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1-10 results from 846 for query «rand»

October 30, 2018 1:54 AM Malusi Gigaba: South Africa minister ‘blackmailed’ over sex video

South Africa’s security services have been accused of hacking a politician’s phone after a sex tape emerged. The 13-second video of Home Affairs Minister Malusi Gigaba masturbating on his own was widely circulated. His spokesman accused security services of stealing the video from his phone and he accused an opposition politician of leaking it. The spokesman 16

October 18, 2018 2:00 PM Afreximbank loans Zimbabwe $500 million as dollar crisis worsens

The African Export Import Bank (Afreximbank) says it is finalising a $500 million loan facility for Zimbabwe, to help secure the foreign-currency starved southern African country’s imports. Zimbabwe is experiencing a shortage of foreign currency, blamed mainly on a huge trade deficit caused by the collapse of its key agriculture and manufacturing sectors 10

October 16, 2018 3:50 PM SA opposition backs leader implicated in corruption

The leader of South Africa’s opposition Economic Freedom Fighters (EFF) has backed his deputy Floyd Shivambu, who has been implicated in a banking corruption scandal. Mr Malema told a packed news conference in Johannesburg that the EFF has “full confidence” in Mr Shivambu. “The deputy president [of the party] has taken the EFF in his confidence. We have no reason 15

September 17, 2018 3:27 PM Media reports the main reason Standard Bank kicked Guptas to the kerb

The bank’s retired head of legal also said they were following Absa’s lead, amid concern that the family was up to no good. Standard Bank’s retired head of legal Ian Sinton testified on Monday before the Commission of Inquiry into State Capture on Monday about why his bank decided to shut down business accounts linked to the controversial Gupta family 10

August 21, 2018 6:29 AM Nando’s to open four more branches

ZSE — listed Simbisa Brands Limited plans to open four new branches of its Nandos subsidiary within the next 12 months, as well as refurbish some of the existing restaurants. Speaking at the official opening of the newly refurbished Msasa Food Court — rebranded to Casa Msasa — Simbisa Brands managing director Warren Meares, said it took them nearly nine weeks 30

August 14, 2018 6:57 PM South Africa to eradicate pit latrine toilets in schools

South Africa is to get rid of all pit latrines in state schools within two years after a five-year-old pupil drowned in a toilet in March. “This is an initiative that will save lives and restore the dignity of tens of thousands of our nation’s children,” President Cyril Ramaphosa said. Pit latrines are holes in the ground covered with a platform – and many are shoddily 20

March 25, 2018 12:13 PM Zim could earn $200m/yr if it adopts Rand, claims Minister

Zim could earn $200m/yr if it adopts Rand, claims Minister VICTORIA FALLS: Finance deputy minister Terrence Mukupe has said Zimbabwe is losing a potential $200 million per annum which it can earn if it joins the Common Monetary Union and adopt the South African rand. Zimbabwe adopted a multi-currency system in 2009 but the US dollar resultantly overrode 136

February 16, 2018 1:38 AM Ramaphosa succeeds Zuma as South African president… promises to tackle corruption

Cyril Ramaphosa has become South Africa’s president a day after embattled leader Jacob Zuma resigned. He was the only candidate nominated by parliament, which is dominated by his African National Congress. MPs broke into song at the announcement. In his first presidential speech, Mr Ramaphosa, 65, said he would tackle the corruption which allegedly became 47

October 21, 2017 3:57 PM Biti Unmasks Hopeless Chinamasa

Former Finance minister Tendai Laxton Biti has no kind words for President Robert Mugabe’s government which he said cannot be expected to fix Zimbabwe’s problems and he tells Deputy Chief Writer Tendai Kamhungira in this interview that it would be foolhardy to expect the regime to mend the economy when it is responsible for its current mess. A: I think 34

October 16, 2017 11:52 AM Zimbabwe police scaring tourists including 10-year-olds!

Zimbabwe is an expensive tourist destination if one measures the value of the Rand (or Pula) against the Dollar and consider the most expensive border fees in the region. The average South African middle class tourist, therefore, really has to save up and budget when considering a holiday in Zimbabwe. It is such a scenic country that a visit, nevertheless 66