UPDATE: Lamberti quits Eskom board after row over black accountant

One of Eskom’s new directors has quit after a high court hearing in which he was criticised for calling an experienced chartered accountant a...

Lamberti resigns from Eskom board

Businessman Mark Lamberti has resigned as a director from the Eskom board. Minister of Public Enterprises Pravin Gordhan announced that Lamberti had tendered his resignation...

Tax probe ‘snubbed’ again by Gupta brothers

Tax authorities in India have been “snubbed” again by the Gupta brothers. The Times of India https://timesofindia.indiatimes.com/city/dehradun/i-t-gives-gupta-bros-7-days-to-appear-before-it/articleshow/63616464.cms reported that a chartered accountant‚ claiming to represent...

Brics cities networking scoop for BCM set for June

Buffalo City Metro is preparing to roll out the red carpet for leaders of five of the world’s top emerging economies when they arrive...

Pam Golding hailed as an inspiration for women

Pam Golding was hailed as a role model and inspiration for women as tributes poured in for the late property mogul on Wednesday. Golding passed...

Gupta business rescue: Shiva Uranium to be sold

After a little over a month‚ business rescue practitioners for eight of the Gupta family companies have revealed some of their plans to save...

Seven more samples from Enterprise test positive for listeriosis

The National Institute for Communicable Diseases (NICD) has rubbished the Democratic Alliance’s statement that the source of South Africa’s devastating listeriosis outbreak has yet...

‘That’s public funds’: Gordhan on Magashule party

Greed was the main illness affecting South Africa‚ Public Enterprises Minister Pravin Gordhan has said. Speaking at an event to commemorate the life of Ahmed...

Class action lawsuit goes ahead for listeria victims

Lawyer Richard Spoor will lodge a class action lawsuit on Thursday against Tiger Brands and Enterprise Products on behalf of people who contracted listeriosis...

Interest rate cuts to soften VAT blow

By Tammy Foyn And Karl Gernetzky The Reserve Bank delivered on South Africans’ hope for a cut in interest rates on Wednesday‚ announcing a reduction...

Loo that burns waste may be the solution

While government is under pressure to eradicate pit latrines at schools, an East London semiretired accountant believes his invention is the solution. Ben Mfazwe, from...

Motsepe urges South Africans to help the poor

The president of Mamelodi Sundowns football club‚ Patrice Motsepe‚ has urged South Africans to do something with the conditions that poor people face across...

Creating 500‚000 jobs a year for the youth is possible: Ramaphosa

Creating half a million jobs a year for young people is a possibility‚ President Cyril Ramaphosa said on Tuesday during the launch of the...

Guptas missed D-Day with Indian tax authorities

According to media reports the Gupta brothers missed their deadline on Monday to present themselves to Indian tax authorities. Local journalist Neha Poonia tweeted: “Sources...

Are the Guptas about to pull off a scam – and score R2bn a...

An elaborate plan to buy the Tegeta-owned Optimum and Koornfontein coal mines might see the Gupta family regain control of the lucrative assets it...

Eskom wants a 30% price increase

If Eskom has its way‚ electricity prices will increase by more than 30% — but only if the National Energy Regulator of South Africa...

WHO: No need to ban SA meats

The World Health Organisation (WHO) has warned against a trade ban on South African meat products as a result of the on-going Listeria outbreak. “WHO...

Gupta plane must come back to South Africa – High Court

The controversial Gupta brothers must return their Bombardier jet to Lanseria airport in South Africa pending the outcome of court proceedings in England. Canada’s export...

Listeriosis bill for Tiger Brands ‘up to R800m’

Tiger Brands faces about R425m in legal claims for more than 180 listeriosis deaths blamed on processed meat from its subsidiary‚ Enterprise Foods‚ it...

Icons share experiences, secrets of best practice

Understanding how money works and what makes your competitors better were some of the juicy tips shared by young business mogul Vusi Thembekwayo at...

Bonds weaken ahead of Zuma charges announcement

South African government bonds were slightly softer on Friday afternoon‚ as the National Prosecuting Authority (NPA) prepared to announce whether it would reinstate corruption...

EC entrepreneur brings fresh idea to thirsty town

A brave  go-getter, 29-year-old Eastern Cape businesswoman Zizipho Dyani, has been backed by a major bank to set up a water purification business in...

Entrepreneurs face land issue: Biodiversity sector holds possibilities

A lack of land ownership for black emerging entrepreneurs was highlighted as among the barriers to entry into the biodiversity sector at an indaba...

Tiger Brands seeks cause of listeria at its Polokwane plant

Tiger Brands said on Friday it was doing everything possible to get to the root cause of the listeria bacterium at its Enterprise Foods’...

