Business

Mystery of the EPP’s ‘astonishing’ mistake

[ad_1] Buthelezi said he sent a quote for R87m. “Then I get an engagement letter [of] R873m. So I look at this, I’m not impressed anymore. “The number is staggering and business-friendly. But I couldn’t understand the numbers because we were talking about a few hundred thousand to a million …

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Government to help fund SAA rescue

[ad_1] The South African government will provide seed funds to cover certain restructuring costs for the country’s insolvent airline, Public Business Minister Pravin Gordhan said. South African Airways needs around R10.5 billion ($ 650 million) to restart. Funds are needed for workers’ compensation packages, to pay creditors and cover operating …

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Southern Kings company enters voluntary liquidation

[ad_1] SA Rugby President Mark Alexander during the South African national rugby team arrival press conference at OR Tambo International Airport on November 5, 2019 (Photo by Sydney Seshibedi / Gallo Images) The Southern Kings franchise has been put into voluntary liquidation. Currently, the franchise has debts of 55 million …

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Gordhan: SA government will provide seed funding for SAA

[ad_1] SAA needs around R10.5 billion to restart. (Yunus Mohamed / Photo24) The government will provide seed funds to cover certain restructuring costs for SAA, says Public Enterprise Minister Pravin Gordhan. SAA needs around R10.5 billion to restart, for workers’ compensation packages, to pay creditors and cover operating costs. Ethiopian …

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An additional buyback rate cut will be discussed at the next MPC

[ad_1] By Siphelele Dludla September 18, 2020 Share this article: SharecheepShareShareShareE-mailShare JOHANNESBURG – The South African Reserve Bank on Thursday left the door open for a final rate cut before Christmas after two members of the Monetary Policy Committee (MPC) voted in favor of a 25 basis point rate cut. …

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