[Paul Vecchiatto] The Gauteng e-tolling saga appeared to be reaching some kind of head this week with the downgrading of the bonds used to finance the R20bn project and the appointment of a high level committee by Cabinet.
7 May 2012 10:26According to a
Business Live report, some companies are likely to ditch e-mails in favour of social networking sites to forge closer ties with customers and partners, which quotes the IBM CEO study of 1 700 chief executives from 64 countries.
23 May 2012 15:57
South African businesses are either putting off their investment decisions or investing in foreign countries according to Grant Thornton's first quarter survey and
Business Live says that government incompetence and inefficiency is the main reason for the lack of confidence.
18 May 2012 09:00
Preliminary estimates indicated that R500bn would be required for the construction of the Gauteng-to-Durban corridor, of which an estimated R100bn would be needed for the development of the port precinct, Transport Minister Sbu Ndebele said in Parliament late last week.
30 Apr 2012 07:57
The Department of Communications is confident it can successfully "kick-start" the rollout of digital terrestrial television (DTT) despite the funding shortfalls experienced by some of its key entities.
30 Apr 2012 07:48
In an open letter to President Jacob Zuma, the Federation of Unions of South Africa (Fedusa) says it has referred the issue of tolling prices, and how they are calculated, to the Competition Commission. Fedusa is seeking an urgent meeting with the president to discuss the issue.
23 Apr 2012 14:12With the petrol price increasing for the fourth time in 2012 to reach another record high, many motorists may consider forming a car pooling group in an effort to reduce costs associated with daily travelling. However, they could be placing themselves at risk of a motor insurance claim repudiation if they are not aware of the insurance considerations when it comes to car pooling activities.
2 May 2012 10:12
Fin24 reports that R1,15bn belonging to investors in Cash Managed Funds (CMF) and ten other companies has allegedly been blown by Corporate Money Managers (CMM), and that the curators of the company - and ten others - are trying to recover money for people who invested in CMF.
30 Apr 2012 11:55
[Linda Ensor and Natasha Marrian] The South African National Roads Agency (Sanral) will meet its financial obligations for the next six months, but only by making "huge sacrifices" and jettisoning projects, the Treasury warns.
9 May 2012 13:46Independent research by leading local financial website, ThinkMoney, has confirmed that Capitec Bank offers South Africa's lowest bank charges.
23 Jun 2009 14:45
The government was warned in 2010 that collection costs for the controversial e-toll system would be considerably higher than a petrol levy or tax,
Beeld newspaper reported on Monday.
22 May 2012 12:25
The manufacturing sector is to get a R5.75bn injection over six years from the Department of Trade and Industry to help factories become more competitive in the increasingly difficult global economic environment.
15 May 2012 13:06
[Paul Vecchiatto] Finance Minister Pravin Gordhan says that the facts around the R20bn Gauteng e-tolling saga will be presented to Parliament.
21 May 2012 11:02