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THE POST - IOL
SA’s Covid cases breach 1.6m, close to 55 000 deaths recorded. By IOL Reporter 8h ago. In its daily Covid statistics media statement, the Health Ministry confirmed that 2 759 new cases wereTHE STAR - IOL
SA records over 8000 new Covid-19 cases in the last 24 hours. By IOL Reporter 1h ago. The National Institute of Communicable Diseases confirmed that the country’s cumulative Covid-19 case countIOL | PRETORIA NEWS
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IOL | NEWS THAT CONNECTS SOUTH AFRICANSNEWSSPORTTECHBUSINESS REPORTENTERTAINMENTLIFESTYLE Discover the world of IOL, bringing you a mix of current news across politics, sport, business, motoring and lifestyle. Telling your stories and driving change!THE POST - IOL
SA’s Covid cases breach 1.6m, close to 55 000 deaths recorded. By IOL Reporter 8h ago. In its daily Covid statistics media statement, the Health Ministry confirmed that 2 759 new cases wereTHE STAR - IOL
SA records over 8000 new Covid-19 cases in the last 24 hours. By IOL Reporter 1h ago. The National Institute of Communicable Diseases confirmed that the country’s cumulative Covid-19 case countIOL | PRETORIA NEWS
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TSHWANE INCREASES COVID-19 VACCINATION SITES TO 14 The City of Tshwane yesterday announced an increase in the number of the Covid-19 vaccination sites for the phase 2 mass vaccinationprogramme. This
CAPE TOWN STUDENT CROWNED MISS TEEN SA 2021 Cape Town student crowned Miss Teen SA 2021. Cape Town beauty Kayleigh Jephta, from Table View, is the new Miss Teenager South Africa. The ENTRIES FOR MISS SA 2021 NOW OPEN Entries open for Miss South Africa 2021 on Monday, May 24, at 17pm, and will close on June 24, at midnight. Stephanie Weil of the Miss South Africa Organisation says: “We are KZN, HERE ARE YOUR COVID-19 VACCINATION SITES Currently, 339 655 healthcare workers have been vaccinated. This morning, Health Minister Dr Zweli Mkhize announced the locations of the active sites across the country, with nine sites set up in BREAKING NEWS FROM SA, AFRICA AND AROUND THE WORLD Top stories and news highlights from around South Africa, Africa and across the globe as they happen. Read the latest local and International news on IOL today.CRIME AND COURTS
Crime and courts. weekend-argus. Mother of missing Shevonne Matthews says she became homeless 19 years ago due to a broken heart. By Genevieve Serra 1h ago. Western Cape. Mom forced to switch off WEEK CONCLUDES WITH ANOTHER FACTION CLAIMING RIGHTS TO This week’s latest development from the Zulu royal court took many by surprise when it emerged that a third faction is contesting for the throne despite the fact that King Misuzulu is alreadyTHE MERCURY
The family of late Bosasa chief executive Gavin Watson have succeeded in overturning a high court ruling ordering it to restore shares in a mining company to Smuts Ngonyama LIVE FEED: STATE CAPTURE INQUIRY LIVE FEED: State Capture Inquiry - June 1, 2021. Johannesburg - The Zondo Commission will hear evidence related to the Passenger RailAgency
SA’S AVAILABLE VACCINES DO OFFER PROTECTION AGAINST INDIAN File photo: Healthcare workers getting vaccine at Gatesville Melomed vaccination centre in Athlone. South Africa's recovery rate, however, remained stable at 95%, Mkhize said. MEET THE RUNNER WHO PLANS TO DO COMRADES BAREFOOT FOR THE 1 day ago · DURBAN - With the landscape of the Comrades Marathon having changed due to Covid-19, a Pietermaritzburg man is using the opportunity to bring hope to the homeless in that city in a bid tohelp
