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11 December 2018 5:39 AM Bus full of suspects arrested for public violence, malicious damage to property

A bus full of suspects was escorted to the Sandton police station on Monday after the 105 occupants, alleged to be striking workers, were arrested on charges of public violence and malicious damage to property, say Gauteng police. Spokesperson Captain Kay Makhubele said it was expected to take about two days to process and charge the group, suspected 17

08 December 2018 11:00 AM Black Friday sales disappoint, but retailers can still score with holiday shopping

Consumers can expect more discounting by retailers leading up to the festive season, with the Saturday before Christmas and Christmas Day itself being big sales days for retailers. This is according to Higor Torchia, country manager for the Europe, Middle East and Africa region of retail software management company Vend, explaining some of the sales 46

07 December 2018 11:22 AM FACT CHECK: Update – No contracts from Treasury to companies affiliated with Anisha Gordhan

National Treasury has confirmed that it did not award contracts to any of the 24 companies affiliated with Anisha Gordhan, the daughter of Public Enterprises Minister Pravin Gordhan. The revelations come on the back of claims by leadership of the EFF that Gordhan junior was a proxy for her father's business and had "amassed more than R80 million" doing 56

06 December 2018 5:44 PM White monopoly capital according to Johann Rupert

Johann Rupert, South Africa's second-richest man with a $6.3bn fortune, dismissed the idea of "white monopoly capital" in a now-notorious interview with Johannesburg-based radio station PowerFM, arguing that state-owned companies such as Eskom were the true monopolies. The 68-year-old chairman of the maker of Cartier watches has sparked widespread debate 35

05 December 2018 12:43 PM 15 arrested after Global Citizen festival violence, says Cele

Fifteen people have been arrested and 50 cases reported as a result of crimes committed after "unforeseen circumstances" at the star-studded Global Citizen festival in Soweto, Police Minister Bheki Cele said on Wednesday. Of those, six people have appeared in court after allegations of theft and common assault during chaos at a nearby Sasol garage which 27

05 December 2018 12:35 PM Eskom is said to propose moving debt to state, cutting jobs

The company’s executives outlined the proposal to move the debt onto the government’s balance sheet to bond investors in London this week, according to Sanchay Singla, a money manager at Legal & General who attended a meeting with them. The executives said they hadn’t formally raised the issue with Finance Minister Tito Mboweni or the National Treasury 31

03 December 2018 3:02 PM Egypt hosts international arms expo

Egypt is hosting its first international weapons fair, an event that organisers hope will project a message to the world that the country is secure and stable. The three-day Egypt Defence Expo that opened on Monday features the world's top arms companies and hundreds of military and civilian participants from dozens of countries. The United States, Egypt's 22

02 December 2018 7:49 AM Naspers CFO plans 'significant investments' in coming months

Naspers has its sights set on acquisitions as Africa’s largest company by market value targets “significant investments” for its $10bn cash pile in the next couple of months, Chief Financial Officer Basil Sgourdos said. “In the first half of this year we have done about $750m in deals, and there are some near-term opportunities coming up,” Sgourdos said by phone 26

29 November 2018 8:22 PM Anglo CEO says investor confidence returns to South Africa

Anglo American [JSE:AGL] the company that grew to be South Africa’s biggest during apartheid, says it’s ready to invest in the country again. After years of legislative uncertainty, relations had soured to the point where Anglo’s chief executive officer wasn’t on speaking terms with the former mining minister after he made a critical speech. Things have improved 51

29 November 2018 2:33 PM SARS penalties for outstanding corporate tax returns to kick in soon

The SA Revenue Service (SARS) said on Thursday that it will soon impose administrative non-compliance penalties for outstanding corporate income tax (CIT) returns. Administrative non-compliance penalties will be imposed on companies that fail to submit an income tax return, as required under the Income Tax Act, for years of assessment ending during the 2009 and subsequent 45