The worst of the bunch was not Steinhoff, but Tongaat Hulett, whose share price declined by 84% during the 12 months, from around R83 to only R13.
Gauteng alone already has 10 gas filling stations as taxi operators flock to the cheaper, cleaner and more reliable alternative to petrol.
The suspension of a motorist’s license is likely to increase their insurance premiums or excess
The former CEO fought back against the retailer’s attempts to get him to give back salaries and bonuses paid to him since 2009.
It could make getting loans harder for those who qualify, and also risks the ire of international credit ratings agencies as uncertainty would increase.
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Sasol silently upping greenhouse gas emissions without being noticed

The company has never met its own emissions targets, and shareholders don’t seem to have realised, with some even applauding Sasol’s environmental policies.

NUM rejects wage cuts as plan to save Kimberley Ekapa Mine

Mine management confirmed all reductions would be reimbursed if the new business model was successful.

SA, Tanzania pledge to increase trade and investment

A total of 208 South African businesses are operating in Tanzania, employing about 21,000 people.

Steinhoff corporate fraud beyond what anyone envisaged, inquiry hears

What happened at the company is now ‘widely understood to be the biggest corporate fraud in South African history’.

Robben Island price-fixing case against ferry operators dismissed

The Commission reached settlements with three of the ferry boat operators in June 2018.

Special Economic Zone regime proposals ‘make no sense’

If approved, only newly established businesses will qualify for tax benefits.

Private schools are thriving in SA

Curro and other independent schools are clearly filling a gaping hole left by an overstretched and under-resourced public sector.

PIC’s security swop in Steinhoff deal was sensible ‘at the time’

A few months after trading its security for funds, the share collapsed.

Platinum miners take a ‘provocative gamble’ with low wage offers

It is almost as if employers like Lonmin are trying to provoke the unions, mining expert Dick Forslund says.

‘We’ll turn our economy around, whether people like it or not’ – Ramaphosa

He added that, in spite of the criticism being levelled at the government’s national health insurance plans, it would go ahead.

Peter Moyo puts new screws on Old Mutual’s board

The former CEO now wants its members declared in contempt of court as well as delinquent.

SAA’s losses over the past year could be as much as R9bn

The annual report for the year to end-March 2017 was the last that SAA published, and nobody knows when the 2018 report will be done.

SABC COO Dr Craig van Rooyen resigns

The SABC confirmed that the board will be interviewing potential candidates for the COO role this week.

SA lender targeting ‘ultra-poor’ has almost no bad debt

The Small Enterprise Foundation has disbursed R8.7 billion in loans to people who do not qualify for traditional bank loans, and has created close to 200 000 jobs.




 

 

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