Business News 11.10.2017 09:02 am

Judges request City of Tshwane/PEU settlement

PEU has sent a written settlement proposal to AfriSake and the City of Tshwane.

Moneyweb has learnt that three High Court judges on Tuesday requested business grouping AfriSake, the City of Tshwane and its controversial smart metering contractor PEU Capital Partners to try to reach a settlement.

Judges request City of Tshwane/PEU settlement
Judges request City of Tshwane/PEU settlement

Judges request City of Tshwane/PEU settlement

PEU has sent a written settlement proposal to AfriSake and the City of Tshwane.

Famous Brands buckles under expectation of greatness
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Famous Brands buckles under expectation of greatness

Its poor trading update underscores the extent of its problems in the UK.
Ramaphosa can turn the SA ship around – Gordhan
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Ramaphosa can turn the SA ship around – Gordhan

But those who risk losing influence won’t give up easily, former finance minister warns.
SA manufacturing production up 1.5% in August
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SA manufacturing production up 1.5% in August

StatsSA said the increase was due to higher production in the basic iron and steel, non-ferrous metal products, metal products and machinery.
Cape Town on a mission to double halal exports by 2025
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Cape Town on a mission to double halal exports by 2025

Halal exports include meat, dairy, fresh fruit, cosmetics and pharmaceuticals.
TFG replaces KPMG as Telkom halts new work on Gupta fallout
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TFG replaces KPMG as Telkom halts new work on Gupta fallout

Deloitte & Touche LLP to replace the embattled auditor.
Autoliv to pay R150m for contravening SA competition laws
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Autoliv to pay R150m for contravening SA competition laws

The settlement follows an investigation by the Competition Commission into the company and its competitors for colluding on tenders issued by car manufacturers.
What does your medical scheme contribution pay for?
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What does your medical scheme contribution pay for?

Healthcare expenses outpace increased contributions.
Fedusa to reconsider PIC investment mandate
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Fedusa to reconsider PIC investment mandate

As it fears for public sector pension savings.
Glencore to fork out $973m for Chevron South Africa and Botswana stake
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Glencore to fork out $973m for Chevron South Africa and Botswana stake

Chevron South Africa has a crude oil refinery in Cape Town that produces gasoline, diesel, jet fuel and liquefied petroleum gas.
SA Reserve Bank denies instructing banks on KPMG
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SA Reserve Bank denies instructing banks on KPMG

KPMG failed to flag monies allegedly laundered through businesses owned by the controversial Gupta family, which the firm audited.
Value funds having a wild ride
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Value funds having a wild ride

Positive returns are once again elusive.
How the dead frustrate the living
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How the dead frustrate the living

Changes to the Income Tax Act make the winding up of an estate a never-ending process.
Foreign investors pile into SA bonds
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Foreign investors pile into SA bonds

Despite the jarring local news flow, the hunt for yield points investors to SA’s bond market.
Sale of SA’s strategic fuel stock heads to court
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Sale of SA’s strategic fuel stock heads to court

The sale caused an outcry, partly because the stock was disposed off at the low price of 29 US dollars a barrel.
African Bank fully funds R3bn SA Reserve Bank’s indemnity facility
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African Bank fully funds R3bn SA Reserve Bank’s indemnity facility

Last month, the bank offered to repurchase up to R3.2bn of domestic bonds in an effort to reduce the interest repayments on its debt.
Wits University drops KPMG as its auditor
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Wits University drops KPMG as its auditor

Wits says the committees acknowledged that KPMG did take some action following the Gupta family controversy, but felt that it had not gone far enough.
‘Profound tragedy’ if KPMG fell over
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‘Profound tragedy’ if KPMG fell over

Cut the firm some slack – Former finance minister Trevor Manuel.
Sheriff auctions – Five tips for cashing in
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Sheriff auctions – Five tips for cashing in

It’s tricky, but not impossible to buy well.
Media24 terminates Novus printing contracts
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Media24 terminates Novus printing contracts

‘No certainty’ of discussions towards new agreements.
Sassa misses another deadline to sign Post Office deal
Business

Sassa misses another deadline to sign Post Office deal

Blames it on the due diligence process to assess the capacity of the Post Office to take over social grant payments.
SAA: Beyond the point where it can be rescued or even privatised
Business News

SAA: Beyond the point where it can be rescued or even privatised

‘If we stopped running SAA every South African could have a house,’ says FMF executive director, Leon Louw.
Sun International’s debt problem
Business News

Sun International’s debt problem

Bankers are unhappy about gearing levels.

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