Business News
26.3.2018 07:24 am
Gordhan and Nene’s problem children
Turning around SOEs is a mammoth task.
With about half of South African state-owned enterprises posting huge losses during the last financial year – some R22 billion for the year to March 2017 – all eyes are on finance minister Nhlanhla Nene and Minister of Public Enterprises Pravin Gordhan to save these entities from total collapse.
Gordhan and Nene’s problem children
Turning around SOEs is a mammoth task.
Business News
Steinhoff’s proposed extra payments to directors are obscene
Most troubling is the €200 000 it wants to pay the chair of the audit committee.
Business News
American investors urged to do business with SA
This comes after the U.S. MiDA delegation met with South African asset managers, financial institutions, and African pension fund representatives.
Business News
‘Robust profitability’ for SA banks in 2018, says S&P
But high household leverage an on-going concern.
Business News
The huge task of ‘recapturing the state’
It’s about much more than rooting out corruption.
Business News
Naspers says intends to sell up to 190 million Tencent shares
According to Naspers, the funds will be used to reinforce Naspers’ balance sheet.
Business News
SA smartphone unit sales up 21 percent in 2017
Sales of basic mobile phones dropped 11 percent as users migrated to smartphones, albeit entry-level ones from second-tier brands.
Business News
Ten steps to being a happier landlord
Being a landlord can be tougher than most realise.
Business News
SA electricity advisory accuses utility Eskom of trying to pass costs from corruption to consumers
Nersa last December granted Eskom a 5.2 percent tariff increase for 2018-19, effective from April 1, 2018, against the 19.9 percent Eskom had applied for.
Business News
Edgars stutters, as turnaround remains elusive
Credit sales slump at year-end as group tightens lending criteria….
Business News
Rolling heads at Sars may prevent further downgrades
Clear and decisive leadership is what ratings agencies are looking for.
Business News
MTN giveth – and taketh away – with new data bundles
New prepaid pricing clearly designed to drive more usage (and spend).
Business News
Dr Jabu Mabuza: SA now has a good story to tell
A report back from team SA’s meeting with rating agencies and investors in the UK and US.
Business News
Ramaphosa lifts businesses spirits, says Koseff
Government must now create a business-friendly environment to boost growth.
Business News
Government should be investing in ten-man bands
Bigger businesses have overcome a number of challenges and a better chance of survival.
Business News
Capitec increases lead among SA banks in customer satisfaction survey
FNB and newly included African Bank ranked above the industry average at 81.0, followed by Nedbank at 76.3 points.
Business News
PIC says it will work with VBS curator
The Public Investment Corporation (PIC) on Monday said it would work closely with the curator of VBS Mutual Bank (VBS) to help bring the bank out of crisis.
Business News
Black Business Council tries to intervene on behalf of VBS Mutual Bank
SARB Governor Lesetja Kganyago announced on Sunday afternoon that VBS Mutual Bank had been placed under curatorship with immediate effect.
Business News
Government to sign deals with 27 independent power producers – official
The agreement could put an end to a two-year period of great uncertainty for the South African renewable-energy industry.
Business News
Forum seeks to boost women with bioscience-based businesses
The programme will target female entrepreneurs whose businesses involve biotechnologies and other technologies in health or nutrition.
Business News
Bobroffs await final sequestration judgement
The pair continue to deny that monies are owed.
Business News
Porritt: Another court, another bid for freedom dismissed
And Tigon accused has to pay state’s cost.
Business News
Standard Bank ups ROE target range
Bank’s earnings growth outpaces that of competitors.
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