insert_link South Africa Nedbank South Africa has rejected claims by the Special Investigating Unit and Transnet over rate swap transactions Nedbank South Africa has rejected claims by the Special Investigating Unit and Transnet over alleged 2.7-billion-rand interest rate swap transactions for one-thousand-and-64 locomotives. The case risks erasing 20-percent of Nedbank's 2023 earnings. SIU spokesperson Kaizer Kganyago told the SABC the swaps, linked to state capture between 2015 and '16, should be voided: todayJuly 30, 2024 10
insert_link South Africa S.A Political analyst has advised former president Jacob Zuma to accept his expulsion from the ANC S.A Political analyst, Ongama Mtimka has advised former president Jacob Zuma to accept his expulsion from the ANC. The ANC's national disciplinary committee found him guilty of misconduct. Zuma, who campaigned against the ANC with the MK Party, has 20 days to appeal. Mtimka urges Zuma not to appeal the expulsion: todayJuly 30, 2024 41
insert_link South Africa ANC secretary-general Fikile Mbalula accuses former president Jacob Zuma of undermining the party’s integrity ANC secretary-general, Fikile Mbalula accuses former president Jacob Zuma of undermining the party’s integrity and campaigning against the party while claiming to retain membership. In a media briefing, Mbalula confirmed that the national disciplinary committee found Zuma guilty of misconduct, with expulsion as the chosen sanction, though he can appeal the decision. He condemned the MK Party leader for undermining electoral and judicial systems, inciting unrest, and aiding right-wing opposition […] todayJuly 30, 2024 7
insert_link South Africa South Africa is changing its retirement rules to help boost country savings: how it will work By Adrian Saville, University of Pretoria A study of 160 countries, spanning 60 years of economic history, establishes that there is no country that has been able to transition from “poor to prosperous” without a high savings rate. And that households - in other words you and me - are one of the most important contributors to a country’s overall level of savings rate. Yet, […] todayJuly 29, 2024 17
insert_link South Africa DA Calls for Urgent Probe into Malotana’s Appointment as Gauteng Health Head The DA in Gauteng says it has written to the Public Protector to request an urgent investigation into the suspicious appointment of Arnold Lesiba Malotana as the head of the provincial Department of Health. The DA’s Jack Bloom says during a meeting of the provincial legislature's health committee, Health, and Wellness MEC, Nomantu Nkomo-Ralehoko announced that Malotana was no longer the acting head of the department, having been made permanent […] todayJuly 29, 2024 29
insert_link South Africa City of Cape Town says Transnet must expedite private sector involvement in the port operations The City of Cape Town says Transnet must expedite private sector involvement in the port operations, and the development and maintenance of a liquid bulk terminal at the Port of Cape Town. Mayoral committee member for Economic Growth, James Vos, says the port’s performance impacts a diverse range of critical products, from agricultural goods to high-value exports like wine and seafood: todayJuly 29, 2024 6
insert_link South Africa S.A union Cosatu says a renewed AGOA needs to include provisions to support compliance with fair labour practices S.A union, Cosatu says a renewed AGOA needs to include provisions to support compliance with fair labour practices and penalise employers who flout labour laws. Cosatu’s Matthew Parks says AGOA has increased investments by US companies, supporting 450-thousand direct, value chain, and indirect South African jobs. He adds the country’s mining, manufacturing, and agricultural sectors benefit from the large volumes of exports to the US: todayJuly 29, 2024 8
insert_link South Africa City of Cape Town’s electricity teams attended to almost 19-thousand primarily storm-related faults in the past two weeks The City of Cape Town’s electricity teams attended to almost 19-thousand primarily storm-related faults in the past two weeks. Ongoing winter storms have wreaked havoc across the city, resulting in damages in excess of 16.6-million-rand to date on power infrastructure alone. Mayoral committee member for Energy, Xanthea Limberg, says the city’s Area South, which includes Mitchells Plain, Muizenberg, Wynberg and Gugulethu, recorded the highest incidents of damaged infrastructure: todayJuly 29, 2024 10
insert_link South Africa Eastern Cape premier says justice Maya’s appointment as chief justice paves the way for future generations of women Eastern Cape premier, Oscar Mabuyane says justice Mandisa Maya appointment as chief justice paves the way for future generations of women in law and leadership. The provincial’s government spokesperson, Khuselwa Rantjie says her achievement is a beacon of hope and inspiration, demonstrating that with hard work and determination, anything is possible. She adds Maya’s appointment is a significant milestone in South Africa’s journey towards gender equality and representation: todayJuly 29, 2024 7
