Consumer confidence is so low that some may be wondering whether the infamous family has captured the festive season.
Its problems are many and its debt overwhelming.So the question remains: Can the airline be saved?
‘Mr Gap Housing’ Faizal Motlekar in multiple court battles to keep his construction empire afloat
Business, government and labour need to find common ground to grow the economy
"Earlier this year, the commission brought a case against 17 major local and international financial institutions for collusion"
In SA, at worst, they will lose their jobs. But things will get ugly if Uncle Sam goes after them.
Beyond the language of price-fixing and collusion, this type of behaviour by bankers amounts to taking food off the tables of South Africans.
If all 17 institutions are penalised, the country’s R140‑billion budget deficit could be wiped out in one fell swoop.
The Reserve Bank hasn’t found any untoward activity in a review of foreign exchange trading, but the Competition Commission is investigating.
Ahead of the release of its full earning report, Anglo American Platinum said it expects it finances were adversely affected by industrial action.
The trade deficit unexpectedly shrunk to R6.5-billion in May as fewer vehicle imports offset the drop in platinum exports.
A looming bond default following the liquidation of the engineering company will impact on a number other entities.
A sheriff was allegedly sent to Nelson Mandela’s home in order to find his grandson Zondwa Mandela who owes Investec money for a Mercedes Benz.
The unresolved European financial crisis may have markets reeling but it is creating an opportunity for South African investment managers.
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/ 2 December 2011
This week gross domestic product (GDP) figures indicated a continued trend of slow economic growth with inflation on the rise.
Bank blames Botha for trying to escape liability
Claims made against Investec could be behind justice minister’s push for inquiry into spying.
The rand fell more than 1,7% to a three-week low against the dollar on Wednesday as Europe’s debt problems kept investors wary of risk.
Shareholders in one of the companies looted by slain mining magnate Brett Kebble have launched a multimillion-rand lawsuit against Investec Bank.
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/ 22 February 2011
You are taxed on the growth when you cash in, so you need to do your maths carefully. But higher contributions due to tax breaks makes a difference.
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/ 23 December 2010
The ongoing recession has done much more than affect our collective pocketbooks. It has also driven many to depression — and even suicide.
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/ 12 November 2010
Local economists downbeat about the upcoming G20 meeting and expect developing countries to look to their own interests.
South African investment bank and asset manager Investec said on Friday first-quarter net operating income rose by 11%.
Searching for a good investment vehicle for a monthly debit order.
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/ 11 September 2009
Africa will be a key driver in the global sovereign wealth funds industry in coming years, a senior official at Investec says.
Investec posted a 4,8% rise in operating profit, but impairment losses on loans and advances increased as a result of the weaker credit environment.
Specialist banking group Investec have bought 50 000 tickets for the 2009 Confederation Cup at a cost of R3,5-million.
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/ 23 February 2009
Investec has settled its pension dispute with retirement funds that lost millions when Fedsure collapsed in 2002, the company said on Monday.
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/ 29 January 2009
SA’s PPI slowed to an 11-month low of 11% year-on-year in December, lending further weight to the case for an aggressive interest-rate cut next week.
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/ 17 December 2008
Consumer inflation eased further for a third consecutive month in November, Statistics South Africa said on Wednesday.
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/ 25 November 2008
South Africa’s economic growth rate slowed to 0,2% in the third quarter of 2008, official data showed on Tuesday.
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/ 13 November 2008
Investec said on Thursday it made a first-half operating profit of £241,8-million, unchanged from a year ago.