Business 24.9.2017 09:37 am

Maine got R500K donation for ‘promise’ he didn’t deliver on – report

The ANC Youth League president has been accused of preying on a desperate coal company.

According to a report in the Sunday Times, ANC Youth League president Collen Maine solicited a donation of half a million rand for the league from a troubled coal company, but apparently did not keep to his side of the bargain.

Maine got R500K donation for ‘promise’ he didn’t deliver on – report
Maine got R500K donation for ‘promise’ he didn’t deliver on – report

Maine got R500K donation for ‘promise’ he didn’t deliver on – report

The ANC Youth League president has been accused of preying on a desperate coal company.

UK restaurant jobs unfilled as EU workers leave
Business

UK restaurant jobs unfilled as EU workers leave

As EU nationals leave Britain in ever greater numbers ahead of Brexit, restaurants like pizzeria chain Franco Manca are reporting shortages that could spell trouble for a sector that relies on immigrant labour.
Nigerian lawyer sues FirstRand for R1.3bn
Business News

Nigerian lawyer sues FirstRand for R1.3bn

The attorney said his legal action relates to unpaid bills for work he did for companies linked to FirstRand.
Govt must review all KPMG work to uncover ‘compromised’ audits, says Gigaba
Business

Govt must review all KPMG work to uncover ‘compromised’ audits, says Gigaba

KPMG has undermined SA’s reputation for good governance and audit independence, says Finance Minister.
Gordhan meets KPMG
Business

Gordhan meets KPMG

Former finance minister calls on KPMG to be ‘frank with South Africans’.
Pick n Pay’s checkout: Cash or credit?
Business News

Pick n Pay’s checkout: Cash or credit?

Shoppers will be offered the option of paying for groceries on credit at Pick n Pay stores.
Outa moves to secure Gupta mines’ rehabilitation funds
Business News

Outa moves to secure Gupta mines’ rehabilitation funds

Outa’s chief operating officer says the organisation wants to stop the mines’ funds from disappearing.
Repo rate unchanged at 6.75 percent per annum
Business News

Repo rate unchanged at 6.75 percent per annum

The announcement came as a relief for consumers after the Sarb left the repo rate unchanged at seven percent per annum in May.
Gupta companies lose court bid to stop Bank of Baroda from closing accounts
Business

Gupta companies lose court bid to stop Bank of Baroda from closing accounts

The companies sought an interim relief to stop the bank from closing their business and loan accounts at the end of September.
Sasol Inzalo: What went wrong?
Business News

Sasol Inzalo: What went wrong?

The BEE share scheme is going underwater, with its troubles stemming from the volatile oil price.
Enterprise development spending could be tax deductible
Business News

Enterprise development spending could be tax deductible

How using Section 12J vehicles could benefit local businesses.
Five changes to Discovery Vitality in 2018
Business News

Five changes to Discovery Vitality in 2018

The good news: points – earned and tiers – stay the same.
LISTEN: Sasfin CEO on why the company called it quits with KPMG
Business

LISTEN: Sasfin CEO on why the company called it quits with KPMG

The chairperson of KPMG International has since issued an apology.
Can SA sustain five stock exchanges?
Business

Can SA sustain five stock exchanges?

As yet another new player enters the market.
This SOC even pays a dividend!
Business

This SOC even pays a dividend!

We addressed our concerns about SAA exposure – Acsa.
JSE-listed companies are divided on KPMG relationship
Business

JSE-listed companies are divided on KPMG relationship

Some have fired, some are reviewing, and at least one is keeping the firm as auditors.
Asisa board appoints new chair and deputy chair
Business News

Asisa board appoints new chair and deputy chair

The position of chair was left vacant at the end of May this year following the resignation of Thabo Dloti as a result of his departure from Liberty.
Sasfin cuts ties with KPMG after 18 years of service
Business

Sasfin cuts ties with KPMG after 18 years of service

The financial-services company says its decision was made as part of its commitment to good governance.
SA leads AU trade ministers in discussions on WTO issues
Business

SA leads AU trade ministers in discussions on WTO issues

The meeting took place at the African Union Headquarters in Addis Ababa, on Monday.
SA’s booming debt delinquency
Business

SA’s booming debt delinquency

A decade after the National Credit Act came into being, 16 000 consumers a month are seeking debt review.
SA corporates not on an investment strike
Business

SA corporates not on an investment strike

Policy uncertainty, risk-return considerations behind cash caution, Intellidex finds.
Implats says 2 500 jobs at risk, potentially more
Business

Implats says 2 500 jobs at risk, potentially more

Due to severe financial pressures at Impala Rustenburg.
Equifax executives step down after major hack
Business

Equifax executives step down after major hack

Equifax has replaced two senior executives entrusted with watching over its computers, after the credit reporting agency revealed it suffered a major hack that led to one of the worst-ever breaches of personal data.
Sars to take legal action against KPMG for reputational damage
Business

Sars to take legal action against KPMG for reputational damage

Commissioner Tom Moyane says Sars will immediately stop all work KPMG is doing for the tax authority.
Over to you, Postbank
Business

Over to you, Postbank

Time is running out to transfer the payment of social grants.

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