R24 Million Cash Heist At O.R Tambo

Police are investigating after R24 million in cash was stolen from a plane at OR Tambo International Airport on Tuesday evening. After the SAA flight landed, people in a marked police vehicle intercepted the money. A white Mercedes-Benz is believed to have been used in the operation. Hawks spokesperson Brigadier Hangwani Mulaudzi said a high-level investigation, involving all law enforcement agencies, was underway. He declined to divulge further information.

Source : https://goo.gl/yHe4NS

MTN Announces New CEO

MTN has announced that Godfrey Motsa is the new CEO of MTN SA and he will start at MTN on 13 March. The announcement follows the news that current MTN SA CEO Mteto Nyati is leaving the company to join Altron. Motsa is currently VP of the SEA region at MTN Group.

Source : https://goo.gl/JKAf9z

Gauteng Budget Released

Infrastructure and Education take up the biggest slice in the Gauteng R108-billion provincial budget for 2017/18, which this year included the addition of R10-billion to departmental baselines.Finance MEC Barbara Creecy said R44.4-billion had been set aside for infrastructure spend over the 2017 Medium-Term Expenditure Framework.

Source : https://goo.gl/rDhzKC

Racing Pigeon Bought For R5 Million

Two South African pigeon farmers paid a record R5 million to buy a racing pigeon in Belgium. The Belgian pigeon, called “Golden Prince” was put up for auction by conservation group Pipa, and with a closing bid of €360,000 (R4.94 million), has now become the most expensive pigeon ever sold, replacing the former record holder “Bolt”, which sold for €310,000 (R4.25 million) in 2010.

Source : https://goo.gl/SVKWA8

Wikileaks Publishes Biggest Ever Leak Of CIA Documents

The thousands of leaked documents focus mainly on techniques for hacking and reveal how the CIA cooperated with British intelligence to engineer a way to compromise smart televisions and turn them into improvised surveillance devices. The revelations in the documents include : CIA hackers targeted smartphones and computers and the Center for Cyber Intelligence, based at the CIA headquarters in Langley, Virginia, has a second covert base in the US consulate in Frankfurt which covers Europe, the Middle East and Africa.

Source : https://goo.gl/XENhWD

Trump Releases Details Of Plan To Replace Obamacare – It Sucks

After months of wait for an official Republican plan to replace Obamacare, the House Energy and Commerce and Ways and Means committees unleashed legislation dubbed the American Health Care Act (AHCA) late Monday that would nix the existing health law’s unpopular mandate to buy insurance and pare back its far more popular expansion of Medicaid for the working poor, among other provisions. Health experts have said “It will be the biggest transfer of wealth from low- and middle-income people to wealthy people in our country. Show us the numbers as to how many people will be thrown off. It couldn’t be worse.”

Source : https://goo.gl/q4zKwd

IndicatorsOil 55.63 – Rand/USD 12.97 – Rand/GBP 15.78 – Rand/EUR 13.69

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E-Toll Fees Quietly Increased By 6%

Sanral has announced increases for Gauteng e-toll gantries and other national toll roads in South Africa, which take effect as of 3 March. Some Sanral users – not all – received notification of the increases via e-mail on Friday (3 march), the day of the adjustments. The new tariff prices also do not provide any historical data of the prices, and their increases over a period of time. Sanral’s only justification was that the adjustments were published in the Government Gazette on 16 February. The e-toll tariff hikes are around 6% across the board, in line with inflation.

Source : https://goo.gl/iGrOM6

SAA Internal Investigations Have Cost Over R21m In 4 Years

Between the period 2013 and 2016 SAA have spent more than R21m on forensic and internal investigations, Finance Minister Pravin Gordhan said in a parliamentary response. The investigations are among other things into the irregular awarding of tenders, the leasing back of aircrafts, procurement transactions and allegations by whistle-blowers.

Source : https://goo.gl/ZmBMhE

Ascendis Buys Cipla Units For R375 Million

Ascendis is buying Cipla Agrimed and Cipla Vet for R375 million as it sees the deal as an “excellent strategic fit” for its Phyto-Vet division. Ascendis says its strategy is to create a synergistic group of health product brands that cover the value chain from imports of raw materials, manufacturing and distribution to consumers via retail and direct selling channels, spanning across human, plant and animal health.

