Today's Big Stories

Warrent Buffet's son shares some wisdom at the World Economic Forum on Africa

Stephen Grootes is in Kigali, Rwanda for the World Economic Forum on Africa.

Stephen Grootes says he spent time with well known philanthropist Howard Buffett who lives in South Africa.

The son of Warren Buffett had some advice to offer.

The thing about investing in Rwanda is that there are no surprises. He says when the Rwandans promise to do something it is done....this may be a small message about predictability for countries who want those investment dollars.

Stephen Grootes

Minister of Telecommunications Siyabonga Cwele gave a presentation on stage alongside Google, says Grootes.

Cwele made a really interesting point. He said when we rolled out cellphone networks in the early 1990s, companies were forced to build parallel networks. They had to compete against each other...and that pushes up costs. And maybe we have to look at companies sharing infrastructure, and then competing in some other way."

Stephen Grootes

Grootes says he has been very impressed with internet and cellphone connectivity in Kigali.

He brings us the economic indicators.

The rand is 15.06 to the dollar, 17.19 to the euro and 21.74 to the pound.

Brent crude is trading at 47.50 a barrel and gold price is $1272.10 and platinum $1062.35 an ounce.

Listen to the full conversation:

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

If you're gona be a hero (and smash a car window), make sure you can prove harm

If you're gona be a hero (and smash a car window), make sure you can prove harm

A criminal lawyer explains what leg citizens can stand on if they witness a child or pet locked in a vehicle in risky conditions.

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

The DA's James Selfe says it is not clear whether SABC's Hlaudi Motsoeneng will be either fired or suspended pending an inquiry.

Tweeps throw shade as court shows Motsoeneng the door

Tweeps throw shade as court shows Motsoeneng the door

A judge has ruled that Hlaudi Motsoeneng should not hold any position at the SABC and Twitter has wasted no time reacting.

What to expect from WEF Africa 2016

What to expect from WEF Africa 2016

The World Economic Forum on Africa kicks off in Rwanda and Stephen Grootes shares the low down on what the summit has in store.

Popular articles
What men need to know about checking for prostate cancer

What men need to know about checking for prostate cancer

Urologist and sexual health expert Dr Shingai Mutambirwa says it's vital for men above 40 to check their prostates annually.

"I'm no longer going to watch Isidingo"

"I'm no longer going to watch Isidingo"

Will Isidingo lose viewership over it's episode tackling racism?

Why SA remains unequal despite government intervention

Why SA remains unequal despite government intervention

The latest Gini index reveals SA is one of the most unequal countries in the world in terms of income distribution.

[Listen] SA's youngest female PhD grad opens up about her achievement

[Listen] SA's youngest female PhD grad opens up about her achievement

23-year-old North-West University student Musawenkosi Saurombe aces her PhD thesis passing with no amendments.

Mandela's granddaughter calls for Jacob Zuma to step down

Mandela's granddaughter calls for Jacob Zuma to step down

Ndileka Mandela says it's a blatant "No" when asked if she will be voting for the ANC in the next elections.

Terror expert explains why Hawks probe on coup plotter arrest doesn't add up

Terror expert explains why Hawks probe on coup plotter arrest doesn't add up

A man who allegedly plotted assassination of prominent South Africans including Zuma, Guptas and Maine is set to appear in court.

Warder recalls "prison hell" as he retires after four decades at Pollsmoor

Warder recalls "prison hell" as he retires after four decades at Pollsmoor

Chris Malgas speaks about his experiences as a prison warder at the notorious Pollsmoor prison for four decades.