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Business News 18.5.2017 12:03 pm

This is not the time to panic, says FNB

Themba Mabizela, FNB’s business head for Gauteng South and Central says there are better things to do than panic at a time like this.

South Africans can hardly turn on their phones without being bombarded with updates about the next step in the economy’s apparent race to the bottom. What a relief then to hear a voice saying: Now is not the time to panic!

This is not the time to panic, says FNB
This is not the time to panic, says FNB

This is not the time to panic, says FNB

Themba Mabizela, FNB’s business head for Gauteng South and Central says there are better things to do than panic at a time like this.

Business incubator hub to be launched in Braamfontein
Business News

Business incubator hub to be launched in Braamfontein

The digital hub is aimed at assisting startup businesses and to foster entrepreneurship.
Lynne Brown implicated in Gupta-Eskom deal – report
Business

Lynne Brown implicated in Gupta-Eskom deal – report

The minister reportedly misled parliament last year about contracts between Eskom and Trillian Capital Partners.
Stuttafords shuts stores as rescue prospects grow dim
Business News

Stuttafords shuts stores as rescue prospects grow dim

Its survival hinges on another amended rescue plan.
Is it too late to rein in soaring healthcare costs?
Business News

Is it too late to rein in soaring healthcare costs?

Why private healthcare fees are soaring, what industry says and how medical aid members can cut costs.
SA is on notice – Peter Leon
Business News

SA is on notice – Peter Leon

Protectionist SA risks damaging trade relationships.
Why Lynne Brown might be cooking up a storm
Business News

Why Lynne Brown might be cooking up a storm

Startling statements were made when defending the Molefe move.
Fitch ‘very concerned’ situation in South Africa not improving
Business News

Fitch ‘very concerned’ situation in South Africa not improving

Fedusa general-secretary Dennis George told Reuters that Fitch said it was also worried about the lack of progress in reforming state firms.
Zwane dodges questions on Ramatlhodi’s damning claims
Business

Zwane dodges questions on Ramatlhodi’s damning claims

Minister says Ramatlhodi should answer on the allegations, not him, while the Eskom chair has called the claims ‘preposterous’.
Mobile voice prices have halved since 2013
Business News

Mobile voice prices have halved since 2013

And, voice calls are not dead… not anywhere close!
PWC report reveals how Tegeta’s Brakfontein coal agreement with Eskom was stillborn
Business News

PWC report reveals how Tegeta’s Brakfontein coal agreement with Eskom was stillborn

Eskom didn’t even perform combustion test before contract was signed.
Gigaba calls on white businesses to help transform economy
Business

Gigaba calls on white businesses to help transform economy

The finance minister says there are high concentrations of wealth exclusively based on race, gender and class in the country.
Former mining minister makes astounding allegations against Molefe and Zuma
Business

Former mining minister makes astounding allegations against Molefe and Zuma

How political pressure helped the Guptas acquire Optimum coal mine, according to new revelations.
Brian Molefe ‘too young for early retirement’
Business News

Brian Molefe ‘too young for early retirement’

Resignation was accepted, confirmed, acted upon, court told.
Astral Foods feels pain from new brine regulations
Business News

Astral Foods feels pain from new brine regulations

It becomes the first casualty from regulations that limit the controversial practice of injecting salt water into frozen chicken.
Eskom board failed in its duties, says Manuel on Molefe’s reinstatement
Business News

Eskom board failed in its duties, says Manuel on Molefe’s reinstatement

‘Absolutely no way’ that contributions could have justified a R30m pension, says former finance minister.
Treasury gets acting boss after Fuzile Lungile’s departure
Business

Treasury gets acting boss after Fuzile Lungile’s departure

Mogajane is appointed in an acting capacity while the department embarks on a process to fill the post.
Star Alliance offers travellers chance to win a million air miles
Business

Star Alliance offers travellers chance to win a million air miles

The competition runs until July 31, and all 21 Star Alliance member programmes are participating.
Eskom won’t shut power stations, says Molefe after dancing back to work
Business

Eskom won’t shut power stations, says Molefe after dancing back to work

WATCH VIDEO: ‘Papa Action’ given a rousing welcome by Eskom staff upon his return.
Eskom demands R6.2bn from Mpumalanga pastor
Business

Eskom demands R6.2bn from Mpumalanga pastor

This latest case adds to other controversial cases billionaire pastor Ramesh ‘I resurrected my son’ Joe Singh, has been linked to.
Molefe set to open Africa Utilities Week
Business

Molefe set to open Africa Utilities Week

Sparks are likely to fly at this conference, and not just from the electricity.
Vodacom to spend R35bn on Safaricom stake
Business

Vodacom to spend R35bn on Safaricom stake

The telecommunications company says the investment will ‘further enhance Vodacom as a leading African mobile communication company’.
Sanlam forks out $329m to increase stake in Morocco insurance group
Business

Sanlam forks out $329m to increase stake in Morocco insurance group

The South African financial services group said the transaction was funded from internal cash resources.
Fallout from nuclear judgement exposes renewables
Business

Fallout from nuclear judgement exposes renewables

Government to cure flaws, restart nuclear procurement.
Angry ANC summons Brown … Eskom board in firing line over Molefe debacle
Business

Angry ANC summons Brown … Eskom board in firing line over Molefe debacle

Public enterprises minister reportedly told to ‘rescind Molefe’s rehiring or dissolve the board’.
Energy minister says it’s far from over for nuclear deal
Business

Energy minister says it’s far from over for nuclear deal

Government isn’t giving up – it’s just planning to make a future deal harder to challenge in court.