SARB marks CODI’s first year protecting depositors

SARB 3 minutes The Reserve Bank has been celebrating the first anniversary of the Corporation for Deposit Insurance (CODI). Established in April last year, CODI seeks to ensure that part, if not all bank depositors’ funds are protected in the event of a bank failure. Funded by the banking sector, currently, CODI has a coverage…

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Government asked to relax requirements for mining licenses

A sand mine 2 minutes Some concerned truck owners, drivers and brick manufacturers from the Vhembe District are calling on the Department of Mineral Resources to relax requirements to attain mining licenses. They marched to the department in Polokwane in Limpopo to hand over a memorandum of demands. They are accusing the department of orchestrating…

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Overstrand mountain fire contained

The Hemel and Aarde Valley at Hermanus in the Overstrand on fire in this image captured on 17 November 2024. 1 minute The fire in the Hemel and Aarde Valley at Hermanus in the Overstrand Municipality in the Western Cape that broke out yesterday on the mountainside and spread towards Hawston has been contained. Overstrand…

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Matlala found with cellphone inside his cell, moved to C-Max section

Prison cell Controversial businessman Vusimusi “CAT” Matlala has been found with a cellphone inside his cell at Kgosi Mampuru Correctional Services in Pretoria.  The Correctional Services Department says this happened at the weekend. It has led to Matlala being moved to the C-Max section of the prison and is considered a high-risk inmate. Matlala is facing attempted murder charges; and is now linked to alleged corruption involving the Police…

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