Off the wire
• Spotlight: Egypt works hard to revive Palestine-Israel peace talks  • Interview: Japanese entrepreneur takes world's most difficult cleaning job  • Interview: Vital China-U.S. relationship needs careful handling -- Asia studies expert  • Commentary: Healthy China-U.S. trade ties to benefit both countries and world  • Foreign exchange rates in India  • New plastic-eating fungus may solve garbage problem  • China takes free trade zones up to 11  • China issues over 98 mln chipped passports in five years  • Three more killed in police raid on second militants' hideout in NE Bangladesh  • Tri power couple fail to repeat 2016 glory  
You are here: 　 Home

Top news items in major S. African media outlets

Xinhua, April 1, 2017 Adjust font size:

The following are news highlights in South African major media outlets on Saturday.

-- Former Finance Minister Pravin Gordhan said on Friday if, as it is being suggested, important decisions are being made about government outside of government or the executive then all South Africans should be afraid.

Gordhan made the comments when he and his former deputy Mcebisi Jonas addressed treasury staff at their offices in Pretoria.(Witness News)

-- New Minister of Finance Malusi Gigaba says he has no plans to change administrative leadership at National Treasury.

"National treasury is an important position and I will not act in this position, in any manner that will jeopardise both the integrity of the department as well as the interests of the South African nation," Gigaba told journalists following a swearing in ceremony of new ministers at the presidential guesthouse in Pretoria on Friday night. (News24)

-- The Johannesburg Stock Exchange (JSE) continued its losing streak following the late-night announcement that President Jacob Zuma's cabinet reshuffle had taken multiple casualties.

While the market anticipated the move, the timing and magnitude of the reshuffle resulted in an overnight weakening of 3.9 percent in the rand against the greenback. On Friday, the rand reached an intraday low of R13.61/USD but managed to firm and traded at R13.26 by the close of the JSE.(Fin24) Endit