HAWKS ARREST ‘GHOST VENDING’ SYNDICATE 1 day ago · SEVEN people believed to be part of a criminal network responsible for large-scale pre-paid electricity fraud and theft were arrested by a multidisciplinary team that swooped in on various KZN HEALTH MEC LAUNCHES ’COVID-19 INFLUENCERS PROGRAMME As the province recorded one Covid-19 death in the past 24 hours, the KZN Health Department embarked on a national roadshow to encourage communities on the importance of getting vaccinated. ZAREEF MINTY SHARES THE ART OF A SUCCESSFUL WORKATION 1 day ago · Author, entrepreneur and media personality Zareef Minty has mastered the art of taking a workation. The avid traveller, who has travelled to Dubai, France and New York, to name a few, said IOL | NEWS THAT CONNECTS SOUTH AFRICANSNEWSSPORTTECHBUSINESS REPORTENTERTAINMENTLIFESTYLE Discover the world of IOL, bringing you a mix of current news across politics, sport, business, motoring and lifestyle. Telling your stories and driving change!THE POST - IOL
SA’s Covid cases breach 1.6m, close to 55 000 deaths recorded. By IOL Reporter 8h ago. In its daily Covid statistics media statement, the Health Ministry confirmed that 2 759 new cases wereIOL | PRETORIA NEWS
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LIVE FEED: STATE CAPTURE INQUIRY, MAY 28, 2021 LIVE FEED: State Capture Inquiry, May 28, 2021. Johannesburg - The Commission of Inquiry into Allegations of State Capture will continue to hear Transnet related evidence from its former chief 'BINNELANDERS' ACTOR BEN KRUGER DIES South African actor, author and producer Ben Kruger has died at age 64. Kruger, who was best known for his role as Oom Okkie in the kykNET’s award-winning soapie “Binnelanders”, died at his ENTRIES FOR MISS SA 2021 NOW OPEN Entries open for Miss South Africa 2021 on Monday, May 24, at 17pm, and will close on June 24, at midnight. Stephanie Weil of the Miss South Africa Organisation says: “We are KZN, HERE ARE YOUR COVID-19 VACCINATION SITES Currently, 339 655 healthcare workers have been vaccinated. This morning, Health Minister Dr Zweli Mkhize announced the locations of the active sites across the country, with nine sites set up in IOL | NEWS THAT CONNECTS SOUTH AFRICANSNEWSSPORTTECHBUSINESS REPORTENTERTAINMENTLIFESTYLE Discover the world of IOL, bringing you a mix of current news across politics, sport, business, motoring and lifestyle. Telling your stories and driving change!THE POST - IOL
SA’s Covid cases breach 1.6m, close to 55 000 deaths recorded. By IOL Reporter 8h ago. In its daily Covid statistics media statement, the Health Ministry confirmed that 2 759 new cases wereIOL | PRETORIA NEWS
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THE STAR - IOL
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CAPE TIMES - IOL
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LIVE FEED: STATE CAPTURE INQUIRY, MAY 28, 2021 LIVE FEED: State Capture Inquiry, May 28, 2021. Johannesburg - The Commission of Inquiry into Allegations of State Capture will continue to hear Transnet related evidence from its former chief 'BINNELANDERS' ACTOR BEN KRUGER DIES South African actor, author and producer Ben Kruger has died at age 64. Kruger, who was best known for his role as Oom Okkie in the kykNET’s award-winning soapie “Binnelanders”, died at his ENTRIES FOR MISS SA 2021 NOW OPEN Entries open for Miss South Africa 2021 on Monday, May 24, at 17pm, and will close on June 24, at midnight. Stephanie Weil of the Miss South Africa Organisation says: “We are KZN, HERE ARE YOUR COVID-19 VACCINATION SITES Currently, 339 655 healthcare workers have been vaccinated. This morning, Health Minister Dr Zweli Mkhize announced the locations of the active sites across the country, with nine sites set up in BREAKING NEWS FROM SA, AFRICA AND AROUND THE WORLD Top stories and news highlights from around South Africa, Africa and across the globe as they happen. Read the latest local and International news on IOL today.THE STAR - IOL
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CRIME AND COURTS
Crime and courts. weekend-argus. Mother of missing Shevonne Matthews says she became homeless 19 years ago due to a broken heart. By Genevieve Serra 1h ago. Western Cape. Mom forced to switch off ZAHARA FINED FOR SKIPPING COURT APPEARANCE 5 hours ago · The Johannesburg Commercial Crimes Court has found popular singer and songwriter Bulelwa Mkutukana, known as Zahara, guilty of failing to appear in the Palm Ridge Specialised CommercialCrimes Court.
