South Africa - Business Day
Wednesday - 18th July, 2018
resist politics of fear and resentment
Former US president Barack Obama on Tuesday warned of the rise of “strongman politics”, authorit...
Tuesday - 17th July, 2018
Treasury split over action on PIC chief
Finance Minister Nhlanhla Nene is opposing legal action to suspend Dan Matjila, the embattled CEO of...
Monday - 16th July, 2018
US duties to knock SA’s Agoa exports
SA has raised its concern with the US government about possible duties on vehicle and vehicle compon...
Friday - 13th July, 2018
PIC CEO’s political support crumbling
Political support for Public Investment Corporation (PIC) CEO Daniel Matjila seems to be slipping, l...
Thursday - 12th July, 2018
Ramaphosa delays Jiba probe decision
President Cyril Ramaphosa has asked for time to decide whether he continues to fight his predecessor...
Wednesday - 11th July, 2018
Blow to Ramaphosa plan to sort out NPA
President Cyril Ramaphosa’s efforts to sort out the leadership crisis and restore the credibility ...
Tuesday - 10th July, 2018
McKinsey stands firm on SOE pricing model
McKinsey, the global consultancy that had to refund Eskom almost R1bn in fees, will continue to purs...
Monday - 9th July, 2018
Eskom gets McKinsey fee — without interest
McKinsey will on Monday pay back R902m of the R1.6bn that Eskom awarded it in 2016, but will keep mi...
Friday - 6th July, 2018
Struggling Eskom splurges on execs
Cash-strapped power utility Eskom, which is embroiled in a bruising wage dispute with unions, has be...
Thursday - 5th July, 2018
City Power in drive to plug R1.2bn gap
Johannesburg’s economic mainstay and biggest service provider, City Power, is heading into the 201...
Wednesday - 4th July, 2018
Glencore takes R100bn knock on US subpoena
Commodities behemoth Glencore had more than R100bn of its market value wiped out on news that the US...
Tuesday - 3rd July, 2018
Monday - 2nd July, 2018
Absa cuts execs to get bank back into shape
Absa has overhauled its retail and business banking unit, cutting the leadership team in half and ha...
Friday - 29th June, 2018
Zuma ‘had hand in weakening SARS’
Former president Jacob Zuma was identified as one of the actors who had enabled the dismantling of t...
Thursday - 28th June, 2018
De Lille’s membership safe, but battle not over
The DA’s internal crisis deepened on Wednesday as Cape Town mayor Patricia de Lille again whipped ...
Wednesday - 27th June, 2018
Old Mutual share price no match for vuvuzelas
Old Mutual Ltd’s share price was mostly a sad match for the thunder of vuvuzelas that welcomed the...
Tuesday - 26th June, 2018
State throttles funding of Zuma’s legal costs
Former president Jacob Zuma’s court bid to stop his criminal trial from going ahead suffered a maj...
Monday - 25th June, 2018
Gordhan turns to bank chiefs to rescue SOEs
In a sign that state-owned enterprises (SOEs) are still in dire straits after a decade of mismanagem...
Friday - 22nd June, 2018
Disputed health bills head for heated debate
Health Minister Aaron Motsoaledi released two bills on Thursday that pave the way for sweeping refor...
Thursday - 21st June, 2018
Eskom unions close ranks in wage talks
Trade unions at Eskom tabled a long list of demands on Wednesday that includes a 9% wage hike for 20...
Wednesday - 20th June, 2018
Embattled rand falls to Zuma levels
For the rand, Ramaphoria is over. The currency slumped as much as 2% against the dollar on Tuesday t...
Tuesday - 19th June, 2018
Vodacom’s R325m Transnet deal ‘valid’
Less than two weeks after advertising authorities ruled in MTN’s favour, Vodacom has won the lates...
Monday - 18th June, 2018
Invicta tax liabilities a new blow for Wiese
In another blow for investment tycoon Christo Wiese, industrial supplies conglomerate Invicta Holdin...
Friday - 15th June, 2018
Steinhoff investors will not recoup their losses
Investors who lost billions of rand when Steinhoff International’s shares collapsed amid one of SA...
