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MAIL & GUARDIAN: Business

New consortium scores big in South Africa’s floating power station deal

Powergroup South Africa wins 20-year energy contract a mere 10 months after it was formed

Fickle funding for women-led startups hurts femtech

It is difficult for startups to get off the ground, especially when they are women-focused

No more bailouts for SAA

After 18 months under administration, the loss-making airline has been cleared for takeoff

Desperate workers say the CCMA is failing them

Covid-19 and budget cuts have combined to create a nightmare for those seeking help with cases of unfair dismissal or suspension, which have risen because of the pandemic’s economic effects.

Savings rise amid Covid fallout

Low interest rates usually encourage spending, but uncertainty created by the pandemic has driven people to save their cash in hard times

‘Gear up for electric cars’

South Africa is behind others on e-mobility policy. But it’s not too late

Empowerment financing slumps, but is still above target — banking sector report

The Banking Association South Africa’s report on transformation in the financial sector also found that black women voting rights reached its highest level since 2016

Mango suspends new ticket sales ‘just to be safe’

Mango’s spokesperson would not disclose the low-cost airline’s debt — which led to a brief suspension of flights — but described it as ‘huge’

Absa fills chairs after chief executive’s exit

Deon Raju has been appointed as the bank’s chief risk officer and Parin Gokaldas take over as Absa’s treasurer

Blockchain tech can raise tax revenues

But the South African Revenue Service doesn’t yet have the skills and multiple users to adopt it

Investment bonds: ‘The outcome is not measured by money but by impact’

Social impact bonds focused on decreasing youth unemployment and improving early childhood learning have delivered positive outcomes the government can replicate to establish effective service delivery.

Oil, gas an ‘illusionary’ quick fix

The state should focus on the stewardship of the ocean and sustainable use of its resources for economic growth and long-term jobs rather than on the fossil fuel industry

‘Who is scamming who?’: Sexwale says White Spiritual Boy Trust is real

The businessman alleges that money from a heritage fund meant for the poor has been stolen. But treasury and the Reserve Bank have called the fund a scam

‘Suspicious’ tech company EOH must pay back millions

EOH allegedly inflated prices of Microsoft licences, which could have been bought by the defence department for a third of the cost

Absa chief executive resigns due to differences with board on future strategy

Activist group warns of a ‘culling trend’ affecting black professionals in top positions

Public ire over Karpowership contract can’t be dismissed — MPs

Environmental groups say the controversial deal means South Africa will be tied to fossil fuels for the next 20 years

Listen to women and youth to enable recovery from the pandemic

Women in the personal services sector and young people have been hard hit by the pandemic in terms of employment, but they struggled even before Covid-19

Food delivery drivers seek better employee rights

A group of South African Uber drivers plan to go to court to seek employee rights including compensation for overtime and holiday pay, hoping for a similar victory to that of British drivers in March

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