Business In The News South Africa

Energy Minister mulls criminal charges over sale of SA’s strategic fuel stocks

PARLIAMENT, May 30 – Energy Minister Mmamoloko Kubayi on Tuesday told MPs she was considering criminal charges relating to the sale of 10.3 million barrels of South Africa’s strategic fuel reserves. Briefing Parliament’s portfolio committee on energy, Kubayi again confirmed the fuel stocks were “sold” and not rotated as was claimed by her predecessor Tina […]

In The News South Africa Sport

Newly-promoted Thanda Royal Zulu in talks to sell their PSL franchise

DURBAN, May 30– Newly-promoted Thanda Royal Zulu have entered into talks with AmaZulu over the potential sale of their Absa Premiership status, Usuthu communications officer Brilliant Makhathini has confirmed. The Durban club has been desperate to get back to the Premier Soccer League (PSL) top-flight ever since their relegation in 2014/15. In 2015, AmaZulu attempted […]

In The News South Africa

Aspen welcomes DA retracting allegations of anti-competitive conduct

JOHANNESBURG, May 30 – Aspen Pharmacare on Tuesday welcomed the the Democratic Alliance’s (DA) retraction of allegations of anti-competitive conduct previously made against the pharmaceutical company. This comes after the DA last month requested the Competition Commission and Medicines Control Council to investigate reports in the UK and locally that staff at Aspen had conspired […]