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Feb 10 2012 18:19
The rand tumbled against the dollar in late afternoon trade as the local currency tracked a jittery euro.
Feb 10 2012 17:28
President Jacob Zuma will make an announcement "of national importance" on Saturday, says a central bank statement.
Feb 10 2012 14:37
A weak euro has dragged down the rand, causing it to extend losses against the dollar as the eurozone debt crisis affected investor sentiment.
Cape Town -
Parliament's Standing Committee on Public Accounts (Scopa) has
called for the criminal prosecution of the former director general
of the public works department, the SABC reported on Tuesday.
This follows the irregular awarding of a R200m contract.
Senior members of the department told Scopa that Manye Moroka
awarded the contract to a company to verify the department's
assets, without following proper tender procedures.
Moroka resigned from the department last year.
Scopa member Piet Pretorius asked the Auditor-General if he was
still considering taking action 11 months after he was alerted to
the matter.
He was quoted saying action should have been taken a long time
ago.
- Sapa