# Statistics South Africa says business liquidations increased in April, rising by 17-percent compared to the same month last year, from 199 to 233 cases. Stats SA’s Onica Mushwana says over the three months to April, liquidations were up by 8.8-percent, while the first four months of this year saw a 3.7-percent increase compared to […]
# Parliament’s ad hoc committee investigating police corruption has made adverse findings against Police minister Senzo Mchunu, who is currently on special leave. The report found Mchunu issued a directive to disband the political killings task team without proper consultation and sent the instruction to a junior official instead of the national police commissioner. It […]
# President Cyril Ramaphosa says land restitution is about restoring dignity and correcting historical injustice. The president led a title deed handover ceremony in Setlagole in the North West. Over 300 households in Setlagole and Madibogo received title deeds under government land reform programmes, while farmers were granted full ownership of previously leased state land. […]
# Three foreign nationals have been remanded in custody until 5 June after appearing in the Musina Magistrate’s Court in Limpopo in connection with a nearly one-billion-rand drug bust at the Beitbridge border. The suspects, a Malawian man and woman and a Zambian man, were arrested after Border Management Authority officials intercepted a Malawi-registered truck […]
# EFF leader Julius Malema says the party wants the Phala Phala impeachment committee to be chaired by someone outside the government of national unity to ensure a fair and transparent process. Malema, who is expected to serve on the committee, believes an independent chairperson would strengthen public confidence and reduce the risk of political […]
# Home Affairs minister Leon Schreiber says a major drug bust at the Beitbridge border in Limpopo is one of the most significant successes against cross-border drug smuggling in recent years. Yesterday a truck from Zimbabwe was intercepted carrying drugs worth nearly one-billion-rand, believed to be used in the production of Mandrax. Schreiber added the […]
# Build One South Africa says the seven-percent interest rate increase will make life harder for households and businesses already under financial pressure. The party argues the 25-basis point hike will raise debt repayments when many people are already struggling to get through the month. BOSA’s Roger Solomons says the government must urgently focus on […]
# North-West University Business School economist, Raymond Parsons, says the South African Reserve Bank’s decision to raise the repo rate by 25-basis points to seven-percent is a precautionary move against future inflation. However, Parsons added that there is still limited evidence of stronger inflation expectations, and the timing of the hike is debatable given the […]
# The City of Cape Town says a positive outlook from Moody’s Ratings is a strong vote of confidence in its governance, financial management and service delivery. The ratings agency has upgraded the city’s outlook from stable to positive, citing strong financial performance, high revenue collection, low debt levels and sound financial planning. Mayoral committee […]
