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Mail & Guardian

Business

David Masondo, Deputy Finance Minister

Masondo claims PIC board never received key legal opinion

SOE giants set to create black industrialists

National power utility Eskom is expanding procurement opportunities for South African businesses, anticipating increased electricity…

Pennyville residents protest over Absa eviction

Absa's campaign to help people feel more confident with their money

Absa is set to launch a new comedy-drama micro-series, 'For Better Or For Whatever', on its social media platforms. The series aims to use relatable stories about love, family,…

Former president Kgalema Motlanthe

SA economy: Motlanthe on what needs to be done

Former South African president Kgalema Motlanthe addressed the Black Business Council (BBC) annual summit, conceding that despite political transformation, ownership and control…

AWCA looks to keep more women in the profession and move them into leadership

The African Women Chartered Accountants (AWCA) marks 24 years of advancing Black women in the profession, focusing on retaining talent, supporting career growth, and empowering…

Mohai takes helm of new PIC board as governance challenges remain

The Public Investment Corporation (PIC) has welcomed the appointment of its new board, led by chairperson Seiso Mohai, as a crucial step towards restoring stability after a…

Under fire: Public Investment Corporation chief executive Patrick Dlamini. Photo: Supplied

‘PIC whistleblower takes board overhaul battle to Parliament ahead of Dlamini court challenge’

As suspended Public Investment Corporation (PIC) chief executive Patrick Dlamini challenged his precautionary suspension in the Gauteng High Court, a whistleblower asked…

AI set to unlock trillions for SA

Huawei South Africa's Kui Zheng predicts AI could contribute up to R1.4 trillion to the country's economy and create 400,000 jobs by 2030. Discussions at South Africa Connect…

Masondo resigns as PIC chair as Godongwana prepares sweeping board overhaul

Public Investment Corporation (PIC) chairperson David Masondo has resigned as Finance Minister Enoch Godongwana prepares a sweeping overhaul of the board of Africa's largest…

Deputy Finance Minister David Masondo. (X)

Masondo resigns as PIC chair, warns investigations must not be ‘swept under the carpet’

Public Investment Corporation (PIC) chairperson David Masondo has resigned, becoming the latest senior casualty of the governance crisis engulfing South Africa's largest asset…

South African Reserve Bank. Photo: Supplied

SARB keeps interest rates unchanged as economists weigh inflation and growth risks

The South African Reserve Bank's decision to keep interest rates unchanged has been welcomed by the property sector, providing relief for homeowners and prospective buyers and…

Finance Minister Enoch Godongwana.

PIC crisis escalates as whistleblower accuses Godongwana of board interference

A whistleblower has escalated the governance crisis at the Public Investment Corporation (PIC) to Parliament, alleging that Finance Minister Enoch Godongwana attempted to…

Young South Africans are rewriting the rules of money

Buying a home before getting married. Choosing a reliable second-hand car instead of a luxury vehicle. Using credit to build a financial record instead of funding an expensive…

PIC suspends CEO Patrick Dlamini pending whistleblower investigation

Public Investment Corporation (PIC) chief executive Patrick Dlamini has been placed on precautionary suspension after the board resolved to invoke its whistleblower policy while…

BREAKING: PIC CEO Patrick Dlamini placed on precautionary suspension

Public Investment Corporation (PIC) chief executive Patrick Dlamini has been placed on precautionary suspension by the corporation’s board. This decision follows weeks of…

Tanzanian billionaire and philanthropist Mohammed Dewji, addressing the Standard Bank Africa Unlocked 2026 conference in Cape Town.

From a small family shop to a multimillion-dollar conglomerate

Tanzanian billionaire and philanthropist Mohammed "Mo" Dewji, CEO of MeTL Group, shared his inspiring journey from a small family retail business to a multibillion-dollar…

Businessman takes on African Bank

Businessman Sikhumbuzo Brian Mkhabela is set to lodge a fresh court application challenging African Bank's governance processes. This follows the Durban High Court dismissing his…

Lunga Fuzile is the Standard Bank CEO for Africa and Offshore

Against all global odds, Africa is set for growth

Despite global challenges like US tariffs and Middle East conflicts, Africa is projected for robust economic growth, with intra-African trade expected to increase significantly.…

Dispute: Kagiso Matjila claims that Patrick Dlamini acted outside the scope of his authority when he appointed PricewaterhouseCoopers (PwC) to investigate the Lanseria matter.

Matjila launches R900m damages claim against PIC chief over Lanseria probe

Businessman Kagiso Matjila has launched a R900 million damages claim against Public Investment Corporation (PIC) chief executive Patrick Dlamini, accusing him of unlawfully…

Absa launches grant-funded Youth Entrepreneurship Fund to back South Africa’s next generation of job creators

Absa has launched the Absa Youth Entrepreneurship Fund (Ayef) to support young South African entrepreneurs. This initiative, announced during the 50th anniversary of the 1976…