Business

R13.5-billion municipal debt burden 'really beyond Eskom'
R13.5-billion municipal debt burden 'really beyond Eskom'
Municipalities owe Eskom R13.5-billion – a situation which requires intervention by the government, South Africans and Parliament, the portfolio...
Energy department cuts budget allocation for clean energy
Energy department cuts budget allocation for clean energy
Government’s plan to achieve 30% clean energy by 2025 is questionable, given that the department of energy (DoE) only allocates 5% of its budget...
Labour tenants to be first in line
Labour tenants to be first in line
Labour tenants, who work for a landowner in exchange for the right to use a portion of the land for their sustenance, could be the first beneficiaries of the government’s policy to expropriate land without compensation....
Eskom looking to take R67-billion out of your pocket
Eskom looking to take R67-billion out of your pocket
The objections to Eskom’s efforts to claw back almost R67-billion in revenue began in earnest this week as the first round of public hearings...
Lamberti quits as Imperial head
Lamberti quits as Imperial head
Embattled Imperial chief executive Mark Lamberti has finally resigned as head of Imperial Holdings and will be replaced by the company’s current...
Unions lock negotiators in amid public sector wage talks deadlock
Unions lock negotiators in amid public sector wage talks deadlock
As frustrations rise over the delayed public sector wage talks, trade unions on Tuesday evening said they had locked in state negotiators at the...
Mark Lamberti resigns as Imperial CEO
Mark Lamberti resigns as Imperial CEO
Imperial Holdings CEO Mark Lamberti has resigned.
Auditor General cancels contracts with KPMG
Auditor General cancels contracts with KPMG
Auditor General Kimi Makwetu on Tuesday announced his office’s decision to terminate, with immediate effect, the government's auditing contracts...
Molefe loses court bid to appeal pay back pension ruling
Molefe loses court bid to appeal pay back pension ruling
The North Gauteng High Court on Tuesday dismissed an application by former Eskom CEO Brian Molefe for leave to appeal a ruling that he pay back the...
Lamberti finally resigns from BLSA
Lamberti finally resigns from BLSA
Imperial chief executive Mark Lamberti has resigned from his position as a director at Business Leadership South Africa (BLSA). He, however,...
Curator withdraws VBS's 2017 financial statements
Curator withdraws VBS's 2017 financial statements
The turmoil at VBS Mutual Bank deepened on Monday, when the bank’s curator announced he was withdrawing its most recent financial statements.
SARS, NPA to go after taxpayers with outstanding returns
SARS, NPA to go after taxpayers with outstanding returns
The South African Revenue Service (SARS) has embarked on a new initiative with the National Prosecuting Authority (NPA) to prosecute non-compliant...
Cosatu rejects above-inflation tariff hikes to bail out ‘drug addict’ Eskom
Cosatu rejects above-inflation tariff hikes to bail out ‘drug addict’ Eskom
Granting Eskom above-inflation tariff hikes is like feeding bailout addictions of a drug addict, the National Energy Regulator of South Africa...
KPMG 'opening itself up to scrutiny' with review of 200 files
KPMG 'opening itself up to scrutiny' with review of 200 files
KPMG chairperson Wiseman Nkuhlu on Sunday announced that the beleaguered auditor will launch an "unprecedented" review of all its work done by...

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