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Latest news and views in Brief
South African retail-sales growth beat expectations for a second straight month in May, boding well for an economy that contracted in the first quarter.
President Cyril Ramaphosa has expressed his heartfelt sadness at the passing in recent days of anti-apartheid cultural activists, performers and National Order of Ikhamanga recipients Mama Nomhle Nkonyeni and Jonathan “Johnny” Clegg.
Peter Thiel, one of President Donald Trump’s top Silicon Valley supporters and donors, took aim at Google.
Moving more GEPF cash offshore could send shockwaves through South Africa’s listed companies, many of which count the PIC as its biggest shareholder.
Tongaat Hulett is asking 10 lenders for a break from payments on as much as R11bn of debt so it can recover from the impact of having to restate accounts.
The Motau Report was issued on 10 April 2018. Many many people implicated in corrupt activities should have been prosecuted by now. Why the delay?
Ask Nedbank CEO Mike Brown how to save Eskom and his approach is simple: first give it cash and then consider a debt-to-equity swap later.
Eskom was already searching for a chief executive officer and an executive to lead a turnaround of the company. It will now have to cast its net even wider to include a treasurer.
South African Airways will receive additional state funding after Chief Executive Officer Vuyani Jarana resigned over what he said was a lack of government support for the loss-making carrier.
The rand rose to the strongest level since February after Eskom’s biggest bondholder was said to have a rescue plan for the state-owned company.