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A judge is set to have former president Jacob Zuma arrested for failing to show up in court on grounds of illness; his lawyer will have to prove he is really sick.
Immediately after PwC’s report was concluded in March last year, the Financial Mail launched a legal challenge to get the full document into the public domain. Steinhoff responded in court last week.
SAA is on the brink of collapse and its bosses are trying to buy more time by asking all the big lenders to help it with a cash crunch.
Eskom has posted a surprising R1.3bn profit in the six months through September, which is almost double that of the previous year thanks to higher tariffs.
Taking a leaf out of the value investors’ book, analyst Ryk de Klerk has got his eye on Sasol.
Jean-Pierre Verster says the fact that Steinhoff did not disclose the price of two large sales of subsidiaries today – in Australia and the UK – speaks volumes for this money manager.
Steinhoff International is considering the sale of about a quarter of Pepco Group through an initial public offering that could value the European retailer at more than €4bn.
A mass sale of art by former Steinhoff Chief Executive Officer Markus Jooste caused a slump in the price of paintings by famed South African artist Jacob Hendrik Pierneef.
The number of murders in South Africa has climbed to the highest level in a decade as an overburdened police force struggle to keep violent crime in check.
Steinhoff was given a record R53m fine by South Africa’s financial regulator for failing to properly disclose accounting problems to shareholders.