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12 October 2018 7:18 AM Gold comes alive in biggest jump since '16 after equities roiled

On Thursday, prices posted the biggest gain since June 2016, when the UK voted to exit the European Union, after a slump in global equity markets stoked demand for the metal as a store of value. Bullion received another shot in the arm after data showing weaker-than-expected US inflation raised speculation that the Federal Reserve may slow the pace of interest 67

04 October 2018 7:00 PM Underperforming economy impacts electricity demand

A "lacklustre" economic environment has meant electricity generation decreased in August, while consumption moderated from the previous month's reading, an economist has said. Statistics South Africa (Stats SA) on Thursday issued data on SA's electricity generation and consumption. According to the data, electricity generated in August 2018 contracted 84

04 October 2018 10:38 AM Zim land beneficiaries to compensate white farmers, says govt

Beneficiaries of Zimbabwe’s controversial land reform programme will have to pay compensation to the displaced white farmers, a senior government official told parliament on Wednesday. Zimbabwe’s second president after long-time president Robert Mugabe, Emmerson Mnangagwa promised to compensate white farmers who lost their land during his predecessors 70

03 October 2018 12:58 PM World Bank cuts SA's economic growth forecast

The World Bank has cut its estimate for South African GDP expansion to 1% this year from 1.4%, it sees growth in 2019 remaining subdued as high unemployment constrains domestic demand. Overall for the sub-Saharan Africa region the World Bank reduced its forecast for economic growth as the external environment becomes less favorable amid mounting global 112

01 October 2018 12:36 PM Gordhan grounds high hopes for SAA niche routes

Minister of Public Enterprises Pravin Gordhan told Members of Parliament in a written reply that South African Airways (SAA) was not in a position to take advantage of niche routes with growing traffic, such as flights between Cape Town and Durban, and between Durban and Bangalore. Gordhan explained to Parliament that the national carrier was leveraging 123

28 September 2018 6:15 AM Boks desperate to avoid being one-Test wonders

Johannesburg - South Africa want to beat Australia for only the second time in seven Tests on Saturday and avoid being labelled one-match wonders after a stunning triumph over New Zealand. A seesaw season for the Springboks under new coach Rassie Erasmus has brought four wins and four losses with a thrilling 36-34 victory in Wellington this month the highlight 50

21 September 2018 1:37 PM Streak applies for Zimbabwe Cricket to be liquidated

Cape Town - Former Zimbabwe coach Heath Streak has applied to the High Court seeking an order for the provisional liquidation of Zimbabwe Cricket (ZC), saying the board is no longer able to pay it's debts. Streak, who was sacked as Zimbabwe coach in March, says ZC cannot meet its financial obligations after it recently failed to settle his severance 37

11 September 2018 5:24 PM Crime stats: Call for more police for the poor as murder rate climbs

A group of demonstrators from the Social Justice Coalition (SJC) marched to Parliament during the release of the annual crime statistics on Tuesday to demand the equal allocation of police resources. The group gathered outside Parliament while Police Minister Bheki Cele and national police commissioner Khehla Sitole announced the crime statistics 86

10 September 2018 3:13 PM White racism to blame for job losses, not the EFF – protesters after restaurant linked to Catzavelos closes

An EFF Johannesburg branch has hit back at claims that it was to blame for the job losses at the Braamfontein Smokehouse and Grill, which closed after EFF members invaded the restaurant last week. Twenty-nine staff members were left without jobs after the restaurant closed shortly after the protest that allegedly included the intimidation of workers 46

10 September 2018 9:32 AM Bulls lodge complaint over RFU conduct

Cape Town - The Bulls reportedly lodged a formal complaint with World Rugby over the conduct of the English RFU in its pursuit of coach John Mitchell. The Times of London newspaper reported over the weekend that the Bulls submitted their grievance through SA Rugby after it came to light that the RFU had approached Mitchell directly in June. However 64