# Former Ekurhuleni city manager Imogen Mashazi and suspended human resources head Linda Gxasheka have each been granted 50-thousand-rand bail by the Germiston Magistrate’s Court in Gauteng. They face charges of fraud, corruption and defeating the ends of justice on the blue lights saga, alleged protection of suspended Ekurhuleni Metro Police deputy chief Julius Mkhwanazi, […]
# Financial experts are warning retirees during Savings Month to avoid withdrawing too much from their living annuities, saying high drawdown rates can quickly erode retirement savings. While living annuities offer flexibility, experts say a sustainable annual withdrawal of about four to five percent helps preserve capital. They also caution that inflation remains a major […]
# Eskom group CEO Dan Marokane received a total remuneration package of 11.728-million-rand in the previous financial year. The utility says the package reflects performance after returning to profitability, with a pre-tax profit of 23.9-billion-rand. Employee costs rose to 45.4-billion-rand, including 5.4-billion-rand in performance incentives aimed at retaining critical skills. Despite operational gains, Eskom continues […]
# The Madlanga commission has granted Witness N in camera testimony with her identity protected. Evidence leader Mahlape Sello says she is part of the political killings task team investigating matters at the University of Fort Hare in the Eastern Cape. She says revealing her identity could compromise that investigation, and colleagues. Sello says the […]
# The Automotive Business Council, Naamsa, has defended the Automotive Production and Development Programme against calls for it to be scrapped. The industry body says the programme is an investment in South Africa’s industrial economy, not a subsidy for manufacturers. It says the programme generated about 137-billion-rand in local value addition and supported more than […]
# The South African government and the United Nations have signed a five-year Cooperation Framework Agreement in Pretoria today, to support the country’s development priorities and the Sustainable Development Goals. Minister of Planning, Monitoring and Evaluation, Maropene Ramokgopa, signed on behalf of South Africa and the UN’s Resident Coordinator Nelson Muffuh, represented the UN. The […]
# Boxing: The vacant WBC Africa Heavyweight Championship will headline Golden Gloves’ Magic at the Palace tournament in Johannesburg this week. Heavyweights Jose Kadima and Herbert Matovu will battle over ten rounds for the prestigious continental title. Fight Week officially began with the mandatory medicals and press conference, where fighters faced off ahead of the […]
# Anti-corruption expert Albertus Schoeman has told the Madlanga Commission that South Africa should consider non-conviction-based confiscation to tackle unexplained wealth more effectively. Schoeman said proving criminal conduct can be costly and time-consuming, diverting resources from major corruption cases. Schoeman suggested using financial disclosure systems as evidence to identify undeclared assets, allowing quicker sanctions against […]
# The Madlanga Commission has heard that corruption within the SAPS follows three key patterns. Anti-corruption expert Albertus Schoeman testified that these include the abuse of authority to obstruct investigations, the leaking of confidential information to criminal networks, and the manipulation of procurement processes for personal gain. Schoeman warned that organised crime has exploited weaknesses […]
