Business
19.4.2018 03:19 pm
Absa denies role in Steinhoff shareholders’ losses
The bank says it has not received any notification from VEB regarding its liability for damages incurred by Steinhoff shareholders.
Absa Bank, a wholly-owned subsidiary of Barclays Africa Group Limited (BGL), has distanced itself from compiling or reviewing the financial statements of Steinhoff International, saying that it was only the retailers' Johannesburg Stock Exchange (JSE) transaction sponsor.
Absa denies role in Steinhoff shareholders’ losses
The bank says it has not received any notification from VEB regarding its liability for damages incurred by Steinhoff shareholders.
Business
Youth chamber threatens govt entities with court over failure to comply with BEE
The YCCSA says government entities in Mpumalanga are reluctant to implement the provisions of the PPPFA.
Business
Whipped investment funds are sticking with Resilient
Despite nervousness about whether market regulators will find the property group guilty of share price manipulation.
Business
Investors still heading offshore – Glacier International
Flows suggest breakdown in relationship between rand weakness and externalisation.
Business
Imperial Holdings accepts CEO Lamberti’s resignation, appoints replacement
Osman Arbee has been appointed group CEO with effect from May 1.
Business
Anglo American Platinum invests in high-yield energy technologies
Anglo American Platinum says the investment boosts demand for its metals.
Business
Companies still fronting through trusts
Ntuli says there are several companies that have been referred for criminal investigation.
Business
Eskom board continues to clean house
Twenty-four Eskom employees have been identified to be doing business with the power utility.
Business
Mark Lamberti resigns as CEO of Imperial Holdings
This follows a high court judgment that found him guilty of discrimination after he referred to an employee as a ‘female employment equity candidate’.
Business
Mediclinic says it expects to deliver results marginally ahead of expectations
The private healthcare services group says its Middle East division is now entering an expansionary phase.
Business
SA hosts on Airbnb platform received about 830 000 guests in 2017
Cape Town received about 350,000 Airbnb guests from over 150 countries.
Business
German police raid Porsche execs in diesel probe
German police on Wednesday carried out raids on properties linked to two top Porsche executives and one ex-employee of the luxury carmaker as part of a fraud probe linked to the diesel emissions cheating scandal, prosecutors said.
Business
Sassa top boss says sorry over grants fiasco, but…
Paying legal costs out of her own pocket will have a negative impact on her family members, said Sassa’s acting CEO Pearl Bengu.
Business
Revealed: Steinhoff’s foray into the ultra-luxurious Cape Town residential market
With Investec’s managing director, Bernard Kantor.
Business
SAA awarded 4-Star Skytrax ranking for products, services
Despite the challenges the airline is facing, it says awards demonstrate that SAA is standing its ground as one of the leading airlines in the world.
Business
Sasfin says reaches deal to acquire SCMSA from Saxo Bank
The company says investment into SCMSA will lead to the facilitation of broader trade within SA financial markets.
Business
Anglo American says rough diamond sales for De Beers’ third cycle of 2018 at $520m
Mining conglomerate Anglo American said on Tuesday rough diamond sales for its subsidiary De Beers’ third sales cycle of 2018 amounted to $520m.
Business
Independent Media says rivals attempt to scupper Sagarmatha listing
The media conglomerate says the most malicious of these was the narrative that Independent Media was ‘technically insolvent’.
Business
No wealth tax yet, but bigger administrative burden awaits taxpayers
The Davis Tax Committee has published its final report.
Business
China to lift foreign ownership limits on automakers
China announced a timeline for lifting ownership limits on foreign automakers Tuesday, meeting a longtime demand of the United States and other countries seeking better access for their companies in the world’s biggest car market.
Business
Ramaphosa appoints Trudi Makhaya as economic advisor
Makhaya is a writer, economist and entrepreneur.
Business
Cryptocurrencies’ tax scenarios still murky
One area of uncertainty relates to the VAT treatment of cryptocurrency transactions, and another to barter transaction scenarios.
Business
Facebook confirms it collects data beyond users
Facebook, embattled in a scandal over the mishandling of user data, confirmed Monday that it also collected information from people beyond their social network use.
Business
Defaulting taxpayers to be prosecuted for outstanding returns – Sars
Failure to submit a tax or VAT return is a criminal offence in terms of the country’s tax legislation.
Business
AngloGold Ashanti chief executive resigns
Venkatakrishnan will remain in his current role until August 30, 2018.
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