July 20, 2017

THE NEW AGE



THE NEW AGE

| Online

SASCOC confirms CEO Reddy’s suspension

The South African Sports Confederation and Olympic Committee (SASCOC) has on Thursday confirmed the suspension of its CEO Tubby Reddy with full pay. The decision follows allegations of sexual harassment brought against the CEO by a staff member. Reddy subsequently declared a dispute with the Board about unfair treatment and process on these allegations, the

Mining charter notice ‘unlawful’: Chamber of Mines

South Africa’s Chamber of Mines has on Thursday written to mineral resources minister Mosebenzi Zwane asking him to withdraw a threat to suspend new mining charter and exploration rights. In their letter Chamber of mines labelled minister’s notice as “unlawful” and that failure to do that, the chamber will seek an urgent interdict. “The chamber

Reserve bank cuts repo rate

Reserve Bank governor Lesetja Kganyago today announced a drop in the repo-rate down to 6.75% with Prime lending rate at 10.25%. The Monetary Policy Committee elected to reduce the repo rate by 25 basis points. Today’s announcement comes after some analysts had speculated that the repo rate would be retained at 7%. The last time

Insurer in hot water over racial profiling

Update: Insurer Miway says the screens shots currently doing the rounds on social media are fake and were not sent by any of its employee’s. In a statement issued by the insurance company its CEO, René Otto says they have nothing to do with the message. “…An urgent investigation was launched and we can confirm that the

Related posts