Author: Mpho Sibanyoni

Nafcoc reveals plans to acquire stake in Pick n Pay 
News

Nafcoc reveals plans to acquire stake in Pick n Pay 

The National African Federated Chamber of Commerce and Industry has embarked on a study to gauge the possibilities of acquiring a sizeable stake in grocery chain... Read more.
TymeBank to cash in on ZCC Moria Easter pilgrimage 
Business

(ICYMI)TymeBank to cash in on ZCC Moria Easter pilgrimage 

The Patrice Motsepe-owned TymeBank is banking on the Zion Christian Church (ZCC) Moria Easter weekend pilgrimage to grow its client book.  For the first time since... Read more.
Only spaza shops run by SA citizens must benefit from R500m fund – BBC 
News

Only spaza shops run by SA citizens must benefit from R500m fund – BBC 

The Black Business Council (BBC) has called on the government to tighten law enforcement to ensure that spaza shops owned by undocumented migrants do not benefit... Read more.
Business

State must write off unpayable R100bn municipal Eskom debt, economist says

The state needs to write off almost R100-billion debt that municipalities owe to Eskom. In addition, government should inject human resource capacity while also... Read more.
Top execs receive obscene packages as staff struggle to make ends meet 
News

Top execs receive obscene packages as staff struggle to make ends meet 

Figures contained in the recently released annual financial reports lay bare how most South African JSE-listed companies are perpetuating income disparities by giving... Read more.
Godongwana’s growth projection a pie in sky – economists
Business

Godongwana’s growth projection is pie in sky – economists

Economists have slammed Finance Minister Enoch Godongwana’s projection that the domestic economy would this year grow by 1.9% as baseless. Their criticism comes... Read more.
Bank fraud
Business

Plan to craft legislation to curb government debt from rising

As the gross government debt is projected to reach R5.69-trillion in 2025, the National Treasury wants to introduce legislation aimed at curbing government debt... Read more.
Opposition parties reject Godongwana’s VAT increase
News

Godongwana wants 30 000 elderly public servants to retire

Finance Minister Enoch Godongwana has revealed that the government plans to terminate the contracts of up to 30 000 elderly public servants. These details are contained... Read more.