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Union calls on government to nationalise ‘profit-driven’ Clover

Business Sarah Smit -

The dairy’s Lichtenburg factory, which is being closed due to service delivery issues, employs about 380 permanent and 40 temporary workers

‘Corrupt’ SAA sale to be challenged in court

Business Khaya Koko -

UDM leader Bantu Holomisa says the organisation is seeking an urgent application to set aside the sale of SAA to Takatso

DarkSide: Following the money in the crypto age

Business Sarah Smit -

Ransomware is the fastest-growing cryptocurrency-related crime. Known payments to ransomware attackers rose 337% from 2019 to 2020, when they reached over R5.4-billion worth of cryptocurrency

Naspers and Prosus in share swap Catch-22

Business Tshegofatso Mathe -

Asset managers are concerned about the share exchange but others welcome it because Naspers has dominated the JSE

SAA: PIC allegations are Harith’s albatross

Business Sarah Smit -

Sipho Makhubela assures that the private equity firm has what it takes to raise the capital to get SAA flying again

The treasury and the neoliberal agenda destroyed the state airline’s capabilities

Business Lumkile Mondi -

It’s a history littered with lessons and crumbs of what was to become the SAA privatised

‘People feel they have a stake in SAA’ — Gidon Novick

Business Sarah Smit -

Interest in the beleaguered national carrier, which has received billions of rands in public funding, means criticism is inevitable

Never-before-seen IRS files reveal how the wealthiest avoid tax

Business Jesse Eisinger & Jeff Ernsthausen -

ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing

Standard Bank ‘risks its reputation over East African oil pipeline

Business Sheree Bega & Sarah Smit -

Standard Bank says it has insisted on good environmental assessments, resettlement plans and fair compensation

Economy’s signs of life mean little for the poor

Business Sarah Smit -

GDP growth may be encouraging but it doesn’t mean much for SA’s millions of unemployed

SAA gets a second wind with new majority shareholder

Business Sarah Smit -

Takatso consortium will now own 51% of the airline and the state 49%

Relief as Ramaphosa announces surprise energy reform plans

Business Sarah Smit -

The president says his surprise new energy reform plan will address the electricity crisis comprehensively

SAA will have a strategic equity partner by August, says public enterprises department

Business Emsie Ferreira -

The airline’s outstanding government guaranteed debt is R6.4-million and the treasury says there are no new guarantees to mitigate future risks to the fiscus

Nxesi says employment and labour department must ‘talk less’ and do more

Business Eunice Stoltz -

The minister and his management team appeared before parliament after another scathing auditor general report was tabled

Better-than-expected economic growth driven by finance and mining

Business Sarah Smit -

The economy is still 2.7% smaller than it was in the first quarter of 2020

Climate change will hit G7 economies harder than Covid, research finds

Business Sarah Smit -

Countries with the biggest industrialised economies could see an average loss of 8.5% of economic value by 2050, according to an Oxfam analysis

Kganyago: Monetary policy entails trade-offs

Business Sarah Smit -

The South African Reserve Bank governor believes the state has to spur growth, restore the country’s public finances and arrest debt to escape the economic slump

South African CBD company nets big deal in anticipation of cannabis-industry boom

Business Sarah Smit -

Goodleaf has announced a major transaction with Highlands Investments, one of the first and largest growers of cannabis in Lesotho

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