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Tag: business

Kganyago: Now's not the time to test policies that have 'proved a failure in economic history' thumbnail

Kganyago: Now’s not the time to test policies that have ‘proved a failure in economic history’

Posted July 31, 2020 adminLeave a comment

The central bank’s governor says the Covid-19 pandemic is not the time to “venture into policies or instruments that have proved a failure in economic history”.Kganyago was addressin…

Eskom planning to cancel R14bn oil contract over inflated supplier fees

Posted July 31, 2020 adminLeave a comment

The expected move to cancel the five-year contract and seek supplies directly from oil refineries comes as Eskom boss Andre de Ruyter seeks to cut expenses. JOHANNESBURG – Eskom is reportedly plan…

Consumers lapping up cereal, toilet paper amid COVID-19 pandemic

Posted July 31, 2020 adminLeave a comment

That is one clear conclusion from the latest round of earnings reports Thursday that underscored anew how the pandemic is scrambling economic activity as more people stay home. NEW YORK – Face mask…

Noic, Sakunda sucked in US$17m loan scandal thumbnail

Noic, Sakunda sucked in US$17m loan scandal

Posted July 31, 2020 adminLeave a comment

EXPLOSIVE details show that the state-owned National Oil and Infrastructure Company (Noic) was advanced by Sakunda Holdings US$17,5 million of a US$22,75 million loan agreement to buy out Lonmin’s 50…

Outgoing MTN CEO Rob Shuter to join BT Group thumbnail

Outgoing MTN CEO Rob Shuter to join BT Group

Posted July 31, 2020 adminLeave a comment

Outgoing MTN Group CEO Rob Shuter Rob Shuter, the outgoing president and CEO of MTN Group, will join BT Group (formerly British Telecom) as CEO of the companys Enterprise unit and will become a memb…

Strive Masiyiwa seeking buyers for Liquid Telecom stake thumbnail

Strive Masiyiwa seeking buyers for Liquid Telecom stake

Posted July 30, 2020 adminLeave a comment

Strive Masiyiwa. Craig Warga/Bloomberg The coronavirus pandemic is hampering efforts by Zimbabwean billionaire Strive Masiyiwa to sell a stake in Africas largest fibre company. Masiyiwa is seeking …

TV White Spaces must be released or South Africa will lose multi-million dollar investment – WAPA thumbnail

TV White Spaces must be released or South Africa will lose multi-million dollar investment – WAPA

Posted July 30, 2020 adminLeave a comment

The Wireless Access Providers Association (WAPA) has warned that if South Africa does not get the necessary legislation for commercial TV White Spaces (TVWS) in place soon, the country could lose out…

Troubled private schools group PLG gets funder as CEO finally steps aside thumbnail

Troubled private schools group PLG gets funder as CEO finally steps aside

Posted July 30, 2020 adminLeave a comment

One of the shareholders of the private schools group has offered to inject new funds on condition that it appoints a new CEO and disposes of its retirement villages business.After fi…

Beer sales under pressure in South Africa as volumes decline by double-digits, says biggest brewer thumbnail

Beer sales under pressure in South Africa as volumes decline by double-digits, says biggest brewer

Posted July 30, 2020 adminLeave a comment

Anheuser-Busch InBev, which incorporates South African Breweries, has published its second quarter and half-year 2020 results, showing the impact of the Covid-19 pandemic on its business, across the …

Analyst: Three Crypto Assets Are Sleeping Giants As Bitcoin Gears Up for Next Bull Run thumbnail

Analyst: Three Crypto Assets Are Sleeping Giants As Bitcoin Gears Up for Next Bull Run

Posted July 30, 2020 adminLeave a comment

Crypto analyst Nicholas Merten is bullish on several large-cap cryptocurrencies that he believes will ride the waves of Bitcoin’s recent price action. In a new episode of DataDash, the popular techn…

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