PIC hotshot in hot water as inquiry digs up fresh Ayo dirt
Iqbal Survé is in the spotlight again in connection with a probe into a massive PIC investment in his Ayo Technologies group.
SA Investing
EWC about political, not agrarian tenure – IRR
As the land-seizure debate divides South Africa and threatens to spook investors, for many black citizens the issue isn’t about farming – it’s about justice.
Zuma’s free education plan blows hole in SA growth: World Bank
A plan to spend more subsidising higher education is fiscally unsustainable and is unlikely to supply more skills to the economy, the World Bank has said.
Myth busters: Why ‘nationalising’ SARB would make no difference
Because the Reserve Bank’s mandate is protected in the Constitution, it wouldn’t matter if its private shareholders were bought out by government.
Ayo bringing down PIC house; key officials suspended
The Public Investment Corporation has suspended two employees after an investigation into a transaction with Ayo Technology Solutions.
Minister tells Vodacom: ‘Shut up!’ But then shuts up herself.
Minister Ndabeni-Abrahams recently took to Twitter in a blustering way to air her views on the ‘please call me’ dispute, only to then delete her tweet.
Worst-performing SA stock, Ascendis, receives bid for crown jewel
Ascendis is in talks to sell one of its best-performing units as last year’s biggest loser on Johannesburg’s stock exchange battles to ensure survival.
SARB independence ‘sacrosanct’ but it must be more flexible: ANC
The ANC wants the Reserve Bank to play a greater role in boosting growth in South Africa, but still remain independent.
Andreas Seifert gets his teeth into his former friends at Steinhoff – again!
Steinhoff’s effort to rescue its European business has been delayed after a challenge from a company linked to Andreas Seifert, the beleaguered retailer’s latest opposition from its former Austrian partner.
Tencent N26: Naspers catches ride on valuable fintech startup
Tencent, the bedrock of Naspers, has seen its investment in German banking app N26 rise in value considerably.