PREMIUM!
Wall St suffers worst losses of 2019 on US-China trade war
Stocks pushed lower and went lower still after Chinese media reported that Chinese firms have stopped buying US farm produce.
PREMIUM!
Politics essential in restoring confidence in SA’s economic prospects
The corruption and mismanagement that characterised the Zuma presidency sucked confidence out of the economy, and South Africa’s GDP growth has stagnated.
PREMIUM!
Competition Tribunal makes history as first black female chairperson appointed
Following her appointment by President Cyril Ramaphosa as the new chairperson, Mondo Mazwai will lead the Competition Tribunal from Thursday August 1.
The price of diesel 0.05% sulphur will decrease by 13.29 cents and that of diesel 0.005% sulphur will go down by 14.29 cents per litre.
Could help lift the construction sector out of the doldrums if done right.
State-owned arms manufacturer accused of not paying payroll deductions over to the relevant bodies.

Eskom’s turnaround will not happen in 18 months – experts

That target is unrealistic and over-optimistic, energy experts agree, with one saying it could take up to 10 years to get the utility back on track.

Denel to pursue legal action against former bosses to recover losses

The SOE’s CEO says the entity has initiated several forensic investigations into alleged fraud and misappropriation of funds.

Old Mutual could be in contempt of court, says Moyo’s lawyer

Moyo pitched up for work on Wednesday morning despite the company suggesting they will not yet accept his return as CEO.

Solidarity serves court papers to force Denel to pay unemployment insurance levy

The move follows the announcement that Denel could only pay a certain portion of its employees’ salaries for June and July.

Used vehicle price increases at a 5-year low

The South African car market continues to struggle as financially stretched consumers increasingly opt for older cars at lower price points.

Future of coal industry in SA is bright – Minerals Council SA

‘The coal sector remains key to the country’s development and industrialisation,’ Minerals Council spokesperson Charmaine Russell said.

Eskom in a ‘death spiral’ but somehow still on ‘right track’ – outgoing CEO

‘If government had to give us R100 billion, in a few years’ time we would be back to where we were,’ Hadebe said.

Old Mutual ordered to reinstate CEO Peter Moyo

The court ordered for him to be temporarily reinstated and ordered the company to pay for his legal fees.

Eskom reports R20.7bn loss for last financial year

This comes after Finance Minister Tito Mboweni last week announced a R59 billion bailout for Eskom from government.

Eskom board backs Mabuza’s dual roles of chairperson and CEO

He will serve as acting group chief executive for the debt-ridden power utility for three months from August 1.

Pick n Pay to engage competition regulator over report on market dominance

The Competition Commission in May said that it wanted large retailers to stop enforcing exclusivity clauses in their lease agreements.

Shoprite expects earnings to drop 14.3% – 20.3%

The chief executive says it remains resolute in its purpose to be the continent’s most affordable and accessible retailer.

Consumers ‘in for a rough ride’ if SA hits ratings junk status

The panic about a possible sub-investment grade came after Moody’s expressed concern over the bailout of SOEs and the lack of growth in the economy.

ArcelorMittal SA interim earnings down by R650m

AMSA will release its interim results for the first six months later this week.




 

 

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