Business

Nedbank features negatively in state capture report; Standard Bank defends itself

So far, one of South Africa’s ‘big four’ banks faces a serious allegation levelled in the Zondo report — and more revelations may follow

Brace for above inflation electricity hike and municipalities’ power grab

The price of electricity could go up by 20.5% in April and an upcoming court bid could see users paying surcharges to municipalities

Gauteng’s property market lags other metros

Broker survey shows bleak prospects for Gauteng in 2022 as coastal areas lead in commercial, retail and industrial property

Tongaat claims R450-million from former executives

The group also wants to recoup $9-million in fake sugar sales in Zimbabwe

Precision is key for the economy in 2022

The year ahead must focus on a fiscal reform interventions, capacity-building and more intentional projects towards poverty eradication

China and Omicron are the wild cards for the global economy and financial markets

Lockdown restrictions will continue to disrupt global value chains and support rising inflation that will require aggressive rate hikes

South African Institute of Chartered Accountants investigates ‘clueless or dishonest’ Kwinana

Yakhe Kwinana, the former chairperson of SAA Technical, has been asked to make representations to Saica, but has not responded

2022: A return to normality or more economic uncertainty?

Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track

Business isn’t bad – if you’re big

Large corporates have thrived during the pandemic to the detriment of the workforce

An Eskom-free future is on the cards

Corporates are already wheeling electricity and planning alternative power plants, and many households are using a mixture of energy sources

Eastern Cape’s First Automobile Works factory goes back on its word

Workers on strike for a ninth week at a vehicle manufacturer in Gqeberha have accused the company of flip-flopping during negotiations for better wages and medical aid contributions.

Shell shareholders support move to the UK

Shell will be the second big firm to depart for London after Unilever last year

Eskom moving away from monopoly it has held for 99 years, De Ruyter says

Eskom’s unbundling is underway, with the transmission unit of the utility set to be operational in 2022 as a wholly owned subsidiary

Covid-19’s work-from-home plans hit Gautrain

Bombela says a rebound hinges on vaccine and return-to-work developments and that money from government to cover the shortfall is capped

South Africa’s growing social unrest proving as big a threat to growth

Third quarter GDP numbers have interrupted a four quarter economic growth streak because of the July unrest.

July protests take their toll as economy shrinks by 1.5%

The largest drops in the third quarter were in the agriculture sector, trade and manufacturing.

MTN staff members who refuse vaccination will be fired

MTN has joined the list of companies that have made vaccines mandatory

Decline in demand for office space continues

Many companies are revising their requirements as the pandemic continues to upset business plans
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