(PresidencyZA / Twitter)

South African news today: Your headlines in five minutes, 3 September 2018

Ramaphosa’s in China and strikes are planned at Sasol. We’ve got all this and much more in our South African news today round-up.


(PresidencyZA / Twitter)

Need a quick round-up of the South African news today? We’ve got you. Here’s what is in store for Monday 3 September, as well as a quick look at the sport, weather and your star signs.

South African news today, Monday 3 September:

Ramaphosa in China

Cyril Ramaphosa is in Beijing to consolidate the partnership between the two countries. Last month, Ramaphosa secured a $13 billion loan from the Chinese to stimulate Mzansi’s economy.

At the two-day Forum on China-Africa Co-operation summit, the growth of Africa is expected to be discussed. That’s right, Cyril’s doing it for the continent. There’s been something of a rush to maximise African investment after UK Prime Minister Theresa May pledged up to £8 billion in post-Brexit deals last week.

What’s coming up in state capture inquiry?

Testimony will resume on Monday morning from Government Communication and Information System CEO Phumla Williams. On Friday, she implicated Jimmy Manyi in the investigation, saying that he was behind the irregular changes to the tender processes at the GCIS

Manyi even sent a text message to Williams while she was giving evidence last week, and later suggested that he would come forward and give evidence to the inquiry. Manyi replaced Themba Maseko as the GCIS CEO back in 2011, after the latter was fired for allegedly refusing to comply with the Guptas and their political influence.

They’ve been accused of wanting around R600 million of government money pumped into The New Age, a publication that the billionaires own. That must be the magic number for the brothers, who also famously offered Mcebisi Jonas R600 million to become finance minister and pander to their needs.

Sasol strikes

A share-ownership scheme offered exclusively to black workers has got members of the Solidarity trade union up in arms. The mainly white group have declared they will be switching off a different section of Sasol each day in protest over the “discriminative” plans.

The scheme has been unveiled as part of black economic empowerment at the company, but a majority of their estimated 6 300 Solidarity members are expected to down tools for the next few weeks.

Dam updates to come

It’s Monday, which means we’re going to find out how the Cape Town dams are doing again. Last week saw the facilities breakthrough the 65% mark, and the next milestone will be surpassing 66.67% – or, in laymen’s terms, getting to the point of being two-thirds full.

MTN share price

It all kicked off last week for MTN, who were slapped with an $8 billion fine from the Central Bank of Nigeria.

Standard Chartered Bank, Citibank Nigeria Limited, Stanbic IBTC Bank Limited and Diamond Bank Plc were found to have helped MTN illegally repatriate $8.134 billion between 2007 and 2015, in breach of Nigeria’s foreign exchange and anti-money laundering laws.

Almost 25% was wiped off of MTN’s market value last week, with shares dropping from 10 733 ZAC to
8 283 ZAC after the news was released. There’s been a mini-recovery since then, however, with their numbers climbing up to 8 950 ZAC.

ICYMI: Weekend highlights

In the sport, Kaizer Chiefs were eliminated from the MTN8 semi-finals by SuperSport United, extending the nightmare start to the season for Giovanni Solinas and his chargers. They’ve won one game all season, and remain winless in the PSL.

Elsewhere in the competition, Cape Town City surprised Mamelodi Sundowns by beating them on penalties in Gauteng. They lost the tie 1-0, which levelled the scores on aggregate. However, the travelling Citizens held their nerve to set up an MTN8 final clash with SuperSport United.

In the English Premier League, Manchester United returned to winning ways thanks to a 2-0 win at Burnley. Romelu Lukaku scored a brace and Paul Pogba missed a penalty before Marcus Rashford was sent off.

Meanwhile, Arsenal emerged 3-2 winners against a spirited Cardiff team, and Tottenham Hotspur were downed 2-1 by Watford. The Hornets maintain their 100% record this season and are now third in the table – behind Chelsea in second, and Liverpool at the top.

SA Weather forecast for Monday 3 September

Here’s your daily round-up of Monday’s weather across South Africa.

Horoscopes for Monday 3 September

Of course, if you want to know what you’re looking out for today, consult our horoscope. Monday’s are never easy, but our daily guide at least gives you a cheat-sheet on what to expect.