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Rich foreigners flock to South African property
South Africa’s property market is rebounding as easing interest rates, a stronger rand, and renewed confidence draw wealthy regional buyers to luxury estates.
Taxpayers paid over R25 million for South African police officers to sit at home
Acting Police Minister Firoz Cachalia informed Parliament that suspended police officers received R25 million over an 18-month period.
News24 | ‘Colossal own goal’: UN boss blasts US exit from climate treaty
The United States’ decision to withdraw from the UN.‘s key climate treaty is a “colossal own goal” that will harm the US economy, jobs and living standards, United Nations climate chief Simon Stiell said on Thursday.
News24 | US seizes Russian oil tanker in North Atlantic, Moscow warns of escalating tensions
Russia on Thursday accused the United States of stoking tensions and threatening international shipping with its seizure of a Russian-flagged oil tanker in the North Atlantic a day earlier.
South Africa heading for a financial crisis
Economist Dawie Roodt has sounded the alarm bells for South Africa’s economy, warning that a financial crisis is coming if the country continues on its current path.
Taxpayers spend an additional R40 million to try curb overwhelmed police forensic laboratories
Acting Police Minister Firoz Cachalia told Parliament that SAPS has had to pay employees millions in overtime to help minimise the massive backlog of forensic cases.
News24 | Trump says US oversight of Venezuela could last years
The United States could oversee Venezuela and control its oil revenue for years, President Donald Trump said in an interview published on Thursday.
News24 | ANC seeks urgent talks with NFP over shock KZN coalition withdrawal decision
The ANC in KwaZulu-Natal says it plans to have a bilateral meeting with the National Freedom Party to discuss the implications of the NFP’s decision to withdraw from the government of provincial unity.
South Africans set to pay billions for Eskom mistake
South Africans are set to pay dearly for a proposed settlement between NERSA and Eskom, which could see consumers pay over 10% more for electricity this year.
World’s biggest bank backs these South African companies
South African food producers climbed to an almost eight-year high after JPMorgan Chase recommended buying the stock, citing robust prospects.
One thing South Africa gets right
While South Africa has a highly unsustainable debt pile, the country has managed to avoid one common pitfall among emerging market economies.
ANC given the cold shoulder from one of its closest allies
The SACP has rejected the ANC’s appeals not to contest the upcoming local government elections, signaling a dramatic break with its Tripartite Alliance partner and setting up a battle for the same voter base.
News24 | Knysna Day Zero: 13 days of water left, ‘every litre matters’
With Knysna’s main dam hovering at critically low levels, residents of the popular tourist town in the Western Cape have been warned that water rationing could soon become unavoidable, as authorities scramble to avert a full-blown water crisis.
News24 | Stanford residents warned to ‘prepare for any eventuality’ as wildfire rages
Landowners around Stanford in the Western Cape have been warned to “prepare for any eventuality” and be ready for active firefighting, as a wildfire blazes across the area.
Dark clouds gather over South Africa’s economy
South African manufacturers’ sentiment soured to a near six-year low in December, deteriorating further into contraction territory amid sluggish domestic demand and concerns about job growth.
News24 | Alleged Bryanston property hijacker arrested, 150 people removed during third raid
Johannesburg Metro Police Department officials have cleared a hijacked property in Bryanston, Johannesburg, of wendy houses and shacks, and have arrested the alleged hijacker.
WeBuyCars in hot water
WeBuyCars has responded to the approval of its settlement agreement with the NCC, emphasising that the affected cases are a tiny fraction of its sales.