Christo Wiese resigns as Steinhoff chairman
Christo Wiese resigns as Steinhoff chairman

South African billionaire, Christo Wiese, has resigned as chairperson of Steinhoff's supervisory board in the midst of an accounting scandal that has left the retail group's reputation in tatters.

22 hours ago

IRBA to crack down on errant auditors
IRBA to crack down on errant auditors

First KPMG, then Steinhoff. This has been the year in which the underbelly of the auditing professional has been exposed and been ajudged wanting. The Independent Regulatory Board for Auditors (IRBA) has therefore announced it will be changing its approach to sanctions and penalties to bring sanctions in line with local and international regulators.

22 hours ago

Claims against Steinhoff uncover revolving tangle of dodgy deals
Claims against Steinhoff uncover revolving tangle of dodgy deals

The Steinhoff International management stands accused of cooking the books to hide losses and inflate earnings. But what exactly might it have done and how?

By Hanna Ziady 1 day ago

Cash payments still rule informal trade
Cash payments still rule informal trade

According to Mastercard research, around 96% of transactions are still conducted in cash among South Africa's 1.5 million informal enterprises, despite strong interest in digital and card payments by consumers.

2 days ago

Photo: TimesLive
If convicted, directors could be fined R1m each or be imprisoned for 10 years

Embattled Steinhoff executives face hefty prison sentences and fines if allegations of multibillion-dollar accounting fraud are proven true.

By Graeme Hosken and Katharine Child 2 days ago

Naspers makes cutting its stock's discount a priority
Naspers makes cutting its stock's discount a priority

Naspers was taking measures to reduce its stock's significant discount to fair value, largely the result of capital outflows from SA, CEO Bob van Dijk told investors in New York on Tuesday.

By Nick Hedley 2 days ago

Own space on the biggest multi-industry B2B news site in Africa?
Own space on the biggest multi-industry B2B news site in Africa?

Location, location, location - a real estate term used to describe the benefits of a property investment is as relevant in the online media space.

Issued by Bizcommunity.com 2 days ago

Photo: M-Kopa
Off-grid power goes mainstream for financing

Since a large portion of Africa's population lives in remote areas, receiving power from the grid could still be decades away, so off-grid energy solutions have the potential to provide much of these marginalised rural population with access to affordable electricity.

2 days ago

Bernard Agulhas, Irba CEO
Inquiry into KPMG runs into secrecy problems

An investigation into possible wrongdoing by auditing firm KPMG in its report on the South African Revenue Service (Sars) "rogue unit" and its author, Johan van der Walt, could grind to a halt over restricted documents.

2 days ago

New breed of leaders wanted throughout Africa to harness impact investment
New breed of leaders wanted throughout Africa to harness impact investment

The hunt for professionals who can successfully lead and grow companies with a dual mandate of economic and social returns is on throughout Africa. As well as deal-makers and fund managers who can recognise and realise value for the private equity, venture capital and debt funds who invest in these companies.

2 days ago

57 million riders, drivers affected by Uber breach
57 million riders, drivers affected by Uber breach

Global transportation technology company Uber Technologies has admitted it suffered a breach that saw hackers stealing the personal information of approximately 57 million customers and drivers.

By Simon Campbell-Young 3 days ago

Judges for insurance journalism awards announced
Judges for insurance journalism awards announced

LAGOS, Nigeria: Leading Pan African reinsurance firm, Continental Reinsurance Plc has today announced the judging panel for its third Pan African Re/Insurance Journalism Awards.

11 Dec 2017

More than just beaches and sunshine, Mauritius is investment friendly too
More than just beaches and sunshine, Mauritius is investment friendly too

Mauritius may be perceived as the island of sugar cane and beaches, but since independence in 1968, this African country has focused its attention on innovation and development to create an investor friendly environment.

11 Dec 2017