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Get ready for R16, R17 or even R19 to the dollar this year: economists

Get ready for R16, R17 or even R19 to the dollar this year: economists

South Africa’s currency has taken a beating since it was revealed that finance minister Pravin Gordhan is facing criminal charges – but even more pain lies ahead.

Business, Finance - By Staff Writer | 30 August, 2016
Here is the expected petrol price for September

Here is the expected petrol price for September

Renewed oil price strength, and a turnaround in the rand/US dollar exchange rate, have put the brakes on the substantial drops in fuel prices suggested by mid-August data.

Energy - By Staff Writer | 30 August, 2016
Top Eskom coal experts still suspended one year after saying Gupta coal was rubbish

Top Eskom coal experts still suspended one year after saying Gupta coal was rubbish

Eskom’s top coal experts remain suspended a year after raising a red flag over the quality of coal received from Tegeta Exploration and Resources, the Gupta-controlled mine.

Government - By Staff Writer | 30 August, 2016
Gordhan is vindicating the law by ignoring police unit

Gordhan is vindicating the law by ignoring police unit

When an elite crime-fighting unit investigates a member of Cabinet, what does the rule of law require? In South Africa the Directorate for Priority Crime Investigation (the Hawks) have been circling finance minister Pravin Gordhan.

Government - By The Conversation | 30 August, 2016
5 things you need to know in South Africa today

5 things you need to know in South Africa today

Treasury has a secret last resort “nuclear bomb” if Gordhan is given the boot; the Eskom/Gupta probe reveals some messy secrets; economists say that South Africa is junk; and the Eastern Cape ANC wants Zuma out – here’s what’s happening in SA today (30 August)

Business, Finance, Government - By Staff Writer | 30 August, 2016
How much money robbers make in South Africa – and how they target you

How much money robbers make in South Africa – and how they target you

An interview with a notorious gang of robbers has shed some light on how crime is committed in South Africa.

Lifestyle - By Staff Writer | 29 August, 2016
5 things the ANC wants you to know about Zuma, the Guptas and Gordhan

5 things the ANC wants you to know about Zuma, the Guptas and Gordhan

It’s not president Jacob Zuma’s fault the rand is jumping around, and the Gupta’s decision to disinvest in South Africa is bad news for black business in the country, according to ANC deputy SG, Jesse Duarte.

Government - By Staff Writer | 29 August, 2016
DA says it can stop e-tolls in 2019

DA says it can stop e-tolls in 2019

The Democratic Alliance says it will only be able to put a stop to e-tolls in 2019, having pledged to “ramp-up the fight against e-tolls” in the run up to the local elections.

General - By Staff Writer | 29 August, 2016
Gordhan’s Treasury rakes Eskom over the coals

Gordhan’s Treasury rakes Eskom over the coals

Eskom resisted efforts by Treasury to co-operate with the process of reviewing the power utility’s coal contracts, the ministry said in a statement on Monday.

Government - By News24Wire | 29 August, 2016
FNB just killed the biggest credit card myth

FNB just killed the biggest credit card myth

Women spend less than men in nearly every category of credit card expenditure, including online shopping, says First National Bank.

General - By Staff Writer | 29 August, 2016
DA says no to ‘jobs for pals’ in newly won municipalities

DA says no to ‘jobs for pals’ in newly won municipalities

The Democratic Alliance has stressed that there will be no ‘jobs for friends’ in senior positions at those municipalities it recently won in Gauteng in the local elections.

General, Government - By Staff Writer | 29 August, 2016
Black vs white middle class in South Africa

Black vs white middle class in South Africa

New data reveals a surge in South Africa’s black middle class, which has more than trebled over the past 12 years, while the white middle class has shrunk over the same period.

Business, Wealth - By Staff Writer | 29 August, 2016
Rand tanks amid concerns that Gordhan could be arrested

Rand tanks amid concerns that Gordhan could be arrested

The rand was under pressure in morning trade on Monday, reaching its weakest level in more than four weeks against the dollar amid concerns that finance minister, Pravin Gordhan , could be arrested.

Finance - By Staff Writer | 29 August, 2016
Zuma is running out of time: analysts

Zuma is running out of time: analysts

With increasing division in his party, a narrative of state capture and corruption that refuses to go away, and calls for an early ANC elective conference, the past few weeks indicate that president Jacob Zuma’s grip on power may be waning.

Government - By Staff Writer | 29 August, 2016
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