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Posts Tagged ‘South African’
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May 17, 2018

EFF leader Malema to be sworn in at Pan African Parliament

The leader of the Economic Freedom Fighters (EFF) Julius Malema will be among five SA Members of Parliament to be sworn in at the opening ceremony of the sixth ordinary session of the Pan African Parliament (PAP) in Midrand, Johannesburg on Monday.

The others include National Council of Provinces (NCOP) chairperson Thandi Modise, Thoko Didiza the National Assembly house chairperson for internal arrangements, Mandlesizwe Zwelivelile Mandela, and Santosh Vinita Kalyan.

They are replacing Hunadi Mateme, Thandi Memela, Charles Nqakula, and Floyd Shivambu, while Kalyan will serve another two-year term, parliament said in a statement.

The five MPs were nominated for [...]

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February 26, 2018

Another fuel price cut on the cards for March

While the recent political changes have inspired a more jubilant mood among many South Africans, motorists will have even more reason to smile at the beginning of March, with current data indicating that a fuel price reduction is on the cards.

Mid-month data is pointing towards a petrol price decrease of around 30 cents a litre while the cost of diesel is likely to fall by approximately 40 cents and illuminating paraffin by 21 cents.

This would bring the price of 95 Unleaded down to R13.82 in Gauteng and R13.33 at the coast.

However, current trends indicate that an even bigger decrease is possible – depending on how oil prices and the currency play along [...]

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February 22, 2018

Black Panther is a milestone for the film industry

The film brilliantly represents a myriad of perspectives and arguments.

In a sign that the acting world’s respect for John Kani goes deep, Oscar winner Lupita Nyong’o and Danai Gurira both gestured with their arms folded into an X – the sign of Wakanda from their hit film Black Panther – when the South African acting legend entered the room.

On Friday, Nyong’o and Gurira joined Kani and actress Connie Chiume for the South African leg of the Black Panther press tour.

The film, which took in a staggering $75.8 million (R881 million) on Friday alone, was set to recoup its $200-million budget yesterday.

The first black man to play Othello is the living [...]

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February 15, 2018

Steinhoff scandal cost Government Employees Fund R20bn

The Government Employees Pension Fund (Gepf) lost about R20billion from the collapse of Steinhoff’s share price after the group admitted accounting irregularities.

This emerged from the hearings in Parliament yesterday when the Steinhoff supervisory board appeared before three parliamentary committees -the standing committees on finance, public accounts and public service and administration.

The Gepf said its Steinhoff shares were worth R24.1bn on November 30 last year but worth only R3.1bn on January 18 this year.

The Gepf holds 392million Steinhoff shares, about 9.1percent of all the group’s shares.

Senior National Treasury official Ismail Momoniat said [...]

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