South Africa - Business Day
Wednesday - 16th August, 2017
SAA’s procurement policy illegal — lawyers
SAA procurement policy, which sets aside 30% to small businesses, is illegal and will expose the air...
Tuesday - 15th August, 2017
ANC split over call to hunt rebel MPs
Key ANC provinces remained split on Monday on whether to punish errant MPs who voted in favour of Pr...
Monday - 14th August, 2017
Old Mutual to list two new divisions in 2018
Old Mutual is building up cash at its London head office as it prepares to strengthen the balance sh...
Friday - 11th August, 2017
White knight rides to Sovereign’s rescue
The board of Sovereign Foods stunned market watchers on Thursday with the announcement that it had f...
Thursday - 10th August, 2017
Number of ANC rebels larger than first tallied
The number of ANC rebels in the party’s parliamentary caucus is much larger than initially tallied...
Tuesday - 8th August, 2017
Parties lobby ANC MPs to oust Zuma
Tension and uncertainty gripped the ANC caucus on Monday as opposition parties mounted an intense lo...
Monday - 7th August, 2017
SA’s future in hands of Mbete and 50 ANC MPs
Opposition parties have put the ANC “on trial”, pitting the governing party with its defence of ...
Friday - 4th August, 2017
Mining closures set to put 20,000 jobs at risk
Three companies have outlined plans in recent weeks to lay off more than 20,000 employees and shut m...
Thursday - 3rd August, 2017
Broke SAA may not be able to pay its workers
South African Airways (SAA) has run out of cash and is effectively bankrupt. It is feared it may not...
Wednesday - 2nd August, 2017
Parliament moves to curb illicit cash flows
The persistent lack of action by the investigating and prosecuting authorities against those illegal...
Tuesday - 1st August, 2017
Kubayi suspends Central Energy Fund directors
Energy Minister Mmamoloko Kubayi has suspended the entire Central Energy Fund (CEF) board and has as...
Monday - 31st July, 2017
Northam enters US PGM recycling sector
Northam Platinum secured another cheap deal, snapping up the assets of a liquidated platinum group m...
Friday - 28th July, 2017
Banks force Eskom’s hand to suspend Singh
Eskom chief financial officer Anoj Singh was suspended on Thursday by the board of directors after l...
Thursday - 27th July, 2017
Bank of Baroda to ditch Gupta family
The Bank of Baroda has indicated that it would close the accounts of the controversial Gupta family ...
Wednesday - 26th July, 2017
Chamber steps up legal war on Zwane
Legal challenges to Mineral Resources Minister Mosebenzi Zwane are piling up thick and fast, with th...
Tuesday - 25th July, 2017
Allan Gray delivers Group Five shake-up
The eight new nonexecutive directors who secured appointment to the Group Five board at Monday’s e...
Monday - 24th July, 2017
Eskom finance chief ‘in the loop on Trillian pay’
Eskom chief financial officer Anoj Singh has been linked directly to payments of hundreds of million...
Friday - 21st July, 2017
Gigaba to sell off assets to fund SAA bail-out
The government is identifying state assets it can sell to offset its recent R2.2bn bail-out for Sout...
Thursday - 20th July, 2017
Zwane’s plan could bring SA mining to a standstill
Deals and growth in the mining industry will grind to a halt if Mineral Resources Minister Mosebenzi...
Wednesday - 19th July, 2017
Magwaza axing may end Post Office deal
The former CEO of the South African Social Security Agency (Sassa), Thokozani Magwaza, who was fired...
Tuesday - 18th July, 2017
Lonmin digs itself out of looming debt crunch
Lonmin had staved off a potentially crippling breach of a vital covenant with lenders by sustained i...
Monday - 17th July, 2017
Eskom ‘pulls a fast one’ with Impulse
Three days after Eskom put acting CE Matshela Koko on leave to probe allegations that a company part...
Friday - 14th July, 2017
Gigaba’s action plan echoes past policies
Finance Minister Malusi Gigaba tabled an “inclusive growth action plan” on Thursday in response ...
Thursday - 13th July, 2017
Investors ‘rattled’ by the claims of graft at Eskom
The concern of lenders has emerged as the major reason Eskom had to cancel its results event hastily...
