Private rail operators question Transnet ‘profit’
A decade of underinvestment on maintenance and profits that rely on a revalued profit portfolio hide a multitude of problems. From Moneyweb. Private rail operators […]
Month: August 2022
Denel settles outstanding salaries, eyes R12bn order book
The arms manufacturer was ordered by the courts to pay outstanding salaries to workers, some dating back to 2020. From Moneyweb. State-owned arms manufacturer Denel […]
Massive damages claim over ‘sabotage’ of Umuthi Healthcare’s London listing
Board claims damages of close to R250m from Umuthi Action Group members, led by motivational speaker Anthony Morris. From Moneyweb. Members of the Umuthi Action […]
Standard Bank blown in home repo case, referred to banking ombud
Official deposing for the bank was found to have made false allegations against the homeowners. From Moneyweb. In a home repossession case before the KwaZulu-Natal […]
Ethereum v gold: Is there a trap ahead?
An interesting battle has been playing out … From Moneyweb. It takes some stomach to watch Ethereum (ETH) go through its characteristic gyrations. Drawdowns of […]
How Covid lockdowns ripped through the informal sector
The lockdown was the ‘devil in human form’. From DearSA. The best data we have says just half of informal entrepreneurs remain in business post-Covid. […]
Bain gets three-year ban from UK government over ‘grave misconduct’ in SA
UK becomes the first Western country to apply penalties on Bain for its role in state capture. From Moneyweb. Bain & Co has been banned […]
Banks are still collecting on debts that have expired
The Prescription Act extinguishes debt if not paid or acknowledged within a prescribed time. Yet some banks are still trying to collect on them, says […]