ICYMI | Petrol price cut due next week, disgraced former Steinhoff CEO Markus Jooste fined R122 million for insider trading, Nigeria protesters retreat but vow to fight on

The price of petrol is set to drop by 27 cents a litre in November. 

View Online ICYMI Judge Zak Yacoob will chair CSA's interim board, disgraced former Steinhoff CEO Markus Jooste has been fined R122 million for insider trading and a big fuel price drop is expected in November. KAMVA SOMDYALA, CONTENT PRODUCER EXCLUSIVE I Gordhan on why capital injection into SAA readies airline for equity sale Snapshot: The R10.5 billion allocated to South African Airways in this week's medium-term budget is not to relaunch a "new SAA", but is needed in order to make a new airline a value proposition for a strategic equity investor, according to Minister of Public Enterprises Pravin Gordhan. He said it: "You have to do what is necessary to make the new entity a value proposition and a meaningful partnership to an equity investor. This will be a straight-forward commercial process," Gordhan told Fin24. Buoyant future: In Gordhan's view, SAA - which has essentially been "mothballed" for the time being - still has the potential to play a pivotal role in SA's aviation industry. Read More Opinions The DA should be given an opportunity to govern South Africa Rich budget, poor budget Africa will not be able to feed 10 billion people by 2050 Quote of the day "Zondo must give me a date and time and I will send him a copy [of my financial statements]. I am not scared of anything. Zondo, don't come to me through newspapers." - Julius Malema says Deputy Chief Justice Raymond Zondo should approach him if he wants his financial records. Zuma loses supreme court appeal against personal costs order made over Madonsela report In a judgment, Judge A Schippers dismissed the matter with costs. Haroon Lorgat, Omphile Ramela headline CSA interim board, chaired by Judge Zak Yacoob Sports Minister Nathi Mthethwa on Friday announced the nine member interim board that is going to steer Cricket South Africa in the appropriate direction for the next three months. Former Bosasa COO Angelo Agrizzi granted bail Former Bosasa COO and corruption-accused Angelo Agrizzi has been granted bail by the Gauteng High Court in Johannesburg. What else you missed NEWS Nigeria protesters retreat but vow to fight on Young Nigerians who took to the streets to demand better governance are in shock after a brutal crackdown on their movement but say their resolve for change remains undimmed. ECONOMY Disgraced former Steinhoff CEO Markus Jooste fined R122 million for insider trading Jooste has 30 days to pay the fine, once it has been issued as an invoice. MONEY-AND-MARKETS Petrol price cut due next week thanks to stronger rand, oil slump The petrol price looks set to be lowered by around 24c to 27c a litre next week. DOWNLOAD THE NEWS24 APP CONNECT WITH US

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