All Eyes On Trump Inauguration

The Donald is set to officially be inaugurated as U.S president tonight. Donald Trump has pledged to unify America as he addressed cheering supporters at a concert on the eve of his presidential inauguration. Speaking on the steps of the Lincoln Memorial in Washington DC, the president-elect also promised to bring change. Bottom line is Americans have to strap in because things are either going to take off or crash in a hurry. No half measures with the Donald.

Anglo To Lay Off Over 800 Workers

AngloGold Ashanti‘s South Africa region is contemplating the dismissal of certain employees on the basis of its operational requirements,” according to a press statement.  AngloGold Ashanti is in talks with unions to lay off more than 800 workers at its S.A operations. Anglo employs about 25000 people in the country.

Eskom Ordered To Postpone On Cutting Off Municipalities

Public Enterprises Minister Lynne Brown said cutting electricity supply to towns, who collectively owed more than 10 billion rand to Eskom, would hurt businesses and jobs but needed to be settled. Brown on Thursday urged affected municipalities to work towards settling their arrears, saying their growing debt could undermine efforts aimed at getting Eskom back on sound financial footing.

Cape Town To Introduce Tougher Water Restrictions

Cape Town’s mayoral committee proposed a plan to upgrade the current Level 3 water restrictions to Level 3B because of diminishing dam levels and unnecessary residential water usage. If Level 3B water restrictions are implemented, residents will only be allowed to water their gardens on Tuesdays and Saturdays before 09:00 or after 18:00 with a bucket or watering can.

Gupta’s To Respond To Pravin Affidavit Today

The Gupta family will file responding court papers at the High Court in Pretoria on Friday in response to Finance Minister Pravin Gordhan’s application. The papers are in response to an affidavit submitted by Gordhan in 2016‚ backing up his application for a declaratory order that ministers cannot intervene in the relationship between banks and their clients.

D.A To Lay Corruption Charges Against 106 Gauteng Officials

Mashaba’s new administration will be laying criminals charges against 106 officials and conducting forensic audits into certain “dodgy tenders”. Following the new DA administrations investigation, the party said it found that, between 2008 and 2016, ANC officials in the city were responsible for 972 dodgy deals totaling R14.7 million.

Currencies & Stuff

Oil 54.30 – Rand/USD 13.52 – Rand/GBP 16.66 – Rand/EUR 14.43

Author: The Turk Report

Simplifying complex money matters

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