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South African held for drug smuggling in Indonesia


Kathlyn Dunn was arrested at Lombok’s airport after arriving on a flight from Singapore, provincial police detective chief Ricky Simon Paays told reporters. “X-ray screening at the airport found suspicious materials inside the suspect’s suitcase. Two packages containing methamphetamine were later found in the lining of her suitcase,” Paays said, adding that the offence could carry a death penalty. Indonesia ... Read More »

South Africa Business Confidence Rises First Time in Six Months


South African business confidence rose for the first time in six months in July, boosted by exports. The index increased to 94.7 from 93.7 in June, the South African Chamber of Commerce and Industry said in an emailed statement Wednesday. Confidence is still lower than a year ago. Business confidence has slumped each month after reaching a record high in ... Read More »

Two bust for smuggling endangered pangolin in plastic bag on taxi

Ground Pangolin (Manis temminckii) facing camera, Namibia, October

An endangered male African pangolin has been found on a taxi‚ stuffed into a plastic bag by two men who were preparing to sell it for R20‚000. The rare creature was stolen from the Rampampa Mountains‚ just outside Mabeeskraal‚ Mogwase in the North West. Explaining how the creature – worth an estimated R400‚000 – was found and rescued‚ police spokesperson ... Read More »

South Africa’s biggest bank heist leaves trail of destruction


South Africa’s biggest bank heist took place without a single shot being fired. Thieves armed with explosives and assault rifles attacked dozens of armored vehicles delivering cash to the country’s lenders last year, stealing hundreds of millions of rand. They’ve allegedly been outdone by five bankers accused of siphoning off at least 1.5 billion rand (S$154.7 million) from VBS Mutual ... Read More »

Skilled personnel smuggled, exploited in South Africa


A charge of intimidation laid at Cape Town’s Muizenberg Police Station this week has apparently exposed a system of human trafficking that has smuggled skilled personnel into South Africa and then exploited them. The charge was laid by Pakistani national Muhammad Nawaz, who owns a small electronics repair shop in Muizenberg. The senior police officer who confirmed that Nawaz, a ... Read More »

Customs officials seize R20m in gold


Customs officials seized gold worth nearly R 20 million at the OR Tambo International Airport, thwarting an attempt to run it out of the country. South African Revenue Services (Sars) spokesperson Sandile Memela said in a statement that 39 gold bars were found hidden in the hand luggage of two passengers in the airport’s departure terminal. “Acting on intelligence, which ... Read More »

South African Airways flight attendant Priya Govender admits smuggling drugs into Perth from Johannesburg

Priya Govender - air hostess in Perth cocaine arrest.

A SOUTH African Airways flight attendant has pleaded guilty to trying to smuggle 6kg of cocaine through Perth Airport. Priya Govender was arrested in August after arriving in Perth on a flight from Johannesburg with the drugs hidden inside hollowed-out books in her bags. She was due to face trial in August for importing a commercial quantity of cocaine but ... Read More »

Ramaphosa ‘very pro business’ – presidential investment envoy


Ramaphosa, who has a union background, is often accused by labour of being too pro business, and by business of being too pro labour. President Cyril Ramaphosa is “very pro business, very pro capital” and recognises the importance of this in attracting local and international investment, according to businesswoman Phumzile Langeni. Langeni, who is the executive chairperson of Afropulse, is ... Read More »

South African economy projected to grow in 2018


South African gross domestic product shrank 2.2 percent in the first quarter, led by a slowdown in agriculture and mining, after expanding 3.1 percent in the final three months of last year. However, the survey of 24 economists taken in the past week forecast the economy would grow 1.7 percent this year. That was only 0.1 percentage point lower than ... Read More »

Two suspects arrested after business robbery in Alberton


A swift response by the police led to the arrest of two suspects and the recovery of three unlicensed firearms and a stolen vehicle in Alberton‚ east of Johannesburg. Police spokesman Captain Mavela Masondo said police had received information about a business robbery in progress in Van Riebeeck Street and had responded immediately. “Upon arrival at the scene‚ police noticed ... Read More »

South Africa’s richest man buys Vumatel to expand fiber business


A unit of Remgro bought part of fibre provider Vumatel as South Africa’s richest man seeks a greater share of the country’s expanding broadband network. Community Investment Ventures Holdings, in which Johann Rupert’s investment vehicle is the biggest shareholder, took a 35% stake in the fibre provider and has agreed to take full ownership at a later date, it said ... Read More »

