Business

July 16, 2019

‘Rogue directors’ accused of looting R80m from Rebosis

Three prominent businesspersons are fighting back and have denied the claims by the Jiraserve chair, have asked court to quash application to declare them delinquents.
July 16, 2019

Reserve Bank could exit African Bank via JSE listing

A listing on the JSE of African Bank is the most likely way that the SA Reserve Bank will ultimately exit its 50% stake in the bank, while an outright sale of the interest is a less likely method.
July 16, 2019

Ferro alloy producers call on Ramaphosa for help as high electricity prices take toll

Ferro alloy producers in South Africa are on their knees and are hoping that an intervention from President Cyril Ramaphosa will bring relief from the suffocating grip of high electricity prices.
July 14, 2019

ArcelorMittal the latest to add to SA’s jobs blood bath

South Africa’s unemployment rate is set to rise, with news this week that the country’s largest steel maker is planning to cut jobs, adding to thousands that have been cut so far this year.
July 14, 2019

Cosatu, Fedusa give thumbs up to new PIC board

Cosatu and Fedusa, two of the country’s biggest labour federations, have given the thumbs up to the interim Public Investment Corporation (PIC) board announced this week.
July 11, 2019

Friends & Friction: End the fighting and believe in dreams

The struggle continues in our heads. It has moved from the streets to the boardrooms.
July 11, 2019

From R2000 to R200million: A lack of formal education did not limit M&N co-founder Zibusiso Mkhwanazi

An informal, hands-on training is just as invaluable – if not more pertinent – as a formal education.
July 10, 2019

Sugar industry in grip of a bitter crisis

Small-scale farmers, who are already struggling to stay afloat, face an even bleaker future as challenges deepen.
July 9, 2019

Rustenburg’s plan for life after platinum mines shut down

Rustenburg’s reputation as a platinum-rich town might well be faltering as the world’s biggest platinum producers shut mines and cut jobs, but the local municipality insists it has a plan for life after this mining legacy ends.
July 8, 2019

Sars set up dedicated unit for tax offences revealed at state capture commission

The SA Revenue Service (Sars) is looking to step up its tax compliance efforts with a soon-to-be signed memorandum of understanding with the National Prosecuting Authority (NPA).
July 10, 2019

Masondo: You want to buy out Reserve Bank or you want to save Eskom?

The difficult state of government finances could have an impact on the debate around whether the SA Reserve Bank should stay private or be nationalised.
July 9, 2019

Port Elizabeth wants cruise ship cash

The Port Elizabeth harbour must undergo an extensive face-lift so as to attract bigger cruise liners and welcome passengers who can be taken on tours to local attractions.
July 9, 2019

Baic’s Coega plant gets R428m cash injection

The embattled and behind-schedule Beijing Automotive Industry Corporation (Baic) SA plant at the Coega special economic zone in Nelson Mandela Bay has received a cash injection of R428 million to cover higher construction costs and delays in the proj
July 8, 2019

Holomisa: Matjila’s alleged R7.5m VBS benefit

A former Public Investment Corporation (PIC) CEO allegedly could have “personally benefited” from VBS Mutual Bank money to the tune of nearly R7.5 million.
July 8, 2019

Zimbabwe chaos deepens as economy constrained

Zimbabwean citizens and businesses are under increased pressure from a contracting economy that is facing numerous challenges. These difficulties include soaring inflation that is reducing the earning and buying power of ordinary citizens.
July 8, 2019

Small business is the panacea to SA's jobless

But to achieve this goal, a united enterprise and supplier development sector and government commitment will be needed, writes Shawn Theunissen.
July 8, 2019

G20: Where are leaders when you need them?

The G20 sees its role as providing a rudder guiding the global economy through choppy seas.
July 7, 2019

State eyes Prasa cash to boost Sanral

Instead of helping the beleaguered rail agency, government is diverting billions of its funds to the roads agency in a desperate bid to plug e-toll debt.
July 7, 2019

Mazwai sick of rebosis

Former CEO says board failed to heed his warnings, and only after he left did shares plummet.
July 7, 2019

African countries target business tourists

African governments are increasingly focusing on attracting more business tourists to meetings, conferences and exhibitions in their countries to boost economic growth, according to consultancy group PwC.
July 7, 2019

Former Bosasa auditor to shut down

A former auditor of Bosasa will shut down at the end of this month.
July 7, 2019

Matjila to testify at inquiry this week

The former Public Investment Corporation (PIC) CEO Dan Matjila will tomorrow testify at an inquiry set up to investigate allegations of impropriety under his watch.
July 7, 2019

What's in City Press Business: State eyes Prasa cash to boost Sanral; Sugar industry's bitter crisis

Here are some of the headlines in your City Press Business section today.
July 5, 2019

‘No money exchanged hands between us and Esop’: IDC on Foskor’s BEE trust

The Industrial Development Corporation insists that there was no exchange of cash between itself and a trust set up by one of its subsidiaries in order to buy shares for black employees.
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July 14 2019