Former Prasa acting CEO Collins Letsoalo to break silence on 350% salary hike

Letsoalo says he will address matters related to whether his salary was irregular and who knew about it; including criminal charges of perjury against the former board chairperson, Popo Molefe.

Collins Letsoalo, former acting chief of Passenger Rail Agency of SA (Prasa), will on Monday break his silence about allegations that he had been asked to pay back the monies he earned after he allegedly hiked his salary by 350 percent when he was at the helm of the troubled rail agency.

Former Prasa acting CEO Collins Letsoalo to break silence on 350% salary hike
Former Prasa acting CEO Collins Letsoalo to break silence on 350% salary hike

Former Prasa acting CEO Collins Letsoalo to break silence on 350% salary hike

Letsoalo says he will address matters related to whether his salary was irregular and who knew about it; including criminal charges of perjury against the former board chairperson, Popo Molefe.

Edcon CEO says group inching closer to recapitalisation deal

Edcon CEO says group inching closer to recapitalisation deal

Pattison also called on workers not to panic, saying that their jobs were safe.
Kingon’s term as acting Sars commissioner extended again for 90 days

Kingon’s term as acting Sars commissioner extended again for 90 days

The acting Sars boss will have to step aside if Ramaphosa appoints a new commissioner within this time period.
Private Property website welcomes new CEO, Amasi Mwela

Private Property website welcomes new CEO, Amasi Mwela

The company says it has plans to continue to lead the online property market in SA.
All Eskom wants for Christmas is a R100bn government bailout

All Eskom wants for Christmas is a R100bn government bailout

The struggling power utility wants the state to absorb its debt in a move that would likely be good for them but bad for our credit rating.
KPMG will pay back Gupta money to civil society

KPMG will pay back Gupta money to civil society

The company’s executive chairperson called the move ‘an important step in ensuring redress for the actions of the past’.
Peggy-Sue Khumalo becomes first black woman to head up Standard Bank’s wealth unit

Peggy-Sue Khumalo becomes first black woman to head up Standard Bank’s wealth unit

Short and long-term insurance, asset management, pension-fund operations, and fiduciary services will fall into her portfolio come 2019.
Lewis Group earnings up nearly 11 percent on strong sales growth

Lewis Group earnings up nearly 11 percent on strong sales growth

Lewis’ store base increased to 779 following the opening of 14 stores and closure of eight during the six month period.
SCA: R3bn school workbook contract invalid

SCA: R3bn school workbook contract invalid

The contract covers the printing of 60 million books with 8.78 billion pages in 11 official languages, distributed to 24 000 schools in nine provinces.
PSG founder Jannie Mouton resigns

PSG founder Jannie Mouton resigns

In a note to shareholders in May, Mouton announced that he had been been diagnosed with an early form of dementia.
Late payments from govt cause 80% of SA small businesses to fail – DA

Late payments from govt cause 80% of SA small businesses to fail – DA

The party says the government is sitting on about R27bn in outstanding invoices.
Eusebius McKaiser tears Momentum CEO to shreds

Eusebius McKaiser tears Momentum CEO to shreds

The CEO of the insurer’s holding company was grilled on the controversial non-payment of a claim.
Trade and investment ‘expected’ as German president visits Ramaphosa

Trade and investment ‘expected’ as German president visits Ramaphosa

President Frank-Walter Steinmeier’s visit marks the first from a German president in 20 years.
MultiChoice found to have ‘captured’ SABC through ‘merger’

MultiChoice found to have ‘captured’ SABC through ‘merger’

The Competition Commission of South Africa has found that a 2013 deal amounts to a merger allowing MultiChoice to ‘influence’ the public broadcaster.
AfDB looks to plug Africa’s finance gap in Africa Investment Forum

AfDB looks to plug Africa’s finance gap in Africa Investment Forum

The African Development Bank wants to ensure the forum becomes Africa’s key springboard for investment.
SA still looking into whether fuel price can be capped

SA still looking into whether fuel price can be capped

Minister of Energy Jeff Radebe told parliament we can expect a report on whether the price of petrol can be capped next year.
African business leaders bound for investment summit in Cape Town

African business leaders bound for investment summit in Cape Town

Speakers to the summit include, among others, investors, business leaders and experts.
Mboweni’s mini budget in a nutshell

Mboweni’s mini budget in a nutshell

A break-down of our new finance minister’s plan to get the struggling SA economy back on track.
Apple, Samsung fined millions for slowing phones

Apple, Samsung fined millions for slowing phones

The ruling by Italy’s competition authority sees the two tech giants penalised for ‘planned obsolescence.’
SA has highest youth unemployment in the world

SA has highest youth unemployment in the world

According to a book published by the Economist, the number of South African young people without jobs is shockingly high.
SA could face another VAT increase, say experts

SA could face another VAT increase, say experts

Shortfalls in tax revenue could lead to another VAT increase as SA battles through a technical recession.  
‘Green growth’ duo win Nobel Prize for economics

‘Green growth’ duo win Nobel Prize for economics

Individually, the pair have both developed models that show how innovation and climate policies can be integrated with economic growth.
EFF’s Shivambu fights ‘aggressive tax avoidance’ by big business ‘costing SA billions’

EFF’s Shivambu fights ‘aggressive tax avoidance’ by big business ‘costing SA billions’

The party’s deputy president wants to help Sars out by bringing a private member’s bill to parliament in a bid to force multinational corporations to pay up.
Britain bans anti-avocado advert

Britain bans anti-avocado advert

A UK advertising regulator found that the Costa Coffee radio commercial discouraged the selection of fresh fruit.
Israel and Egypt strike a deal over gas

Israel and Egypt strike a deal over gas

It will be the first time Egypt, which in 1979 became the first Arab country to sign a peace treaty with Israel, imports gas from its neighbour.
Nigeria lowers its voice in dispute with MTN

Nigeria lowers its voice in dispute with MTN

The cellular giant has been sanctioned by Nigerian authorities, who now say the issue of over R100 billion in dividends will be ‘resolved’. 

 

 

 

 

 

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