Rain ruins one of Norway’s richest men

Betting the wrong way on the energy market has brought an extremely wealthy Norwegian power trader close to bankruptcy.

He built his fortune on dizzying forecasts but rain washed it all away: Einar Aas, one of Norway's richest men, is now teetering on the verge of bankruptcy after betting the wrong way on the energy market.

Rain ruins one of Norway’s richest men
Rain ruins one of Norway’s richest men

Rain ruins one of Norway’s richest men

Betting the wrong way on the energy market has brought an extremely wealthy Norwegian power trader close to bankruptcy.

Guptas pocketed over R120m from Chinese loan to Transnet

Guptas pocketed over R120m from Chinese loan to Transnet

The Guptas appear to have benefited from each stage of Transnet’s procurement process.
Net1 CEO on Sassa cards, job cuts and post-Sassa future

Net1 CEO on Sassa cards, job cuts and post-Sassa future

Herman Kotze explains the company’s plans for when their grant distribution contract comes to an end on September 27.
Engineering CEO keeps his job after ‘sexist’ column

Engineering CEO keeps his job after ‘sexist’ column

An advocacy group for women in engineering says the SAICE’s response highlights ‘sexism and misogyny’ in the industry.
Trade war sends European markets into the red

Trade war sends European markets into the red

European markets have taken a knock after the United States said it was looking at more than doubling threatened tariffs on a range of Chinese imports.
Cyril’s land announcement deals blow to economy

Cyril’s land announcement deals blow to economy

The president says land will be expropriated in a manner that aims to boost the economy. The markets show not everyone believes him.
SA’s richest becoming whiter and more male – report

SA’s richest becoming whiter and more male – report

The dominance of white men on the list may come as less of a surprise than the fact that this dominance has increased in the past ten years.
Get wise, don’t nationalise, says Kganyago

Get wise, don’t nationalise, says Kganyago

The Reserve Bank governor said SA could avoid recession and warned against the pitfalls of an ANC resolution to nationalise the central bank.
R1.6m to kickstart quartz mining in Northern Cape

R1.6m to kickstart quartz mining in Northern Cape

An investment company established by trade union Fedusa will receive a R1.6m grant for a quartz mining hub.
Uber and Taxify accused of exploitation

Uber and Taxify accused of exploitation

Drivers who work for the two taxi apps have accused the companies of exploitation and failing to adjust their fees to keep up with inflation and fuel prices.
Wescoal increases earnings

Wescoal increases earnings

Miner Wescoal has increased its earnings per share and has completed its acquisition of Keaton.
Invest in SA: Deputy minister urges Indian companies

Invest in SA: Deputy minister urges Indian companies

SA’s department of trade and industry has launched a trillion Rand investment recruitment drive, aimed at the Indian pharmaceutical sector.
Trade war fears send global stocks tumbling

Trade war fears send global stocks tumbling

The US president’s threat to introduce fresh tariffs on Chinese imports and Beijing’s warning of countermeasures have sent global stocks tumbling.
Ramaphoria not helping economy

Ramaphoria not helping economy

The positive change in South Africa’s mood following President Cyril Ramaphosa replacing Jacob Zuma has not yet influenced our economy.
From Ashe to Ashwin

From Ashe to Ashwin

Confronting the thorny issue of merit-based appointments in society.
The latest customs requirements for SA resident travellers

The latest customs requirements for SA resident travellers

Sars demonstrating how it will flex its muscles at individuals.
How to pay zero tax in retirement

How to pay zero tax in retirement

Without resorting to any ‘clever’ structuring.
Sars showing its teeth

Sars showing its teeth

Bravura Equity Services is in the firing line as the revenue service is granted a High Court order to conduct large-scale tax inquiry into its tax affairs.
Estonia’s Taxify steps up global fight against rival Uber

Estonia’s Taxify steps up global fight against rival Uber

Daimler is adding Taxify to its investment portfolio.
Alexander Forbes expects HEPS for year ended March to be down 14-19 percent

Alexander Forbes expects HEPS for year ended March to be down 14-19 percent

Alexander Forbes is due to release the results around June 11.
No Ramaphoria buzz for manufacturers

No Ramaphoria buzz for manufacturers

Until consumer confidence and demand for manufacturing products recovers, Ramaphoria won’t translate into a boon for manufacturers.
And you thought your prepaid electricity was prepaid…

And you thought your prepaid electricity was prepaid…

Small business slammed by R1.2m bill for ‘under-recovery’.
Sars terms of reference to be announced this week

Sars terms of reference to be announced this week

The terms of reference and members of the commission of inquiry into Sars will be announced by the president this week, MPs heard on Wednesday.
Vodacom says revenue up 6.3% to R86.4 billion in year to March

Vodacom says revenue up 6.3% to R86.4 billion in year to March

The mobile phone company also added seven million customers in the year to March.

 

 

 

 

 

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