Probe launched after pedestrian hit, dragged by bakkie in EC
Local
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Zondo reprimands lawyer for being disruptive during proceedings
Advocate Andre Pienaar, who is representing businessman Vivien Natasen, had on three occasions objected to the questioning of his client claiming the commission was casting aspersions against him.
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Natasen to Zondo: I didn’t know R10m from SA Express exec was obtained illegally
Neo Solutions director Vivien Natasen testified at the Zondo inquiry on Friday that he was approached by SA Express executive Brian van Wyk to keep R10 million for him, which he agreed to.
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Rand set for weekly gains, stocks flat
At 1520 GMT, the rand was 0.25% weaker at 14.0050 per dollar, retreating from a five-month high of 13.8200 reached earlier in the session.
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Vivien Natasen clarifies the R10m from SA Express exec at state capture inquiry
Owner of Neo solutions Vivien Natasen has told the state capture inquiry that his company received R10 million from Brian van Wyk for a joint business venture in 2015.
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Ford, Volkswagen expand alliance to electric autos
Volkswagen will invest $2.6 billion in capital and assets in Ford's self-driving unit Argo AI to market new-technology vehicles in the United States and Europe.
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Scandal-hit Steinhoff reports $400m loss in first half
Steinhoff, which is also listed in Frankfurt, blamed the loss on the cost of advisors and professional fees as it cleans up its balance sheet.
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Friendly people, food & more – CT voted best city in Africa, Middle East
Cape Town was ranked number one for the 18th time in the 2019 'Travel + Leisure' survey released this week.
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Rand gains as Fed stokes risk buying
Since breaching R14.00 on Wednesday, the rand has seen steady inflows, bringing gains at the end of the week to about 2.5%, with resistance at R13.8500 not far off.
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Mboweni: Further bailouts for struggling SOEs can't continue
Finance Minister Tito Mboweni in his budget vote noted that various companies in the aviation and broadcasting sectors were making profits and providing good quality services.
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Ex-PIC CEO Matjila shares details of R1.7bn Tosaco deal
Dan Matjila told the PIC commission that Lawrence Mulaudzi’s Kilimanjaro Capital and Sipho Mseleku’s Sakhumnotho were the finalists to receive funding from the PIC to buy Tosaco shares.
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Cuba lowers tourism target 15 percent after US cruise ban
That is around 15% down on forecasts of 5.1 million tourists in 2019 and around 10% lower than the number of visitors in 2018.
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Mantashe: Energy Dept is a regulator, not a lobby group
On Tuesday, the minister delivered the budget for mineral resources, which forms part of the reconfigured department which now includes energy.
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Nxesi assures S. Africans that UIF savings are protected
The minister said the UIF had budgeted R7.9 billion over the next three years to focus on jobs and training.
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ArcelorMittal layoffs may be the first of many, Solidarity warns
The steel producer announced on Wednesday that it would start Section 189 consultations with staff, which may affect 2,000 people.
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PIC investment decisions were carefully analysed, inquiry told
The former PIC CEO said while he was at the PIC, no person, especially not him, could approve deals on their own.
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Govt announces 7 more countries that can visit SA visa-free
Home Affairs Minister Aaron Motsoaledi declared this during his budget vote speech this week.
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Gordhan: Reforms at SOEs delayed by ‘fightback’ campaign
Pravin Gordhan launched urgent court action to suspend the Public Protector’s remedial action and to have her report on the Sars intelligence unit reviewed and set aside.
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Mantashe repeats call for review of SA’s fuel price structure
He was delivering the Department of Energy’s budget vote in Parliament on Thursday.
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Zweli Mkhize denies soliciting funds from PIC for ANC
The minister, in a statement on Thursday, said as the ANC treasurer-general he never asked for funding from any state-owned entity including the PIC.
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Reserve Bank expected to cut rates next week
Twenty-four of 30 economists in the survey taken over the past three days said the repo rate would be cut by 25 basis points to 6.50% on 18 July.
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WATCH LIVE: Ex-Transnet engineer continues state capture testimony
Former Transnet electrical engineer Francis Callard continue with giving testimony at the state capture inquiry.
