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Is SA ready for foreign investment?

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JOHANNESBURG: The Infrastructure Research Development Centre (IRDC) on Monday said that relying on foreign investment for economic development always comes at a price, and that South Africa should prepare itself as it is on a quest for investment. President Cyril Ramaphosa will this week convene the inaugural South Africa Investment Conference where representatives of government, business, and labour will meet ... Read More »

New incentives for key SA industries

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JOHANNESBURG: Trade and Industry Minister Rob Davies said yesterday that the government was planning to introduce new incentives in key industrial sectors to revive the country’s moribund economy in an increasingly hostile international trade environment. Davies said that the government would target industries such as auto and agro-processing and continental trade relations as part of a package to draw investors ... Read More »

South African sentenced to death in Vietnam for drug smuggling

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For the first few days following his disappearance‚ the family of Tyrone Lee Coetzee searched high and low for him in South Africa‚ declaring him missing. However‚ news broke that the former Ferndale High School pupil had since been sentenced to death for smuggling cocaine into Vietnam from Brazil. His sister Chantal had taken to Facebook in 2016 to plead ... Read More »

South African finance minister criticized after testimony

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JOHANNESBURG: South Africa’s finance minister on Monday faced calls to resign after he acknowledged visiting the home of a business family linked to alleged corruption under former president Jacob Zuma. Opposition parties cited a South African media report that Finance Minister Nhlanhla Nene had offered to quit, saying President Cyril Ramaphosa should dismiss him to show commitment to clean government ... Read More »

City of Cape Town ranked top SA metro for doing business

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Cape Town Mayor Patricia de Lille says the World Bank’s findings follow the PwC report naming Cape Town as the top opportunity city in Africa. The City of Cape Town has been ranked the number one South African metropolitan municipality when it came to the ease of doing business, according to the latest World Bank research report on Doing Business ... Read More »

Vietnam sentences SA man to death for drugs

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A court in Vietnam’s Ho Chi Minh City sentenced a South African man to death after finding him guilty of trafficking nearly 1.5kg of cocaine. The Ho Chi Minh City Law newspaper said Tyron Lee Coetzee was convicted in a half-day trial. It said Lee was arrested in June 2016 upon arriving at the city’s Tan Son Nhat international airport ... Read More »

SAfrican 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 »

South African sentenced to death in Vietnam for drug smuggling

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For the first few days following his disappearance‚ the family of Tyrone Lee Coetzee searched high and low for him in South Africa‚ declaring him missing. however‚ news broke that the former Ferndale High School pupil had since been sentenced to death for smuggling cocaine into Vietnam from Brazil. His sister Chantal had taken to Facebook in 2016 to plead ... Read More »

African mules used to smuggle cocaine through Qatar

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Manama: Up to 75 per cent of the cocaine seized at Doha airport last year was from Brazil, an official said. “We have found out that 85 per cent of the cocaine from the Latin American country was merely transiting through Doha and that it was destined for consumption in African and Asian countries,” Ahmad Al Khayarain, an official at ... Read More »

South African held for drug smuggling in Indonesia

DRI nabs Malaysian citizen in an attempt to smuggle drugs worth Rs4m

Kathlyn Dunn was arrested at Lombok’s airport after arriving on a flight from Singapore on Thursday, 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 ... Read More »

A $50 billion fight over who owns South African Central Bank

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JOHANNESBURG: South Africa’s Lesetja Kganyago has a fight on his hands to protect the central bank’s $50 billion of reserves. More than eight months after the ruling African National Congress decided that the South African Reserve Bank should be state-owned, like most other central banks, the governor said his main concern remains to protect the regulator’s independence and mandate. But ... Read More »

South African sentenced to death in Vietnam for drug smuggling

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For the first few days following his disappearance‚ the family of Tyrone Lee Coetzee searched high and low for him in South Africa‚ declaring him missing. On Tuesday‚ however‚ news broke that the former Ferndale High School pupil had since been sentenced to death for smuggling cocaine into Vietnam from Brazil. His sister Chantal had taken to Facebook in 2016 ... Read More »

Concern over companies netting zero-rating tax benefits

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There is some concern from the state-appointed panel reviewing whether to increase the basket of zero-rated VAT items about producers netting the benefit from more items being added, according to panel member Professor Imraan Valodia. In the report released by Treasury on August 10, the panel had recommended that five additional items be added to the list of zero-rated products ... Read More »

South African held for drug smuggling in Indonesia

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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

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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

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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

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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

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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

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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 »