It’s confirmed: Transnet and Eskom did make payments to Gupta-linked companies

Transnet and Eskom did make payments to Gupta-linked entities‚ and there were indications of mismanagement and irregularities – but there weren’t payments to government...

Vintages, antiques to go under hammer

Train number plates, sewing supplies, fob watches and fancy cigarette lighters from bygone eras have made their way to a Quigney collectable shop where...

Supension of Eskom executives was not my doing‚ says Ngubane

Former Eskom board chairperson Ben Ngubane has begun detailing to parliament’s inquiry how the process of appointing Brian Molefe unfolded and how the suspension...

Dudu Myeni now “too sick to fly” to inquiry

Former SAA chairwoman Dudu Myeni has yet again failed to make an appearance before the parliamentary inquiry into state capture‚ but in a written...

Mantashe told Gupta mines can be saved

The business rescue practitioners of eight Gupta-owned mines — including Optimum‚ Brakfontein‚ Koornfontein and Shiva — have given hope that the mines can be...

Angry property owners sign petition on Joburg rates evaluations

Angry property owners in the City of Johannesburg are airing their frustrations on a petition against the high prices being set on their assets...

Home Affairs officials return to ANN7 studios

Officials from the department of Home Affairs returned to the ANN7 studios in Midrand on Tuesday. A convoy of their vehicles arrived at the premises...

Standard Bank denies opening accounts for Gupta business rescue practitioner

Standard Bank has denied that it opened accounts for the use of business rescue practitioners running Gupta-owned companies‚ saying its employee did not have...

Standard Bank throws lifeline to businesses controlling seven Gupta companies

Standard Bank has agreed to open bank accounts for business practitioners who are controlling seven Gupta companies. Standard Bank was among the top four banks‚...

Former president Zuma to be lauded by controversial business bodies

Former President Jacob Zuma will this week be honoured for his stance on radical economic transformation by a conglomerate of controversial black business bodies. The...

Google wants to match job-seekers to employment ads

A new job search experience is launching today in Kenya‚ Nigeria and South Africa. Google said: “For the first time‚ when someone uses their phone...

East London law firm celebrates fourth anniversary

Justice is at the heart of Stirk Yazbek Attorneys By NICOLETTE SCROOBY STIRK Yazbek Attorneys Notaries & Conveyancers is a boutique law firm specialising in civil...

Rand keeps steady after major Cabinet shake-up

The rand was largely steady on Tuesday morning‚ a day after President Cyril Ramaphosa revamped his Cabinet‚ which he hoped would steer the country...

The Gupta empire is crumbling‚ says OUTA

The once-powerful Gupta empire is collapsing‚ with at least eight businesses filing for business rescue‚ the Organisation Undoing Tax Abuse said on Friday. “It was...

Parliament committee worried about Optimum mine

Parliament’s portfolio committee on mineral resources has been asked to step in at the Gupta-owned Optimum coal mine in Mpumalanga‚ where workers have been...

Molefe awaiting court date for pension payout appeal

Former Eskom CEO Brian Molefe is waiting for a court date to determine whether he will be granted leave to appeal against an order...

VAT increase a first for the ANC

Finance Minister Malusi Gigaba has announced a one-percentage point increase in Value Added Tax‚ the first adjustment to taxation on goods and services under...

Budget 2018 at a glance

VAT is to increase by one percentage point to 15% from April 1 this year‚ to raise R22.9bn more for the fiscus. This and other...

R6-billion to be spent to tackle drought

Government has set aside R6-billion to tackle the drought situation in the Western Cape‚ the Eastern Cape and the Northern Cape. In his budget speech...

Shoe laundry steps into gap

The shoe doctor is open for business. After seeing an unusual gap in the market, unemployed Vuyani Mahlasela took the plunge and opened up...

Las Vegas trip well worth effort

It was an eye-opening experience for Eastern Cape businessman Max Mabhuti, who returned from Las Vegas last week where he was among the panel...

JSE opens higher as market awaits news on Zuma’s fate

The JSE opened firmer on Wednesday in cautious trade‚ as the market awaited local developments amid reports the Hawks have raided the Gupta compound‚...

Hawks raid Gupta home‚ businesses

The Hawks on Wednesday morning raided the Gupta compound in Saxonwold as part of its investigation into state capture. They have blocked off the road...

Despair over new BEE codes

Businesses have raised concerns following the sudden implementation of a newly amended B-BBEE construction sector code, which was gazetted by the Department of Trade...

The good news is the unemployment rate improved late last year. The bad news...

By Tammy Foyn and Sunita Menon South Africa’s unemployment rate improved in the fourth quarter‚ as might be expected for a quarter that usually brings...

Gupta-linked funds in Bank of Baroda should not leave SA: Outa

The Organisation Undoing Tax Abuse (Outa) has called on the SA Reserve Bank to ensure that Gupta-linked funds in the Bank of Baroda are...