Wednesday - 12th July, 2017
SAP disputes claim of Gupta kickbacks
The Guptas had access to confidential financial contracts between multinational enterprise software ...
Tuesday - 11th July, 2017
Eskom plans to take action against Koko
The Eskom board will announce on Tuesday disciplinary measures against its former acting CE in a bid...
Monday - 10th July, 2017
IDC faces R90m loss as Guptas’ Oakbay delists
The Industrial Development Corporation (IDC), which converted R256m of the loan owed to it by Oakbay...
Friday - 7th July, 2017
TFG, Truworths look offshore for growth
TFG, the retailer that owns Foschini, @Home and Totalsports is in talks to acquire British womenswea...
Thursday - 6th July, 2017
Nationalisation of Bank ‘unlikely to happen soon’
The ANC policy proposal to nationalise the South African Reserve Bank would have no effect on the ru...
Wednesday - 5th July, 2017
ANC succession race pulls in new suitors
The race to succeed President Jacob Zuma as leader of the ANC no longer seems to be a clear two-hors...
Tuesday - 4th July, 2017
Gigaba set to side with Reserve Bank
Finance Minister Malusi Gigaba is preparing to join the Reserve Bank in taking Public Protector Busi...
Monday - 3rd July, 2017
Eskom offered Dongfang secret R800m sweetener
Eskom secretly sought to pay China’s Dongfang an R800m “contingency fee” on top of the R4bn it...
Friday - 30th June, 2017
Eskom gave Trillian R266m, inquiry finds
Politically connected financial advisory firm Trillian was paid R266m by Eskom for work it never did...
Thursday - 29th June, 2017
AngloGold may axe third of workforce
AngloGold Ashanti, the world’s third-largest gold miner, could cut up to 8,500 jobs, or a third of...
Wednesday - 28th June, 2017
Kganyago rebuffs public protector report in court
Public Protector Busisiwe Mkhwebane’s recommendation to amend the Reserve Bank’s constitutional ...
Tuesday - 27th June, 2017
Gupta ally drafted ‘Nene letter’ for loan
Gupta-linked business associates wrote and peddled a letter in the name of former finance minister N...
Monday - 26th June, 2017
Dongfang bagged R600m from ‘rigged’ Eskom deal • Chinese win tender even though offer was R1bn higher
Eskom sneaked an inflated advance payment of R600m to Chinese firm Dongfang for a controversial R4bn...
Friday - 23rd June, 2017
secret ballot up to Mbete
The law did not provide for MPs to swear allegiance to political parties. Rather, members were requi...
Thursday - 22nd June, 2017
DA’s Western Cape councils ‘better run’
As the DA’s hold on local government power grows, so has its record of clean government strengthen...
Wednesday - 21st June, 2017
EFF forces cancellation of Acsa board meeting
Transport Minister Joe Maswanganyi cancelled a board meeting of the Airports Company SA (Acsa) sched...
Tuesday - 20th June, 2017
Rand slides on Mkhwebane’s call for constitutional change
Public Protector Busisiwe Mkhwebane speaks to reporters in Pretoria on Monday at the release of her ...
Monday - 19th June, 2017
Charter renders mining sector ‘uninvestable’
The imposition of a contentious new Mining Charter by Mineral Resources Minister Mosebenzi Zwane on ...
Thursday - 15th June, 2017
Aspen loses Italy appeal over cancer drug prices
Africa’s biggest generic drug maker, Aspen Pharmacare, has lost its appeal against the €5.2m fin...
Wednesday - 14th June, 2017
Watchdog probes Aspen for cancer drug pricing
Africa’s biggest generic drug maker Aspen Pharmacare, already under investigation by European auth...
Tuesday - 13th June, 2017
SABC’s Motsoeneng fired after disciplinary hearing
Controversial SABC executive Hlaudi Motsoeneng has been fired from the public broadcaster following ...
Monday - 12th June, 2017
All-round 2018 junk credit ratings loom
SA faces the prospect of junk credit ratings from all three ratings agencies in 2018 after a bearish...
Friday - 9th June, 2017
EFF in bid to derail Transnet contract
The EFF is heading for court in a bid to interdict a Transnet contract, which it says was inflated b...
