Business

[ad_1] Former Eskom board chairman Zola Tsotsi told the state capture commission on Wednesday that his dramatic resignation in 2015 was premeditated by his colleagues who were colluding with then-public business minister Lynne Brown. Tsotsi was wrapping up two days of testimony in which she uncovered how the Gupta family …

[ad_1] South African President Cyril Ramaphosa said consensus is emerging on a plan to revive an economy mired in the worst recession since 1992. The proposals should be finalized within three weeks and the government will move to implement them, Ramaphosa said in an online briefing for the South African …

[ad_1] Sanlam reported on Thursday (September 10) a big drop in earnings for the six months ending June 2020 as the group struggled through its most challenging period in its history, caused by the global coronavirus pandemic. “This has been the most incredibly difficult period, probably the most challenging in …

[ad_1] South Africa will face a precipitous economic and political collapse by 2030 unless it changes its economic model and implements pro-growth policies, according to Eunomix Business & Economics Ltd. Using a variety of measures, the Johannesburg-based political and economic risk consultancy forecasts that the country will rank near the …

[ad_1] Markings on the offending batch of Liqui-Fruit cans. Photo: Pioneer Foods Cans of LiquiFruit red grape juice were recalled last week amid fears the drinks contained pieces of glass. But the “glass” was actually crystals of potassium bitartrate, a natural substance in products made from grapes. Still, the company …

[ad_1] Defense Minister Nosiviwe Mapisa-Nqakula PHOTO: Daan Vivier, Netwerk24 SANDF has defended the use of an air force jet by an ANC delegation that traveled to Harare. They said Defense Minister Nosiviwe Mapisa-Nqakula was on official duty and allowed her ANC colleagues to travel. The party sent a delegation to …

[ad_1] The minister said on Wednesday that while the right to protest was protected in South Africa, the police could not allow damage to property. EFF members protest outside a Clicks store in the Sandton City shopping center in Johannesburg on September 7, 2020. Image: Kayleen Morgan / EWN JOHANNESBURG …

[ad_1] PCS is just one entity within the Paramount group, a network of companies with global reach whose core business is the manufacture and supply of weapons. (Photo: Twitter / @ ParamountGroup1) amaBhungane has appealed to the high court urgently to access a ‘section 417’ investigation into the collapse of …

[ad_1] The EFF said the ad has racist overtones and called for those who approved it to be fired. It disrupted operations at several Clicks stores across the country. Several Clicks stores were damaged by the riots. Clicks had to obtain a court injunction to prohibit EFF protesters from intimidating …

[ad_1] Shoprite’s central warehouse in Cape Town. Photo: Andrew Thompson Shoprite’s share price has soared nearly 22% in two days, after the company reported strong annual results. Sales in South Africa grew by almost 9%, with ladies in particular taking market share, probably from Pick n Pay. Across the group, …