Momentum has agreed to pay out the R2.4m policy of Nathan Ganas, who was shot dead during a hijacking at his Shallcross home in March last year. view more

The KwaZulu-Natal education department has revealed that cases of pupils being sexually and physical abused by teachers are on the rise. view more

The two men accused of murdering Wentworth mother Bianca Parsons appeared briefly in the Durban High Court this week/ view more

Two men appeared in the Richmond Magistrate's Court on Monday for the murder of Richmond Municipal Manager Sibusiso Edward Sithole. view more

In its latest quarterly report, the National Association of Automobile Manufacturers of South Africa (Naamsa) expects South African new-vehicle sales to reach 558 000 units this year, inching up from last year's 557 701 units. At this point in time, the association expects only a marginal improvement in sales in 2019, at 572 500 units. view more

The Ford Struandale engine plant, in Port Elizabeth, has started production of the new-generation diesel engines that are set to power the Ford Ranger Raptor and selected Ranger and Everest models that will be launched in the first half of 2019. The Port Elizabeth facility opened its doors in 1964 and has produced more than 3.4-million engines to date. view more

The Manufacturing Circle Investment Tracker (MCIT) for the third quarter of 2018 revealed stable investment spending in line with industry expectation and firmly above the neutral 50-point mark, with the overall index flat at 58 index points. Albeit stable on a quarter-on-quarter basis, the MCIT for the third quarter was lower than the 60-point level recorded in the third quarter of 2017 and 12 index points lower than the to 70-point level in the third quarter of 2016. view more

An Australian-Israeli startup says it has found a way to use water to power fuel-cell vehicles. Electriq-Global, formerly known as Terragenic, has developed a fuel that comprises 60% water. The company says its technology extracts hydrogen from the water-based fuel, which is then harnessed to power the vehicle. view more

President Cyril Ramaphosa may create a super ministry for economic policy as part of an overhaul of the nation's executive, according to three people familiar with the matter. The new ministry will combine various economic departments, including the National Treasury, to simplify policy formulation and avoid the duplication of roles, said the people who asked not to be identified as the information isn't public. The reassessment of the size of the cabinet will dovetail with a review of the role state-owned companies play in the economy, they said. view more

Power utility Eskom recently announced that it would be expanding its load shedding plan to eight stages, allowing for up to 8 000 MW to be shed from the national grid. It previously had four stages that allowed for up 4 000 MW to be cut.   The new schedule is "nothing to panic about", Eskom spokesperson Dikatso Mothae told Fin24 on Tuesday, and the risk of stages 5-8 being implemented was "very low". view more

The North Gauteng High Court on Tuesday ruled in favour of business organisation Sakeliga to interdict Eskom from interrupting electricity supply after Musina and other municipalities failed to settle their debts. "The first respondent be interdicted and restrained from implementing it's decision to interrupt or discontinue the electricity supply to the second respondent," read the court order. view more

Loss-making South African arms maker Denel has a problem as it fights to survive. Its potential saviour is Saudi Arabia, now drawing fierce criticism following the killing of journalist Jamal Khashoggi. But after being mismanaged for years and tainted by a far-reaching influence-peddling scandal, state-owned Denel now needs the kind of help that the deep-pocketed Saudis can provide. view more

South Africa this week celebrated its ten-year collaboration with CERN, the European Organisation for Nuclear Research, best known for major breakthroughs such as the discovery of the Higgs-Boson particle in 2012. South Africa's science community, together with the ambassadors from the French and Swiss embassies, gathered at the iThemba LABS, near Cape Town, on Monday, for the milestone conference to celebrate the collaboration. view more

South Africa is making strides in the field of physics, as well as steady progress in developing and appointing black researchers in the field, but is lagging way behind in gender equality, a study has shown. "Over the period 2005 to 2015, the impact of South African physics publications has risen from just below the world average to more than twice the world average, of all physics publications, not just nuclear physics," Department of Science and Technology (DST) deputy director-general Thomas Auf der Heyde said on Monday. view more

Public Enterprises Minister Pravin Gordhan on Tuesday took a swipe at his detractors, telling the State capture commission of inquiry that he does not submit to bullies. The minister is testifying for a second day at the commission of inquiry into State capture, led by deputy chief justice Raymond Zondo, being held in Johannesburg.  view more

The Independent Communications Authority of South Africa (Icasa) has launched an inquiry into the mobile broadband market as part of its efforts and interventions to reduce the high cost of communication in the country. The notice of intention, published last week, is the third intervention by Icasa following the widespread public call for a reduction in the cost to communicate, particularly with regard to high data costs. view more

