Business

‘It is right that auditing is under scrutiny’ — Deloitte Africa CEO-elect

Incoming chief executive Ruwayda Redfearn says Deloitte has learned a lot about the importance of ‘professional scepticism’ from its corporate mishaps

Impala Platinum re-enters Royal Bafokeng Platinum buyout bid

The announcement comes just weeks after competitor Northam inked a deal to acquire up to 33.3% of Royal Bafokeng Platinum

Brakes put on foreign truck drivers

New legislation aims to protect local jobs in the transport sector amid questions as to whether SA has enough willing and skilled drivers

As Reserve Bank eyes inflation, jobs suffer

The central bank has been criticised for hiking interest rates to the detriment of employment

‘Explosive’ jobs crisis imperils South Africa

Experts’ strategies for fixing the unemployment crisis range from devaluing the rand to a universal income grant or accepting debt from loans

‘South Africa will decline finance deal on energy if terms are bad’

Cyril Ramaphosa says the terms of $8.5-million climate finance offered to South Africa by wealthy countries are not yet set in stone

Absa firing is an attack on corporate governance — Sipho Pityana

Absa announced that the businessman was removed from its boards after being accused of acting against the banking group’s best interest

‘A cruel slap’: Reserve Bank weighs inflation risks as the economy struggles

Critics have said the repo rate hike will jeopardise already sluggish economic growth, but others say the gradual increase will have little effect

Pent-up investor interest in green energy finance will boost South Africa’s plans

The delay in additional capacity to the grid was not caused by a lack of private capital, but a lack of projects

Reserve Bank green-lights interest rate lift-off

The decision to hike the repo rate by 25 basis points comes in the wake of red-hot inflation in advanced economies and fears policymakers will start to dial back on accommodative measures

Diversifying Vodacom dips its toes in new markets

Last week, South Africa’s biggest cell phone operator announced two major acquisitions amid speculation its rivals may be teaming up

South African inflation unchanged as some economists expect repo rate lift-off

Global inflation has surprised on the upside, which may factor into whether the Reserve Bank’s monetary policy committee decides to raise the interest rate on Thursday

State-insurer Sasria receives R32bn in claims relating to July unrest

Sasria says it has paid out R12.6-billion in claims. The state-owned insurer said will be profitable by 2022, thanks to treasury’s additional R11-billion allocation

Mid-term budget: Nothing for small and medium enterprises but they fight on anyway

SMEs are investing in their growth at a rate we’ve never seen before. That is resilience. It is also a sign of the pent-up growth just waiting to explode into our economy — if only the government would see it

Godongwana holds off on basic income grant decision, closes taps to state enterprises

Godongwana warns that the outer limits of the budget are non-negotiable as a debt cliff loomed

Democratic Alliance welcomes Godongwana’s ‘tough love’ for state-owned enterprises

The opposition party referred to the government’s economic policy as ‘hopelessly inadequate’ and an obstacle in the path towards stable public finances
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