Godongwana places troubled Ditsobotla Bank under resolution

Finance Minister Enoch Godongwana has placed the Ditsobotla Primary Savings and Credit Cooperative Bank Limited (DCB) in resolution, effective August 1. This follows the Reserve Bank’s recommended intervention to protect depositors’ interests. The Reserve Bank says the DCB has failed to meet regulatory requirements for an extended period, was operating at a loss, and could…

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FlySafair still open to talks with disgruntled pilots: Gordon

A FlySafair plane taking off. FlySafair Chief Marketing Officer, Kirby Gordon, says they are still open to negotiations with their disgruntled pilots. FlySafair pilots have rejected the airline’s 5,7% wage increase offer, sticking to their demand of a 10,5% salary hike. The standoff threatens to disrupt flights for up to two weeks, jeopardising passenger confidence….

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Masemola announces the suspension of his deputy Sibiya

Deputy Police Commissioner Shadrack Sibiya In just over two days after President Cyril Ramaphosa placed Police Minister Senzo Mchunu on a leave of absence, National Police Commissioner General Fannie Masemola has announced the suspension of his deputy and Crime Detection head, Shadrack Sibiya. Lieutenant-General Sibiya and Minister Mchunu are implicated by KwaZulu-Natal Police Commissioner Nhlanhla…

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