Real estate investment trust Stor-Age has achieved a 9.1% year-on-year increase in dividends a share to 51.3c apiece for the six months ended September 30, underpinned by solid organic growth in its South African and UK portfolios and the successful integration of acquisitions. Stor-Age reported profit for the period of R112-million, compared with R136-million in the six months ended September 30, 2017. view more

Diversified real estate investment trust Dipula Income Fund on Tuesday reported double-digit growth in distributable earnings to R504.2-million for the year ended August 31. Dipula's property portfolio ended the year with a 25% higher value at R8.6-billion. view more

Public-interest law centre Section27 has released its long-awaited sanitation report, offering an overview of the state of school sanitation in Limpopo and calling on the Limpopo Department of Education (LDE) and the Department of Basic Education (DBE) to address the issue. The report, 'Towards safe and decent school sanitation in Limpopo: The most fundamental of dignities', finds that learners' rights to dignity, privacy, equality and a healthy environment are being violated by poor sanitation conditions at schools. view more

South Africa has developed a revolutionary new toilet that uses less than two litres of water for a full flush - saving around 700 litres of water a person every month. Normal lavatories use between six and 12 litres for each flush and account for 30% to 40% of a household's water use, so the new loo can save on water bills. Cape Town civil engineer Jonny Harris, who attended the World Toilet Day Dialogue at UCT on Monday, designed the micro-flush toilet.  Harris said in an interview at the ... view more

The South African National Taxi Council (Santaco) has acquired a 25 percent stake in SA Taxi for R1.7-billion, following several years of a mutually-beneficial working relationship. SA Taxi finances entrepreneurs who operate minibus taxis that may not otherwise have access to credit from traditional banks,with a view to helping improve the safety of public transport in South Africa. view more

XMP Consulting senior coal analyst Xavier Prevost expects South Africa's coal production to soon "drop drastically" as a result of low investment in new coal mining capacity and older mines reaching the end of their lives. Speaking to Mining Weekly Online on the sidelines of the Fossil Fuel Foundation's conference on clean coal technologies, in Glenhove, on Tuesday, he said South Africa was at "a point of transition". view more

President Cyril Ramaphosa said at a media briefing on Tuesday morning in Cape Town with German President Frank-Walter Steinmeier that there will be no land grabs in South Africa and that foreign investments in the country are safe. "Investors should have no fear that their land or investment will be taken," he said.  view more

The Hawks are investigating 311 cases involving municipalities across the country, the Department of Cooperative Governance and Traditional Affairs (Cogta) says. Cogta spokesperson Musa Zondi said 98 of the cases were in court, 178 were under investigation, and 35 were either finalised or withdrawn. And since the amendment of the Municipal Systems Act in 2011, 1 651 municipal employees have been dismissed for misconduct, including fraud, corruption, gross negligence and dishonesty. In that ... view more

Almost 24 hours after Carlos Ghosn's shock arrest, details are emerging of the alleged financial transgressions that have the auto industry titan facing jail-time in Japan, throwing the car alliance that he built into turmoil. Nissan Motor Co., one of three companies in the world's biggest carmaking union, paid "huge sums" toward Ghosn's residences in four cities around the world that weren't justified by the business, Japanese broadcaster NHK said Tuesday. Elsewhere in the local media, a picture is developing of how Ghosn's alleged violations of Japanese financial law may have come to light, with prosecutors reported to have entered into a plea-bargain with a foreign executive at Nissan. view more

South Africa's economic recovery plans face serious constraints with growing debt of state firms domestically and capital outflows as a result of global trade tensions, the International Monetary Fund (IMF) said on Monday. In October the global lender said it saw Africa's most industrialised economy expanding by 0.8% in 2018, down from a prior forecast of 1.5%. South Africa's Treasury predicts growth of 0.7%. view more

South Africa's economic recovery plans face serious constraints with growing debt of state firms domestically and capital outflows as a result of global trade tensions, the International Monetary Fund (IMF) said on Monday. "Some of the initial optimism has dissipated as growth remains stuck in low gear and reform implementation has faced constraints," the IMF said, naming the state power firm Eskom as a key risk. view more

The Jewel City development project in Johannesburg is coming to life, with the first sod turned on Monday and further development plans for the inner-city precinct unveiled. The sod-turning was attended by Johannesburg mayor Herman Mashaba and Sigma Capital executive chairperson Phuti Mahanyele. view more

