R/€ = 18.47 Change: -0.04
R/$ = 15.15 Change: 0.00
Au 1855.19 $/oz Change: -7.55
Pt 1098.33 $/oz Change: -11.56


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.

There was no alternative to Eskom's R1.68bn prepayment to Tegeta, says Koko Matshela

13th January 2021 Matshela Koko, the former head of generation at Eskom, told the state capture commission of inquiry that there was nothing wrong with a controversial R1.68 billion pre-payment which the power utility made to Gupta-owned Tegeta Exploration and Resources after the company clinched a coal supply... 

Former Eskom manager held 'secret' meetings with Tony Gupta over Tegeta contract

12th January 2021 Former Eskom manager, Ayanda Ntetha told the Zondo Commission of Inquiry on Tuesday that she had secret meetings with Tony Gupta at his Saxonwold home to discuss a coal supply contract between the power utility and Tegeta, a mining business owned by the politically connected family. Nteta, who... 

Gupta-linked firm was appointed to market and sell Alexkor joint venture diamonds, inquiry hears

8th January 2021 A firm which was appointed to market and sell diamonds for a joint venture that state-owned diamond mining company Alexkor was part of had links to the Gupta family, the judicial commission of inquiry into state capture heard. The commission, chaired by Deputy Chief Justice Raymond Zondo, held... 

The little-known laws that could galvanise South Africa's fight against corruption

8th January 2021 After more than 300 days and 2 000 hours of testimony, one of the clearest takeaways from the ongoing state capture inquiry is a repeated failure to report corruption. But according to lawyer Nick Alp of Webber Wentzel, South Africa's laws are clear and strict. Not reporting knowledge of, or even... 

Major US business group urges Pence, cabinet to remove Trump

7th January 2021 The head of a significant United States business group that represents 14 000 companies including Exxon Mobil Corp, Pfizer Inc and Toyota Motor Corp urged senior US officials to consider removing President Donald Trump from office after supporters of the outgoing president stormed the US Capitol.... 

OR Tambo bust: gold bars worth R61m seized, 3 arrested

4th January 2021 Three people were arrested at OR Tambo International Airport after gold bars, with an estimated street value of R61 million, were found in their luggage. National police spokesperson Colonel Athlenda Mathe said that the three were arrested on New Year's Eve after airport security alerted police... 

Legal tug-of-war shutters one of SA's richest chrome mines

18th December 2020 A chrome mine in Limpopo, potentially one of the richest in South Africa, has sat idle while a series of arcane court battles ensue between local and Chinese business interests. A development agency tasked with bringing employment to the area has lost its stake in the mine, and some 1 200... 

Sars freezes R2.8bn from Chinese rail company that paid Gupta kickbacks

9th December 2020 Days before R1.26-billion in frozen funds was due to be released to Gupta-linked Chinese rail group CRRC, the Gauteng High Court in Pretoria on Tuesday handed down an order that the monies remain frozen until the company provides a bank guarantee for the same amount to the South African Revenue... 

Eskom to move to stage 4 load shedding from 15:00, cuts to continue over weekend

2nd September 2020 Power utility Eskom says it will move from stage 2 to stage 4 load shedding at 15:00 on Wednesday due to "exceptionally high demand". Stage 4 power cuts will continue until 22:00. Eskom said cold weather had placed additional demands on the country's grid which was already severely constrained... 

Gwede Mantashe discharged from hospital

26th July 2020 Mineral Resources and Energy Minister Gwede Mantashe has been discharged after he was hospitalised for Covid-19 earlier this month. The Presidency confirmed that Mantashe was discharged from hospital on Sunday evening. 

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