HIV and Aids – we’re not out of the woods by a long shot

Over the last few years, with improved treatments and in the face of extensive government intervention, South Africans have lost their sense of urgency over the HIV/Aids pandemic. However, as Adcock senior executive Stavros Nicolaou points out, the battle against HIV/Aids is far from won. Although some 2.2m South Africans are receiving treatment for Aids, … Read more

Market watcher’s insight – Remgro’s R2.3bn investment into Caxton; MTN Zakhele’s non-listing; Joffe’s run at Adcock

Every Monday on CNBC Africa’s Power Lunch I get to chew the fat on one of my favourite subjects – investments – with the extremely well informed Sasha Naryshkine, a director at Vestact. In this week’s discussion we unpack the decision by cigarette and luxury goods baron, Remgro chairman Johann Rupert, to seal a partnership … Read more

After eight years of legal wranging SAPS Captain Renate Barnard beats the system – and Affirmative Action

Trade union Solidarity is celebrating a famous victory after the Appeals Court ruled in favour of career policewoman Captain Renate Barnard whose promotion had been blocked on the basis of Affirmative Action. Supported by her union, Barnard has been fighting her employer for the last eight years. Her victory means SA Police Services has to … Read more

Turkcell’s lawyer unpacks $4.2bn claim against “corrupt” MTN win in Iran – time for SA cell phone company to stop brazening it out?

South African headquartered group MTN has been brazening out allegations that it bribed its way into the consortium which holds the Iranian mobile phone market. MTN is relying on results of its paid for investigation by SA-born and educated Leonard Hoffmann, a retired UK Judge. Hoffmann’s conclusions are based primarily on a view that MTN’s … Read more

Behind the Turkcell SA High Court action over Iranian licence – what does it know that MTN, Judge Hoffmann doesn’t?

Turkcell, a R136bn market cap Turkish-based mobile phone group, is persisting in its corruption allegations against locally-headquartered MTN (market cap R371bn). It revolves around the last minute switch of a lucrative Iranian licence from Turkcell to MTN. Turkcell accuses MTN of bribing Iranian officials – a claim supported by Chris Kilowan, the man the SA … Read more

The construction boom in Africa – China’s doing less than you think, but SA firms also losing out

Africa is currently in the middle of a pretty major construction boom as countries throughout the continent attempt to develop their transport, communication, and energy networks to the point where these enable, rather than inhibit economic activity. With plenty of big-ticket projects approved or started across Africa, foreign construction groups are very active in pursuing … Read more