Business

Court orders liquidation of VBS
Court orders liquidation of VBS
Beleaguered VBS Mutual Bank was liquidated on Tuesday following a court order by the high court in Pretoria.
Court papers show Transnet execs 'colluded fraudulently'
Court papers show Transnet execs 'colluded fraudulently'
Court papers filed by Transnet to recover R189-million in inflated payments from Gupta-linked Regiments Capital have revealed collusion by senior...
South Africa is set on fixing its economy. But will poor people benefit?
South Africa is set on fixing its economy. But will poor people benefit?
President Cyril Ramaphosa has been working hard to improve South Africa’s economic situation. 
SAA seeks to allay shutdown fears
SAA seeks to allay shutdown fears
Cash-strapped national carrier South African Airways (SAA) on Sunday assured customers and suppliers that it would not be “shut down or sold”....
Explainer: Lessons from the collapse of VBS
Explainer: Lessons from the collapse of VBS
The South African Reserve Bank placed VBS, a small mutual bank, under curatorship in March this year against a backdrop of a serious liquidity...
African Investment Forum seals 80% of targeted deals
African Investment Forum seals 80% of targeted deals
Close to 80% of the investment ready deals that were being negotiated in the boardrooms of the Africa investment Forum have been signed.
Sports minister challenges private sector to ‘step up’
Sports minister challenges private sector to ‘step up’
Minister of Sports Tokozile Xasa has challenged the private sector to increase its investment in sports beyond meeting corporate social investment...
Multibillion dollar investments to be revealed at Africa Investment Forum
Multibillion dollar investments to be revealed at Africa Investment Forum
The Africa Investment Forum (AIF) is set to close on Friday where the real extent to which investors have backed African investment will be...
Haemorrhaging RAF staggers along
Haemorrhaging RAF staggers along
Nearly R2 out of the almost R17 paid for every litre of fuel, a levy which has increased by more than 300% in the past 10 years, now goes directly...
Steinhoff class action is payback
Steinhoff class action is payback
Many Steinhoff shareholders who lost close to R200-billion when the global furniture empire was shown to be little more than smoke and mirrors want...
China’s lending spree needs scrutiny
China’s lending spree needs scrutiny
Over the past 15 years, China has fuelled one of the most dramatic and geographically far-reaching surges in official peacetime lending in history....
Climate change Bill needs to be strengthened
Climate change Bill needs to be strengthened
South Africa, like the rest of world, cannot and does not deny the negative effects of climate change. The Climate Change Bill, published on June...
Will the new scheme fix the broken one?
Will the new scheme fix the broken one?
“It’s very disruptive to be working, and then the sheriff of the court arrives to take your chair, leaving you sitting on a dustbin to finish...
Tax dodgy Chevron targeted
Tax dodgy Chevron targeted
Tax evasion and avoidance by multinationals have been identified for decades as prime contributors to continuing global inequality.

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