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Transnet’s R8 billion Chinese train contract under fire: report

Transnet’s R8 billion Chinese train contract under fire: report

A Transnet contract worth almost R8 billion for new Chinese-manufactured locomotives has come under fire after the first two trains are yet to become operational.

Business - By Staff Writer | 23 January, 2017
This is the new way government determines the BEE score of tender bids

This is the new way government determines the BEE score of tender bids

New Government regulations officially outline the weighting of “best price” vs BEE status when awarding contracts.

Business - By Staff Writer | 23 January, 2017
5 things you need to know in South Africa today

5 things you need to know in South Africa today

National Treasury hits back at the Guptas’ claims that finance minister Pravin Gordhan is trying to ruin them; fake news accounts hit SA social media – and political groups may be behind it; and public enterprises minister Lynne Brown wants the Gupta-Eskom relationship investigated.

Business, Finance, Government - By Staff Writer | 23 January, 2017
SA labour law is surprisingly lax on employees being drunk at work

SA labour law is surprisingly lax on employees being drunk at work

It should go without saying: you shouldn’t be drunk at work. But contrary to popular belief, it takes more than just being under the influence of alcohol to be dismissed in South Africa.

Business - By Staff Writer | 22 January, 2017
Zuma gets radical – talks up “shock” economic transformation policies: report

Zuma gets radical – talks up “shock” economic transformation policies: report

President Zuma has reportedly instructed ANC policymakers to introduce stringent new laws on South Africa’s financial institutions, forcing them to sell stakes to black investors as the party plans a complete rework of its economic transformation policies.

Business, Government - By Staff Writer | 22 January, 2017
‘Flawed, abusive political conspiracy’ – why the Guptas think Gordhan’s court bid should be dropped

‘Flawed, abusive political conspiracy’ – why the Guptas think Gordhan’s court bid should be dropped

The Gupta family has issued a statement ahead of filing court documents, effectively calling finance minister Pravin Gordhan’s bid to absolve him from getting involved in their spat with the banks a waste of time.

Business, Government - By Staff Writer | 20 January, 2017
Gigaba to take on SA’s richest family over exclusive 7-star airport and claims of Gupta influence

Gigaba to take on SA’s richest family over exclusive 7-star airport and claims of Gupta influence

Home affairs minister Malusi Gigaba will take on South Africa’s richest family as the court case over OR Tambo’s exclusive seven-star “Fireblade” airport terminal heats up.

Business - By Staff Writer | 20 January, 2017
5 things you need to know in South Africa today

5 things you need to know in South Africa today

A cabinet reshuffle may be coming soon – and some want Gordhan to go; a new report indicates that the Public Protector may have misinterpreted information around the Absa apartheid bailout; and the Guptas will file their answer to allegations of R7 billion in questionable payments in court today.

Business, Government - By Staff Writer | 20 January, 2017
Why abusing your sick leave is a terrible idea – and what you should do instead

Why abusing your sick leave is a terrible idea – and what you should do instead

Owing to the fact that sick leave is fully paid, and the employer is obliged to pay out the employee’s full monthly salary on the usual pay day, sick leave abuse remains rife in many workplace environments.

Business - By Staff Writer | 19 January, 2017
Absa report leak was political: Cope

Absa report leak was political: Cope

The leaking of the report into Bankorp’s (now Absa) apartheid-era loan is intended to divert attention from former public protector Thuli Madonsela’s State of Capture report, Cope said on Wednesday.

Business - By News24Wire | 19 January, 2017
New call for investigation into all apartheid government corruption

New call for investigation into all apartheid government corruption

The Institute for Justice and Reconciliation has called for a commission of inquiry into the broader issue of corruption in South Africa during apartheid.

Business - By Staff Writer | 18 January, 2017
How government can turbo-charge South Africa’s growth

How government can turbo-charge South Africa’s growth

The government has the opportunity to rev-up much needed economic growth in South Africa by creating a stable political environment and the right policies for small businesses.

Business - By News24Wire | 18 January, 2017
5 things you need to know in South Africa today

5 things you need to know in South Africa today

A leaked report from the SABC ad-hoc committee says it wants to claw back R5 billion from the broadcaster; a key witness in the Absa apartheid-era state looting report says he was misquoted; and some South Africans want Steve Hofmeyr to talk to Donald Trump about white genocide in SA.

Business, Finance, Media - By Staff Writer | 18 January, 2017
Trust in government crumbles as South Africans call for change: survey

Trust in government crumbles as South Africans call for change: survey

The South African government has been named as the leadership least trusted by its people, in a recent survey conducted by the world’s largest public relations firm, Edelman.

Business - By Staff Writer | 17 January, 2017
5 things you need to know in South Africa today

5 things you need to know in South Africa today

Zuma is considering appointing Dlamini-Zuma to cabinet when she leaves the AU at the end of January; Ford’s Kuga recall will be in two phases; Thuli Madonsela weighs in on the Absa state looting report; and the ‘Gupta Bank’ still has one more hurdle – Pravin Gordhan.

Business, Finance, Government - By Staff Writer | 17 January, 2017
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