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Tag Archives: Active

DA losing support because of Zille: report

DA losing support because of Zille: report

Helen Zille’s media comments on colonialism has led to a drop in support for the Democratic Alliance according to a report by City Press, citing internal polling.

General - By Staff Writer | 28 May, 2017
Spur is making a mistake by not listening to boycotters: Solidarity head

Spur is making a mistake by not listening to boycotters: Solidarity head

Solidarity head, Dirk Hermann has tried to set the record straight regarding reports that the union was endorsing or leading a boycott against Spur restaurants, saying that he was simply voicing the ‘unheard’ views of Spur customers.

Business - By Staff Writer | 26 May, 2017
Mandisa Maya appointed as first-ever woman president of the SCA

Mandisa Maya appointed as first-ever woman president of the SCA

President Jacob Zuma has appointed Mandisa Muriel Lindelwa Maya as the president of the Supreme Court of Appeal with immediate effect.

Government - By Staff Writer | 26 May, 2017
DStv Media Sales hit with R180 million fine for price fixing

DStv Media Sales hit with R180 million fine for price fixing

DStv Media Sales has been fined R180 million for price fixing and for the fixing of trading conditions in contravention of the Competition Act.

Media - By MyBroadband | 25 May, 2017
Mteto Nyati buys R600,000 in shares at Altron

Mteto Nyati buys R600,000 in shares at Altron

New Altron CEO, Mteto Nyati, has spent R613,635 to acquire 55,000 shares in the listed ICT group at a price of just over R11 each.

IT Services - By Staff Writer | 25 May, 2017
Jasco to buy majority stake in FTTH business for R40 million

Jasco to buy majority stake in FTTH business for R40 million

Jasco Electronics is set to acquire 51% of IT company, Reflex, for R39.78 million as part of a sale of shares agreement with owner Greg Wilson.

IT Services - By Staff Writer | 25 May, 2017
SARB leaves repo rate unchanged

SARB leaves repo rate unchanged

Aligning with what many analysts and economists predicted, the South African Reserve Bank has left the repo rate unchanged at 7%.

Finance - By Staff Writer | 25 May, 2017
Edcon appoints former Massmart chief as new CEO

Edcon appoints former Massmart chief as new CEO

Struggling retailer Edcon has appointed former Massmart chief, Grant Pattison, as its Group CEO, starting February 2018.

Business - By Staff Writer | 25 May, 2017
Old Mutual details its business split and plans for fresh IPO

Old Mutual details its business split and plans for fresh IPO

Old Mutual chief executive, Bruce Hemphill, has provided an update on the managed separation of the group’s businesses – including the split into two new entities, and how they will be compiled.

Banking - By Staff Writer | 25 May, 2017
Spur boycott affecting a minority of our branches – CEO

Spur boycott affecting a minority of our branches – CEO

The calls for boycotting certain Spur franchises will hit the owners and employees of those branches the hardest, the corporation’s CEO says.

Business - By News24Wire | 25 May, 2017
Net1 CEO to retire after state grant controversy

Net1 CEO to retire after state grant controversy

Net1 have announced that company founder, Serge Belamant, will retire from his position of CEO and a director of the company.

Business - By Staff Writer | 25 May, 2017
City of Tshwane suspends dodgy R35 million contract

City of Tshwane suspends dodgy R35 million contract

The City of Tshwane has suspended a dodgy contract worth R35 million in the municipality, after whistle blowers approached civil action group, Outa, with a bounty of data around the company involved.

Business, Government - By Staff Writer | 24 May, 2017
Eskom chair and wife in ‘sham’ documents court case

Eskom chair and wife in ‘sham’ documents court case

Liquidators appointed to wind up a mining company owned by Eskom chair Ben Ngubane and wife Sheila are pressing ahead with a court application in which they accuse the couple of using “sham” documents to personally lay claim to the lucrative mining rights.

Energy - By News24Wire | 24 May, 2017
Top Cape Town hotel closes swimming pool amid water crisis

Top Cape Town hotel closes swimming pool amid water crisis

The Radisson Blu Hotel Waterfront has closed its swimming pool due to the proposed level 4 water restrictions from the City of Cape Town.

Wealth - By Staff Writer | 24 May, 2017
Inflation drops to 5.3% for April 2017

Inflation drops to 5.3% for April 2017

Annual consumer price inflation was 5.3% in April 2017, down from 6.1% in March 2017, Stats SA announced on Wednesday. The consumer price index increased by 0.1% month-on-month in April 2017. Food and non-alcoholic beverages decreased from 1.5 percentage points in March to 1.1 percentage points in April. The index increased by 6.7% year-on-year. Transport […]

Finance - By Staff Writer | 24 May, 2017
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