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Financial conduct body slaps Jooste with R162-million fine

Business Thando Maeko - 30 Oct 2020

The former Steinhoff chief executive and three others have been fined by the FSCA for insider trading in the days leading up to the company’s 2017 share price crash

State’s wage freeze sparks apoplexy

Business Thando Maeko & Tshegofatso Mathe - 29 Oct 2020

Public sector unions have cried foul over the government’s plan to freeze wages for three years and have vowed to fight back.

Mboweni plans to freeze public sector wage increases for the next three years

Business Tshegofatso Mathe - 28 Oct 2020

The mid-term budget policy statement delivered by the finance minister proposes cutting all non-interest spending by R300-billion.

SAA to receive R10.5-billion government bailout after all

Business Thando Maeko - 28 Oct 2020

Several struggling state-owned entities received extra funds after the medium term budget policy speech

READ IT: Mboweni’s 2020 medium term budget policy speech

Business Eyaaz Matwadia - 28 Oct 2020

Read the finance minister's speech

Tax, wage bill, debt, pandemic: Mboweni’s tightrope budget policy statement

Business Thando Maeko - 27 Oct 2020

The finance minister has to close the jaws of the hippo and he’s likely to do this by tightening the country’s belt, again.

Entrepreneurs strike Covid gold

Business Tshegofatso Mathe - 25 Oct 2020

Some enterprising people found ways for their ventures to survive the strictest lockdown levels

SAA in talks to recoup R350-million in blocked funds from Zimbabwe

Business Thando Maeko - 21 Oct 2020

The cash-strapped national carrier is in the process of recouping its blocked funds from Zimbabwe, which could go towards financing the airline’s business rescue plan

Fix economy: Cut, build, tax

Business Thando Maeko - 16 Oct 2020

Expert panel presents a range of solutions to the economic crisis that include cost cutting, infrastructure spending and a solidarity levy

SAA bailout raises more questions

Business Sabelo Skiti - 15 Oct 2020

As the government continues to grapple with the troubles facing the airline, it would do well to keep on eye on the impending Denel implosion

Too broke for Mboweni to budget

Business Sabelo Skiti & Thando Maeko - 15 Oct 2020

The scramble to find cash for an SAA bailout, Covid-19 grants and civil servants’ demands force postponement of mini-budget

Watch it again: Ramaphosa details economic recovery plan

Business Kiri Rupiah - 15 Oct 2020

According to the Presidency, the plan aims to expedite, in a sustainable manner, the recovery of South Africa’s economy

Is solar power the answer to Southern Africa’s energy crisis?

Business Kudzaishe Chivandire - 14 Oct 2020

Africa’s favourable weather conditions means solar energy uptake could be accelerated with a few nudges in the right direction

Khaya Sithole: What’s the state’s role in business?

Business Khaya Sithole - 14 Oct 2020

State participation is valid when the market can’t deliver what’s needed, such as roads and rail networks and telecommunications. But banks and airlines are private enterprise concerns

No need to worry about the mid-term budget being postponed, say economists

Business Tshegofatso Mathe - 14 Oct 2020

Minister of Finance Tito Mboweni has asked for a week’s delay in presenting the medium term budget policy statement.

Covid-19 puts Eskom’s integrated resource plan at risk

Business Thando Maeko - 12 Oct 2020

The economic effects of the pandemic could hamper the government’s initiative to procure new generation capacity

Beware the pension fund loan proposal

Business Thando Maeko - 11 Oct 2020

Industry professionals warn that, although well intentioned, the Bill to enable fund holders to get some of their savings before retiring can do harm

What is the business of business in a Covid-19 world?

Business Antoinette Handley - 11 Oct 2020

The pandemic has shown that most firms fail to respond to threats to society — even if it is for their own survival. Those that do react are often sole-proprietor and family-owned companies

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