Thursday - 14th June, 2018
Government in move to trim public service
Thousands of public sector workers over the age of 60 will be offered voluntary retrenchment as part...
Wednesday - 13th June, 2018
VEB takes Deloitte to court over Steinhoff
Dutch Investors’ Association VEB has issued summons against Deloitte for breach of obligations whe...
Tuesday - 12th June, 2018
Vodacom in biggest BEE telecoms deal
Vodacom will spend R1.1bn on an employee share ownership scheme as part of its R17.5bn broad-based b...
Monday - 11th June, 2018
Eskom drags Nersa to court as strike looms
Eskom, which is fighting for survival, has dragged its regulator to court over its tariff decision a...
Friday - 8th June, 2018
M&R bets on tribunal to foil Aton’s takeover
In a move reminiscent of Harmony Gold’s controversial bid for control of Goldfields in 2004, Murra...
Thursday - 7th June, 2018
Unions livid as Eskom sticks to its 0% offer
Cash-strapped power utility Eskom is heading for a showdown with unions in the second round of wage ...
Wednesday - 6th June, 2018
the worst setback in nine years
Economists are revising down their forecasts for growth in 2018 after the economy contracted at a mu...
Tuesday - 5th June, 2018
1.3-million voters could be struck off roll
The Electoral Commission of SA (IEC) could be forced to remove about 1.3-million people from the vot...
Monday - 4th June, 2018
Joburg running out of time to avert takeover
The City of Johannesburg, SA’s economic powerhouse, is in a race against time to avoid a takeover ...
Friday - 1st June, 2018
Investec calls for Tongaat CEO to go
Tongaat Hulett’s CEO, Peter Staude, should step down after the sugar producer’s “appalling” ...
Thursday - 31st May, 2018
Eskom funding gap reduced to R58bn
Two months into the new financial year, Eskom says it has successfully raised more than R13bn, narro...
Wednesday - 30th May, 2018
PIC cleared Matjila on ‘incomplete evidence’
The board of the Public Investment Corporation (PIC) exonerated CEO Dan Matjila of corruption charge...
Tuesday - 29th May, 2018
Telkom no longer on ‘chopping block’
Telkom shareholders could be the next beneficiaries of President Cyril Ramaphosa’s “new dawn”,...
Monday - 28th May, 2018
S&P warns on public finances, growth rate
SA will have to wait until late 2018 to see whether it can do enough to boost its economic growth ra...
Friday - 25th May, 2018
Setback as Trump cancels Kim summit
US President Donald Trump on Thursday called off what would have been a historic summit with North K...
Thursday - 24th May, 2018
AngloGold job cuts add to mining’s woes
Job losses in SA’s mining sector continue unabated, with AngloGold Ashanti set to cut 2,000 jobs t...
Wednesday - 23rd May, 2018
Public-sector wage bill out of control — Dlodlo
SA’s R587bn public-sector wage bill had shot through the ceiling and the government would have to ...
Tuesday - 22nd May, 2018
ANC out to clear legal hurdles on land issue
A bill that might pave the way for the government to seize land without compensation — which has b...
Monday - 21st May, 2018
Austrian debt puts SA assets at risk
Steinhoff’s web of intercompany loans was brought to light for the first time on Friday, raising q...
Friday - 18th May, 2018
End of an era as Koseff lets go of the reins of Investec
An emotional Stephen Koseff had to take a moment’s pause as he drew to the end of his final result...
Thursday - 17th May, 2018
Sweeping medical aid shake-up a step closer
Health Minister Aaron Motsoaledi is planning a major shakeup of the medical-scheme industry, with ne...
Wednesday - 16th May, 2018
SAA needs R21bn for turnaround, says CEO
SAA needed to raise R21.7bn over the next three years to turn the company around and make it profita...
Tuesday - 15th May, 2018
Sibanye takeover is do-or-die for Lonmin
Lonmin’s management stands to lose control of the company to administrators if a proposed R5bn tak...
Monday - 14th May, 2018
Coronation to take Steinhoff to court
Coronation Fund Managers, one of the largest shareholders in Steinhoff when it announced “accounti...
