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African Bank's failure affects every citizen

African Bank's failure affects every citizen

The dust has not yet settled on the African Bank saga but positive action has now been taken.

By Rob Jeffrey 17 Sep 2014 07:17

Ascendis concludes R50m transaction with WDBIH

Ascendis concludes R50m transaction with WDBIH

Ascendis Health has successfully concluded a R50m BEE transaction with WDB Investment Holdings Proprietary Limited (WDBIH).

17 Sep 2014 07:50

SABC loan paid in full says Faith Muthambi
SABC loan paid in full says Faith Muthambi

The South African Broadcasting Corporation (SABC) has repaid its government guarantee loan granted in 2009 following its financial woes, says Communications Minister Faith Muthambi.

18 Sep 2014 08:06

MTN bumps up its loan facilities
MTN bumps up its loan facilities

Major telecommunications company MTN has dramatically increased its borrowing ability‚ fuelling analysts' speculation that an acquisition may be on the cards.

By Samuel Mungadze 17 Sep 2014 10:37

E-tolls boycott hurts Gautrain's operations
E-tolls boycott hurts Gautrain's operations

More than R40bn has been spent but Gauteng transport chiefs are now coming to the realisation that the province's two flagship projects - the Gauteng Freeway Improvement Project and Gautrain - are not having the desired effect

17 Sep 2014 11:02

Denel, Aerosud sign deal with Airbus
Denel, Aerosud sign deal with Airbus

A three-way agreement between leading aircraft manufacturer Airbus and South African companies Denel Aerostructures and Aerosud Aviation has been finalised.

17 Sep 2014 11:34

DTI to put R1m into helping black filmmakers
DTI to put R1m into helping black filmmakers

A new incentive has been launched to support emerging black filmmakers that will nurture them to take-up big productions that will assist in the creation of jobs.

17 Sep 2014 07:24

Travel regulations for children are on hold
Travel regulations for children are on hold

The new requirement of an Unabridged Birth Certificate for all children travelling to and within South Africa's borders, as well as written permission to travel, has been postponed until June next year, says Home Affairs Minister Malusi Gigaba.

17 Sep 2014 07:58

Arthur Els and Genesis announce merger
Arthur Els and Genesis announce merger

Independent South African actuarial firms Arthur Els & Associates (AE&A) and Genesis Actuarial Solutions merged to form ARGEN Actuarial Solutions - two mid-tier specialist companies coming together to create one of the largest independent actuarial firms in Africa.

17 Sep 2014 08:22

Tax consequences on improvements on land under a sub-lease
Tax consequences on improvements on land under a sub-lease

The South African Revenue Service (SARS) was recently called upon to make a ruling on the income tax consequences for the lessor, lessee and the sub-lessee of land, arising from an obligation on the sub-lessee to effect improvements on the land under a sub-lease in circumstances where no express obligation for improvements was placed on the lessee by the main lease.

By Graeme Palmer 17 Sep 2014 07:54

New head of Financial Institution Ratings at GCR
New head of Financial Institution Ratings at GCR

Omega Collocott has been appointed as head of Financial Institution Ratings at Global Credit Ratings Co (GCR) with effect from 1 September 2014.

17 Sep 2014 07:39

Moneyweb dumps Melrose Arch offices
Moneyweb dumps Melrose Arch offices

Moneyweb Holdings will move to cheaper offices as part of efforts to cut costs, the listed Caxton unit said while announcing a R2.6m loss for its year ended June.

By Nick Hedley 16 Sep 2014 13:22

Cabinet approves further funding for Eskom
Cabinet approves further funding for Eskom

National Treasury has announced the approval of a package to support Eskom to ensure that the energy security of the country is maintained and GDP growth supported.

16 Sep 2014 09:26

Beneficiation needs favourable environment
Beneficiation needs favourable environment

The best way to promote beneficiation is to create a generally favourable environment for investment in manufacturing, Chamber of Mines Chief Operating Officer Roger Baxter said.

12 Sep 2014 06:02

Corrupt officials - 100 convictions sought
Corrupt officials - 100 convictions sought

Minister in the Presidency for Planning, Performance, Monitoring, Evaluation and Administration, Jeff Radebe, says government aims to achieve at least 100 convictions against people fingered for corruption in the public service.

11 Sep 2014 09:09

Gauteng residents able to speak out over e-tolls
Gauteng residents able to speak out over e-tolls

Gauteng residents will today, 11 September, get a chance to air their views on how e-tolls affect them, during representations to the Gauteng Advisory Panel on the socio-economic impact of e-tolls.

11 Sep 2014 08:54

Confidence in public financial literacy very low
Confidence in public financial literacy very low

A PPS survey, conducted among approximately 3,000 of South Africa's graduate professionals, recorded a confidence level of just 38% when respondents were asked how confident they were that the general public in South Africa have a good understanding of financial matters such as budgeting, saving, retirement and insurance.

11 Sep 2014 08:19

Family-owned businesses struggle to find financing
Family-owned businesses struggle to find financing

Although family businesses are responsible for 70% of global GDP, 58% of these businesses say they are currently seeking external financing to fund their investment plans, but their fundraising options are limited.

11 Sep 2014 09:01

Understanding cyber-criminals is key to prevent attacks
Understanding cyber-criminals is key to prevent attacks

Understanding how cyber-criminals operate and the techniques they use is key to preventing attacks. But how do we do that when cyber-crime evolves seemingly by the minute and new threats emerge daily?

By William Lawrence 11 Sep 2014 08:14

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