# Rand Merchant Bank has expanded its Asia-Africa strategy by opening Rand Merchant Advisory in Beijing to strengthen ties with Chinese businesses investing across Africa. RMB says the new office will support cross-border trade, investment, foreign exchange and transactional banking as China-Africa trade exceeds 5.8-trillion-rand. The bank says the expansion builds on its Shanghai presence […]
# The Ditsobotla Local Municipality in the North West has signed a Distribution Agency Agreement with Eskom to help address its 1.7-billion-rand debt to the power utility. Under the agreement, Eskom will receive electricity revenue first through a structured repayment plan. National Cabinet Representative Kopung Ralikontsane says the municipality has struggled to service its debt […]
# The United Africans Transformation says president Cyril Ramaphosa’s interim court victory does not absolve him from accountability over the Phala Phala matter. UAT spokesperson Mighty Mabule says the Western Cape High Court’s decision to temporarily halt Parliament’s Section 89 impeachment process is a procedural ruling and not an acquittal. Mabule argues that Ramaphosa must […]
# Eskom has extended its public consultation process regarding the City of Johannesburg’s electricity debt until 22 August. The city has paid more than 4.3-billion-rand since May, however it still owes 3.8-billion-rand in overdue debt. The city has pledged to pay more than 5.1-billion-rand by 21 August to avoid electricity supply interruptions. Eskom spokesperson Daphne […]
# President Cyril Ramaphosa has expressed sadness at the passing of anti-apartheid activist Shantavothie “Shanthie” Naidoo Tweedie at the age of 91. Ramaphosa described her as a hero who dedicated her life to the struggle for a free and non-racial South Africa. Naidoo Tweedie endured detention, solitary confinement, banning orders and imprisonment for refusing to […]
# ActionSA has reaffirmed its support for the full insourcing of security guards in the City of Johannesburg. The party says some guards, insourced under former mayor Herman Mashaba’s administration, are being underpaid despite working 12-hour shifts. ActionSA’s Nandi Ndaba says insourcing has already improved salaries and employment benefits while reducing reliance on labour brokers. […]
# Madlanga Commission evidence leader Advocate Adila Hassim has questioned the medical evidence supporting North West businessman Suliman Carrim’s application to postpone his testimony. Hassim told the Commission that professional medical guidelines discourage treating doctors from providing independent assessments of a patient’s fitness to participate in legal proceedings. She argued that an independent medical evaluation […]
# Dis-Chem co-founder Ivan Saltzman has resigned as a non-executive director with immediate effect, ending nearly five decades of leadership at South Africa’s leading pharmacy retailer. Saltzman, who founded the company with his wife Lynette in 1978, had already stepped down as an executive director in June after serving as chief executive until 2023. His […]
# The Madlanga Commission has reserved judgment on North West businessman Suliman Carrim’s fifth application to postpone his testimony. Carrim says ill health following a heart attack has prevented him from appearing. Evidence leader Adila Hassim opposed the request, presenting CCTV footage and cellphone geolocation data stating that it contradicts claims that Carrim’s movements were […]
