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ANC alleged to have received R80 million in Prasa train bribes: report

ANC alleged to have received R80 million in Prasa train bribes: report

Damning allegations from Passenger Rail Agency of South Africa (Prasa) chair, Popo Molefe, claim that the ANC received R80 million in bribes through the controversial R3.5 billion Afro 4000 train deal.

Finance, Government - By Staff Writer | 26 August, 2016
‘Zuma does not care much about what happens to the economy’: Suttner

‘Zuma does not care much about what happens to the economy’: Suttner

South Africa’s elite police unit, the Directorate for Priority Crime Investigation also know as the Hawks, this week summoned the country’s Finance Minister Pravin Gordhan to appear at its offices to receive a warning statement.

General - By The Conversation | 26 August, 2016
More South Africans are ‘borrowing’ cash to maintain their living standards

More South Africans are ‘borrowing’ cash to maintain their living standards

The latest Consumer Credit Index from TransUnion shows that while South African credit health has improved slightly, consumers are feeling the pressure and turning to urgent credit sources to keep afloat.

Finance - By Staff Writer | 26 August, 2016
5 things you need to know in South Africa today

5 things you need to know in South Africa today

Gordhan’s list of allies is growing as DP Cyril Ramaphosa breaks his silence; former SARS officials met the Hawks, but weren’t charged; and SA could face a tax revolt, the tax ombudsman warns – here’s what’s happening in and affecting SA today (26 August)

Finance, Government - By Staff Writer | 26 August, 2016
This is who is lined up to take over Gordhan’s role as finance minister

This is who is lined up to take over Gordhan’s role as finance minister

Research analysts Nomura have highlighted four possible candidates who could take over from finance minister Pravin Gordhan should president Jacob Zuma succeed in his apparent move to give the minister the boot.

Finance, Government - By Staff Writer | 25 August, 2016
Watch: Zuma roasted by ANC heavyweight

Watch: Zuma roasted by ANC heavyweight

Businessman and former director general of the Department of Labour, Sipho Pityana, has torn into the current leader ship of the ANC, and president Jacob Zuma in particular.

General - By Staff Writer | 25 August, 2016
Everyone can finally get their smart IDs from these bank branches

Everyone can finally get their smart IDs from these bank branches

Home Affairs Minister Malusi Gigaba says just over 35,000 applications for Smart ID Cards and passports have been received through the recently-launched eHomeAffairs portal to date.

General - By Staff Writer | 25 August, 2016
How Zuma plans to get rid of Gordhan

How Zuma plans to get rid of Gordhan

Formal police charges against finance minister Pravin Gordhan present the perfect opportunity for president Jacob Zuma to reshuffle his Cabinet under the pretence of rooting out corruption.

Government - By Staff Writer | 25 August, 2016
S&P warns over Naspers earnings in 2017

S&P warns over Naspers earnings in 2017

S&P Global Ratings has revised its outlook on South Africa-based media and e-commerce group Naspers to negative from stable.

General - By Staff Writer | 25 August, 2016
Why Zuma is so desperate to get rid of Gordhan

Why Zuma is so desperate to get rid of Gordhan

Research analysts give insight into why President Jacob Zuma is trying to get rid of finance minister Pravin Gordhan as a matter of urgency.

Government - By Staff Writer | 25 August, 2016
Prasa chair to transport minister: We won’t stop investigations

Prasa chair to transport minister: We won’t stop investigations

Prasa chairperson Popo Molefe says that he does not agree with a request by Transport Minister, Dipuo Peters, to stop an investigation into potentially corrupt multi-billion rand contracts.

General - By Staff Writer | 25 August, 2016
Watch: Armed gangs stealing anti-retroviral drugs from SA hospitals

Watch: Armed gangs stealing anti-retroviral drugs from SA hospitals

A report reveals how clinics in Soweto have been targeted by armed gangs who steal antiretrovirals to produce Nyaope, a highly addictive drug.

General - By Staff Writer | 25 August, 2016
Smart ID cards rolling out to more bank branches

Smart ID cards rolling out to more bank branches

Home Affairs plans to expand its Smart ID Card applications at bank branches by the end of October, following the success of the pilot project, Minister Malusi Gigaba said on Wednesday.

Government - By News24Wire | 25 August, 2016
5 things you need to know in South Africa today

5 things you need to know in South Africa today

The Sars Wars continue as the market wonders what’s still in store for Pravin Gordhan; the Gupta’s mining company is threatening Treasury with legal action; and a 0% fee hike for universities is possible – but there’s a big barrier blocking the way.

Business, Finance - By Staff Writer | 25 August, 2016
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