:SNH] said one of its South African units is considering an early redemption of all notes in issue as the global retailer struggles to stay afloat amid an accounting scandal. Steinhoff Services’ redemption of securities issued under a R15bn ($1.2bn) bond program will require pricing supplements[…]
As the world marks World Premature Day, South Africa has seen an increase in the number of premature babies living longer now compared to a decade ago. That’s according to Doctor Natasha Rhoda, who is a Neonatologist at Groote Schuur Hospital and the University of Cape Town. She’s cited the[…]
Friday South Africa marks the centenary celebrations of the late ANC President Oliver Tambo. President Jacob Zuma will speak at the main OR Tambo Centenary celebrations in Tambo’s home village in Nkantolo in Mbizana in the Eastern Cape. Tambo was revered as the country’s foremost diplomat. Born on the 27th[…]
President Jacob Zuma on Tuesday said South Africa and Zimbabwe must implement their 2009 agreement aimed at cutting the massive delays characteristic with the Beitbridge border post by having a one-stop border post at the busy international gateway. “I wish to underscore the strategic significance of a one-stop border post[…]
Zimbabwe’s President Robert Mugabe has launched a veiled attack on white South Africans. He’s also broken his silence on his wife’s alleged assault of a Johannesburg model by lamenting the behaviour of young people. The South African government granted Grace Mugabe diplomatic immunity following the alleged attack and allowed her[…]
President Jacob Zuma has lauded efforts by counterpart Filipe Jacinto Nyusi to engage the leadership of the Renamo opposition movement to curb the resurgence of political violence in the restive southern African state. The former guerrilla movement has launched a series of attacks in some northern and central parts of[…]
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