POWER OUTAGES LEAVE PIETERMARITZBURG ELDERLY IN THE DARK 14 hours ago · An old age home in the Pietermaritzburg CBD is among the places hard hit by power outages and have not had power for thepast five days.
KZN HEALTH MEC LAUNCHES ’COVID-19 INFLUENCERS PROGRAMME As the province recorded one Covid-19 death in the past 24 hours, the KZN Health Department embarked on a national roadshow to encourage communities on the importance of getting vaccinated. MURDER OF FIVE TAXI OPERATORS SHOT DEAD IN CERES CONDEMNED 12 hours ago · Cape Town - Police are investigating a shooting at a taxi rank in Ceres which left five taxi operators dead. Police spokesperson Novela Potelwa said detectives from the provincial taxitask team
PREMIER SIHLE ZIKALALA’S COMMUNICATIONS ADMINISTRATOR KWAZULU-NATAL Premier Sihle Zikalala said the brutal murder of a member of his staff was one of the most gruesome acts of gender-based violence committed in ASTON MARTIN VINDICATED BY SEBASTIAN VETTEL SIGNING, SAYS 1 day ago · Sebastian Vettel looks like a man reborn at Aston Martin and the decision to sign him appears to be paying off, Formula One's managing director for motorsport Ross Brawn said. LOOK: ANELE MDODA LIVES HER BEST 5-STAR LIFE AT PHINDA TV personality Anele Mdoda enjoyed a luxurious bush break at one of KwaZulu-Natal’s most exclusive game reserves, Phinda Game Reserve. And we must say we are having major FOMO. The SA IOL | NEWS THAT CONNECTS SOUTH AFRICANSNEWSSPORTTECHBUSINESS REPORTENTERTAINMENTLIFESTYLE Discover the world of IOL, bringing you a mix of current news across politics, sport, business, motoring and lifestyle. Telling your stories and driving change!THE POST - IOL
SA’s Covid cases breach 1.6m, close to 55 000 deaths recorded. By IOL Reporter 8h ago. In its daily Covid statistics media statement, the Health Ministry confirmed that 2 759 new cases wereIOL | PRETORIA NEWS
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THE STAR - IOL
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CAPE TIMES - IOL
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LIVE FEED: STATE CAPTURE INQUIRY, MAY 28, 2021 LIVE FEED: State Capture Inquiry, May 28, 2021. Johannesburg - The Commission of Inquiry into Allegations of State Capture will continue to hear Transnet related evidence from its former chief 'BINNELANDERS' ACTOR BEN KRUGER DIES South African actor, author and producer Ben Kruger has died at age 64. Kruger, who was best known for his role as Oom Okkie in the kykNET’s award-winning soapie “Binnelanders”, died at his ENTRIES FOR MISS SA 2021 NOW OPEN Entries open for Miss South Africa 2021 on Monday, May 24, at 17pm, and will close on June 24, at midnight. Stephanie Weil of the Miss South Africa Organisation says: “We are KZN, HERE ARE YOUR COVID-19 VACCINATION SITES Currently, 339 655 healthcare workers have been vaccinated. This morning, Health Minister Dr Zweli Mkhize announced the locations of the active sites across the country, with nine sites set up in IOL | NEWS THAT CONNECTS SOUTH AFRICANSNEWSSPORTTECHBUSINESS REPORTENTERTAINMENTLIFESTYLE Discover the world of IOL, bringing you a mix of current news across politics, sport, business, motoring and lifestyle. Telling your stories and driving change!THE POST - IOL
