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LATEST South Africa  

FastJet courts potential SA investors

13 Mar 2015 /  Mike Cohen, Bloomberg  
Aims to be the first pan-African discount airline.

SABC non-exec director removed

13 Mar 2015 /  Sapa   1
The board passed a vote of no confidence in Hope Zinde and removed her from the post.

Joburg’s iconic tower mirrors city’s ups and downs

12 Mar 2015 /  Sapa  
A new strategy focusing on security, rather than luxury, is restoring confidence in Ponte Tower.

NUM may seek to double wages for lowest paid members

12 Mar 2015 /  Reuters  
In upcoming wage talks for the gold, coal and diamond sectors.

SA’s January manufacturing output down 2.3% y/y

12 Mar 2015 /  Reuters  
After a revised 0.9% growth in December.

Focus on Africa’s junior miners in June

12 Mar 2015 /  Sungula Nkabinde  
Junior Mining Indaba to stimulate sector by dealing with funding challenges.

Eskom CEO, FD, two other top executives suspended

12 Mar 2015 /  Antoinette Slabbert   9
It would be highly irregular for the Eskom board to suspend top execs without any suspicion of wrongdoing - Charl Kocks.

Eskom CEO suspended

UPDATE
12 Mar 2015 /  Reuters, Moneyweb   2
Along with other execs.

Eskom says chairman to give ‘status’ update

12 Mar 2015 /  Reuters  
Power utility may sell some of its assets to raise capital to upgrade its ageing infrastructure.

Land claim risks halting South Africa renewable energy project

12 Mar 2015 /  Xola Potelwa, Bloomberg  
A land claim brought against SA’s largest sugar farmer threatens to stop a R1.1bn renewable-energy project.

In South Africa, ranchers are breeding mutant animals to be hunted

12 Mar 2015 /  Kevin Crowley, Bloomberg   1
Rich marksmen pay a premium to shoot “Frankenstein freaks of nature”

Rand recoups some losses, could fall further

11 Mar 2015 /  Reuters  
The dollar is expected to continue exerting heavy pressure on currencies across emerging markets.

No need to pay back Nkandla money: Zuma

11 Mar 2015 /  Sapa  
"The Public Protector has not said pay back the money"

Trade activity receded in Feb – Sacci

11 Mar 2015 /  Sapa  
Constraints in electricity supply had a 'more sous effect on trade than first anticipated'.

Sibanye Gold says 11 miners face arrest for union violence

11 Mar 2015 /    
Union rivalry has been spreading in the gold sector since the five-month long platinum strike.
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