Ithala will continue to operate normally: High Court

File image: One of Ithala Bank branches. 1 minute The KwaZulu-Natal Development Bank, Ithala will continue to operate normally, but will not be taking deposits. This is according to a judgment, which the High Court in Pietermaritzburg delivered yesterday. Ithala had sought an urgent court interdict against the Repayment Administrator’s instruction in January that its…

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SACP, ANC plan joint body to speed up alliance reconfiguration

ANC President Cyril Ramaphosa with the SACP leadership. 1 minute The South African Community Party (SACP) and African National Congress (ANC) have agreed to set up a joint alliance consensus mechanism to speed up their reconfiguration programme. This follows a meeting between party leaders in Johannesburg on Monday. The meeting was led by ANC president,…

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Former F1 team boss Eddie Jordan dies of cancer at Cape Town home

Eddie Jordan during his F1 days 3 minutes  Eddie Jordan, the charismatic Irish entrepreneur whose team gave Michael Schumacher a Formula One debut in 1991 has died of cancer at home in South Africa aged 76, his family said on Thursday. Jordan, who later became a television pundit, entered the ‘Piranha Club’ world of grand prix racing with his eponymous…

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Manufacturing sector declines by 0.7% year-on-year in Jan

A general view of a production line of a car manufacturer. South Africa’s manufacturing sector has started the year on a weaker footing, with production slipping 0.7%  year-on-year in January. The decline was due to sharp contractions in the wood, paper, publishing and printing industry as well as the basic iron, steel and machinery division….

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Ramaphosa welcomes Microsoft’s plan to invest billions in SA

A Microsoft logo is seen outside one of their offices. 1 minute President Cyril Ramaphosa has welcomed software giant Microsoft plan to invest R5,4 billion in South Africa. The world’s biggest software maker made the announcement on Thursday, at the Microsoft South Africa head office in Johannesburg. President Ramaphosa delivered the keynote address during the…

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