ANC chairperson and National Assembly speaker Baleka Mbete could face sanction from her own party for allowing the motion of no confidence against President Jacob Zuma to be conducted by secret ballot. The Mail & Guardian has learned that the ANC’s top brass, particularly those in Zuma’s camp, are furious with Mbete for her secret..
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Mbete in hot water over secret ballot choice
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ANC Ekurhuleni backs Nkosazana Dlamini-Zuma
The ANC Ekurhuleni region announced that it will back former African Union (AU) Commission chairperson Nkosazana Dlamini-Zuma as their candidate to succeed Jacob Zuma as the next party president. Briefing journalists in Benoni on Tuesday, ANC regional chairman Mzwandile Masina said the regional general council currently underway, has resolved that Dlamini-Zuma was the best candidate..
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Stocks Rebound as Korean Fears Abate; Gold Steady: Markets Wrap
… assets began to fade, although gold and the Swiss franc held … a statement of independence from South African Reserve Bank Governor Lesetja Kganyago … lowest in almost six weeks. Gold rose less than 0.05 … to $1,309.75 an ounce. Gasoline for September delivery rose …
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N.Korea missile stuns global markets
World stock markets spiralled lower on Tuesday after North Korea fired a ballistic missile over Japan, deepening geopolitical worries but sending the euro and gold hurtling higher. Pyongyang fired the missile over Japan and into the Pacific Ocean, in a …
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South African Markets – Factors to watch on August 29
… political events may affect South African markets on Tuesday. ECONOMIC … reports full-year results. SOUTH AFRICAN MARKETS South Africa's rand weakened … Japan early on Tuesday. GOLD Gold prices rose for a … stories out in the South African press: BUSINESS DAY – …
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Pravin Gordhan – SA is not for sale
South Africa’s future lies in the hands of active citizens who must stand up and make sure that state coffers are not looted by individuals with personal motives, says former finance minister Pravin Gordhan. Speaking at the Gandhi Lecture in Mountain Rise, Pietermaritzburg on Friday night, he decried alleged looting of state funds by the..
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Gigaba lashes out against ‘hysteria’ over SAA bailout
Finance Minister Malusi Gigaba has spoken out against what he termed hysteria that has been created around the options government is considering to recapitalise South African Airways (SAA). He was speaking at a briefing at Treasury following a meeting with the steering committee of the CEO Initiative on Friday. He emphasised that government is still..
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Eskom wants to give Molefe R11-million golden handshake
Public Enterprises Minister Lynne Brown this week quashed yet another bid by Eskom’s board to pay former CEO Brian Molefe a multimillion-rand golden handshake. The request to pay Molefe a settlement of R11.2-million was made to Brown by interim board chairman Zethembe Khoza. It came just months after the minister rejected an initial bid to..
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Illegal miners swallow gold in condoms
… country are swallowing unrefined gold and platinum in condoms … . Illegal mining has plagued South Africa’s mining sector for … gold once passed through the body. Illegal mining in South Africa … year, saw the relative gold price rise, encouraging illegal …
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Pan Africa granted 20-year water-use licence for Elikhulu Tailings project
… yield 56 000 ounces of gold a year in its first … is scheduled to produce first gold in the final quarter of … than U.S.$550 per ounce,” Loots said. “Elikhulu’s capital … a substantial investment in the South African mining industry and is expected …
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