Thursday - 8th June, 2017
Zuma’s looting ‘worst crime since apartheid’
Presidential hopeful Mathews Phosa, an ANC veteran, said on Wednesday the entire Cabinet should be h...
Wednesday - 7th June, 2017
Recession may prompt further downgrades
SA has descended into recession for the first time since the 2008-09 financial crisis, with economic...
Tuesday - 6th June, 2017
Tribunal gives Lewis club fees green light
The Consumer Tribunal has dismissed the National Credit Regulator’s (NCR’s) complaint against Le...
Monday - 5th June, 2017
Denel chairman leaked information to Guptas
Denel chairman Daniel Mantsha fed sensitive and classified company information to the Gupta family a...
Friday - 2nd June, 2017
Ngubane’s first speech ‘drafted’ by Gupta allies
Associates and business partners of the Gupta family appear to have drafted the first public stateme...
Thursday - 1st June, 2017
Barclays plc to offload 22% of African holding
Barclays plc will be selling down more of its interest in Barclays Africa than the market expected, ...
Wednesday - 31st May, 2017
Zwane linked to laundering suspect
The Gupta family and Mineral Resources Minister Mosebenzi Zwane have been linked to a notorious Indi...
Tuesday - 30th May, 2017
ANC asks for broader state-capture inquiry
The ANC said on Monday it wanted a broader judicial commission of inquiry into state capture to be s...
Monday - 29th May, 2017
Gupta-linked firm’s bid to buy Habib Bank ‘off the table’
The application by a Guptalinked company to enter the banking sector by buying Habib Overseas Bank i...
Friday - 26th May, 2017
Mafia-style network controls SA — report
Days before a crucial meeting of the ANC’s national executive committee, where President Jacob Zum...
Thursday - 25th May, 2017
PSA, Fedusa alliance to change labour landscape
The 230,000-member Public Service Association has rejoined the Federation of Unions of SA (Fedusa) i...
Wednesday - 24th May, 2017
Eskom faces range of Molefe investigations
• • Parliament launches own probe EFF and DA pursue court action Eskom is facing multip...
Tuesday - 23rd May, 2017
Cosatu bans Zuma from speaking at its meetings
President Jacob Zuma has been barred from addressing Cosatu’s central committee meetings and all o...
Monday - 22nd May, 2017
Motsoaledi, Cosatu head for NHI clash
Health Minister Aaron Motsoaledi and his department are on a collision course with Cosatu over the N...
Friday - 19th May, 2017
GM pulls out of SA, sells plant to Isuzu
General Motors announced on Thursday it was disinvesting from SA. The US company, whose veh...
Thursday - 18th May, 2017
Denel’s Asian partner insolvent, says Fuzile
State arms manufacturer Denel entered into its Asian joint venture with a technically insolvent comp...
Wednesday - 17th May, 2017
Empowerment deal in Barclays Africa’s sights
With financial services transformation in the spotlight at parliamentary hearings, Barclays Africa i...
Tuesday - 16th May, 2017
Vodacom to buy parent’s R35bn stake in Safaricom
In what is the largest transaction Vodacom has done to date, the mobile telecoms group will buy most...
Monday - 15th May, 2017
Parties, civil society fight Molefe’s return to Eskom
When Brian Molefe reports to work on Monday morning, he is likely to be met by hostile protesters fr...
Friday - 12th May, 2017
Mining may help stem SA’s slide into recession
SA could be well on its way to avoiding a recession, courtesy of a resurgent mining sector. ...
Thursday - 11th May, 2017
Eskom cut corners on Tegeta deal, says report
In its haste to award the Guptaowned Tegeta Exploration and Resources lucrative coal supply contract...
Wednesday - 10th May, 2017
Rand, bonds soften on Moody’s fears
Reports that Moody’s could downgrade SA’s credit rating sooner than expected weakened the rand a...
Tuesday - 9th May, 2017
AngloGold weighs up its local options
AngloGold Ashanti is reviewing its underperforming South African mines after a poor start to the yea...
Monday - 8th May, 2017
Sassa workstreams bill already on R40m
The controversial South African Social Security Agency (Sassa) workstreams, installed by Social Deve...
