The Editor

Patrice Motsepe deals and buys majority stake at TymeBank

JOHANNESBURG – Billionaire Patrice Motsepe’s ambitions to own a bank got a shot in the arm on Friday after his investment vehicle, African Rainbow Capital Investment (ARCI), received the green light by Prudential Authority to acquire a majority stake in…

Mastering the delay game, Steinhoff

Steinhoff International marked the anniversary of when its 2017 financial year results were originally scheduled to be released by announcing a further delay until April. “Unfortunately, despite significant efforts being exerted by all parties, it is now clear that the…

Simphiwe Ngema reaches a milestone, 1m Instagram followers

Local actress Simphiwe Ngema celebrated reaching an impressive milestone on Instagram. The Isidingo actress reached 1 million followers on the social media platform, and took some time to thank her fans for the continued love and support. Writing a beautiful post of…

Eskom on stage 2 load shedding, Thursday

JOHANNESBURG – South Africans can brace for another day of power cuts as Eskom warns of a high probability of stage two load shedding. Technicians worked throughout the night to bring more units back online as a result of a…

South Africa Out Of Recession

The SA economy has officially exited the recession after reporting 2.2% GDP growth for the third quarter of the year, Stats SA announced on Tuesday morning at a briefing in Pretoria. SA slipped into a technical recession during the first…

British Museum to return African artifacts to Nigeria.

More than a century after British soldiers looted a collection of priceless artifacts from the Kingdom of Benin, some of the Benin bronzes are heading back to Nigeria – with strings attached. A deal was struck last month by the…

National Parliament Passes Customary Initiation Bill

CAPE TOWN – The National Assembly has passed the Customary Initiation Bill, aimed at regulating initiation schools and in so doing, reducing the number of initiate deaths. Over 400 initiates have died over the last six years. Deputy Minister of…

NSFAS receives over 400,000 funding applications for 2019

The application process opened in September ended on Sunday after a two-day extension. CAPE TOWN – The National Student Financial Aid Scheme (NSFAS) has received over 400,000 applications for funding for the 2019 academic year. The application process opened in September ended…

AFCON : CAF Disqualifies Sierra Leone from 2019 – Kenya & Ghana Qualify

The Confederation of African Football (CAF) has disqualified Sierra Leone from the 2019 Africa Cup of Nations (AFCON) qualifying campaign. The decision was taken by CAF’s Executive Committee in Accra on Friday, and the news mean Group F’s leaders Kenya…