SA’s Covid cases breach 1.6m, close to 55 000 deaths recorded. By IOL Reporter 8h ago. In its daily Covid statistics media statement, the Health Ministry confirmed that 2 759 new cases wereIOL | PRETORIA NEWS
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THE STAR - IOL
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CAPE TIMES - IOL
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CAPE ARGUS - IOL
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LIVE FEED: STATE CAPTURE INQUIRY, MAY 28, 2021 LIVE FEED: State Capture Inquiry, May 28, 2021. Johannesburg - The Commission of Inquiry into Allegations of State Capture will continue to hear Transnet related evidence from its former chief 'BINNELANDERS' ACTOR BEN KRUGER DIES South African actor, author and producer Ben Kruger has died at age 64. Kruger, who was best known for his role as Oom Okkie in the kykNET’s award-winning soapie “Binnelanders”, died at his ENTRIES FOR MISS SA 2021 NOW OPEN Entries open for Miss South Africa 2021 on Monday, May 24, at 17pm, and will close on June 24, at midnight. Stephanie Weil of the Miss South Africa Organisation says: “We are KZN, HERE ARE YOUR COVID-19 VACCINATION SITES Currently, 339 655 healthcare workers have been vaccinated. This morning, Health Minister Dr Zweli Mkhize announced the locations of the active sites across the country, with nine sites set up in BREAKING NEWS FROM SA, AFRICA AND AROUND THE WORLD Top stories and news highlights from around South Africa, Africa and across the globe as they happen. Read the latest local and International news on IOL today. LATEST SOUTH AFRICAN NEWS Your comprehensive source for the latest and trending South African news, analysis and video content. Stay up-to-date with current affairs& events in SA!
THE MERCURY
No running water for 425 000 homes in KZN, report finds. 8h ago. About 425 000 families remain without clean running water across KwaZulu-Natal, according to recent findings by the Co-operative LATEST CELEBRITY NEWS & GOSSIP Get all the latest celebrity and entertainment news, gossip, photos and videos online. Keep up to date with hot gossip and celebrity newsright here.
CRIME AND COURTS
Crime and courts. weekend-argus. Mother of missing Shevonne Matthews says she became homeless 19 years ago due to a broken heart. By Genevieve Serra 1h ago. Western Cape. Mom forced to switch off ZONDO COMMISSION RESUMES PROCEEDINGS TODAY 5 hours ago · WHILE the deadline closes in on Deputy Chief Justice Raymond Zondo to wrap up on proceedings at the state capture inquiry,the commission is
KZN HEALTH MEC LAUNCHES ’COVID-19 INFLUENCERS PROGRAMME As the province recorded one Covid-19 death in the past 24 hours, the KZN Health Department embarked on a national roadshow to encourage communities on the importance of getting vaccinated. MURDER OF FIVE TAXI OPERATORS SHOT DEAD IN CERES CONDEMNED 4 hours ago · Cape Town - Police are investigating a shooting at a taxi rank in Ceres which left five taxi operators dead. Police spokesperson Novela Potelwa said detectives from the provincial taxitask team
POWER OUTAGES LEAVE PIETERMARITZBURG ELDERLY IN THE DARK 6 hours ago · An old age home in the Pietermaritzburg CBD is among the places hard hit by power outages and have not had power for thepast five days.
