Namibia Demands Germany Reparations

Namibia is to launch a $30 billion lawsuit against Germany over genocide committed during colonial rule, when tens of thousands of people were killed. The Namibian government has previously avoided demanding financial compensation, but it changed its stance as two indigenous groups filed a class-action suit in New York against Germany. Over 65,000 people are believed to have been killed when colonial Germany massacred Namibian tribes such as the Herero and Nama between 1904 and 1908. Namibian Vice President Nickey Iyambo issued a statement on Friday saying it had sent a report to Germany last year on the genocide, an official apology and reparations.

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Lambo Picture Gets ORT Suspect Caught

The suspected kingpin behind the audacious OR Tambo International Airport cash heist has been arrested after posting pictures of himself with a new R5-million Lamborghini on social media. The suspect, was arrested Sunday at his luxury Blue Valley Estate home in Centurion near Pretoria just hours after he posted pictures of himself and friends on social media with his new wheels.

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Public Protector To Investigate Ministers Ties To CPS

Public Protector Busisiwe Mkhwebane is to investigate the relationship between Social Development Minister Bathabile Dlamini and Cash Paymaster Services (CPS), the company that administers the payment of social grants. In 2015, Sassa had assured the court it would take over the payment of grants from April 1 2017, but it came to light earlier this year that the agency would be unable to do this and had to extend the CPS contract. The Constitutional Court judgment was scathing of Dlamini’s conduct, saying the ultimate responsibility for the “crisis” lay with her.

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Home Affairs To Deport Zimbabweans On Special Permits

Home affairs minister Malusi Gigaba is expected to announce changes to the country’s position on Zimbabwe special permits (ZSPs) before the end of the month – with all indications that there is no room for extension. The ZSP was first introduced in October 2014, as a three year permit that would allow Zimbabwean nationals living in the country to legally work, own a businesses and study in South Africa, despite not carrying a valid visa. 

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Eskom Signs R6 Billion Deal With French Agency

Eskom has signed a R6-billion multi-tranche framework agreement with the French Agency for Development (AFD).“This multi-tranche loan facility will contribute towards Eskom plans to strengthen and refurbish the transmission infrastructure while diversifying our funding structures,” said Eskom CFO Anoj Singh. AFD’s funding will focus on transmission lines and substations that support grid strengthening in areas where the development of future renewable-energy sources is envisaged, as well as supporting the facilitation of cross-border transmission projects.

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Indicators Oil 51.53 – Rand/USD 12.66 – Rand/GBP 15.68 –Rand/EUR 13.63


Author: The Turk Report

Simplifying complex money matters

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