The South African Reserve Bank (SARB) says South African bank account holders may rest assured that their deposits are safe in their accounts.  This comes as the central bank launched the Corporation for Deposit Insurance (CODI) in Johannesburg. CODI is a subsidiary of the Reserve Bank that will work with other financial sector players to protect depositors in the unlikely event that their bank fails and is placed into curatorship. Nothando Magudulela reports...

The South African Reserve Bank (SARB) says South African bank account holders may rest assured that their deposits are safe in their accounts.  This comes as the central bank launched the Corporation for Deposit Insurance (CODI) in Johannesburg. CODI is a subsidiary of the Reserve Bank that will work with other financial sector players to protect depositors in the unlikely event that their bank fails and is placed into curatorship. Nothando Magudulela reports...

News and Current Affairs Show hosted by award winning presenter Sakina Kamwendo, live on weekdays from 12 noon to 1 pm on SAfm 104-107fm

Update@Noon

News and Current Affairs Show hosted by award-winning presenter Sakina Kamwendo, on weekdays from noon to 1pm on SAfm 104-107fm. 

News and Current Affairs Show hosted by award-winning presenter Sakina Kamwendo, on weekdays from noon to 1pm on SAfm 104-107fm.

South African Reserve Bank launches Corporation for Deposit Insurance to protect depositors in the event that banks fail

The Global Initiative Against Transnational Organized Crime says gangs in certain parts of Cape Town now make as much money from extortion as they do selling drugs. In its report, the organisation identified four main extortion economies, the central business district night-time extortion economy, Cape Town's construction mafia, the transport extortion economy, and the township enterprise extortion economy. Bongiwe Zwane spoke to researcher at the Global Initiative Against Transnational Organized Crime, Jenni Irish-Qhobosheane.

The Global Initiative Against Transnational Organized Crime says gangs in certain parts of Cape Town now make as much money from extortion as they do selling drugs. In its report, the organisation identified four main extortion economies, the central business district night-time extortion economy, Cape Town's construction mafia, the transport extortion economy, and the township enterprise extortion economy. Bongiwe Zwane spoke to researcher at the Global Initiative Against Transnational Organized Crime, Jenni Irish-Qhobosheane.

Global Initiative Against Transnational Organized Crime sounds alarm with extortion rise in SA

Gauteng Premier, Panyaza Lesufi, says the provincial government and the City of Johannesburg will establish a joint committee to ensure the implementation of the recommendations of the Khampepe Commission of Inquiry. The inquiry into the Usindiso building fire released its report yesterday following months of hearings. The commission's findings include the liability of the City of Johannesburg and its entities for the deaths of the 77 mostly foreign residents. The blaze which ravaged the building in August last year, also led to numerous injuries and displacements. Sashin Naidoo reports...

Gauteng Premier, Panyaza Lesufi, says the provincial government and the City of Johannesburg will establish a joint committee to ensure the implementation of the recommendations of the Khampepe Commission of Inquiry. The inquiry into the Usindiso building fire released its report yesterday following months of hearings. The commission's findings include the liability of the City of Johannesburg and its entities for the deaths of the 77 mostly foreign residents. The blaze which ravaged the building in August last year, also led to numerous injuries and displacements. Sashin Naidoo reports...

Gauteng  government to establish joint committee to ensure the implementation of Khampepe Commission of Inquiry recommendations

The South Africa Police Service's top brass says over 600-thousand suspects have been nabbed since the inception of its Operation Shanela initiative. The initiative was launched last May in order to address crime in high-density areas and has resulted in the completion of 71-thousand operations to date. Speaking to members of the media earlier this morning, the SAPS's Major General Mashadi Selepe said thousands of people were arrested for driving under the influence of alcohol or drugs....

The South Africa Police Service's top brass says over 600-thousand suspects have been nabbed since the inception of its Operation Shanela initiative. The initiative was launched last May in order to address crime in high-density areas and has resulted in the completion of 71-thousand operations to date. Speaking to members of the media earlier this morning, the SAPS's Major General Mashadi Selepe said thousands of people were arrested for driving under the influence of alcohol or drugs....

South African Reserve Bank launches Corporation for Deposit Insurance to protect depositors in the event that banks fail

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