Business

April 25, 2018

Watchdog says rand-rigging trial likely to begin in 2019

Court proceedings against 18 banks accused of rigging the rand currency are likely to start early next year, because prosecutors need time to prepare the complex case, the head of cartels at the Competition Commission said on Wednesday.
April 24, 2018

Mantashe to challenge ruling on black ownership threshold

Mineral Resources Minister Gwede Mantashe will appeal a court ruling that held that mining companies did not have to maintain at least 26% black ownership in perpetuity, the mineral resources department said on Tuesday.
April 24, 2018

R20bn down the line, ailing SAA needs another capital injection

South African Airways needs a new capital injection “now” to stay afloat and is in discussions with banks and the National Treasury for “an open credit line”, its chief executive said on Tuesday.
April 24, 2018

BBBEE verification: Be prepared with these three tips

Whether businesses are start-up operations or listed entities, they need to meet specific Broad Based Black Economic Empowerment (BBBEE) criteria to conduct business in South Africa, especially with government bodies and public-sector organisations.
April 23, 2018

Wednesday’s mega strike is a ‘battle for survival’

Thousands of workers are gearing up for a protest against what they are calling the “poverty bill”, which they believe will “leave the workers trapped in poverty, entrench the apartheid wage structure and widen income inequalities even more”.
April 22, 2018

Inside the construction cartel's 'breakfast club' of tender-rigging and collusion

Witness reveals process behind tender-rigging and collusion in industry.
April 22, 2018

Ramaphosa's R1.2 trillion investment plan could boost economic growth to 4.5%

President sets ambitious target of R1.2 trillion in investment during Commonwealth Summit in London.
April 22, 2018

Steinhoff pleads to save ‘burning building’ at AGM

Steinhoff International’s acting chairperson likened the retailer to a burning building when the accounting scandal broke four months ago, appealing for shareholder support for an ongoing investigation into the smoldering wreckage.
April 22, 2018

Easier to go the illegal mining route than comply with govt regulations

An illegal mining boss in Sekhukhune alleges that it is easier to go the crooked route than trying to comply with government regulations.
April 22, 2018

GreenScooter: Move over Uber

This mode of transport is scenic, environmentally friendly, cost-effective and efficient.
April 22, 2018

Scrap 'naive' inflation targeting

Report shows major policy choices gave too much ground to companies andthe rich, writes Dewald van Rensburg.
April 22, 2018

PetroSA saved (for the moment) from R7.4 billion cash crunch

State-owned oil company PetroSA was been saved from an imminent R7.4 billion cash crunch by the minister of environmental affairs, Edna Molewa.
April 22, 2018

BBC, BLSA ‘merger’ talks delayed

Talks between the Black Business Council (BBC) and Business Leadership SA (BLSA) to possibly merge into a single organisation have been delayed, at least according to the BLSA.
April 22, 2018

Innovation will be key for the next generation

As South Africans, we need to start thinking about post-struggle leadership for the young men and women who didn’t experience the horrors of apartheid.
April 22, 2018

SA has woken up in ‘heaven’ under Cyril

South Africa seems to have died and woken up in heaven, with President Cyril Ramaphosa at the helm.
April 22, 2018

Eskom’s R67bn clawback is ‘unaffordable’

If the full amount of R66.6 billion in cost recoveries sought by Eskom was granted, it would result in a 35% increase in power prices, and such an increase would not be affordable to the economy.
April 22, 2018

What does freedom mean to you?

As we celebrate Freedom Day on Friday, it is worth having a discussion about what freedom means to you and whether you are making the decisions that lead to freedom.
April 22, 2018

Spend on cloud computing is increasing in SA, Kenya and Nigeria

Spending on cloud computing has sharply increased in Africa and is set to rise further.
April 22, 2018

FNB’s mobile account attempts to reach out to the unbanked

FNB has launched its first mobile bank account service aimed at reaching out to millions of gap consumers, to whom current conventional products do not cater.
April 22, 2018

Regulatory board set to name and shame auditors

The Independent Regulatory Board for Auditors (Irba) will stop hiding the names of auditors and auditing companies found guilty of contravening its professional standards, code of conduct and the law.
April 22, 2018

There are victims in the rush for ‘truth’

An independent media is often the favourite whipping boy of politicians, business and religious charlatans.
April 20, 2018

Unions picket, demand new board at Steinhoff AGM

Trade union federation Fedusa, Cosas and the Public Servants Association staged a picket during a Steinhoff Annual General Meeting on Friday, demanding that it appoint a new board.
April 19, 2018

Rev Jesse Jackson – the dilemma and challenge of black excellence

Reverend Jesse Jackson, one of America’s foremost civil rights, religious and political figures, said while the end of political apartheid, where people were separated by race, had been achieved, economic apartheid and a lack of access to economic opportunities still persists.
April 19, 2018

We didn’t get any notice – Absa on Steinhoff

Absa has denied that it received any notice from VEB, the Dutch nonprofit organisation that has launched a class action against Steinhoff to recover money lost by shareholders in the retail group’s collapse in December.
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April 22 2018