Author

 
Renee Bonorchis

Renee Bonorchis

    Telkom directors' pay rises as employees face job cuts
    Telkom directors' pay rises as employees face job cuts
    Total compensation for chief executive Sipho Maseko rose 5.1% to R12.3-million, former chief financial officer Jacques Schindehutte received...
    Forex probe may stem from whistle blower or 'confession'
    Forex probe may stem from whistle blower or 'confession'
    An investigation by South Africa’s anti- trust regulator into alleged foreign currency manipulation involving the rand may stem from a whistle...
    Ellerine jobs saved as regulator recommends Shoprite offer
    Ellerine jobs saved as regulator recommends Shoprite offer
    More than 300 jobs have been saved at failed South African furniture retailer Ellerine Holdings after the Competition...
    African Bank receives offer for suspended preference shares
    African Bank receives offer for suspended preference shares
    African Bank Investments (Abil), the South African lender that collapsed in August, said it received an unsolicited offer from Deep Value Investments for its preference shares....
    JD Group shares jump on imminent lending unit sale
    JD Group shares jump on imminent lending unit sale
    JD Group, the South African furniture retailer controlled by Steinhoff International Holdings, gained in Johannesburg as investors took encouragement...
    African Bank splits to isolate loans in Reserve Bank rescue
    African Bank splits to isolate loans in Reserve Bank rescue
    African Bank Investments Ltd. got emergency support from South Africa's central bank in a plan calling for the company to raise R10-billion in...
    African Bank chief exec quits
    African Bank chief exec quits
    African Bank Investments Ltd, South Africa's largest provider of unsecured loans, said founder and chief executive Leon Kirkinis resigned as it...
    Subprime caution fails to put the brakes on cheaper credit in the minibus industry
    Subprime caution fails to put the brakes on cheaper credit in the minibus industry
    As South Africa's asset-backed debt market struggles to reach levels seen before the global subprime crisis, Transaction Capital is paying cheaper...
    Alexander Forbes to decide on public listing or trade sale
    Alexander Forbes to decide on public listing or trade sale
    Alexander Forbes, Africa's largest independent retirement-fund administrator, said shareholders are meeting this week to decide on whether to pursue...
    Freak out: why African Bank's record loss has left the market unphased
    Freak out: why African Bank's record loss has left the market unphased
    African Bank Investments, which reported a record first-half loss, is finding buyers for its debt among investors betting the South African...
    African Bank underestimates soured loans, slides to loss
    African Bank underestimates soured loans, slides to loss
    African Bank Investments (Abil), South Africa's largest provider of credit not backed by assets, slid to a fiscal first-half loss after bad debts...
    France's largest bank BNP Paribas to buy South African credit provider
    France's largest bank BNP Paribas to buy South African credit provider
    France's largest bank, BNP Paribas, has started talks to buy RCS Investment Holdings, a South African provider of consumer credit, from...