PPC plunges deeper into crisis, reveals accounting errors
Cement maker PPC plunged deeper into crisis after reporting accounting errors and delaying the release of full-year earnings for a second time.
Cement maker PPC plunged deeper into crisis after reporting accounting errors and delaying the release of full-year earnings for a second time.
Unless Eskom gets the tariff hike they’re asking for, the power utility will have to ask government for another R83bn in three to five years’ time, says its new CFO.
South Africa’s struggling state airline is making progress in talks to renegotiate debts due early this year as it seeks to avert the threat of closure, reports the Financial Times.
In a telltale sign, suppliers to SAA are slashing their payment periods from 21 days to 7 days amid fears of a total collapse in the airline’s finances.
The 140MW Roggeveld Wind Project has recently reached financial close under the fourth round of South Africa’s Renewable Energy Independent Power Producer Procurement Programme.
Total Islamic finance assets are expected to reach $3.5 trillion by 2021, a CAGR of 12%, with Islamic banking responsible for most of this growth.
With South Africa’s current economic and trade environment remaining constrained and unpredictable, businesses are increasingly recognising the benefits of trade credit insurance to protect their bottom line.
Standarb Bank says its full-year profit climbed 34 percent after boosting net interest income and reducing its stake in its loss-making UK business.
Charlie Graham’s unpacking of the Capitec numbers set a benchmark that’s impressive even in Biznewz’s short history. His was the site’s best story in each of the past two weeks. Such was his excellent analysis and the interest in the subject. So I asked Charlie to pick up on the important news that SA’s biggest … Read more