Friday - 11th May, 2018
Ramaphosa’s plans face growth spoiler
A cloud hangs over President Cyril Ramaphosa’s ambitious plans to revive the economy. Two...
Thursday - 10th May, 2018
SARS can now spill beans on taxpayers
South African Revenue Service (SARS) officials can after all disclose information on taxpayers such ...
Wednesday - 9th May, 2018
De Lille removal ‘threatens DA’s brand in Cape Town’
The implosion of the marriage of convenience between Patricia de Lille’s Independent Democrats (ID...
Tuesday - 8th May, 2018
SARS ‘tweak’ targets slide in tax collection
The South African Revenue Service (SARS) is trying to repair its relationship with SA’s largest bu...
Monday - 7th May, 2018
Bleeding KPMG SA rethinks its future
Embattled KPMG SA is reviewing its business model and will be assessing how large it needs to be and...
Friday - 4th May, 2018
Barclays decision threatens KPMG SA
KPMG is on the ropes. The auditing firm lost its biggest private sector client yet on Thursday — a...
Thursday - 3rd May, 2018
Pan African to shut costly Evander mine
Pan African Resources succumbed to a sustained low rand gold price, shutting its underground mine at...
Wednesday - 2nd May, 2018
Trump duties could cost SA 7,500 jobs
The US’s decision to reject SA’s application for exemption from President Donald Trump’s impor...
Monday - 30th April, 2018
Pushback expected over smoking laws
The Department of Health’s new bill on tobacco products proposes a complete ban on smoking in outd...
Thursday - 26th April, 2018
Platinum industry ‘faces a bloodbath’
Mine closures, job losses and the cutting of hundreds of thousands of platinum ounces will be forced...
Wednesday - 25th April, 2018
Affiliated auditors sever Nkonki ties
Nkonki’s woes worsened on Tuesday after affiliated audit companies said they had terminated their ...
Tuesday - 24th April, 2018
Makwetu decision sinks audit firm
Audit firm Nkonki’s largest office has applied for voluntary liquidation, after the auditorgeneral...
Monday - 23rd April, 2018
Steinhoff board intact after AGM pummelling
Steinhoff’s board survived a bruising annual meeting in Amsterdam on Friday though a protest vote ...
Friday - 20th April, 2018
Gupta-linked finance chief quits Transnet
In what is seen as the start of efforts to reverse state-capture at Transnet, the company’s group ...
Thursday - 19th April, 2018
VEB to hold banks liable for losses
The Dutch Investors’ Association (VEB), which launched legal proceedings against Steinhoff Interna...
Wednesday - 18th April, 2018
IMF delivers SA a vote of confidence
The IMF has given SA a vote of confidence, revising its growth projections, but also warned that pro...
Tuesday - 17th April, 2018
Guptas’ Saxonwold mansion raided
The Asset Forfeiture Unit (AFU) has moved to seize cars, aircraft and properties worth at least R250...
Monday - 16th April, 2018
Watchdog considers break-up of auditors
The South African audit profession’s watchdog is considering forcing firms to split their audit an...
Friday - 13th April, 2018
SA not ready for wealth tax
SA will not have a wealth tax for the foreseeable future if the government listens to the Davis tax ...
Thursday - 12th April, 2018
Dutch base gets Wiese off the hook
The benefits of registering Steinhoff in Holland became apparent once more as it emerged on Wednesda...
Wednesday - 11th April, 2018
Aton takeover offer values M&R at R6.7bn
Aton has confirmed a cash bid for all of Murray & Roberts, but the JSE-listed engineering gr...
Tuesday - 10th April, 2018
Banker, farm workers lose R1bn on Steinhoff
One of SA’s most respected bankers, GT Ferreira, who cofounded FirstRand with Paul Harris and Laur...
Monday - 9th April, 2018
DA’s Trollip trumps Msimanga in vote
Athol Trollip has retained his position as federal chairman of the DA, two days before he is to face...
Friday - 6th April, 2018
Zuma to get his day in court at last
Almost 11 years after he was first served an indictment in the graft case against him, former presid...
