Update@Noon

Four-million-rand has been received from the insurance of former Orlando Pirates and Bafana Bafana goalkeeper, Senzo Meyiwa, by the Premier Soccer League. The Bafana and Pirates goalkeeper was killed at his girlfriend's house in Vosloorus, in October 2014. His killers have not yet been caught. Orlando Pirates will receive half of the money, with the other two-million deposited into a special accou...

1. Asian markets mostly mixed as the currency battle continues 2. Chinese stocks show signs of recovery as the Yuan proves resolute 3. Emerging markets moving more positively than at the beginning of the year but growth still hard to come by

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The alleged Ponzi scheme MMM's Global is reportedly collapsing. Russian convict and mastermind behind MMM Global Sergey Mavrodi has allegedly announced that the scheme has failed and is shutting down. However the South African version of MMM is said to still be operating and offers 30% returns instead of 100%. MMM South Africa is currently being investigated by police for being an alleged Ponzi sc...

ANC in KwaZulu Natal against calls President Jacob Zuma must step down. Sakina Kamwendo spoke to Political Science Lecturer at Monash South Africa, Busi Khaba.

The ANC in KwaZulu Natal is against the call for the President to step down. For more Sakina Kamwendo spoke to ANC Provincial Spokesperson in KZN, Mdumiseni Ntuli .

It is going to take the post Office at least two years before it can return to profitability. The organisation is emerging a turbulent few years during which it faced severe leadership challenges. In a submission to the Parliament Standing Committee on Public Accounts-SCOPA, Telecommunications and Postal Services Minister Siyabonga Cwele said he is confident that the current leadership is up to th...

SABC Chief Operating Officer Hlaudi Motsoeneng strongly warned journalists who don't adhere to the SABC's editorial policy saying they are in the firing line

Three of the nine candidates seeking to replace Ban Ki Moon as United Nations Secretary General have faced a barrage of questions from UN member states with issues around Africa and gender equality featuring prominently. On day one of the first-ever informal dialogues with candidates vying for the top post at the UN, candidates from Montenegro, Bulgaria and Portugal spent two hours each answering...

1. The IMF has once again lowered the economic growth outlook, not just for South Africa, but for most of the world. And yet despite this, markets are rallying strongly. How do you explain this? 2. The impact of the very low commodity prices over the last year is clearly evident from the Q1 earnings report released by Alcoa yesterday. This traditionally kicks off the earnings season in the US. Is...

Communications Minister Faith Muthambi says the proposed funding model for the SABC will be finalised soon. Muthambi was responding to questions from members of the Communications Committee in Parliament after the SABC and various entities under her department, presented their budgets and strategic plans to the committee. The SABC also faced questions about the upcoming election coverage of politi...

1. Asian Stocks Advance as Japan's Topix Gains With Retreat of Yen 2. Emerging-Market Assets Advance for Fourth Day on Dollar Weakness 3. Tech stocks: Flying too high?

The World Bank has warned that countries in Sub-Saharan Africa will continue to face low and volatile prices in global commodity markets. It says different African governments must take steps to adjust to a new lower level of commodity prices and develop new sources of sustainable and inclusive growth. It however says to do this, they need better institutions for effective planning and co-ordinati...

Former president Thabo Mbeki has dismissed claims that introduced the Gupta family to President Jacob Zuma. In a statement released by the Thabo Mbeki Foundation Mbeki, it rejected reports that a member of the Gupta family served as an economic advisor to then-president Mbeki. For more Bongi Gwala spoke to Thabo Mbeki Foundation Mukoni Ratshitanga

While The CEO of the Gupta-owned Oakbay Resources, Nazeem Howa, says he plans to challenge bank CEOs for closing the company's accounts, thousands of employees working under for the Gupta family business face an uncertain future. Tshepo Mongoai reports

Oakbay Investments, will this week embark on a campaign to restore relations with South Africa's major banks. Last week the company owned by the Gupta family, has had a misfortune of being deserted by four banks in South Africa. There has also been a lot of controversy about the whereabout of the Gupta brothers after they resigned from their positions at Oakbay Resources on Friday. Bongi Gwala spo...

Congress of the People (COPE) has withdrawn from parliamentary activities. This follows a meeting of the party's Congress Executive Committee in Johannesburg yesterday to consider the recent Constitutional Court judgment on President Jacob Zuma's Nkandla home. For more Bongi Gwala spoke to COPE president Mosiuoa Lekota

1. The Rand has put in a very strong showing over the last few days. What is the reason for this strengthening trend? 2. Does this also explain the strength in commodity prices? Both precious metals and oil prices have increased quite a bit. 3. This change of fortune for gold comes at the same time as a wage settlement between AMCU and Sibanye was announced. Is this a good thing for the beleaguere...

Police at Welkom in the Free State have recovered the bodies of 3 illegal miners, also known as zama-zamas, from Harmony Mine's Eland shaft. They are believed to have inhaled methane gas underground. Police have also recovered food and beverages worth of a million rand at a house in Welkom. The food was destined for a mine shaft occupied by illegal miners. These pre-packaged food parcels get wrapp...

Faith leaders from different religious denominations have accepted President Jacob Zuma's apology following the Constitutional Court judgement. Members of the National Interfaith Council of South Africa - NICSA say faith leaders must promote reconciliation and that President Zuma's apology must be seen as essential element of that process. These faith leaders are drawn from Christianity, Islam, Hi...

Grain SA has called for a reduction in the price of bread. This follows the announcement of a 34 percent increase in import duty on wheat by the National Treasury. Grain SA says the price of bread should actually have decreased since last December. For more Bongi Gwala spoke to CEO of Grain SA, Jannie de Villiers

Co-operative Governance Minister Des Van Rooyen has condemned the violence reported at some voter registration stations over the weekend. The final day of registration for the municipal elections began with glitches as protests flared up in parts of the country. Bongi Gwala spoke to the Chief Electoral Officer at IEC , Mosotho Moepya

1. Most Asian stocks fell, as losses in Japanese equities on a stronger yen offset gains in Chinese shares 2. Emerging-market currencies rose for a third day as speculation oil producers will agree to limit output pushed up prices for the commodity 3. South Africa's AMCU union accepts Sibanye Gold new wage offer

Hotel and tourism staff would now be able to tackle the problem of child sex tourism. Molo Songololo and Fair Trade Tourism is training the staff on how to spot potential child abusers. To explain further Bongi Gwala spoke to the Regional development manager of Fair Trade Tourism, Netsai Sibanda

ANC Secretary General, Gwede Mantashe says the late SACP leader Chris Hani will be at the heart of the battle to save the ANC from self-destruction. He was speaking at an event to commemorate the 23rd of Hani's death. The event was attended by both members of the ANC alliance partners the ANC, Cosatu, the SACP and Sanco. Mantashe says Hani will be disappointed to see the ANC faced with so many cha...