Business

Six SOEs paid R3bn to consultants
Six SOEs paid R3bn to consultants
South Africa’s state-owned entities (SOEs) and institutions have had a bad run with consulting firms. So bad that, this year, three of these...
SA cities need to unclog their bureaucracy drains to let business flow
SA cities need to unclog their bureaucracy drains to let business flow
While South Africans continue to battle with rising unemployment, poverty and inequality, a World Bank report on doing business in South Africa...
MultiChoice now flying solo
MultiChoice now flying solo
For the longest time MultiChoice has been the “cash cow” for tech and media giant Naspers. But now Naspers has decided to list its MultiChoice...
State has a mountain to climb
State has a mountain to climb
Whatever form the government’s stimulus package takes, the business community wants the state to avoid taking on additional debt “at all costs,...
‘Baker’ Brian Molefe’s Eskom runs short of coal
‘Baker’ Brian Molefe’s Eskom runs short of coal
More than half of Eskom’s power stations are facing coal supply shortages, leaving the utility with little room for error as it struggles to...
SA Reserve Bank keeps repo rate unchanged at 6.5%
SA Reserve Bank keeps repo rate unchanged at 6.5%
The South African Reserve Bank announced on Thursday afternoon that it will keep the repo rate unchanged at 6.5%.
Solidarity, Sasol wait on Mining Charter for clarity
Solidarity, Sasol wait on Mining Charter for clarity
Trade union Solidarity is set to continue its strike at petrochemical company Sasol after it was unable to reach a resolution at the Commission for...
Gupta associate in court battle over Tegeta shares
Gupta associate in court battle over Tegeta shares
Swiss-based company Charles King SA – which entered into an agreement to purchase Tegeta Resources and Energy for R2.97-billion – has approached the Johannesburg high court with an urgent application to stop the sale of Tegeta's shares or assets....
Naspers unbundles to ‘unlock value’
Naspers unbundles to ‘unlock value’
One of the continent’s fastest growing pay-TV operators is expected to be listed separately on the JSE by the first half of 2019.
Naspers announces MultiChoice unbundling
Naspers announces MultiChoice unbundling
Naspers announced on Monday its intention to list its Video Entertainment business separately on the JSE and simultaneously to unbundle the shares...
Solidarity confident of permission to strike after court ruling
Solidarity confident of permission to strike after court ruling
Trade union Solidarity says it has again applied for permission to embark on a one-day sympathy strike in protest against a black economic...
Solidarity accuses Sasol of being 'reckless' as strike drags on
Solidarity accuses Sasol of being 'reckless' as strike drags on
Trade union Solidarity has accused Sasol of compromising safety by replacing its striking members with workers who are not properly trained at the...
Nene promises financial prudence as all eyes turn to the MTBPS
Nene promises financial prudence as all eyes turn to the MTBPS
Finance Minister Nhlanhla Nene gave assurances on Thursday that government was committed to fiscal prudence, despite additional spending pressures...
What 10 years post-2008 tell us
What 10 years post-2008 tell us
In the decade since the collapse of Lehman Brothers and the start of the global financial crisis, the world economy has registered stronger growth...

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