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  • Nike's head of diversity leaves amid review of corporate culture

    17 April 2018 3:30 AM 26

    New York - An official at Nike in charge of overseeing diversity and inclusion efforts has left the sportswear giant, bringing fresh upheaval to a company already grappling with misconduct among its executives. Antoine Andrews, who joined Nike in 2015 as vice president of diversity and inclusion, is no longer at the company, Nike confirmed after inquiries

  • Consol aims to raise R3.5bn in IPO

    16 April 2018 1:42 PM 31

    Johannesburg – Glass packaging manufacturer Consol Holdings Limited on Monday said its initial share offer price would be between R1.50 and R6.50 per share when it lists on the JSE on May 4. A total of 761 million ordinary shares, or 34.2% of all the shares it intends to issue, would be traded though private placement, raising up to R3bn. Consol said it would

  • Rand stable above R12/$ as geopolitics again sets tone for emerging markets

    16 April 2018 6:53 AM 29

    Cape Town - The rand was steady in early trade on Monday morning, changing hands at R12.07 to the dollar at 08:35. At close on trade on Friday, it was quoted at R12.08 to the greenback. The US Treasury is set to it impose fresh sanctions on Russia on Monday related to its involvement in Syria’s use of chemical weapons, according to US United Nations

  • The top 3 industries competing for employees

    14 April 2018 8:45 AM 29

    Cape Town - Tech, real estate and manufacturing top the competitive list of industries vying for talent, according to the 2018 Compensation Best Practices Report by American company PayScale. The report defines competitive jobs as those that can be hard to fill because they are in high demand. Tough-to-fill jobs are defined as those that are open for six months

  • Get to know Prasa’s new board chair Khanyisile Kweyama

    14 April 2018 5:45 AM 31

    Cape Town – New interim board chairperson of the Passenger Rail Agency of South Africa Khanyisile Kweyama is an old hand at steering businesses, with a résumé that includes sitting on the board of a variety of different companies. Transport Minister Blade Nzimande on Friday announced the new interim board for the state rail company for a period of 12 months

  • Top 5 reasons for getting a raise

    13 April 2018 6:26 PM 29

    Cape Town - There were five main reasons companies gave raises to employees in 2017, according to the global 2018 Compensation Best Practices Report by American company PayScale. "Employers seeking to be employers of choice will do well to link their pay raises to performance and market rates for their jobs. Today’s savvy high-performers don’t only want to see that they are paid well for their

  • VAT, other tax and fee hikes just pushed the cost of dying up massively

    13 April 2018 3:33 PM 26

    Cape Town - The recent hikes in master’s fees, value-added tax, estate duty and donations tax rates have increased the cost of dying significantly in South Africa, said David Thompson, Senior Legal Adviser at Sanlam Trust. "Most professional executors and trustees should be registered VAT vendors," said Thompson. Executor’s fees are generally 3.5% plus VAT. At 15% this will equal

  • PIC acquires power plant

    13 April 2018 2:58 PM 45

    Johannesburg - The Competition Tribunal has given the Public Investment Corporation (PIC) the green light to acquire control of a solar energy supplier. The PIC acquired the power plant on behalf of the Government Employees Pension Fund. The PIC said it has “non-controlling interests in a number of independent power producers (IPPs) supplying solar power

  • Trematon warns of 85% plunge in earnings

    13 April 2018 8:17 AM 23

    Cape Town - Investment holding company Trematon [JSE: TMT] has warned of an 85% plunge in earnings for the six months to February 28. “Shareholders are advised that Trematon’s earnings per share for the 6-month period ended 28 February 2018 will decrease by approximately 85% and headline earnings per share will decrease by approximately 150% from the previous

  • Vavi's Saftu threatens to make SA ungovernable

    12 April 2018 12:27 PM 28

    Cape Town - The South African Federation of Trade Unions (Saftu) has threatened to make the country "ungovernable" if government continues with its plans of a R3 500 minimum wage. Saftu demands what it calls a living wage and, furthermore, rejects proposed Labour bills and the 1% VAT increase to 15% which came into effect on 1 April. "We will put the economy