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Economist, Dawie Roodt, has described the latest rand manipulation as a storm in a teacup that politicians are using to divert attention from their failures. Twenty eight banks, both international and local, are implicated in the alleged foreign exchange manipulation between 2007 and 2013. The Competition Commission recently fined British multinational bank, Standard Chartered, R42 million after it admitted to colluding in the fixing of the rand. On Monday, the […]

Minister in the Presidency, Khumbudzo Ntshavheni, says UK's Standard Chartered has agreed to testify as a witness in the prosecution of banks that colluded in the manipulation of the rand over the years. The bank is one of the five financial institutions that have admitted to taking part in the alleged foreign exchange manipulation scheme, 16 years ago. It is understood that they and 27 other local and international banks […]

Deputy Minister of International Relations, Candith Masego-Dlamini, says the government needs to take into consideration that shutting down the Israeli embassy may affect its diplomatic presence in Palestine. Masego-Dlamini has told Parliamentarians that the government is discussing the future of the embassy in Pretoria. On Thursday, EFF leader, Julius Malema, tabled the motion to have the embassy to be removed. Various parties, including the National Freedom Party (NFP) and Al […]

The family of 12-year-old Sibusiso Mbatha say it is disheartening to know that four adults were at the centre of their child's demise. The Grade 6 pupil from Kehlekile Primary school in Thokoza took his own life after he was bullied over his sexuality. An independent report implicated four officials, including the deputy principal, whose utterances were found to have contributed to Mbatha's suicide. The Gauteng Department of Education had […]

The body of a missing 18-year-old teenager, who drowned in the Klipvalley River in Soweto, has been recovered after a frantic search on Wednesday. It is reported the teenager slipped and fell while trying to get across the overflowing river in Kliptown on Tuesday afternoon. Search and recovery operations commenced on Tuesday afternoon and picked up again at 08h00 am on Wednesday. Emergency Services' spokesperson, Robert Mulaudzi, says his body […]

Political analyst, Levy Ndou, says the axing of COPE councillor, Colleen Makhubele, signals the continuation of political instability in the City of Johannesburg. Ndou says the residents of the city will continue to bear the brunt of the ongoing mayhem. The economic powerhouse of South Africa has been in limbo over the past few months, with the chopping and changing of mayors and council speakers. Recently appointed city manager, Floyd […]

Home Affairs Minister, Dr Aaron Motsoaledi, says the recently published White Paper On Citizenship, Immigration and Refugee protection sets out to overhaul the country's migration system. The white paper process was approved by Cabinet on the first of November and it seeks to provide a framework to guide the granting of residency and citizenship to foreign nationals, as well as the protection of refugees and asylum seekers. The drafting of […]

Cabinet Ministers, Blade Nzimande, Thulas Nxesi and ANC Secretary General, Fikile Mbalula, have rejected the bribery claims levelled against them by Professor Mthunzi Mdwaba as defamatory. The controversial businessman and scholar is accusing government officials of trying to solicit a R500 million bribe from a R5 billion UIF deal to create jobs. Mdwaba claims he was approached by three high-ranking government officials who solicited the bribe, claiming they were sent […]

International Relations Minister, Naledi Pandor, says no decision has been taken on Israel's Ambassador to South Africa. This as calls mount for the axing of the ambassador amid the escalating tensions in the Middle East. Earlier this week, Minister in the Presidency, Khumbudzo Ntshavheni, described the ambassador's presence in the country as untenable. Ntshavheni revealed that the ball is now in the hands of the Department of International Relations (Dirco) […]