Business In The News South Africa

SA civic organisation calls for action against municipalities over VBS Bank investments

JOHANNESBURG, March 12 – The South African National Civic Organisation (SANCO) has called for action against municipalities that invested their finances with the troubled Limpopo-based VBS Mutual Bank. This follows South African Reserve Bank (Sarb) Governor Lesetja Kganyago’s announcement on Sunday that the bank had been placed under curatorship. VBS is facing a liquidity crisis after […]

Business In The News South Africa

Viceroy report into Capitec an attempt to downgrade SA banking sector – Sanco

CAPE TOWN, January 30- The South African National Civic Organisation (Sanco) on Tuesday said United State-based research group Viceroy’s report into Capitec Bank was an attempt to downgrade SA’s financial and banking sector and to undermine an economy that is on the rebound post the African National Congress (ANC) conference which elected Cyril Ramaphosa as […]

In The News South Africa

Sanco calls for extraordinary measures to curb Durban N2 rock throwing incidents

JOHANNESBURG, January 7 – The South African National Civic Organisation (Sanco) on Sunday urged the KwaZulu-Natal road traffic management authorities and municipalities to put in place extraordinary measures to curb rock throwing incidents on the N2 and ensure that those responsible for deaths and life threatening incidents face the wrath of the law. Sanco condemned […]

In The News South Africa

Sanco want SA Human Rights Commission to probe racism at Klub Zanandi

BRITS, December 28 – The South African National Civic Organisation (Sanco) wants the South African Human Rights Commission (SAHRC) to probe racism allegations at Klub Zanandi outside Brits, the civic body said on Wednesday. Klub Zanandi situated on the old Rustenburg-Pretoria road, near Damdoryn in Hartebeespoort Dam allegedly turned away black clients. “The shocking allegations […]

Business In The News South Africa

Metrorail must provide alternative transport for Cape Town commuters – Sanco

CAPE TOWN, December 12 – The South African National Civic Organisation (SANCO) on Tuesday called on rail service provider Metrorail to provide alternative transport for commuters left stranded by the suspension of its service on the key Central Line in Cape Town. The civic organisation said that the inconvenience and frustration caused to the working […]

In The News South Africa

ANC announces new deployees to head parliamentary committees

PARLIAMENT, October 20 – The African National Congress (ANC) on Friday announced it was deploying 10 MPs to serve in senior positions in Parliament following vacancies left by cabinet reshuffles and resignations from Parliament.   The National Assembly (NA) would see five new appointments.   Lungi Mnganga-Gcabashe, who serves on the human settlements portfolio committee, […]

In The News South Africa

Cape Town’s Philippi East murders call for urgent review of crime prevention strategy – Sanco

JOHANNESBURG, October 1 – South Africa’s national crime prevention strategy needs to be urgently reviewed for additional resources to be allocated to communities terrorised by violent crimes, gangsterism, and drugs, the South African National Civic Organisation (Sanco) said on Sunday. This comes in the wake of the murder of 11 people in shooting incidents in […]