Business

March 19, 2019

Metropolitan Health accused of using black business as front to get tender worth hundreds of millions

A black business entity has filed a lawsuit against the company, alleging it was used to bag a lucrative government contract.
March 18, 2019

Wiese ‘open to talks’ over his R58bn claim against Steinhoff

Former Steinhoff chairperson and top shareholder Christo Wiese says he is open to negotiations over his $4 billion (about R58 billion) claim against the South African retailer, days after it revealed the scale of a devastating accounting fraud.
March 19, 2019

Businessman ‘discouraged’ from testifying about Eskom tender at Zondo commission

The commission of inquiry into state capture has apparently discouraged a businessman from testifying before it about how a multimillion-rand Eskom tender was allegedly stolen from his company.
March 18, 2019

FNB’s loyalty deals ‘better’ than Discovery Bank’s offer

FNB believes its loyalty programme is superior to what soon-to-be-launched Discovery Bank will be able to offer clients.
March 18, 2019

Public servants can retire early – with conditions

State employees will soon be able to retire early with no penalties – but conditions apply, writes Maya Fisher-French.
March 17, 2019

Black-owned banks dip as shareholders bail

The extent of black ownership in the banking sector has decreased significantly as major empowerment schemes in the industry have expired and black shareholders have sold out.
March 17, 2019

Families of Lily Mine trio call on Mantashe to prosecute

The families of the three mine workers who died in 2016 have issued a plea to Mineral Resources Minister Gwede Mantashe to ensure that those responsible for the accident are prosecuted.
March 17, 2019

Court stops platinum workers joining strike

Sibanye-Stillwater this week won a court bid to stop the Association of Mineworkers and Construction Union (Amcu) from spreading its strike at its gold operations to include workers at local platinum mines.
March 14, 2019

BBBEE is more relevant now than ever before

When addressing the topic of broad-based black economic empowerment (BBBEE), it is important that we find comfort in the preamble to our Constitution: “We, the people of South Africa, recognise the injustices of our past.”
March 14, 2019

Eskom needs private money

Not unbundling is not an option. Unbundling will enable the ‘good parts’ to thrive while applying remedies to the ‘bad parts’, writes Thembani Bukula.
March 12, 2019

SA considers financial options to help Zimbabwe revive economy

President Cyril Ramaphosa said on Tuesday South Africa was ready to help Zimbabwe revive its economy, but within its means, while the two neighbours consider options that could see Harare receiving some financial assistance.
March 12, 2019

IMF: Poor education hinders SA’s economic growth

An IMF report mentions that while SA has a fair budget for education, the teaching and learning is of poor quality.
March 12, 2019

‘Nasty’ business at FFC

A former Financial and Fiscal Commission (FFC) employee has called for the organisation to publicly release a controversial forensic report.
March 12, 2019

Transnet will comply with court order on R2.5bn tender

Despite documents showing otherwise, the SOE has pledged to meet its legal obligation to withdraw a R2.5bn deal with T-Systems and give it to a competitor.
March 12, 2019

How to rip off a bank and launder the money

Overblown fake invoices and moving millions of rands through SA in a shoebox are just some of the ways.
March 12, 2019

Pharmacy owner served with eviction notice after speaking to City Press

Following City Press’ articles last week about corporates ousting pharmacies from malls and shopping centres, one of the pharmacy owners who spoke out against the practice was served with a legal letter threatening to evict her.
March 11, 2019

Franchisers want an industry ombud

The failure by the government to move on the establishment of a franchise ombud is a “huge bone of contention”.
March 11, 2019

Fate of Mega CEO in doubt as board quits

The future of the Mpumalanga Economic Growth Agency (Mega) CEO, Xola Sithole, is uncertain despite an en masse resignation of board members who were trying to push him out of the job illegally.
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March 17 2019