Business

Transnet appoints Nonkululeko Dlamini as its new CFO

  Transnet has appointed outgoing chief financial officer (CFO) of the Industrial Development Corporation (IDC) Nonkululeko Dlamini as its new finance – becoming the latest...

Advisors, auditors and lawyers score R5.3 billion from Steinhoff in just...

  Embattled Steinhoff said today, it had paid advisory fees of  €275 million (R5,3 billion in today’s exchange rate) over the past two years as...

Sector sceptical about build plan

The embattled construction industry is sceptical about the government following through with the massive infrastructure spend plans announced this week. President Cyril Ramaphosa this...

SA sinks deeper into recession, the worst yet to come

  South Africa’s economy plunged 2% in the first quarter of the year following a 1.4% contraction in the last quarter of 2019 – sending...

Comair asks for more time to stitch together business rescue plan

The business rescue practitioners (BRPs) of embattled airline Comair have asked creditors to extend the deadline for the publication of the company’s business rescue...

COVID-19 forces NHBRC office in Tzaneen to close

The National Home Builders Registration Council (NHBRC) satellite office in Tzaneen is the latest institution to be affected by  COVID-19 virus after an employee...

NBC takes fund to court after lost deal

Chemicals sector walks away from workers’ benefits group Employee benefits group NBC Holdings has found itself on the back foot after the Chemical Industries National...

Black-owned Afrirent makes a play for the hospitality industry

  Black-owned investment group, Afrirent Holdings, has cast its eyes beyond the COVID-19 scourge and sealed a franchise agreement with Marriott International for a Protea...

Vodacom appoints Sitho Mdlalose as interim CFO

  Telecommunications company Vodacom said today it had appointed Sitho Mdlalose as its interim chief financial officer with the incumbent Till Streichert set to step...

Construction of Medupi to be completed this financial year – DD...

Deputy President David Mabuza said today that Eskom will complete the construction Medupi power station this year, while Kusile is set to be completed...

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