NEWLY APPROVED AMENDED CUSTOMARY MARRIAGES ACT Last week, President Cyril Ramaphosa approved the amended Customary Marriages Bill. This is a significant step towards equality for womenin
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BILLIONAIRE PATRICE MOTSEPE EXTENDS FOOTHOLD IN FINANCIAL SERVICESSECTOR
Companies / 24 January 2020, 11:00am / SIPHELELE DLUDLA*
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The richest man in South Africa, Patrice Motsepe, has social media in a spin after he was spotted attending a dinner with US President Donald Trump. File photo: Jeffrey Abrahams/African News Agency JOHANNESBURG - Billionaire Patrice Motsepe looks set to extend his foothold in the financial services sector as he diversifies his wealth outside the mining industry. Originally a mining magnate with $2.6billion (R37.45bn) of assets under his belt, Motsepe’s business empire has slowly extended to life insurance, healthcare, asset management, short-term insurance, property, banking, and general financial services. Motsepe’s African Rainbow Capital (ARC), yesterday acquired more than R1bn worth of shares in Alexander Forbes, making it the single biggest shareholder in the pension fund administrator with a33.9percent stake.
The black-owned and controlled ARC will also be Alexander Forbes’s black empowerment partner following US firm Mercer Africa’s exit. Corporate and stakeholder relations executive Ainsley Moos said the investment was in line with ARC’s investment strategy.RELATED ARTICLES
MOTSEPE’S FATHER TO BE HONOURED FOR CONTRIBUTION TO EDUCATION MOTSEPE SAYS R22M TOPPLE PLOT CLAIMS ARE FALSE, MALICIOUS ARM PREPARES TO CLOSE LOSS-MAKING NKOMATI MINE MOTSEPE’S FATHER TO BE HONOURED FOR CONTRIBUTION TO EDUCATION MOTSEPE SAYS R22M TOPPLE PLOT CLAIMS ARE FALSE, MALICIOUS ARM PREPARES TO CLOSE LOSS-MAKING NKOMATI MINE MOTSEPE’S FATHER TO BE HONOURED FOR CONTRIBUTION TO EDUCATION* 1
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“Our objective is never to become a majority or controlling shareholder. Our preference is to be a significant minority shareholder,” Moos said. “Our preference is to acquire strategic shareholdings in the businesses we invest in and not to operate businesses. "We leave the operations to the capable leadership and managementteams to do.”
Motsepe’s investment holding firm already has a significant shareholding in insurance group Sanlam through Ubuntu-BothoInvestments.
It also owns digital TymeBank and has stakes in telecoms operator Rainand Afrocentric.
But last year intimated disposing of its assets at technology firm OEH “at an appropriate time”. Moos said the Alexander Forbes transaction would deliver positive outcomes for the country pertaining to how pension funds are managed. “In particular, new regulation introduces lower fees as pension fund members are able to save inside their pension funds and thus have significant savings over the period of their working lives. This is a significant benefit,” he said. “This approach is in line with ARC’s overall ethos of positioning itself as a business offering financial services at the most effectivecosts possible.
"We are also achieving this in banking with TymeBank as well as with our interest in the insurer Rand Mutual Assurance. This way we bring more people in the formal financial system and we believe this is goodfor the country.”
Moos said ARC would at an appropriate time liaise with Alexander Forbes about which representatives it would send to the asset manager’s board after two Mercer representatives stepped down following the transaction. Alexander Forbes chief financial officer Bruce Bydawell dismissed suggestions that the company had been looking for another equity partner for a while now. “No, we have not. Alexander Forbes has always had ARC as our strategic equity partner. We are happy that they have chosen to increase their stake,” Bydawell said. Financial Sector Transformation Council chairperson Sibongiseni Mbatha said the transaction was significant as ARC had grown its footprint from an empowerment partner to a significant shareholding, especially when statistics indicate a regression in the ownership element. “This also demonstrates that these deals are not overnight but take time. It comes with some element of patience. We wish this would multiply,” Mbatha said. “Ideally we would like to have an equivalent of Alexander Forbes being 100 black owned, but in circumstances you cannot have that, this comes in handy.” ARC shares closed 0.24percent lower at R4.09 on the JSE yesterday.BUSINESS REPORT
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Patrice Motsepe's ARC shares surge 6% on JSE Alexander Forbes finally lifts the veil on why it sacked Darfoor Alex Forbes is facing a ‘de facto’ takeoverTrending on IOL
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