Rand caps dramatic week at six-month low, stocks weak


The rand plummeted this week to reach the year’s lows, dragged down by weak economic growth and global investors shying away from riskier assets. At 14.21 on Friday, the rand was 13.10 to the dollar, down from the year’s peak of 13.28 earlier in the session. The currency was at its weakest level against the dollar since Dec. 18, Thomson ... Read More »

Government offers car makers tax breaks to double their production

Robot arms assemble cars at the Avto ZAZ plant, major Ukrainian car maker, in Zaporizhzhya, 500 km (311 miles) southeast of the capital Kiev, August 7, 2013. Struggling to bridge a large foreign trade deficit, Ukraine has, in particular, introduced new barriers against imports of goods ranging from cars to coke, a fuel produced from coal and used in steel production.  REUTERS/Gleb Garanich  (UKRAINE - Tags: TRANSPORT BUSINESS)

The government is proposing car makers, including Toyota, Ford and BMW, more than double production in return for tax breaks so generous the companies can ship the cars to Europe. The automotive industry accounts for about 7% of SA’s GDP and has been one of the few highlights of a period of sluggish economic growth, according to the National Association ... Read More »

7 arrested after Limpopo cash-in-transit heist


Seven people believed to be behind a cash-in-transit heist outside Polokwane on Monday have been nabbed and two bullet-riddled stolen vehicles, rifle ammunition, cartridges, explosives and money bags were retrieved in Seshego. Captain Matimba Maluleke of the Limpopo Hawks said on Tuesday that more arrests were imminent. The group was arrested following an “intensified operation” between the Hawks, a provincial ... Read More »

Ranked: The 10 biggest unit trusts in South Africa right now


We compiled a list of the 10 biggest South African unit trusts in the first quarter of 2018. Some R1.9 trillion is invested in SA unit trusts, down 3% from the last quarter. Unit trusts from Coronation, which was one of the biggest investors in Steinhoff, continued to feature in the top 10. There are currently some 1,261 registered unit ... Read More »

South Africa kidnappers make ransom demand in bitcoin


A gang that kidnapped a South African teenager from a playground at the weekend have demanded a ransom in bitcoin worth about $123,000, police have said. The 13-year-old boy was taken in the town of Witbank in the eastern province of Mpumalanga while he was playing with two friends near his home. Witnesses said a Toyota Corolla pulled up nearby ... Read More »

Tough trading conditions weighing on Imperial’s revenue growth in SA


JOHANNESBURG – Challenging trading conditions in South Africa were placing a handbrake on the revenue growth of listed Imperial Holdings’ logistics and motor businesses in the country. However, the listed transport and mobility group said yesterday it anticipated solid operating and financial results in the year to June. Imperial said it expected to produce double-digit growth in headline earnings a ... Read More »

Higher oil prices and weaker rand a risk to inflation – analysts

Interest Rate - Variable Interest Rate - a conceptual look at variable interest rates. Will they go up or down?

The South African Reserve Bank’s monetary policy committee (MPC) is expected to take a hawkish stance and keep interest rates unchanged next Thursday, analysts expect. The rand and other emerging market currencies lost gains made this week, given a rise in US Treasury bond yields to 3.11%. The local currency reached an intraday low of R12.82 to the greenback on ... Read More »

Corruption-linked police supplier’s offices closing, but business still running


For employees working at embattled police IT supplier Forensic Data Analysts (FDA), was the last day on the job. has reliably learnt that the offices of the company, which has been accused of wide-scale corruption in its police and State Information Technology Agency (SITA) contracts, have over the last few days closed their doors. The company’s landline has not been ... Read More »

Patient police nab drug dealer


The Ekurhuleni Metro Police Department (EMPD) nabbed a suspected drug dealer after hours of surveillance by its drug enforcement unit. EMPD spokesperson Chief Superintendent Wilfred Kgasago said officers were surveilling a man in the Springs area after receiving a tip-off “from a reliable source”. “The suspect’s vehicle was subsequently stopped and searched on Tonk Meter Road near N17 Hospital whereupon ... Read More »