Old Mutual fined for not complying with FICA
The South African Reserve Bank (SARB) has hit the JSE-listed Old Mutual Life Assurance (OMLACSA) with administrative sanctions totalling R15.9 million. The heavy... Read more.
Minister Malatsi, Sita chair in dispute over hiring of board of directors
The State Information Technology Agency (Sita) is embroiled in a storm involving the Minister of Communications and Digital Technologies Solly Malatsi, who is at... Read more.
Standard Bank Group CEO Tshabalala reshuffles senior executives
Standard Bank Group chief executive Sim Tshabalala has rung big changes at the bank’s senior executive management level. The changes, announced on Friday, will... Read more.
Mzwanele Manyi replaces Sihle Ngubane as MK Party’s chief whip
The Jacob Zuma-led MK Party has appointed former EFF member of parliament Mzwanele Manyi as chief whip in parliament. The appointment comes hours after Manyi was... Read more.
Mayor Morero’s idea to hire foreign nationals in JMPD shot down
A suggestion by the recently elected City of Joburg Mayor, Dada Morero, to have Africa’s wealthiest municipality employ documented foreign nationals in law... Read more.
Charles Russon to fill gap when Absa Group CEO steps down
Retail bank Absa Group has announced that its chief executive, Arrie Rautenbach, will vacate his position on October 15. The bank, however, announced that after... Read more.
Aircraft lands in Kruger Mpumalanga airport to deport Libyans
The 95 Libyan nationals that were recently arrested in White River, Mpumalanga, are scheduled for deportation on Sunday morning. Sunday World understands that the... Read more.
Vision disappointed as Tongaat debt-to-equity plan is rejected
A consortium led by business mogul Robert Gumede’s Guma Agri has expressed disappointment after sugar giant Tongaat Hulett Limited (THL) shareholders voted against... Read more.
Will shareholders vote Tongaat Hulett out of business rescue?
Business mogul Robert Gumede’s Vision Group has called on embattled sugar giant Tongaat Hulett Limited (THL) shareholders to vote for a plan to swap its debt for... Read more.
SOEs reporting to departments to boost efficiency
Business and labour say having state-owned entities reporting to their line departments would assist to further prevent the inefficiencies associated with the cash-strapped... Read more.
