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News24Wire

Malusi Gigaba named in bombshell Treasury report on rot at Eskom, Transnet

16th November 2018 National Treasury has released a bombshell report of more than 600 pages detailing the extent of rot at Transnet and Eskom over the last six years – and says Malusi Gigaba compromised the procurement process of controversial new Chinese locomotives. The report, compiled after a forensic... 

Court sets aside decision allowing coal mine in Mabola Protected Environment

9th November 2018 The North Gauteng High Court in Pretoria has set aside a 2016 decision allowing a new coal mine to be developed in the Mabola Protected Environment near Wakkerstroom, Mpumalanga. The decision had been made by of former mineral resources minister Mosebenzi Zwane and late environmental affairs... 

Bid to have Lonmin’s mining licence suspended heads to court

25th October 2018 The Mining Forum of SA heads to the North West High Court, Mahikeng, this week to have Lonmin's mining licence suspended. The forum says Lonmin has not met the commitments of its Social and Labour Plan (SLP), according to a GroundUp report. It also wants the mining rights of Lonmin-controlled... 

MCSA hopes Mandela Platinum Coin will rival Krugerrand

5th October 2018 CEO of the Minerals Council South Africa, Roger Baxter, was upbeat following the first day of the Jobs Summit, saying the industry has a proposal to improve platinum demand, a potential growth area. The sector has been in talks with government to develop a Mandela Platinum Rand in honour of the... 

46-year-old man dies in accident at Lonmin mine

2nd October 2018 A 46-year-old miner has died following an underground accident at Lonmin's K3 shaft on Sunday. According to a statement by Lonmin, Tembelani Manyana – who was a team leader – died in a "fall-of-ground accident". "Mr Manyana succumbed to head injuries while being evacuated from underground. This... 

Transnet head Gama given notice of termination, board confirms

28th September 2018 The Transnet Board has confirmed Transnet group chief executive Siyabonga Gama was given notice of termination, with ten days to justify why he should not be axed. In a statement, the Board said it had on Thursday served Gama with a letter explaining its decision, citing "serious violations" of... 

Mantashe to unpack finalised Mining Charter on Thursday

26th September 2018 Minister of Mineral Resources Gwede Mantashe will on Thursday morning brief members of the media on the finalised version of the Mining Charter. The long-awaited release of a renewed charter comes a week after Minister of Communications Nomvula Mokonyane confirmed that it had been approved by... 

Damage to West Coast beaches from mining can be kept to 'acceptable' levels, say consultants

26th September 2018 Consultants employed by Australian company Mineral Sands Resources (MSR) have acknowledged that the massive expansion of mining for mineral sands on 10 West Coast beaches north of the Olifants River estuary will cause unavoidable environmental damage, but claim that the damage can be reduced to... 

Guptas' flagship Oakbay faces liquidation application over R2m unpaid rent

11th September 2018 Business rescue practitioners appointed to save a Gupta business have filed an application for the liquidation of the Gupta's flagship company, Oakbay Investments, as a result of its failure to pay rent to another Gupta-owned company, Tegeta. In court papers filed in the Johannesburg High Court... 

Hawks investigate cases related to Gupta-loot worth more than R40bn

16th August 2018 The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40 billion which has been plundered from state coffers. Lieutenant General Godfrey Lebeya presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police on... 

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