17.9.2019 07:49 am
They prefer to be called business forums, but have reportedly affected virtually every major construction site in KwaZulu-Natal.
They started off invading construction sites in KwaZulu-Natal (KZN), demanding 30% of the contract work. Then it spread to Gauteng, and has now gone countrywide.
Many of the workers have been with the company since leaving school and are now facing insurmountable challenges.
100% of shareholders voted in favour of Group Five Limited’s plan and 96.1% in favour of the Group Five Construction plan, with both plans now adopted and binding.
Employers had soft hiring intentions for the last quarter of the year while 10% anticipate an increase in payrolls, 6% expect a decrease and 82% forecast no change.
The SA media titan’s new company Prosus’ value instantly soared to around 123 billion euros (almost two trillion rand).
Moody’s is worried that government’s ongoing support of SOEs might increase the rating agency’s projections for South Africa’s debt-to-GDP ratio.
Moody’s also pointed to a growing gulf in income inequality in the country – a concern that could pose social volatility, compared to other emerging markets.
‘The real yields on South African bonds are still attractive, given the risks, particularly when compared to other asset classes,’ Momentum Investment’s Ian Scott said.
This is the second time the company has prevented its CEO from performing his duties on his return.
Trends indicate that the economy and house prices are flatlining, and are likely to stay that way for the remainder of this year.
It will simplify its offering, but not all investors are pleased.
Property group Growthpoint have released plans detailing an ambitious multi-billion-rand development for the Sandton Summit precinct.
The embattled CEO has returned despite the company’s statement on Friday saying he would not be doing so.
According to a tax expert, this is ‘giving Sars heart palpitations’ as it tries to make up billions of rands in revenue collection.