18.6 C
South Africa
Friday, March 22, 2019

Steinhoff executives inflated profits, investigation finds

Johannesburg - An investigation into German-South African furniture giant Steinhoff found Friday that a small group of former executives inflated profits for years. The findings...

BMF welcomes Mthunzi appointment as Edcon group COO

JOHANNESBURG, March 15 - The Black Management Forum has cheered retail group Edcon’s decision to appoint Mncane Mthunzi as its chief operating officer. Financially troubled...

Kingon reappointed as acting Sars commissioner

JOHANNESBURG, March 14 -  Finance Minister Tito Mboweni has reappointed Mark Kingon as acting commissioner of the South African Revenue Services (Sars) for a...

Group Five placed in business rescue, listing of shares suspended

JOHANNESBURG, March 12 - Diversified construction Group Five said on Tuesday it had resolved to place its companies into business rescue and had applied to...

Absa 2018 earnings rise 3 pct to R16.1 billion

JOHANNESBURG, March 11 - Banking group Absa on Monday reported a three percent increase to R16.1 billion in 2018 normalised headline earnings and said...

Transnet suspends four EXCO members while investigating misconduct

DURBAN, March 8 - State-owned rail company Transnet suspended four members of its executive committee with immediate effect on Friday, it said via a...

NUMSA says it will march against Africa Steel and Tube

JOHANNESBURG, March 8 - The National Union of Metalworkers of South Africa (NUMSA) in Ladlokova Local in Ekurhuleni says on Friday it will hold a...

BUSA says it hopes timeframe for Eskom task team can be extended

DURBAN, March 6- Business Unity South Africa (BUSA) said on Wednesday that it hoped the timeframe for the engineering task team mandated with investigating...

Necsa is a going concern but this could change, MPs told

PARLIAMENT, March 5 - The South African Nuclear Energy Corporation (Necsa) remained a going concern but its future remained uncertain, members of Parliament (MPs)...

SA economy grew 1.4 percent in fourth quarter of 2018 – Stats SA

JOHANNESBURG, March 5 - South Africa's economy grew by a lesser 0.8 percent last year after expanding 1.4 percent in 2017, the national statistics...


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