The first new Xtra'polis Mega commuter train to be built in South Africa since the 1970s is undergoing final testing at transport consortium Gibela's train manufacturing facility in Dunnottar, Gauteng, ahead of being handed over before the end of 2018 to the Passenger Rail Agency of South Africa (PRASA). Gibela on Monday stated a second X'trapolis Mega commuter train is nearing completion, with a minimum of six trains scheduled to be delivered to PRASA by the end of the first quarter of 2019. view more

The State capture phenomenon had been around as early as 2014 in South Africa during former president Jacob Zuma's administration, Public Enterprises Minister Pravin Gordhan told the State capture commission of inquiry on Monday. He said individual corrupt activities, through procuring goods and services from third parties at inflated prices, has been around since 2009. view more

Eskom on Monday said it was not implementing load shedding but the power grid was stretched with a low possibility of load shedding for the rest of week. "We will keep our customers informed if there are any changes to the system. Eskom would like to thank its customers for assisting in keeping the power system stable by reducing their energy usage on Sunday when it implemented stage 1 load shedding," said Eskom group chief executive Phakamani Hadebe. view more

Barloworld is mulling the acquisition of another distribution deal with US equipment manufacturer Caterpillar, says Barloworld CEO Dominic Sewela. This follows the sale of the Iberia Equipment business in Spain for R2.5-billion. view more

Economic Development Minister Ebrahim Patel has said he declined several invitations from the Gupta family, including one to the now-infamous wedding at Sun City in 2013. In a written reply to a question from Democratic Alliance (DA) MP Michael Bagraim, Patel clarified that neither he nor employees of his department were influenced nor took instructions from the Gupta family or their associates. view more

Steinhoff's CEO Danie van der Merwe has decided to step down from this position at the end of December, the global retailer said in an update to shareholders on Monday.  He will be replaced by Louis du Preez, the group's current commercial director. view more

Leading up to the finalisation of its results for the year ended September 30, JSE-listed packaging company Nampak on Monday said that it expected its headline earnings per share (HEPS) for continuing operations to increase by between 12% and 17%. HEPS was 146.3c a share in the previous comparable period and would increase to between 163.9c and 171.2c a share in the 2018 financial year. view more

On the back of President Cyril Ramaphosa's recent investment drive and stimulus plan, integrated poultry producer Astral Foods has committed R1.1-billion to expansion projects over the next three years. This is the JSE-listed company's first major expansion in its poultry division in a decade and CEO Chris Schutte said on Monday that the investment would increase its poultry production capacity by 20% over the next ten to 15 years. view more

The finance required to close electricity and clean cooking access gaps remains "drastically short" of what is needed to meet global energy goals by 2030, international energy organisation Sustainable Energy for All states in its latest report. Titled 'Energizing Finance: Understanding the Landscape', the report analyses finance flows for electricity and clean cooking access in countries across Africa and Asia with the most significant access gaps. view more

Public Enterprises Minister Pravin Gordhan said he had to consult with officials at National Treasury and ''refresh his mind'' on events and meetings he took part in back when he was finance minister. Testifying in the commission of inquiry into State capture, chaired by Deputy Chief Justice Raymond Zondo, Gordhan said ageing played a role in memory lapses as he recollected his time as minister of finance between 2004 and 2009. view more

State-owned power utility Eskom needs a firm plan of action to make it more efficient and productive and its monopoly on electricity must be broken, the main opposition Democratic Alliance (DA) said on Monday. Eskom was forced to implement an emergency blackout on Sunday, referred to as stage one load shedding, after revealing that five of its coal power stations have less than 10 days of coal supply left. view more

The battery boom is coming to China, California and basically everywhere else - and it will be even bigger than previously thought. The global energy-storage market will surge to a cumulative 942 GW by 2040, according to a new forecast from Bloomberg NEF published on November 13, and that growth will necessitate $620-billion in investment. view more

Eskom is proposing executive job cuts and a reorganisation of management units in an effort to improve the South African utility's financial position, according to a document seen by Bloomberg. Eskom, which produces about 90% of the nation's electricity, hired Boston Consulting Group earlier this year to help develop long-term strategic plans for the company, and Lazard for financial advisory services. The internal memo seen by Bloomberg has been informed by their input. view more

Public Enterprises Minister Pravin Gordhan is expected to deliver his much-awaited testimony on Monday at the State capture inquiry in Johannesburg. Gordhan was said to be angry after his sworn statement, prepared for the judicial inquiry into State capture headed by Deputy Chief Justice Raymond Zondo, was leaked to the media before his appearance. News24 previously reported that the statement details how:Zuma invited Gordhan to Pretoria to meet Ajay Gupta; Gordhan greeted and saw some of the ... view more