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In a note to shareholders, Tiger Brands said no specific damages were being claimed. The first stage of the class action is concerned with liability, and not the cost of damages, it said.
CLASS ACTION LAWSUIT

Tiger Brands receives listeriosis class action summons, vows to fight it

In February, the Johannesburg high court determined that Richard Spoor Attorneys could go ahead with a class action application

  • Khulekani Magubane
1 min read
Former acting Eskom CEO Matshela Koko. (Madelene Cronje/M&G)
ESKOM

Koko slams graft allegations, says his track record speaks for itself

As testimony implicating him in wrongdoing mounts, the former acting Eskom CEO has acted to distance himself

  • Khulekani Magubane
3 min read
The committee drafted a shortlist of 24 candidates last week, from an initial pool of over 300. (Delwyn Verasamy/M&G)
KHANYISILE KWEYAMA

SABC board hopefuls take the hot seat

The committee drafted a shortlist of 24 candidates last week, from an initial pool of over 300

  • Khulekani Magubane
2 min read
Gigaba has maintained that he did not perjure himself when he denied approving the operations of Fireblade Aviation at OR Tambo International Airport.
BLACK FIRST LAND FIRST

Parliament to get update on Fireblade saga

It will be the first time the Department of Home Affairs has briefed Parliament on this matter since Malusi Gigaba resigned in November last year

  • Khulekani Magubane
2 min read
Opposition parties have slammed the department of defence and state-owned military manufacturer Denel after the Special Investigating Unit (SIU) told parliament it had uncovered irregularities in procurements and the awarding of contracts
DENEL

Denel suffers over R1.7bn loss, expects more in future

The state-owned arms company has yet to submit an annual report for the 2017/18 financial year

  • Khulekani Magubane
2 min read
While the report is not accusatory in nature, it recommends that those who are implicated in governance failures at public entities present their versions at the Zondo commission. (Gallo)
BEN NGUBANE

Who’s who in Parly’s report on the Eskom inquiry?

Parliament’s portfolio committee on public enterprises adopted its final report into allegations of state capture at Eskom and Transnet on Wednesday

  • Khulekani Magubane
4 min read
Gigaba has maintained that he did not perjure himself when he denied approving the operations of Fireblade Aviation at OR Tambo International Airport.
BLACK FIRST LAND FIRST

BLF threatens bribery charges against Oppenheimers

​Black First Land First announced its intention on Tuesday to lodge fraud, bribery and corruption complaints with police against the Oppenheimers

  • Khulekani Magubane
2 min read
Nedbank did not allude to KPMG’s reported links to various governance scandals.
AUDITING

‘We are disappointed, but expect others to follow’ — KPMG on Nedbank

Nedbank announced on Monday that Ernst & Young and Deloitte & Touche would take over its external auditing

  • Khulekani Magubane
2 min read
The acceptance of the Bill was put to a vote, which led to 83 votes no, 194 votes yes and no abstentions. The Bill will be sent to the National Council of Provinces for concurrence (David Harrison/M&G)
COMPETITION ACT

Competition Amendment Bill passed: What this means for your business

The Bill seeks to close loopholes in the current Competition Act, and define contraventions and uncompetitive conduct by companies more explicitly

  • Khulekani Magubane
3 min read
Molefe says the entity sent Gama a letter of demand to pay back R151-million lost under his watch. (Lisa Hnatowicz/Gallo Images)
KHULEKANI MAGUBANE

Gama is both wrong and fired, Molefe insists

Popo Molefe has dismissed Siyabonga Gama’s interpretation of his contract with the entity, as well as a recent court determination

  • Khulekani Magubane
3 min read
Mabuza expressed confidence that small and medium enterprises would help boost the South African economy’s lacklustre performance. (Gallo Images)
DAVID MABUZA

‘We can turn SA’s economic situation around’ —Mabuza

Mabuza maintained that analysis of South Africa’s quarterly economic data painted a bleaker picture than the one which would emerge from annual data

  • Khulekani Magubane
2 min read
According to a statement released by Health Minister Zweli Mkhize on Thursday, an emergency team has been deployed to Kwazulu-Natal with epidemiologists and clinicians from the NICD. (David Harrison/M&G)
DEMOCRATIC ALLIANCE

Those responsible for VBS municipal losses must be held accountable — Mkhize

Mkhize says his department will not allow the losses of council’s funds to hamper service delivery for the residents of affected municipalities

  • Khulekani Magubane
2 min read
Energy Minister Jeff Radebe. (Madelene Cronje/M&G)
COAL

SA energy will still be two-thirds coal in 2030 – Radebe

Radebe and his department were briefing the portfolio committee on energy on the latest IRP, released at the end of August

  • Khulekani Magubane
3 min read
insider said the SACP sought to have its chairperson, Blade Nzimande, remain a cabinet minister.
BLADE NZIMANDE

Prasa corruption perpetrators to be identified in a week or two — Blade Nzimande

Blade Nzimande says he has been briefed by Prasa’s current leadership that they would be taking action against those who are implicated in corruption

  • Khulekani Magubane
3 min read
Under Nomvula Mokonyane’s nearly four years at the department, things got much worse.
CONTROL OF TOBACCO PRODUCTS AND

Tavern associations say tobacco bill will choke township businesses

The Bill was released for submissions and comments in May this year, and the period for public comment on the bill closed on Wednesday

  • Khulekani Magubane
4 min read
Among other things, the company hopes to reduce the operating cost from R25 100 per platinum ounce in 2017 to less than R22 000 per platinum ounce by the 2021 financial year. (Madelene Cronje/M&G)
IMPALA PLATINUM

Implats to cut 13 000 jobs

The miner is scaling down on loss-making operations

  • Khulekani Magubane
2 min read
Deputy Finance Minister and Public Investment Corporation chair Mondli Gungubele (left) confirmed that PIC staff raised concerns that allegations they made against PIC CEO Dan Matjila might lead to internal problems for them. (Gallo)
DAN MATJILA

PIC wants to fast-track appointment of forensic investigator

​Deputy Finance Minister Mondli Gungubele says the PIC board took a decision that the investigation must not be unfair to Dan Matjila

  • Khulekani Magubane
3 min read
Much of Mogajane’s (L) testimony focused on the first meeting between Van Rooyen and his new colleagues in treasury. (Elmond Jiyane)
ANC NORTH WEST

Treasury paints bleak picture of North West finances

The National Treasury director general gave a damning account of the state of North West government’s finances

  • Khulekani Magubane
2 min read
Tekkie Town Chairman Braam van Huyssteen
KHULEKANI MAGUBANE

Tekkie Town CEO resigns

​Tekkie Town operates 368 stores within Steinhoff Africa’s total retail footprint of more than 5 100 stores

  • Khulekani Magubane
2 min read
In a statement released shortly after the briefing
DAVID MUNRO

Data breach under control and under investigation, says Liberty CEO

Liberty Holdings CEO David Munro maintains that no clients suffered any financial loss as a result of the data breach

  • Khulekani Magubane
3 min read