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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.
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.
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.
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.
Oakbay loses head of audit committee
Business News

Oakbay loses head of audit committee

The independent nonexecutive director and chairman of the audit committee has resigned with effect June 10.
Long overdue improvements to Sars’s dispute resolution process introduced
Business

Long overdue improvements to Sars’s dispute resolution process introduced

But concerns about change to late submissions of disputes.
Shoprite’s repurchase of Whitey Basson’s shares ruffles shareholders
Business News

Shoprite’s repurchase of Whitey Basson’s shares ruffles shareholders

Questions surface about whether the company disclosed the R1.8 billion repurchase.
Davies on a mission to market SA business to Arabs
Business News

Davies on a mission to market SA business to Arabs

The UAE is South Africa’s largest export partner in the region.
Tharisa splashes R300m on mining fleet, converts to owner-operator model
Business News

Tharisa splashes R300m on mining fleet, converts to owner-operator model

The company says it will purchase certain existing equipment, strategic components, site infrastructure and spare parts from MCC Contracts Proprietary.
KPMG acquires fintech matchmaker
Business News

KPMG acquires fintech matchmaker

The Matchi platform includes more than 700 curated fintech solutions and a database of more than 2 500 fintech companies.
5 years and R6bn for Sassa to take over grant payments
Business

5 years and R6bn for Sassa to take over grant payments

‘Come 2018, there won’t be CPS’ – Sassa CEO, Thokozani Magwaza.
So what if a bridge collapses on the M1?
Business News

So what if a bridge collapses on the M1?

Inquiry stalls without any apparent reason.
SAA appoints new CFO
Business News

SAA appoints new CFO

Phumeza Nhantsi, who is a chartered accountant, has extensive experience in the financial services and aviation arena.
Eskom’s contract with Tegeta drafted in rush, flouted rules – auditing firm
Business News

Eskom’s contract with Tegeta drafted in rush, flouted rules – auditing firm

A deputy director-general and acting chief procurement officer pointed out PwC commented the contract appeared to have been ‘copied and pasted’ from other contracts.
Dear Nersa, we cannot comply – Eskom
Business News

Dear Nersa, we cannot comply – Eskom

Information requirements for tariff application ‘cannot be met’.
Gigaba grilled on views of advisor Chris Malikane
Business News

Gigaba grilled on views of advisor Chris Malikane

‘The opinions of the advisor are not the opinions of the minster.’
Redefine Properties: Sticking by South Africa
Business News

Redefine Properties: Sticking by South Africa

As the downgrade to junk and political uncertainty prompts companies to go on an investment strike.
More than 70% of middle class has financial flu
Business

More than 70% of middle class has financial flu

Short-term debt biggest source of stress – 2017 Sanlam Benchmark survey.