Business In The News South Africa

Brown accused of exaggerating renewable energy prices

PARLIAMENT, June 20 – Public Enterprises Minister Lynne Brown and the department of energy were accused on Tuesday of exaggerating the price of renewable energy to win public support for Eskom’s contested nuclear expansion programme. Brown told Parliament’s portfolio committee on energy the actual current cost of renewable energy was R2.14 per kilowatt hour, compared […]

In The News South Africa

President Jacob Zuma sends condolences to Germany following former Chancellor Helmut Kohl’s passing

SOLLY MAKGANOTO South African’s President Jacob Zuma has on behalf of the Government and the people of South Africa conveyed a message of condolences to the Government and people of Germany following the passing on of former Chancellor Helmut Kohl. President Zuma recalled former Chancellor Helmut Kohl’s momentous role in the reunification of Germany during […]

Africa In The News

Attend Mugabe rallies or die, youths declare

HARARE, June 20 – Zimbabwean President Robert Mugabe’s party is reportedly threatening citizens with death and forcing schoolchildren to attend rallies of the aged leader ahead of Zimbabwe’s elections in 2018. Militant Zanu-PF youths are accused of human rights and electoral rights violations as Mugabe reportedly endures dwindling support for his decades-long stranglehold on power. […]

Business In The News South Africa

Tito Mboweni wages in on Public Protector’s findings against Absa

JOHANNESBURG, June 20 – Former governor of the South African Reserve Bank (Sarb), Tito Mboweni, on Tuesday waged in on the Constitutional amendment into the powers of Sarb as proposed by the Public Protector, saying that they were too fundamental. This comes after Public Protector Busisiwe Mkhwebane on Monday criticised Sarb for failing to recover R1.125 […]

In The News South Africa

Cosatu, Saftu welcome Public Protector’s Reserve Bank remedial action

JOHANNESBURG, June 20– Trade union federation Congress of SA Trade Unions (Cosatu) and its rival, the SA Federation of Trade Unions (Saftu) have welcomed Public Protector Busisiwe Mkhwebane’s directive that the Constitution be amended regarding the role of the SA Reserve Bank (Sarb), adding that nationalising the bank would assist in the emancipation of poor […]