Business

Engen refinery is ready to close

[ad_1] 8h ago Share this article: SharecheepShareShareShareEmailShare By Shirley le Guern Durban – The Engen (Enref) oil refinery is expected to close its doors in 2023 and the facility could become a fuel storage facility for imported products, according to sources close to the refinery. The refinery’s suppliers, who did …

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The carousel casino is for sale

[ad_1] Carousel casino The Carousel Casino, one of the oldest and most popular casinos in South Africa, is up for sale after its permanent closure in April this year. According to Galetti Corporate Real Estate, the property for sale consists of 369 apartments, 57 hotel rooms, 582 hectares of land …

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is running out of money

[ad_1] Data released this week by the Tax Service of South Africa (SARS) shows that South Africa had trouble collecting taxes, even before the Covid-19 pandemic hit. Tax revenue collection has been below expectations for some time, compounded by the fact that the country is in a deep recession. Debt …

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Truter, ‘haunted’ VBS exec, sentenced to seven years

[ad_1] The former CFO of VBS, who received R5 million of the R2.5 billion allegedly looted from the mutual bank, will spend seven years in prison. On Wednesday, Phillip Truter pleaded guilty to fraud, corruption, extortion, theft and money laundering in Palmridge’s business crimes court. He also agreed to help …

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