Last night’s announcement that China’s Sinopec is buying Chevron’s South African assets, including its oil refinery and fleet of over 1 000 Caltex petrol stations, is uplifting.
Do we still require a third party when software can provide us with what we need? Is cryptocurrency the evolution of money, asks Brendan Jack.
With apologies to Noel Coward’s 1935 classic, Mrs Worthington should no longer switch her daughter from the stage to the bank. Mobile phone companies are a better bet.
Moody’s Investors Service has placed five South African state-owned companies on review for a downgrade due to concerns about governance and the political environment.
Abax Investments has “significantly reduced” the level of bond purchases in state-owned South African companies over the past three years because of concerns over credit worthiness.
Like many self-confident populists before him, Julius Malema has yet to discover he doesn’t know what he doesn’t know. If you thought education was expensive, try ignorance.
Former SA Reserve Bank Governor Tito Mboweni has resorted to his Facebook page to send a message to the Zuma Administration to stop being stupid.
Those who engineered the sale of SA’s Strategic Fuel Fund on the conditions reported, did it solely to enrich themselves. They stole at least R1.5bn, perhaps as much as R2.2bn, from South African taxpayers.
Standard Bank, Africa’s largest lender by assets, said first-half profit dropped 18 percent compared with a year earlier when it sold a stake in its U.K. business.
People living on communal land owned by a community trust in South Africa’s eastern KwaZulu-Natal province are set to be given title deeds to their property.