Business

NUM rejects Ramaphosa’s plan to split Eskom transmission, warns of job...

The National Union of Mineworkers (NUM) has rejected President Cyril Ramaphosa's plans to establish an independent Transmission System Operator (TSO), warning that the unbundling...

Nedbank posts flat interim earnings, lifts dividend as revenue grows

Nedbank reported largely flat headline earnings for the six months ended June 30 despite stronger revenue growth and disciplined cost management, as higher credit...

Mobile data drives Telkom’s strong growth

Telkom is becoming increasingly reliant on data services to drive growth, with data revenue now accounting for more than 60% of the group’s total...

Nedbank COO Mfundo Nkuhlu announces early retirement

Nedbank Group chief operating officer Mfundo Nkuhlu is set to retire at the end of the year after more than two decades with the...

Reserve Bank proposes strict laws for cross-border crypto transactions

The South African Reserve Bank (SARB)'s Financial Surveillance Department (FinSurv) has published a draft framework that would bring cross-border crypto asset transactions under South...

APOLOGY

In our publication on July 19, under the headline “BMF Investments shareholder questions directors’ 25% fee hike”, we mistakenly published a photograph of Mr...

Emirates NBD Bank to acquire retail banking business of HSBC Egypt

Emirates NBD said on Sunday that its fully-owned subsidiary in Egypt had entered into a definitive agreement to acquire the retail banking business of...

We don’t have the power to lead African Bank: Kganyago

South African Reserve Bank (SARB) Governor Lesetja Kganyago has expressed frustration that the SARB’s stake in African Bank does not grant it sufficient power...

SA has an uncanny ability to thwart those who believe in...

Just when governance failures, collapsing municipalities and infrastructure bottlenecks make the country look increasingly difficult to invest in, global companies continue committing billions of...

Exxaro in battle with ex-employee who raised procurement red flags

A dispute relating to claims of gross price manipulation and procurement irregularities has pitted mining giant Exxaro against a former employee. At the centre of...