Nedbank ‘had to bite bullet’ in its R600m settlement with Transnet
Nedbank Group says it needed to pay the R600-billion settlement to state-owned entity Transnet, as the financial services institution wants to play a big role in... Read more.
Far from fiscal turning point – economists
Some economists have berated the 2026 budget, labelling it a plan that overpromises but is set to underdeliver. Their criticism comes after National Treasury projected... Read more.
Spur poised for growth, but must tread carefully on African expansion
Leading casual dining franchise group Spur Corporation has been advised to curb its appetite for expanding its operations beyond the borders of South Africa. The... Read more.
Income tax relief announced amid SARS’ bumper revenue collection
Finance minister Enoch Godongwana has proposed an income tax relief after the taxman’s revenue collection outperformed previous estimates by over R21-billion.... Read more.
BBC talked to Ramaphosa about ‘Zondo commission regulations’ before Sona
The Black Business Council (BBC) says it directly complained to President Cyril Ramaphosa before he announced that the Public Procurement Act regulations would be... Read more.
Ailing ArcelorMittal seeks urgent help as losses deepen
The financial losses suffered by ArcelorMittal SA (Amsa) are proof that the government needs to move fast to intervene and help turn the fortunes of sub-Saharan... Read more.
Macozoma praises maligned BEE after R11bn Exxaro deal
Veteran businessman Saki Macozoma has heaped praise on black economic empowerment (BEE), saying a transaction that will see his company being paid over R11-billion... Read more.
Fuming MTN mulls Iran exit
Africa’s biggest mobile operator, MTN, is exploring an exit from Iran after the dramatic ousting of Irancell’s chief executive officer, a decision taken by the... Read more.
Don’t tax us more: Beer and wine associations plead with Treasury
National Treasury is hatching a plan to increase the rate at which beer and wine are taxed – a move that could see the price of these popular alcoholic beverages... Read more.
Rio Tinto, Glencore merger faces hurdles over coal assets
Diversified mining giant Rio Tinto’s bid to take over Glencore to create the largest mining company in the world, with a market cap of $200-billion (R3.29-billion),... Read more.
