Business News 23.6.2017 11:37 am

Group Five’s extraordinary general meeting sparks an exodus of board members

This comes after fund manager Allan Gray said last month that it had lost faith in the Group Five board.

Construction and engineering giant Group Five said on Friday that five directors will resign next month, including chairwoman Philisiwe Mthethwa, ahead of the extraordinary general meting called by one of the major shareholders.

Group Five’s extraordinary general meeting sparks an exodus of board members
Group Five’s extraordinary general meeting sparks an exodus of board members

Group Five’s extraordinary general meeting sparks an exodus of board members

This comes after fund manager Allan Gray said last month that it had lost faith in the Group Five board.

Eskom appoints Johnny Dladla as acting CEO
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Eskom appoints Johnny Dladla as acting CEO

The new acting CEO, who has been with the power utility for more than two decades, will start in his new position with immediate effect.
South32 awards R158m coal contract to 100% black-owned company
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South32 awards R158m coal contract to 100% black-owned company

The company was awarded a three-year core-mining contract worth R158m.
‘Increases in CEO guaranteed pay much higher than inflation’
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‘Increases in CEO guaranteed pay much higher than inflation’

Report highlights trends in remuneration among largest JSE firms.
Malema: We need real black property owners
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Malema: We need real black property owners

EFF leader says landownership is central to uplifting township economies.
Porritt arrested, detained in hospital
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Porritt arrested, detained in hospital

Will be brought before court on Thursday.
National Treasury still has a chance to save the economy
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National Treasury still has a chance to save the economy

It can boost investor confidence by cracking down on corruption and implementing policies.
Meat and petrol price increases drive up May CPI food inflation
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Meat and petrol price increases drive up May CPI food inflation

On average, prices increased by 0.3 percent between April and May, in line with market expectations.
Chamber of Mines meets ANC over Mining Charter
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Chamber of Mines meets ANC over Mining Charter

The Chamber has rejected the Reviewed Mining Charter gazetted by Mineral Resources minister Mosebenzi Zwane.
Struggling Central Rand Gold secures another $250K loan payment
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Struggling Central Rand Gold secures another $250K loan payment

CRG says its cash position remains challenging as it has only R6.9 million at bank.
Rooibos Limited charged for abuse of dominance
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Rooibos Limited charged for abuse of dominance

The Competition Commission is seeking an order from the tribunal declaring the company has contravened the Competition Act.
Sibanye Gold secures two-year wage agreement at Stillwater operations
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Sibanye Gold secures two-year wage agreement at Stillwater operations

Sibanye is the largest individual producer of gold in SA and one of 10 largest gold producers globally.

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