Business News 23.3.2017 01:14 pm

IFC playing coy on Net1 allegations

The company’s largest shareholder is monitoring activities.

The International Finance Corporation (IFC), a member of the World Bank Group and Net1’s largest shareholder, promises to engage with the management of the company to “promote responsible business practices and behaviour” it said in response to questions put to it by Moneyweb.

IFC playing coy on Net1 allegations
IFC playing coy on Net1 allegations

IFC playing coy on Net1 allegations

The company’s largest shareholder is monitoring activities.

Juba threatens to terminate foreign oil exploration contracts
Business News

Juba threatens to terminate foreign oil exploration contracts

If the oil companies failed to implement their oil surveys and engage with the government by April’s end then they should leave the oil sector, says Gatkuoth.
Sanlam to acquire PineBridge East Africa
Business

Sanlam to acquire PineBridge East Africa

The Sanlam Group, a financial services provider with a market capitalisation in excess of U.S.$11bn, has operations in 34 African countries.
Undercutting making mockery of insurance brokers, expert says
Business News

Undercutting making mockery of insurance brokers, expert says

Price variances said to threaten sustainability of industry.
‘We see the rand strengthening further’
Business News

‘We see the rand strengthening further’

Andrew Vintcent – fund manager – ClucasGray Asset Management shares his view on currencies and expectations for the local market.
Peters accused of ulterior motive for suspending Prasa board
Business News

Peters accused of ulterior motive for suspending Prasa board

Court to rule after presiding over major mudslinging.
Wesbank forecasts car sales growth for 2017
Business News

Wesbank forecasts car sales growth for 2017

WesBank was confident that South Africa’s economy would see positive but subdued growth going into 2018, says De Kock.
‘Tshwane’s deep-set financial trouble almost insurmountable’
Business News

‘Tshwane’s deep-set financial trouble almost insurmountable’

Ratings Afrika warns of reputation risk for South Africa.
Working overseas could become much less lucrative
Business

Working overseas could become much less lucrative

If Treasury’s proposal to address double non-taxation is introduced.
Plans to build on R42bn SA-Mozambique trade
Business News

Plans to build on R42bn SA-Mozambique trade

The cordial relations between these two countries were reinforced by growing ties in trade, investment, tourism, migration and security, says Davies.
Proposed probe into tax refund delays ‘long overdue’
Business

Proposed probe into tax refund delays ‘long overdue’

Tax experts call for planned investigation to be broadened.

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