Daily News Brief

Daily News Brief
Port of Durban, credits: Global Africa Network

EXCLUSIVE: Deep Dive Into The Historic Silicosis Class Action Case Settlement

iAfrica’s exclusive interview with the attorney that led this historic case that awarded R5 billion (over $350 million USD) to gold mine workers. Carina du Toit, Attorney, Constitutional Litigation Unit of the Legal Resources Centre (LRC), BA LLB at Stellenbosch University and LLM (cum laude) at University of Pretoria

ANC Admits Factional Fighting Negatively Affecting SA Economy, Society

The African National Congress (ANC) on Tuesday admitted that divisions within the governing party were having consequences for the economy and the rest of society. The party’s deputy secretary-general Jessie Duarte told reporters at a briefing on the outcomes of its national executive committee (NEC) meeting that the economic crisis was receiving attention from the party. Stats SA reported an 11-year record high unemployment rate for the second quarter of the year at 29%, while growth declined by 3.2%.

Peter Moyo Returns To Work Despite Old Mutual Warning Not To

Old Mutual CEO Peter Moyo on Wednesday morning returned to work at the insurer’s headquarters in Sandton, despite warnings by the company that he shouldn’t. Moyo was reinstated to his position by the High Court in Johannesburg on Tuesday. The court declared his dismissal unlawful and ordered that he be temporarily reinstated pending the outcome of the second part of his application. Moyo was fired for the way he handled conflict of interest related to the share payments from NMT Capital, a company he co-founded.

Staff At CT Shopping Centre Left Shaken After Jewellery Store Robbery

Staff at the Cape Quarter Lifestyle Village were left shaken following an armed robbery at a jewellery store. Thieves hit Uwe Koetter Jewellers on Wednesday morning and took off with an undisclosed amount of valuables. Melarn Raynard, who works at a carpet shop in the centre, said that she hid when she heard what sounded like gunshots.

MyCiTi N2 Express Route: Codeta Seeks Interdict To Prevent New Deal

The City of Cape Town said it was working with the national and provincial Departments of Transport to get the MyCiTi N2 Express route operational. The route has been suspended since May after the operating contract came to an end. The city has been struggling to get parties to sign a new deal for the past seven weeks. Mayoral Committee member for Transport Felicity Purchase said that taxi association Codeta approached the Western Cape High Court for an urgent interdict to prevent parties from signing a new agreement. The parties included Codeta, Golden Arrow Bus Services and the Route Six Taxi Association.

CoCT: High-Density Townships Lead To Large-Scale Fires

The City of Cape Town said that high-density townships led to large-scale shack fires like the latest one in Masiphumelele. Over 1,200 people were left destitute after Sunday’s blaze. One person died and four others were injured. Residents began rebuilding on Tuesday despite cold temperatures, strong winds and rain. Firefighting was also hampered because trucks could not move between rows of shacks where they were needed most.

WC Govt Urged To Invest In Sectors That Create Jobs

The Western Cape legislature’s committee on economic development wants the provincial government to invest more in industries that create jobs. Stats SA’s Quarterly Labour Force Survey on Tuesday revealed that the Western Cape was the only province whose official unemployment rate has decreased year-on-year. Committee chairperson Deidre Baartman said the economy needed a complete overhaul. The committee said it was concerned that the unemployment rate remained high.

Gauteng Education Dept Presents Its R49.2 Billion Budget

The Gauteng Education Department has presented a R49.2 billion budget with about three-quarters of the money set aside towards paying employees. MEC Panyaza Lesufi delivered his 2019/2020 budget speech at the Gauteng Legislature on Wednesday. The department has received an increase of just over 10% from the previous financial year.

Denel Employees Didn’t Receive Full Salaries: Solidarity

Trade union Solidarity said on Wednesday its members at Denel did not receive their full salaries for June and July. The union served urgent court documents to force the arms company to pay the unemployment insurance levy and taxes deducted from employees’ salaries. The move followed an announcement by Denel that it could only pay a certain portion of its employees’ salaries for June and July.

What To Look Out For

Old Mutual To Appeal Moyo Reinstatement, EFF Calls For Manuel Exit As Chair

Old Mutual on Wednesday said it would appeal the judgment by the High Court in Johannesburg which ordered the company to reinstate its axed CEO Peter Moyo. The court found that Moyo’s axing was unlawful and that he should be reinstated temporarily. It also ruled that the insurer could not take steps to replace him in the interim. He was suspended in May and later fired as CEO after the company cited a conflict of interest on his part.

ANC NEC Asks Top Officials To Deal With Hanekom Matter

African National Congress (ANC) deputy secretary-general Jessie Duarte said former Tourism Minister Derek Hanekom’s matter could end up being investigated by the governing party’s committee that was established to look into the formation of small parties. Hanekom admitted that he met with Economic Freedom Fighters (EFF) leaders to discuss former President Jacob Zuma’s sacking from office after EFF leader Julius Malema outed him in public last week. There were calls by some in the ANC that Hanekom should be disciplined for plotting with the EFF.

Africapacity Group Offers To Buy Embattled VBS Bank

The VBS Mutual Bank might be facing liquidation, but this has not staved off investor interest with at least one offer to buy the bank. A black-owned investment company, Africapacity Group, has made contact with the Reserve Bank, Treasury and Parliament with an offer to purchase the bank for R2 billion. The offer to buy the bank came almost a year since the Reserve Bank published a forensic report into the collapse of VBS Mutual Bank, that blew the lid on how it was looted of R 1.8 billion.