Source : https://goo.gl/pioeby

Record Number Of Americans Forfeiting Their Citizenship

As the White House engages in a fierce fight to restrict travel into the U.S. by citizens of some Muslim-majority countries, a record number of Americans are voluntarily renouncing their citizenship. Last year, 5,411 people “expatriated” by renouncing their U.S. citizenship or terminating long-term residency in the U.S. This marks a 26 percent jump from the record set in 2015, when 4,279 individuals expatriated.

Source : https://goo.gl/a2nFm2

Ford Recalls More Kuga’s Over Brake Issue

Ford South Africa has issued new warning letters to owners of its 2.0-litre diesel-powered Kuga SUVs for to resolve a potential “brake problem”. The brake issue is said to affect 848 Kuga models, manufactured in Spain, built from 2014 to 2015, said Ford in an official statement.

Source : https://goo.gl/EHVccg

Cybercrime Could Cost The World R78 Trillion In 4 Years

The cybercrimes industry is expected cost business up to $6trn (R78trn) by 2021. The statistic was mentioned by Paolo Passeri, Cisco’s consulting systems engineer for cloud security, at the Cisco Connect South Africa conference currently being held in Sun City. He mentioned a recent case where a smart TV, powered by the Android operating system, was taken hostage by cybercriminals.

Source : https://goo.gl/mKAp5m

Indicators : Oil 55.86 – Rand/USD 12.98 – Rand/GBP 15.83 – Rand/EUR 13.73

 

Prasa CEO Ups His Salary 4

The acting CEO of the Passenger Rail Agency of South Africa (Prasa) is accused of upping his own salary to more than four times the agreed amount. Collins Letsoalo who has been acting CEO since July 2016, was supposed to be paid R1.3 million a year. The Sunday Times newspaper reported that Letsoalo demanded that Prasa pay him the R5.9 million package that controversial former CEO Lucky Montana was paid, plus have a chauffeur-driven car and company cellphone with unlimited calls

Source : https://goo.gl/VAP0Iu

Hawks Target Mcebisi Jonas

City Press has established that the Hawks’ Crimes Against the State (Cats) unit is gathering evidence that could implicate Jonas in a case of corruption involving a supplier to SAA’s aviation maintenance division, SAA Technical. The case is being investigated by Cats unit head Brigadier Nyameka Xaba, who also investigated the case against Gordhan. The theory is that removing Jonas will allow Brian Molefe to replace him and that is key because the deputy minister of finance is also chairperson and Non-Executive Director of Public Investment Corporation Limited.

Source : https://goo.gl/cDNb69

Millions Of Traffic Fines To Be Scrapped In Gauteng

The North Gauteng High Court has ruled that millions of traffic fines issued since 2008 must be scrapped. According to a ruling on Friday, all fines issued since 2008 that did not comply with the conditions outlined in the Administrative Adjudication of Road Traffic Offences (AARTO) Act must be cancelled.

Source : https://goo.gl/TolZxa

Cell C’s BEE Partner threatens To Derail BlueLabel Deal

Cell C’s black equity partner, CellSaf, has threatened to scupper Blue Label Telecoms’ significant investment in the cellphone operator. CellSaf accused Oger Telecom of not working in the best interest of Cell C and threatened legal action if Blue Label’s proposed acquisition of a 45% interest in Cell C goes ahead. CellSaf owns 25% of Cell C’s holding company, 3C Telecommunications.

Source : https://goo.gl/0t3fzC

Nokia Launches 4 New Phones, Not Just The 3310

HMD, the guys who have the brand rights to Nokia, announced a slate of low-cost new phones that will be sold under the Nokia brand. The company, run by a cast of former Nokia executives. The new phone models by Nokia are the “Nokia 6”, “Nokia 5”, “Nokia 3” and “Nokia 3310”.  The new 3310 has the same old-fashioned keypad and comes in a couple of bright plastic-y colors. A small color screen and potentially weeks of battery life round out the 49 euro ($52) device.

Source : https://goo.gl/xUkVKd

Over Half Of Joburg Water Lost To Leaks & Illegal Use

The Johannesburg and Durban metros are currently losing losing a combined 56% of their water through leaks and illegal connections. In the Johannesburg Metro alone‚ we have 35% of non-revenue water and of that 16% is unaccounted for. In the eThekwini Metro also‚ we have 40.7% of non-revenue water and of that‚ 59.3% is unaccounted for. In all likelihood‚ in both cases‚ this is water lost through leaks and illegal connections.

Source : https://goo.gl/r92Ktw

Indicators : Oil 56.74 – Rand/USD 12.98 – Rand/GBP 16.06 – Rand/EUR 13.72