R/€ = 19.33 Change: 0.03
R/$ = 17.14 Change: 0.03
Au 1793.03 $/oz Change: 12.61
Pt 839.87 $/oz Change: 20.18


News24’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country. Powered by the country’s leading journalists, and headed by the News24 editorial team.

Govt will ease some restrictions from May 1

23rd April 2020 President Cyril Ramaphosa has announced a five-level “risk-adjusted strategy” where the country will slowly ease lockdown restrictions starting 1 May. From 1 May, there will be some activity allowed, subject to extreme caution. Some businesses will be allowed to resume under specific conditions.... 

Billions wiped off South Africa market in minutes amid global bloodbath

16th March 2020 The JSE’s all share index started the week with an instant loss of 6% in opening trading, as global panic selling intensified. Last week, the JSE lost 15% of its value – and suffered two of its biggest crashes in the past forty years. On Monday, the JSE’s all share index dropped by more than 6%,... 

Medupi's killer fumes: The story of a power station's missing air scrubbers

3rd March 2020 Eskom's megapower station Medupi is suffocating South Africa in more ways than one: It is not just a financial black hole; it is also a health and environmental catastrophe. And the installation of crucial technology to make it less poisonous has once again been delayed. For years, Eskom has... 

Court declares major Gupta-era coal contract with Eskom invalid

21st February 2020 The Special Investigations Unit has secured a high court order setting aside a contract worth R3.7-billion between the formerly Gupta-owned mining group Tegeta Exploration & Resources and State power utility Eskom, according to Ministry of Justice and Correctional Services. According to the... 

Three alleged illegal miners arrested with gold-processing equipment worth R5m

20th February 2020 Three alleged illegal miners arrested with gold-processing equipment worth R5-million were expected to appear in the Westonaria Magistrate's Court in Gauteng on Thursday for illegally processing gold. The men, aged 21 to 47, were arrested on Wednesday on premises in Zuurbekom, west of Johannesburg. 

Ten arrested for stoning of 'zama zama' miners after shootout with cops

12th February 2020 Following a shootout with suspected illegal miners on Wednesday, police have arrested ten people that they believe are linked to the stoning and killing of ten illegal miners in Roodepoort in January. Police launched a manhunt earlier this year after the bodies of nine men, who were identified as... 

State looking to create power generation entity 'outside of Eskom'

3rd February 2020 Minister of Mineral Resources and Energy Gwede Mantashe told reporters on the sidelines of the Investing in African Mining Indaba in Cape Town that the government hoped to create a new power generation entity distinct from Eskom. Mantashe told reporters during a briefing after his address that he... 

Mining companies can generate own power without licenses – Mantashe

3rd February 2020 Minister of Mineral Resources and Energy Gwede Mantashe told delegates at the Mining Indaba in Cape Town on Monday that government had conceded that it must allow mining companies to produce energy for their own use.  is remarks echoed sentiments from an address he made on Sunday evening about... 

Families of deceased Lily Mine employees to receive legal assistance

23rd January 2020 Legal papers will be served on the mining company and government entities involved in the deaths of three mine workers at Lily Mine in 2016, People's Dialogue founder Herman Mashaba said on Wednesday. Speaking at a press briefing in Rosebank, Mashaba said the families and colleagues of the... 

Eskom warns of collapse without higher tariffs as it faces regulator in court

15th January 2020 Eskom says if it is not granted tariff increases it wants from March this year, its finances might collapse, triggering a national crisis, as both the State’s credit ratings and consumers’ well-being would suffer. The power utility - which is battling to keep the lights on due to aging power... 

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