January 17, 2021

Top five stories that happened this week

By Staff Reporter

Here are the top five stories that raised alot of eyebrows this week from Politics to Business news.

Photo: EWN

Huge Zim fuel price hike

Police clashed with protesters in the Zimbabwean capital as the main labor-union confederation began a national strike after the government more than doubled fuel prices to the highest in the world.

Angelo Agrizzi spilled the beans at the #StateCaptureInquiry

Former Bosasa chief operations officer Angelo Agrizzi has told the commission of inquiry into state capture that National Prosecuting Authority (NPA) officials were bribed to quash charges against the company’s employees.

He came clean about everything that was corrupt at BOSASA and there are still yet more skeletons to be revealed.

Petrol price to decrease again

More good news for south African road users as petrol price is predicted to drop again later this month.

On 3 December 2018 petrol dropped by R1.84 and on 2 January, it went down by between R1.22 and 1.23 a litre.

Fomer Transnet CEO Brian Mole denies corruption claims

Brian Molefe has denied allegations that no corruption implications happened under his watch when he was the Transnet CEO.

This follows after Transnet board chair Popo Molefe said there’s evidence of maladministration and corruption under Brian Molefe’s watch.

Repo rate remains unchanged at 6.75%

South African Reserve Bank (SARB) Governor Lesetja Kganyago announced that the Monetary Policy Committee (MPC) has decided to keep the repurchase rate unchanged at 6.75% per year.

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