Here’s what needs to happen after the night of long knives at Transnet
Ditch the cadres, rehire experts squeezed out of the company, and get the private sector in. From Moneyweb. The exit of Transnet CEO Portia Derby […]
How Harmony Gold tackled the zama zama problem
Despite a tragedy involving 28 missing zama zamas in the Virginia shaft in May, there’s evidence that curbing illegal mining reduces other forms of crime. […]
Mining accounts for nearly 60% of SA exports – PwC
But at current mining rates the country has just 27 years of gold reserves left. From Moneyweb. It’s sobering to think that SA, once the […]
Absa and Pityana both see victory in court decision
Sipho Pityana says the Prudential Authority interfered in the Absa board’s decision to appoint him chair of the banking group. The high court agrees that […]
Only 10 000 MTI members may be eligible for payout
A dividend of 50c to 60c in the rand is reportedly imminent. From Moneyweb. Liquidators for crypto Ponzi scheme Mirror Trading International (MTI) say roughly […]
Sekunjalo group fights to keep bank accounts open
Claiming anti-competitive behaviour by several banks. From Moneyweb. Sekunjalo Investment Holdings appeared before the Competition Tribunal on Thursday, arguing that the decision by several major […]
Clientèle challenges alarming increase in debit order reversals
Court documents show a nearly fourfold increase over six years. From Moneyweb. Insurer Clientèle has taken the Payments Association of SA (Pasa) to the Johannesburg […]
Why consumers seldom win in legal battles against the banks
Lenders can litigate until their customers run out of money. From Moneyweb. A Pretoria couple recently had a victory against FirstRand Bank (FRB) in the […]
Business’s fraying patience with Transnet
It’s reaching boiling point, with reports that the state-owned logistics operator is costing the economy R1bn a day. From Moneyweb. Last week, the Durban Chamber […]
End of an era as AngloGold Ashanti moves primary listing to New York
The move will give it access to cheaper capital and should improve its valuation. From Moneyweb. It’s goodbye Joburg and hello New York as JSE […]