Property group Growthpoint have released plans detailing an ambitious multi-billion-rand development for the Sandton Summit precinct.
The embattled CEO has returned despite the company’s statement on Friday saying he would not be doing so.
According to a tax expert, this is ‘giving Sars heart palpitations’ as it tries to make up billions of rands in revenue collection.
Increased provisions for bad debt, higher operating expenses and a huge tax bill have limited the bank’s earnings growth.
This marks Moyo’s second court victory against the company, the first finding he was illegally dismissed as CEO.
Recent figures released by Statistics South Africa recorded 183 liquidations in July, representing a 24.5% rise from a year ago.

Business News Mboweni has declared war on black people, says Malema

The EFF leader has called on the left to unite against the finance minister’s calls for privatisation.

Business News Two steps forward, one step backwards for economy

The economy managed to claw back 3.1% of the 3.2% it had lost in the first quarter of this year.

Cost of truck strife ‘could run into billions’

The truck logistics industry contributes 11% of SA’s gross domestic product, estimated at R1.26 trillion in the second quarter of 2019.

Business News SA dodges recession but debt woes remain

However, this is not enough to stop credit rating downgrades linked to debt issues including bailouts for state power utility Eskom, analysts say.

SA economy grows unexpectedly in Quarter 2

The country has avoided another technical recession.

GladAfrica still raking in the money in Tshwane despite cancelled contract

As of February, nearly R500m had been paid to the firm.

Business News RCL Foods bruised by tariffs and taxes

The best RCL can do is focus on factors within its control and keep engaging with government about policies which restrict growth.

Solid gold price, weak rand sees investors flock to Krugerrands

A higher gold price, a weak rand and continued uncertainty has made physical gold more popular, with Investgold selling up to 5 000 coins per week.

Personal Finance Shake up your finances this spring

Unpack the truth about your convenience spend.

Twitter CEO’s account hacked after posting racist messages

Some of the tweets contained the hashtag #ChucklingSquad, which was believed to indicate the identity of the hacker group.

Business News SA lagging in gender parity in business – study

With Women’s Month ending today, Ears executive researcher Nomzamo Xaba has painted a bleak picture.

Business News Aveng institutes legal action against SOE for non-payment of R50m

Aveng CEO Sean Flanagan declined to identify which state-owned enterprise the group had instituted legal action against, saying they are expecting payment in September.

Business News Exploit Chinese tourism to boost economy, expert says

According to Statistics SA a total of 3,355,904 travellers (arrivals, departures and transits) passed through SA ports of entry/exit in June.

Business News Here’s how govt can fix its huge debt account, the CDE says

The Centre for Development and Enterprise has a few pointers to stimulate growth, but describes the NHI model as being ‘unworkable’.




 

 

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