Business 27.1.2020 08:14 am

Third attempt to wind up Guptas’ Oakbay heads to court

The business rescue practitioners for other Gupta companies say it’s unable to repay a R402m loan.

Business rescue practitioners for the eight Gupta companies under rescue have applied to the High Court in Johannesburg for the winding up of Oakbay Investments, one Gupta company that avoided being placed under rescue.

Courts Eskom says Nersa ‘artificially’ deducted billions in revenue from tariff

Eskom argued that Nersa’s decision to disallow the equivalent of the government bailout of R69 million for the three financial years was unjustifiable and irrational.

Business Third attempt to wind up Guptas’ Oakbay heads to court

The business rescue practitioners for other Gupta companies say it’s unable to repay a R402m loan.

My Small Business Small business in South Africa secures cracker supply deal with Walmart

Glenart was one of the manufacturers from the 18 that received a second visit from the Walmart sourcing team this week.

Investigation ‘Soon-to-be-defunct’ SA Tobacco Institute to ramp up resources in fight against illegal cigarette trade

The Fair-trade Independent Tobacco Association says it has welcomed a status quo shift that no longer accommodates Big Tobacco ‘dictating’ public perception.

Personal Finance What Trump’s presidency can tell us about the JSE and investor behaviour

Americans who shied away from the stock market after his election because of their political attitudes would have missed out on an exceptional period of returns.

Opinion Two weeks into 2020 and already almost 6 000 jobs are on the line

This is mostly due to politics and poor decisions rather than external factors.

Government Government still looking for R2bn to save SAA

Flights will remain operational as government struggles to raise business rescue money.

Business News Domestic workers fight for national minimum wage

‘In Benoni, domestic workers in those big houses are getting R1,400 a month and they are working from Monday to Sunday … They are hopeless and helpless.’

Business News Breaking down the worth of SAA’s old Airbuses

Selling the aircraft is probably not a quick-fix for the airline’s financial problems.

Travel Airlink to operate under its own flight code

In order to operate independently, Airlink has to change its ‘SA8’ flight code and ‘083’ ticketing code to ‘4Z’.

World US, China sign ‘momentous’ trade deal

The easing of trade frictions has boosted stock markets worldwide in recent weeks, as it takes the threat of new tariffs off the table for now.

Personal Finance What South Africans should know about online Forex trading

As the demand for OTC Forex in South Africa is increasing, so are the risks for the investors. There are some factors that need to considered before trading Forex online.

Courts Court confirms reckless lending ruling against Shoprite

It has been ordered to pay a R1 million fine within 30 days, confirming the earlier decision by the tribunal, after it was found that figures were massaged to influence affordability assessments.