The Rand enjoyed broad stability for most of last week and in fact gained on all of the G10 currencies leading up to the ANC elective conference over the weekend. The Ramaphosa result helped it kick on from Monday. The rally was aided in part by a weaker US Dollar, although it advanced far further..
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Rand turbo-boosted in the wake of Ramaphosa win
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How South Africans reacted to Cyril Ramaphosa becoming ANC president
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South Africans have gone ballistic online after the news broke that Cyril Ramaphosa is the new ANC President. CR17 has won the day, or has it? After days of waiting, South Africans were finally greeted with the news that Cyril Ramaphosa has been officially elected as the new president of the ANC. With millions of..
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SA Rugby to remain mum on Coetzee’s future until 2018
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Those waiting on SA Rugby to announce the decision regarding embattled Springbok coach Allister Coetzee’s future will have to wait until next year before there is any word on that. In a media release on Friday, SA Rugby said that they would not be in a position to respond to questions on the matter until..
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Madonsela happy with court judgement on “reckless” Zuma
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The woman of the moment, former Public Protector Thuli Madonsela has welcomed Wednesday’s court ruling on the State Capture report. Madonsela says that the judgment made by Judge Dunstan Mlambo was in line with her own view of how President Jacob Zuma dealt with the report. “If someone says your house is burning, honestly, you’ve..
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“Russia could influence the ANC Elective Conference” – ISS researcher
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Well, Russia might as well make it a hat-trick after being accused of rigging the American elections of 2016, and Brexit votes in that same year. Now Putin and the gang are setting their sights on the ANC Elective Conference 2017. That’s according to Jackie Cilliers. He is a political scenario planner for the Institute..
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Coffin case duo denied bail
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Coffin Case duo, Theo Jackson and Willem Oosthuizen, were denied bail on Thursday, after bringing the application to the High Court in Middleburg pending the outcome of the application for leave to appeal. This, after Jackson’s representative, Advocate Wayne Gibbs, argued that his client, Oosthuizen, was not a flight risk as he had adhered to..
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Disguised remuneration settlement opportunity in the UK
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The new measure will introduce a loan charge on disguised remuneration avoidance schemes that remain unpaid on 5 April 2019. These types of schemes (including contractor loans) are used by employers and individuals and seek to avoid paying income tax and NICs. This is usually done by utilising a loan or other payment from a..
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Cyril’s backers crack the Rand’s multi-month slump
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With the two-horse ANC presidential race beginning to lean in favour of Cyril Ramaphosa, the market is starting to price in his victory and the Rand is firming up. This was compounded with the news that South Africa managed to dodge a bullet when Moody’s decided to postpone our credit rating downgrade until the political..
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South Africans involved in Commission probe of UK church
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A group of South Africans have become involved in the shocking disappearance of R6-million over in the UK, TimesLive reports. This disappeared from the coffers of a UK church and its associated charity. The two-year investigation under the auspices of the British Charity Commission has caused a divide in the congregation. The key flashpoint currently..
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South African court doubles Oscar Pistorius’s prison sentence
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A South African appeal court has more than doubled the former Paralympian Oscar Pistorius’s prison sentence for murdering his girlfriend, Reeva Steenkamp. The supreme court of appeal (SCA) increased Pistorius’s sentence from six years in prison to 13 years and five months. Pistorius killed Steenkamp, a model and law graduate, by firing four bullets from..
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