Business
10.12.2018 08:02 am
Absa: Here’s what’s wrong with its retail bank
The five not-so-minor problem it aims to fix.
In an extraordinarily candid investor day on Friday, Absa detailed the issues plaguing its local retail and business banking division (RBB SA), as well as ambitious plans for each of its business units to grow ahead of the rest of the market from next year.
Absa: Here’s what’s wrong with its retail bank
The five not-so-minor problem it aims to fix.
Business
Three court judgments that have changed the face of mining in SA
Local communities find themselves in the driving seat.
Business
If Eskom goes down, SA will crash – Outa
The power utility should provide a long-term business plan to show how they plan to get out of their financial woes, says an expert.
Business
A tough investing year is behind us – what now?
Many anticipate that the president needs to move through the upcoming 2019 election before cementing his ideal cabinet and fully enacting his vision for reform in the country.
Business
Embattled KPMG ‘a different company now’, promises chairman
The firm has had a ‘significant introspection’ and made changes on who it worked with, how it conducted itself, and how it did its works.
Business
Dti welcomes SCA ruling on micro-finance short-term loans interest rates
The judgment goes a long way in advancing the efforts of government to bring relief to over-indebted consumers.
Business
Eskom is the ‘single biggest threat’ to SA’s future, says Maimane
Today the power utility is a financial disaster with significantly more debt, more employee costs, and higher cost to produce electricity.
Breaking News
Ramaphosa announces minimum wage to kick in from January 1
Most workers in South Africa will get no less than R20 an hour from the start of next year, although some state workers may still get as little as R11.
Personal Finance
Court ruling provides some relief for borrowers
The maximum interest rate on second loans has been reduced.
Business
SA Express introduces flights to Mthatha
The airline will initially operate a daily flight from OR Tambo International Airport, with the intention of increasing frequency.
Business
Mystery R99 debit hits SA accounts
Access to the payment universe was granted by Standard Bank, which seems to prefer not to comment.
Business
Matjila’s departure from PIC ‘not linked to graft’
The PIC chair told Scopa the board was still debating the issues raised in the letter, including with the Matjila’s lawyers.
Business
Work harder to improve GDP contribution, Mantashe tells mines
The mining industry was the biggest detractor from economic growth between July and September, declining by 8.8 percent.
Business
Fitch keeps SA’s rating at BB+, with stable outlook
The agency expects GDP to grow, but ‘low growth and high inequality could raise the risk of social tensions’, including over land reform.
Business
Gordhan reveals Eskom emergency plans
Among these are proposed plans to split Eskom’s generation and distribution functions as part of a future strategy to stabilise the utility.
Business
Tshokolo Nchocho appointed IDC chief executive on five-year contract
The term of office of current chief executive comes to an end on December 31.
Business
SA business confidence edges up slightly as momentum flattens – Sacci
South Africa exited a technical recession in the third quarter, but overall growth is expected to be anaemic at 0.7% in 2018.
Business
Treasury must prioritise financial management report – committee
The department appointed Nexus Forensic to probe the failed rollout of the Integrated Financial Management System amid reports of irregular expenditure.
Business
Forensic probe into Steinhoff scandal to be completed in 2019
The company is still grappling with the fallout after admitting to accounting irregularities a year ago.
Business
Huawei CFO arrested in Canada
The company says it is unaware of any wrongdoing by the executive and was provided ‘very little information’ about the charges.
Business
Trillian will only answer next year over Eskom’s R600m
Eskom maintained they never had any contract with Trillian, never owed them a cent and that no work was done for the money paid to them.
Business
Eskom is ‘kaput’. It’s game over – energy experts
The power utility is currently kept afloat by a government debt guarantee of R350 billion, and it wants R100 billion more – but it may all be pointless.
Business
No electricity all day tomorrow? Eskom says don’t believe it
Social media users have reportedly been sharing ‘fake news’ about how tomorrow will be an extra-dark day.
Business
DA mocks government for saying it will ‘ban the internet’ over online gambling
Ghaleb Cachalia has accused Rob Davies of ‘conflating communism and self-flagellation’ to ‘facilitate the spiritual redemption of men by impoverishing them in this life’.
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