In The News South Africa

There must be consequences for worst performing municipalities – Government

PRETORIA, June 21– Poorly performing South African municipalities, which perennially attain disclaimers from the Auditor-General should face harsh consequences, deputy cooperative governance minister Andries Nel said on Wednesday. “What concerns us very deeply is the fact that even though the number of municipalities getting disclaimers has decreased dramatically from 104 to 25, within those 25 […]

Africa Business In The News

Bond notes won’t address Zim macro-economic imbalances – World Bank

HARARE, June 21 ‑ Zimbabwe’s newly-introduced trade currency, the bond notes, will not address the country’s underlying macro-economic challenges, despite trade currency increasing the cash supply, boosting liquidity and attenuating deflationary pressures, the World Bank has said. In a report titled “Zimbabwe Economic Update: The State in the Economy”, released Wednesday, the World Bank said […]

In The News South Africa

MPs to include state capture in Molefe probe

PARLIAMENT, June 21– Parliament’s portfolio committee on public enterprises on Wednesday resolved to devote August to an in-depth probe of the circumstances surrounding Brian Molefe’s re-appointment to the helm of Eskom, including allegations of the Gupta family’s hold on the power utility. “The committee agrees that his re-appointment made us think of governance in the […]

In The News South Africa

Illegal immigrant dies in Limpopo crash

JOHANNESBURG, June 21 – A 42-year-old man died when a state vehicle transporting a group of immigrants from Limpopo to Gauteng’s Lindela Repatriation Centre overturned along the N1 near Makhado on Wednesday. Police spokesman Lieutenant Colonel Moatshe Ngoepe said a case of culpable homicide was opened. “The Department of Home Affairs vehicle was transporting seven […]