Tehran says Trump's 'genocidal taunts won't end Iran'
World
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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.
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Zondo ‘horrified’ over abuse of taxpayers’ money at Transnet
Chief Justice Raymond Zondo was responding to evidence by the parastatal’s acting group chief executive, Mohammed Mahomedy, who wrapped up his testimony at the state capture commission of inquiry on Thursday.
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Transnet captured using sophisticated financial vehicles, CEO tells inquiry
Transnet acting group chief executive Mohammed Mahomedy spent two days describing numerous instances where procedures were flouted in order to benefit a handful of companies which were paid hundreds of millions of rands.
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Huawei ban clouds US-China trade talks, tech sector
The US crackdown, announced on Wednesday, was the latest shot fired in a US-China trade war that is rattling financial markets and threatening to derail a slowing global economy.
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Samwu welcome NW’s decision to place 7 municipalities under administration
Samwu's Dumisani Magagula said the union was concerned about the dysfunctionality and mismanagement of these councils.
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Transnet was manipulated to benefit key individuals, Zondo inquiry hears
Transnet acting group chief executive Mohammed Mahomedy described how the company incurred R1.4 billion in interest rate fees, so a Gupta-linked company could earn more than R200 million in service fees.
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Sibanye-Stillwater plans to resume dividend payments in 2020
The company also expects to halve the number of job cuts previously announced in the gold division to 3,000, its chief executive Neal Froneman told Reuters.
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‘Interests of Transnet, public coffers sacrificed to benefit Regiments’
Acting Transnet group chief executive Mohammed Mahomedy has testified about how the Gupta-linked consultancy firm was conflicted in its role, but this was never flagged at the parastatal.
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Mahomedy: Regiments scored on commissions in Transnet's interest rate swap
Acting group chief executive Mohammed Mahomedy has testified about how the terms of loans worth about R23-billion were changed, against the advice of junior treasury officials.
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South Africa's complaints about banks laid bare
The Ombudsman for Banking Services has released its Annual Report on operations for 2018.
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Investec reports 3.6% rise in annual earnings
The group, which is undergoing a reorganisation under new leadership, reported adjusted basic earnings per share of 55.1 pence in the year to March 31, up from 53.2 pence.
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No joy for consumers as carbon tax to negate expected petrol price drop
A labour economist said consumers would still be hit hardest even though fuel prices were expected to remain relatively unchanged in the coming weeks.
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WATCH LIVE: Mahomedy continues detailing capture of Transnet
Transnet's acting CEO Mohammed Mahomedy continues with his testimony at the state capture commission of inquiry where he is detailing how the parastatal was captured by Gupta-linked executives and firms.
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WC no longer has lowest unemployment rate, according to stats
At 19.5%, the province's unemployment rate is now a percentage point higher than Limpopo’s.
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Rand slips as trade tensions weigh on risk demand
Having rallied to a two-week best of R14.1375 after the ruling African National Congress won a 57.5% majority that many investors see as key to economic reforms, the rand has slipped back towards the R14.40 mark.
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Mahomedy: Transnet's R300m penalty payment to China South Rail was avoidable
Acting group chief executive Mohammed Mahomedy has testified about an irregular contract with the Chinese company for hundreds of locomotives, which escalated from R38 billion to R49 billion.
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CEO: Transnet paid millions to consultancies for services it could do internally
Acting group chief executive Mohammed Mohamedy said that Gupta-linked companies Regiments and Trillian were contracted to secure loans for Transnet.
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Asian markets sink as Trump further stokes trade war fears
The announcement comes as trade tensions between the economic superpowers are rising after the US hiked tariffs on $200 billion of Chinese goods last week, to which Beijing retaliated.
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Tech giants vow to step up fight against online extremism
Executives from Google, Twitter, Facebook and Microsoft met with the leaders of France, New Zealand and other countries in Paris to unveil the "Christchurch Call" of voluntary commitments for online platforms.
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Nersa disputes Herman Mashaba's ‘misleading’ tariff hikes statement
In a statement on Tuesday, Johannesburg mayor Herman Mashaba said Nersa was ‘rewarding corruption at Eskom’ by telling municipalities to impose a 15.63% tariff increase.
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SA’s fortunes in Eskom’s hands - Ramaphosa
President Cyril Ramphosa said government would announce further plans in the State of the Nation Address about how it plans to deal with cash-strapped parastatal Eskom.
