Latest News & Developments
financially distressed company
‘They scammed us’: Gauteng tuckshop owners angry as R100 million Kasi Mnotho Fund fails to deliver its promises
“They lied to us and took the money that was supposed to help grow our businesses. This whole thing is a scam,” said Motaung.
South Africa’s minimum wage earners struggle amid high costs of living
“I thought having a job would bring financial stability, but, it has brought nothing but a constant struggle to make ends meet,” said Mukwebo.
Ramaphosa amends Companies Act to address wage inequalities in industry
There a big changes coming for South African businesses and how much they pay their different employees.
Ready to hire! SAA looking for new CEO and four other executive leaders after Takatso deal collapses
South African Airways (SAA) has opened applications to fill five key executive leadership positions, including the role of chief executive, as the airline tries to maintain some stability after the collapse of the Takatso deal fell through.
Public Enterprises denies it is refusing to hand over SAA documents
The Department of Public Enterprises said it has not withheld any documents on the sale of SAA.
As a business representative you might be held liable by Sars for company's tax debts
Section 155 of the Tax Administration Act specifies that Sars can deem you, as the representative taxpayer, responsible if, in their judgment you dispose of any assets that could have been used to pay off the tax debts.
Words on Wealth: How BHI scam differed from legal collective investments
What’s odd about his “investment” was that the returns were fairly pedestrian – circulating news reports put the figure at about 13% a year since the 2008 financial crisis.
Transnet CEO Portia Derby has quit amid crisis at company
Cosatu said the crisis at Transnet was threatening 35,000 jobs in the mining sector and called on President Cyril Ramaphosa to take swift action.
Toshiba prepares for $14bn deal to go private
Toshiba said a previously announced scheme to take the troubled Japanese conglomerate private in a deal worth around $14 billion (R260bn) will launch on Tuesday.
WATCH: Shinzo Abe a visionary leader, African Development Bank president Adesina says
It is to Shinzo Abe’s credit that the term “quality infrastructure” was coined and mainstreamed into the global financing of infrastructure by the G20, he said.
Treasury gives the poorly run Lekwa Municipality three years to get its finances in order after publishing financial recovery plan
Lekwa is technically insolvent as its liabilities exceeds its assets by R741 million, mainly due to arrears Eskom and Rand Water debt.
SAA subsidiaries get R2. 7bn funding lifeline
Treasury yesterday tabled a Special Appropriation Bill to Parliament showing that it will make R2. 7 billion available to SAA’s subsidiaries.