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African Bank has experienced a disastrous time of late, with its share price falling to unprecedented levels, its CEO of 23 years stepping down and the trade of its debt and equity being suspended on the JSE. The downward spiral resulted in the Reserve Bank announcing that it would pay R7bn for Abil’s bad loan … Read more
What’s keeping big business from engaging effectively with government, labour and other stakeholders? According to Cas Coovadia, new acting CEO of Business Unity South Africa (BUSA), it’s the lack of a unified voice. He tells Alec Hogg and Gugulethu Mfuphi, on CNBC Power Lunch, that his priority is to rebuild the organisation and give it … Read more