Thursday - 5th April, 2018
‘Once empowered, always empowered’
In a ruling certain to have consequences in talks about a new Mining Charter, the high court ruled o...
Wednesday - 4th April, 2018
Finance minister to name code red SOEs
SA’s state-owned enterprises (SOEs) have been classified “red”, “amber” or “green” in ...
Tuesday - 3rd April, 2018
Struggle icon Winnie dies after long illness
The “mother of the nation”, Winnie Madikizela-Mandela, died on Monday afternoon, closing a chapt...
Thursday - 29th March, 2018
Bank cuts interest rate as risks ‘subside’
The Reserve Bank cut interest rates for the second time in five years, saying the inflation outlook ...
Wednesday - 28th March, 2018
SA growth too slow
Ratings agency S&P Global injected a note of realism into the ratings optimism on Tuesday, r...
Tuesday - 27th March, 2018
German group Aton sets sights on M&R
German investment group Aton on Monday announced a R4.7bn cash offer for Murray & Roberts (M...
Monday - 26th March, 2018
SA ‘must not waste’ Moody’s reprieve
The Treasury will ask government departments to look at what each of them can do to lift SA’s cred...
Friday - 23rd March, 2018
Naspers cut in Tencent stake will raise R125bn
Naspers will, for the first time, sell down its stake in Tencent, the crown jewel of its portfolio, ...
Thursday - 22nd March, 2018
Minister, CEO named in strategic fuel ‘heist’
Former energy minister Tina Joemat-Pettersson and the then CEO of the Strategic Fuel Fund (SFF) Sibu...
Tuesday - 20th March, 2018
Listeriosis could cost Tiger Brands R800m
Tiger Brands is recalling yet another batch of products, a move that could cost it up to R800m, twic...
Monday - 19th March, 2018
Mantashe not keen to scrap Mining Charter
The mining industry’s hopes for a new charter to transform and grow the mining sector were dashed ...
Friday - 16th March, 2018
Old Mutual set for split
It was the end of an era as London-listed Old Mutual reported annual results that are to be its last...
Thursday - 15th March, 2018
Writing on the wall for SARS’s Moyane
South African Revenue Service (SARS) commissioner Tom Moyane could find himself out of a job in a ma...
Wednesday - 14th March, 2018
Orphans’ fund has R385m stuck in VBS
A fund, the beneficiaries of which are children of deceased mine workers, has about R385m on deposit...
Tuesday - 13th March, 2018
Vele chairman quits over VBS debacle
Tshifhiwa Matodzi, the chairman of Vele Investments, has quit as questions swirl around VBS Mutual B...
Monday - 12th March, 2018
Bank places VBS under curatorship
The South African Reserve Bank has put tiny VBS Mutual Bank under curatorship. The bank ran into sev...
Friday - 9th March, 2018
Sanlam cuts bonuses on Steinhoff contagion
Sanlam CEO Ian Kirk is taking a 20% cut on his 2017 bonus, a reduction of R2.5m, as part of a compan...
Thursday - 8th March, 2018
MMI cans dividend to buy back shares
Newly appointed MMI CEO Hillie Meyer’s first order of business will be a R2bn share buyback, in li...
Wednesday - 7th March, 2018
SA economic growth exceeds expectations
Economic growth accelerated for the first time in four years in 2017, with continued strong recovery...
Tuesday - 6th March, 2018
Food firms ‘delayed listeriosis probe’
The health department has blamed processed-meat companies for delaying its progress in identifying t...
Monday - 5th March, 2018
Tiger Brands hit by listeriosis outbreak
Tiger Brands, SA’s biggest consumer foods company, was reeling on Sunday with the source of a list...
Friday - 2nd March, 2018
‘Unshackled’ Absa to reclaim its name
Absa has resolved to once again become … Absa. SA’s third-largest bank by market capita...
Thursday - 1st March, 2018
Mashaba under fire
Businesses, residents and other property owners, hit by huge valuation increases by the City of Joha...
Tuesday - 27th February, 2018
Nene, Gordhan in stunning comeback
President Cyril Ramaphosa has appointed a compromise Cabinet to lead his government into the 2019 na...
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