Friday - 5th May, 2017
Sacci’s viability ‘in doubt’ as more affiliates resign
The South African Chamber of Commerce and Industry (Sacci) has been hit by a further spate of resign...
Thursday - 4th May, 2017
PetroSA board asks for business rescue
The board of troubled stateowned oil company PetroSA has asked its holding company, the Central Ener...
Wednesday - 3rd May, 2017
Parliament ‘misled’ on SA’s oil stockpile
The government has admitted for the first time that the secret disposal of 10.3-million barrels of S...
Tuesday - 2nd May, 2017
FSB probes trades just before Gordhan recall
The Financial Services Board (FSB) is investigating certain foreign-exchange futures contracts amid ...
Friday - 28th April, 2017
Large-scale job cuts loom at Implats mine
Impala Platinum (Implats) said a year of disruptions and missed production targets meant it could be...
Tuesday - 25th April, 2017
Diamonds add strength to Anglo’s production
Anglo American increased output at two of its three core divisions as the diversified miner ramped u...
Monday - 24th April, 2017
Energy fund chairman tells PetroSA board to go
Central Energy Fund (CEF) chairman Luvo Makasi has told the board of troubled stateowned oil company...
Friday - 21st April, 2017
Tegeta advance ‘must be converted to loan’
The Treasury wants the R659m Eskom paid to Gupta company Tegeta to be converted into a loan with int...
Wednesday - 19th April, 2017
Call for probe into cellphone market
The Competition Commission has called for a wider investigation into the state of competition in the...
Tuesday - 18th April, 2017
Gigaba sets off on road show in bid to save SA
Finance Minister Malusi Gigaba sets off on an international road show this week in a bid to restore ...
Thursday - 13th April, 2017
I will go on ANC’s orders only
President Jacob Zuma playeddown the protest march by thousands of people on Wednesday, calling on hi...
Wednesday - 12th April, 2017
Top court will rule over secret ballot on Zuma
The Constitutional Court said on Tuesday it would consider whether a motion of no confidence against...
Monday - 10th April, 2017
we failed to grasp full cost of downgrades
While the ANC acknowledges that it does not yet know the full economic effect of SA’s credit ratin...
Friday - 7th April, 2017
Banks play down cost of downgrade
Most of the banking sector does not expect S&P Global Ratings’s decision on Thursday to do...
Thursday - 6th April, 2017
President’s apology ‘tames’ detractors
President Jacob Zuma apologised on Tuesday to the ANC’s national working committee (NWC) over part...
Tuesday - 4th April, 2017
S&P blames Zuma as it wields the axe
Last week’s shock cabinet reshuffle has tipped SA over the edge of the investment-grade cliff, wit...
Friday - 31st March, 2017
The country is set to wake up to a new finance minister after President Jacob Zuma effected a far-re...
Thursday - 30th March, 2017
Zuma under mounting pressure from all sides
President Jacob Zuma is under pressure from all sides – business, the tripartite allies, his own t...
Wednesday - 29th March, 2017
Gordhan and Jonas ‘on their way out’
Finance Minister Pravin Gordhan and his deputy Mcebisi Jonas are on their way out of President Jacob...
Monday - 27th March, 2017
safeguard SA’s key institutions
With just a few days to go to the end of the 2016-17 tax year on Friday, Finance Minister Pravin Gor...
Friday - 24th March, 2017
Mogoeng burglary suspect ‘protected’
Suspicions that the break-in at the offices of Chief Justice Mogoeng Mogoeng was no ordinary burglar...
Thursday - 23rd March, 2017
Surprise deficit dip stirs rate-cut hopes
SA’s current account deficit has fallen unexpectedly steeply, supporting a stronger rand and addin...
Monday - 20th March, 2017
Fears over Zuma’s role on Sassa panel
President Jacob Zuma’s appointment of himself to head the Cabinet’s interministerial committee o...
Friday - 17th March, 2017
Move on Anglo may lead to Vedanta deal
The surprise announcement of a £2bn investment to take a 12% stake in Anglo American by Ind...
Wednesday - 15th March, 2017
Sign now or face default on grants, CPS warns
The South African Social Security Agency (Sassa) had until Wednesday afternoon to sign a new contrac...
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