Vincent Smith steps down from duties to allow probe over alleged payments

Business Day

  • Ramaphosa’s dream of growth in tatters

SA will struggle to register barely positive growth for 2018. That is the reality facing President Ramaphosa, six months after he was swept to power on a wave of optimism that he would reverse the decay of the Zuma years.

  • MTN slides on Nigeria’s $2bn claim for taxes

MTN’s Nigerian nightmare shows no sign of abating. Not a week after being hit with a shock $8.1-billion claim by Nigeria’s central bank, MTN shares dived a further 17% on Tuesday to close at their lowest in 12 years.

READ MORE: Nigeria hits MTN with new, $2bn tax bill

Discovery’s emerging businesses pay off

Discovery saw all of its emerging businesses turn profitable for the full year to June as the group positions itself as a global financial services player.

Daily Sun

  • Tighten your belts

In what could be seen as a blow to President Ramaphosa’s presidency, South Africa has officially entered a technical recession.

READ MORE: SA’s economy dips into recession dashing economists hopes

Another ANC leader gunned down

The ANC in eThekwini said it was saddened by the brutal killing of its ward 12 leader. Thulani Nxumalo was gunned down while entering his home at Kwandengezi on Monday night.

The Citizen

  • ‘Zuma costs SA R1-trillion’

South Africa lost a potential R1-trillion in gross domestic product to bad governance during the last few years of Jacob Zuma’s term, according to Nedbank chief economist, Dennis Dykes.

  • Cops’ ammunition shortage enters sixth month

The Tshwane Metro Police Department chose to remain tight lipped on whether they have a firearm ammunition shortage, but assured residents of adequate services.

Sowetan

  • TUT students differ on protest support

A fresh protest that saw bins burnt and the main campus of the Tshwane University of Technology trashed on Tuesday has left students divided.

  • ANC MP steps down to allow probe

ANC MP Vincent Smith has asked to be removed as chairperson of Parliament’s constitutional review committee until a probe into allegations that he received large sums of money from a private consortium is finalised.

READ MORE: Jackson Mthembu to quiz Vincent Smith over alleged Bosasa payments

The Star

  • Cash-strapped SABC gets R1.2bn state guarantee

The cash-strapped SABC has been handed a R1.2-billion government guarantee to allow it to be able to borrow much-needed money from commercial banks.

  • Nzimande slammed for e-toll comment

Cosatu has slammed SACP general secretary and transport minister Blade Nzimande, saying he was speaking out of turn and without a mandate from the ANC-led tripartite alliance by justifying the continued use of e-tolls on Gauteng roads.

News from around the world:

Senate Democrats tore into Judge Brett M. Kavanaugh, painting him as a narrow-minded partisan while the remainder of the hearing verged on pandemonium. Judge Kavanaugh, who finally had the microphone hours later, portrayed himself as an impartial jurist and affable family man. (The New York Times)

The NHS could face a bill of almost £500-million a year to hire overseas staff as a result of Brexit and the government’s immigration policies, hospital doctors have said. (The Guardian)

Almost four million children in the UK live in households that would struggle to afford to buy enough fruit, vegetables, fish and other healthy foods to meet the official nutrition guidelines, a groundbreaking food poverty study reveals. (The Guardian)

Jebi, or “swallow” in Korean, was briefly a super typhoon and is the most powerful storm to hit Japan in 25 years. (Reuters)

The United Nations says the rival militia factions that have been fighting in Libya’s capital Tripoli for the past week have agreed a ceasefire. At least 47 people have been killed and 1,800 families internally displaced by the violence, officials say. (BBC)

Advertisting

Unions slam move to cut wage bill

Cosatu rejects job losses and a wage freeze for public servants, calling this ‘a declaration of war’

Coronavirus: South Africa will evacuate citizens from Wuhan

The government is expected to evacuate citizens from Wuhan, where the coronavirus outbreak originated

Primedia CEO Essack leaves following internal battles

Omar Essack leaves the 702 and 94.7 owners after a protracted standoff with the board

‘We’re satisfied with SA’s land reform policy’— US Ambassador

Top US official is lobbying multinational firms to invest in South Africa

Press Releases

Over R400-m given to businesses since launch of three-minute overdraft

The 3-minute overdraft radically reduces the time it takes for businesses to have their working capital needs met

Tourism can push Africa onto a new path – minister

The continent is fast becoming a dynamic sought-after tourist destination

South Africa’s education system is broken and unequal, and must be fixed without further delay

The Amnesty International report found that the South African government continues to miss its own education upgrading targets

Business travel industry generates billions

Meetings Africa is ready to take advantage of this lucrative opportunity

Conferences connect people to ideas

The World Expo and Meetings Africa are all about stimulating innovation – and income

SAB Zenzele Kabili B-BBEE share scheme

New scheme to be launched following the biggest B-BBEE FMCG payout in South Africa’s history

Digging deep

Automation is unstoppable, but if we're strategic about its implementation, it presents major opportunities

TFSAs are the gymnasts of the retirement savings world

The idea is to get South Africans to save, but it's best to do your research first to find out if a TFSA is really suited to your needs