Eskom is regarded as the biggest risk to the nation’s economy, yet Mabuza has taken on a non-executive director role at pay-TV company, MultiChoice.
It has been brought to our attention that Treasury may once again seriously be considering the possibility of increasing capital gains tax as one possible source of increasing its revenue.
South African Finance Minister Malusi Gigaba said he won’t ask Africa’s biggest money manager to provide funds to bail out state-owned companies.
South Africa’s Treasury is pressuring the continent’s biggest money manager to provide as much as $7.6 billion to fund struggling state companies.
The abuse of staff is systemic in media institutions captured by the ANC, writes Ed Herbst, referring to Hlaudi Motsoeneng’s reign of terror and bias at the SABC.
Given the PIC investment of hundreds of millions of rands to create a “black Naspers” Ed Herbst reflects on the latest sales figures for daily newspapers.
The funds that invest money with the Public Investment Corporation lost more than R100bn when President Jacob Zuma fired former finance minister Nhlanhla Nene.
Ed Herbst, a former journalist, is worried South Africa may be on the cusp of another info scandal.
PIC says it is concerned that MTN didn’t anticipate or take steps to prevent being fined $5.2bn in Nigeria for failing to deregister mobile phone subscribers.
Ever since family-owned Chilean group CFR expressed interest in acquiring underperforming SA group Adcock Ingram, some leading shareholders urged it to put a cash-only offer on the table. Â With hindsight, had the Weinstein family done so a month back, they would now be preparing to taking their Adcock “bride” home. Instead, over the weekend the … Read more