NPA to argue why Zuma's bid to dismiss corruption case should be denied
Politics
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US eases restrictions on China's Huawei to keep networks, phones operating
The US Commerce Department will allow Huawei Technologies Co Ltd to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets.
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SA company given green light to grow, import cannabis to Canada
For three years Leaf Botanicals has been hard at work securing a licence it will now use to export organic dagga to Canada after an agreement was signed with a fully-licensed cannabis producer in Canada.
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Magashule says ‘no comment’ on Estina dairy project ruling against Mkhwebane
The Gauteng High Court has set aside Public Protector Busisiwe Mkhwebane's report on the Estina dairy farm project in Vrede, Free State, where ANC secretary-general Ace Magashule was premier.
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Electronics expert testifies in fatal Ford Kuga case
Reshall Jimmy died after his Ford Kuga SUV caught fire in the Southern Cape in December 2015.
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Amplats fires more than 600 underground workers at Mototolo mine
The precious metals producer says it dismissed 643 employees at Mototolo, which produced 57,700 ounces of platinum group metals in the first quarter of 2019, after its appeal to end the strike was ignored.
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Omissions in Transnet locomotive deal 'deliberate misrepresentation'
Francis Callard was testifying at the state capture commission of inquiry on Monday about the procurement of 1,064 locomotives from China South Rail.
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Rand firmer as risk selloff pauses
The rand shed close to 2% in the previous week but remained one of the better performing emerging currencies with the post-election positivity limiting losses, with investors awaiting the announcement of a new cabinet.
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WATCH LIVE: Ex-Transnet engineer details South China Rail locomotive purchases
Francis Callard last week set out in technical detail why the China South Rail locomotives were not the ideal option for Transnet which needed trains to operate on the coal network.
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Oil surges after OPEC indicates it will maintain output cuts
Brent crude was up by 96 cents, or 1.3%, at $73.17 a barrel by 0227 GMT, having earlier touched $73.40, the highest since April 26.
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Google suspends some business with Huawei after Trump blacklist – source
The extent to which Huawei will be hurt by the US government’s blacklist is not yet known as its global supply chain assesses the impact.
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Oil producers meet to discuss output amid Iran tension
President Donald Trump said last month Saudi Arabia and other Opec members had agreed to his request to boost oil production in order to tamp down rising prices.
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Transnet advised to sue Nedbank over higher interest rates – report
The parastatal’s acting group chief executive testified about how the terms of loans worth about R23 billion were changed, against the advice of junior Treasury officials.
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Leaked WhatsApps reveal how access to PIC execs may have led to dodgy deals
The PIC, entirely owned by government, is the largest investor on the continent and manages government pension and other funds.
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WC ANC PEC overturns PWC decision to suspend treasurer over Survé donation
Maurentia Gillion was suspended by the provincial working committee (PWC) this week pending an investigation into a R1 million election campaign donation from businessman Iqbal Survé.
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'Transnet officials changed documents to award locomotive deal to CSR'
Transnet’s former strategy manager Francis Callard made the revelation during his testimony to the Zondo commission.
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Eskom raises R5.2bln through loan drawdowns
The struggling utility, which supplies more than 90% of the electricity in the country, said liquidity position stood at R7.7 billion on 30 April 2019.
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Brian Molefe picked 'unsuitable' China South Rail locomotives for contract
The commission of inquiry into state capture heard from previous witnesses how Gupta-linked companies received significant so-called success fees for sealing Transnet's deal with China South Rail.
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Dennis George dismissed from Fedusa following corruption probe
George was suspended from Fedusa in February as the PIC’s R4.3 billion investment in Ayo Technology came under scrutiny at the PIC Inquiry.
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Zimbabwe power crisis set to continue until Zesa clears debts
Zimbabwe reportedly owed around $80 million to Eskom and Mozambique’s HCB power company.
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Home comfort: Right time to buy a house?
Rhys Dyer, chief executive officer of bond originator Ooba, says current conditions make this the perfect time to buy a property, especially for first-timers.
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Rand weakens as dollar boosted by solid data
While the rand remains one of the best performing emerging currencies this year, more so after last week’s general elections put President Cyril Ramaphosa on firmer ground to pursue economic reforms, investors are edgy about next week’s cabinet announcement.
