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Richard Thompson

Less profitable SAA ‘got what we deserved’

South African Airways' (SAA) profits fell by 90% from R648-million last year to R65-million in the past financial year, the company said on Thursday. SAA chief executive Khaya Ngqula said: ''We got what we deserved ... We have no one to blame.'' He announced that SAA plans to launch its own low-cost carrier by the end of the year.

SA inflation targets ‘too tight’

South Africa can afford a higher inflation target than the 3% to 6% range currently set, and 5% to 7% would be ideal, Standard Bank group economist Dr Iraj Abedian said on Tuesday. ''If the target range cannot be adjusted upwards, at the least it should not be lowered,'' he said.

Court says striptease ban is unconstitutional

A section of the Liquor Act prohibiting striptease dancing on licensed premises was struck down by the Constitutional Court on Tuesday.

Zimbabwe distances itself from Moyo’s comments

The South African government has ''noted and accepted'' the Zimbabwean government's explanation of remarks by its information minister -- who described South Africans as ''filthy, recklessly uncouth and barbaric''.

SLA leader arrested in Cape Town

The leader and last remaining member of the Symbionese Liberation Army -- a radical group that committed politically motivated crimes in the United States in the 1970s -- was arrested in Cape Town on Friday evening.

Tito Mboweni’s passion for fly-fishing

Reserve Bank governor Tito Mboweni said on Tuesday he was an avid fly-fisherman, and he wanted to encourage black South Africans to take up the sport.

Mboweni slams inaccurate media reporting

Reserve Bank governor Tito Mboweni criticised the media on Thursday for inaccurately reporting his remarks, while also calling on black financial professionals to put something back into their communities.

SA must ‘get black empowerment right’

There would be a demand for a transfer of assets from white to black ownership until the South African economy ''looked less white'', the World Platinum Congress heard on Wednesday.

Shell slammed over ‘crumbling’ refinery

The Shell oil company, far from being reborn as an environmentally conscious energy firm, continues to pollute the environment, Durban environmental activists said on Tuesday.

The hole, and how to dig your way out of it

People who owe money and apply to court for administration orders often end up in a position where they are unable ever to pay back their debts, the Banking Council said on Wednesday.

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