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Bank governor Lesetja Kganyago noted that high levels of economic uncertainty persist, as Russia’s continues to wage war on Ukraine. (Moeletsi Mabe/Gallo)
BUSISIWE MKHWEBANE

Kganyago again slams Public Protector in speech on central bank independence

The Reserve Bank governor was in Washington to deliver a speech on central bank independence at the Peterson Institute for International Economics

  • Jan Cronje
2 min read
Survé told the commission that this was the fault of media competitors who sabotaged the listing of Sagarmatha Technologies and “blatantly put negative propaganda in the public space”. (Lerato Maduna/Gallo)
DAN MATJILA

Survé compares Sagarmatha to Uber, says it would have been valued at $10bn

Iqbal Survé, on Tuesday claimed that bad press from rival media houses scuppered the listing of Sagarmatha Technologies on the JSE and the NYSE

  • Jan Cronje
  • Sibongile Khumalo
3 min read
Iqbal Survé’s Sekunjalo Investment Holdings denies it owes the PIC more than R1-billion it used to acquire the media group. (Delwyn Verasamy/M&G)
AYO TECHNOLOGY SOLUTIONS

Survé set to testify at PIC inquiry

Survé is expected to testify after Kuben Naidoo, the deputy governor of the South Africa Reserve Bank

  • Jan Cronje
  • Sibongile Khumalo
2 min read
On Monday, the inquiry — chaired by Deputy Chief Justice Raymond Zondo — continued with evidence from Gert Opperman, a coal supply unit manager at the power utility.
COAL

Eskom ‘misled’ treasury over multi-billion rand Gupta contract

According to testimony before the Zondo commission, Eskom appears to have misled treasury about the quality of coal from a Gupta-owned coal mine

  • Jan Cronje
2 min read
STAR had also, through its subsidiaries, provided loans to directors and key management personnel in terms of the Pepkor Management Investment Scheme via an entity called Business Ventures Investments.
JAN CRONJE

JSE fines Pepkor Holdings R5m for breaches of listing requirements

The JSE says the company had not disclosed certain financial information about loans in its pre-listing statement

  • Jan Cronje
2 min read
PP Busisiwe Mkhwebane found that the allegation that Gordhan violated the Executive Code of Ethics by deliberately misleading Parliament through failing to disclose that he met a member of the Gupta family was “substantiated”.(Madelene Cronje)
AGENCY

Public Protector subpoenas Gordhan over case dropped in 2016

PP investigation will focus on the early retirement of former Sars official Ivan Pillay and his subsequent re-employment by the tax agency

  • Jan Cronje
3 min read
The retailer’s stock is still down by over 95% from where it was before news of Markus Jooste’s resignation reached the market.
JAN CRONJE

Steinhoff shares jump 40%, reach best price in two months

The retailer’s stock is still down by over 95% from where it was before news of Jooste’s resignation reached the market

  • Jan Cronje
1 min read
Moyane said the argument of mootness was a ‘stillborn effort which betrays either desperation or serious lack of understanding of what mootness is’. (Paul Botes/M&G)
COMMISSION OF INQUIRY

Moyane’s SARS ultimatum to Ramaphosa

​Lawyers acting for suspended Sars commissioner Tom Moyane have demanded that President Ramaphosa halt or "disestablish" investigations into Sars

  • Jan Cronje
2 min read
Nhlanhla Nene
BRICS

Nene to chair board of governors of BRICS bank

The finance minister was elected to the position at a meeting of the bank’s leadership taking place in Shanghai, China.

  • Jan Cronje
1 min read
Retired judge Robert Nugent has urged reform in the Judicial Service Commission, emphasising the need to prioritise judicial independence
CYRIL RAMAPHOSA

Ramaphosa names retired Judge Robert Nugent to head SARS inquiry

The inquiry is expected to consider the adequacy and legality of steps that SARS has taken to address revenue shortfalls over the past two years

  • Jan Cronje
1 min read
The retailer’s stock is still down by over 95% from where it was before news of Markus Jooste’s resignation reached the market.
JAN CRONJE

Steinhoff shares drop over 15%

Steinhoff announced that a forensic investigation by PwC has so far uncovered the overstatement of income and assets at its AGM

  • Jan Cronje
2 min read
Popo Francis was elected in 2013 and vowed to take a “zero tolerance” approach to clerical sex abuse. (Max Rossi/Reuters)
CAMBRIDGE ANALYTICA

One Facebook app, a data leak of 60 000 users

The personal data of about 60 000 South Africans may have been shared with controversial political data firm Cambridge Analytica

  • Jan Cronje
1 min read
Numsa’s legal counsel Advocate Nazeer Cassim argued that the signing of the IPPs could be viewed as a form of economic looting.
COSATU

Court rejects Numsa’s urgent bid to block IPP signing

The high court has rejected an urgent application to interdict the signing of 27 outstanding renewable independent power producer projects.

  • Lameez Omarjee
  • Jan Cronje
2 min read
African hydrocarbons producers would do well to commit to existing venting and flaring regulations — because methane-specific policies are coming
JAN CRONJE

Last minute court interdict blocks renewable energy power purchase

NUMSA said the interdict prevents power utililty Eskom from concluding the outstanding renewable energy power purchase agreements.

  • Jan Cronje
1 min read
President Jacob Zuma delivers the state of the nation address in Parliament on Thursday. Security forces were called to eject EFF members who interrupted Zuma’s speech. (Rodger Bosch, AFP)
DEBT

Eskom signs R20bn credit facility amid ‘unfortunate’ downgrade

​S&P Global Ratings has again downgraded the long-term debt of Eskom

  • Jan Cronje
3 min read