The rand has briefly touched R14,80/US$ after the constitutional court ruled that President Jacob Zuma must pay back a portion of the money spent on security upgrades at Nkandla. At the time the ruling was concluded at around 11am on Thursday, the rand
The constitutional court has found that President Jacob Zuma acted inconsistently with the constitution when he failed to comply with the public protector’s remedial action on the
The Public Protector’s remedial action against President Jacob Zuma over the upgrades to his Nkandla home were binding, the constitutional court said on Thursday. “The remedial action taken against
A little more than a month after the constitutional court heard arguments in the Economic Freedom Fighters’ and Democratic Alliance’s application for an order that President Jacob Zuma repay some of the R246m spent on his Nkandla home, the court
The rand has broken the R15/US$ ceiling on Wednesday after US Fed chair Janet Yellen surprised on Tuesday night with dovish comments, depreciating the dollar against most currencies. “A need for caution is all it took from Janet Yellen in a speech
Economic Freedom Fighters leader Julius Malema will graduate from Unisa on Wednesday with a Bachelor of Arts degree. Malema will attend the official graduation ceremony in Pretoria, at the Unisa main campus, on Wednesday evening
Legal documents indicate that South Africa did sign a nuclear deal with Russia, environmentalists who have taken the government to court alleged on Wednesday. In its legal proceedings against the department of energy, Earthlife Africa and the Southern African
Finance Minister Pravin Gordhan has answered the Hawks questions regarding the alleged South African Revenue Services “rogue” unit on Wednesday, stating that the unit acted lawfully as far as he is aware. “I am advised that the Sikhakhane Panel
An increase in the fuel levy, together with international petroleum price hikes, mean consumers should be ready for a stiff fuel price increase in April, according to the Automobile Association. “Including the additional 30c/l fuel levy, petrol is likely to see
Former finance minister Des van Rooyen said on Wednesday he does not believe billionaire Johann Rupert influenced his redeployment a few days after his appointment as minister. An EWN reporter quoted the cooperative governance minister on Twitter
