Business

Eskom caught in debt trap

Business Tshegofatso Mathe - 4 Sep 2020

Eskom is appealing an interdict by the courts to stop it from interrupting power to municipalities that owe it billions of rands

Eskom and treasury fight needs urgent attention

Business Sabelo Skiti - 3 Sep 2020

Early signs of instability are creeping into struggling power utility as forces fighting for space in the parastatal take battle to the very top at Megawatt Park

Auditor general flags Ithala Bank’s digital deal

Business Thando Maeko - 30 Aug 2020

The Prudential Authority has given Ithala Bank until June 2021 to submit its application for a banking licence in terms of the Banking Act

Calls to cap Eskom tariff increases

Business Tshegofatso Mathe - 30 Aug 2020

The national energy regulator has been accused of not following its mandate to protect consumers by allowing above inflation electricity price hikes

Recruitment search for a white male beyond the pale

Business Niren Tolsi - 30 Aug 2020

A recruitment agency sent out an advert for specifying the marketing manager job at a high-end dealership was for ‘non-employment equity/affirmative action’ people (‘slightly prefer males’)

Labour battle: labour brokers back in court

Business Sarah Smit - 29 Aug 2020

Some believed a 2018 Constitutional Court ruling would spell the end of labour broking. It didn’t

Durban’s cruisers may just survive the Covid crisis

Business Paddy Harper - 28 Aug 2020

Five months of no income means things are touch and go for Durban’s harbour charter industry, but with help they hope to weather the storm

Koeberg could power on to 2044

Business Lester Kiewit - 28 Aug 2020

After three decades’ use, South Africa’s only nuclear power plant could see its lifespan extended by 20 years — despite objections

What cyberhacking data means for you

Business Thando Maeko & Tshegofatso Mathe - 27 Aug 2020

About 24-million people and almost 800 000 businesses were affected when hackers stole information held by Experian credit bureau. The M&G examines how you can protect yourself

Eskom and treasury locked in multibillion-rand tender bunfight

Business Sabelo Skiti - 27 Aug 2020

Independent investigation into Eskom reveals fractious board discussions, involving accusations and counter-accusations, as allegations of corruption sink contract

PPE scandal takes the bread out of SMEs’ mouths

Business Tshegofatso Mathe - 27 Aug 2020

The Special Investigating Unit is probing contracts worth more than R5-billion, over corruption allegations regarding the procurement of goods and services needed for the government’s Covid-19 response

Is investing for good reaching its tipping point?

Business Natasha Dinham - 27 Aug 2020

With sustainable investments increasingly outperforming traditional options, millennials – the recipients of the greatest wealth transfer in history – are queuing up to get on board

UIF resumes relief payments after investigation delay

Business Thando Maeko - 26 Aug 2020

Temporary relief payments were suspended pending an investigation, but the UIF says it’s back on track

UN: SA recovery only in five years

Business Thando Maeko - 23 Aug 2020

The latest report shows the South Africa’s women will be the hardest hit demographic of the economic downturn

The pastor, the politician and the pension funds

Business Sabelo Skiti - 22 Aug 2020

The financial regulator has been criticised for handing back an asset manager’s licence so that workers’ money can be recovered

Bank guarantees foil Denel’s R4.5-bn Egypt contract

Business Sabelo Skiti - 22 Aug 2020

Loss of work is the last thing the beleaguered state enterprise needs

Sars plan for illicit tobacco still being refined

Business Tshegofatso Mathe - 22 Aug 2020

Meanwhile, billions of illegal cigarettes are flooding the informal markets as lockdown regulations are lifted at last

Government kickstarts the National Infrastructure Fund

Business Tshegofatso Mathe - 17 Aug 2020

Treasury, the department of public works’ Infrastructure in South Africa, and the DBSA have signed a memorandum of agreement that mandates the bank to establish and manage the fund

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