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
Gordhan and Nene’s problem children

Gordhan and Nene’s problem children

Turning around SOEs is a mammoth task.

Steinhoff’s proposed extra payments to directors are obscene
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.
American investors urged to do business with SA
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.
‘Robust profitability’ for SA banks in 2018, says S&P
Business News

‘Robust profitability’ for SA banks in 2018, says S&P

But high household leverage an on-going concern.
The huge task of ‘recapturing the state’
Business News

The huge task of ‘recapturing the state’

It’s about much more than rooting out corruption.
Naspers says intends to sell up to 190 million Tencent shares
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.
SA smartphone unit sales up 21 percent in 2017
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.
Ten steps to being a happier landlord
Business News

Ten steps to being a happier landlord

Being a landlord can be tougher than most realise.
SA electricity advisory accuses utility Eskom of trying to pass costs from corruption to consumers
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.
Edgars stutters, as turnaround remains elusive
Business News

Edgars stutters, as turnaround remains elusive

Credit sales slump at year-end as group tightens lending criteria….
Rolling heads at Sars may prevent further downgrades
Business News

Rolling heads at Sars may prevent further downgrades

Clear and decisive leadership is what ratings agencies are looking for.
MTN giveth – and taketh away – with new data bundles
Business News

MTN giveth – and taketh away – with new data bundles

New prepaid pricing clearly designed to drive more usage (and spend).
Dr Jabu Mabuza: SA now has a good story to tell
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.
Ramaphosa lifts businesses spirits, says Koseff
Business News

Ramaphosa lifts businesses spirits, says Koseff

Government must now create a business-friendly environment to boost growth.
When will value outperform again?
Business News

When will value outperform again?

It’s been a lean decade for the style.
Government should be investing in ten-man bands
Business News

Government should be investing in ten-man bands

Bigger businesses have overcome a number of challenges and a better chance of survival.
Capitec increases lead among SA banks in customer satisfaction survey
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.
PIC says it will work with VBS curator
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.
Black Business Council tries to intervene on behalf of VBS Mutual Bank
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.
Government to sign deals with 27 independent power producers – official
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.
Forum seeks to boost women with bioscience-based businesses
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.
Bobroffs await final sequestration judgement
Business News

Bobroffs await final sequestration judgement

The pair continue to deny that monies are owed.
Standard Bank ups ROE target range
Business News

Standard Bank ups ROE target range

Bank’s earnings growth outpaces that of competitors.

 

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