Business

In Business: Transnet to bleed yet another R150m. ‘Old Mutual snooped on me behind my back’

2019-05-26 05:30

A decision by Transnet to suspend work on a R4.2 billion project at Durban Container Terminal is set to cost the state-owned logistics company R150 million

Following his surprise suspension hours before an annual general meeting, Old Mutual’s now former CEO Peter Moyo has hit back, saying he may take the giant insurer to court.

Was he entitled to a R45 million fee? Businessman Kholofelo Maponya believes so, and his demand for R45 million in fees for a deal he was already fully funded for led to SA Home Loans CEO Kevin Penwarden requesting to take early retirement.

How to grow a township business? The so-called township economy is a potential gold mine and could generate prosperity and jobs from within.

Read all about the young entrepreneur who has developed a smartphone app that promises to cut emergency medical responses.

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September 15 2019