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March 2018
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Posts Tagged ‘SA’
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March 2, 2018

Rand at strongest level in three years

“The rally in the local currency ‘continues unabated it seems and a slight dollar recovery last week has done nothing to dent this’”

The rand continued its winning ways on Monday morning, touching levels not seen since early 2015.

Positive sentiment towards SA was the recurring theme.

Foreigners were net buyers of local bonds to the tune of R12.3bn over the past week, helping the momentum in the rand, which acts a buffer against inflation.

Foreigners have also been aggressive net buyers of the local shares since December when Cyril Ramaphosa became the new of the new leader of the ANC.

With inflation now close to the mid-point of the [...]

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January 19, 2018

How Austin Malema Became South African Hip-Hop’s Most Sought-After Photographer

SA hip-hop’s most popular photographer shares his journey.

You’ve seen almost all your favorite South African mainstream rappers credit Austin Malema on their Instagram photos.

“I’ve done two campaigns for Ciroc with Cassper Nyovest,” he says, listing some of his accolades that not many of us are aware of. Right now, at his apartment, he is seated in front of his iMac where he is retouching a photo and sending an image of an album cover he is working on.

The past three or so years have been busy for the photographer. His recent portraits of the winners at the South African Hip Hop Awards (SAHHAs) in December went viral and he was the [...]

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January 18, 2018

British MP claims UK law firm complicit in state capture in South Africa

British politician Peter Hain has accused London-headquartered law firm Hogan Lovells of being complicit in state capture in South Africa.

Lord Hain, a Labour party peer and former anti-apartheid campaigner, is an outspoken critic of President Jacob Zuma, the Gupta family and companies he says have been involved in corruption linked to the SA government.

In his latest salvo in the UK House of Lords on Monday evening, Hain said that he had referred law firm Hogan Lovells to the UK’s Solicitors Regulation Authority (SRA) for allegedly enabling corruption at the SA Revenue Service (SARS).

The SRA is the independent body that regulates solicitors and law firms in [...]

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