Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «finance»

13 December 2018 3:28 PM Eskom said to mull asset sales as billionaire Motsepe circles

Eskom is considering the sale of smaller assets as the state-owned power utility weighs solutions to a liquidity crisis that contributed to a wave of rolling blackouts, according to people familiar with the matter. The supplier of almost all South Africa’s power is in advanced talks to sell its home-loans business, with local billionaire Patrice Motsepe’s 18

11 December 2018 8:49 PM Africa's largest fibre company gets $180m cash boost

Liquid Telecom received a $180m (R2.5bn) cash injection from UK development finance institution CDC Group, as Africa’s largest fibre-network operator expands broadband infrastructure across the continent. The investment will give London-based CDC a stake of almost 10% in Liquid, which is majority owned by Mauritius-based Econet Global. The funding will enable 22

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 71

06 December 2018 11:18 AM Land Bank boss Tshokolo Nchocho to head up IDC

The appointment of Land Bank boss Tshokolo Nchocho as the next CEO of the Industrial Development Corporation has been approved by Cabinet. This after current IDC head Geoffrey Qhena announced his upcoming retirement in late August after 13 years at the helm. Nchocho is expected to take up the post in early 2019, after Qhena steps down in late December 29

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 33

04 December 2018 9:30 AM SA out of recession with 2.2% GDP growth

The SA economy has officially exited the recession after reporting 2.2% GDP growth for the third quarter of the year, Stats SA announced on Tuesday morning at a briefing in Pretoria. SA slipped into a technical recession during the first half of the year following two consecutive quarters of negative growth, denting initial positive market sentiment 31

03 December 2018 7:49 PM Trump wants 'full and complete' sentence for Cohen

US President Donald Trump is calling for a "full and complete" sentence for his longtime lawyer Michael Cohen. Trump tweets on Monday: "You mean he can do all of the TERRIBLE, unrelated to Trump, things having to do with fraud, big loans, Taxis, etc., and not serve a long prison term?" Trump added that Cohen "makes up stories to get a GREAT & ALREADY 24

29 November 2018 4:15 AM 4 successful land reform elements and the 'wolf at the door' for SA farmers

Of the 64 countries globally which have embarked on land reform, 17 had restitution programmes in place and only 11 have claimed to be successful, says Dr Theo de Jager, president of the World Farmers Association. "Our research shows that there are four elements the countries with successful land reform had in common. This should be a guideline for SA as well," De Jager 31

21 November 2018 6:59 PM Fintech policy must be inclusive, MPs hear

Fintech policy that is adopted should be geared towards financial inclusion, members of Parliament have heard. On Wednesday, representatives from Treasury and the Prudential Authority briefed the Standing Committee on Finance on fintech and its role in supporting financial inclusion. Fintech, or financial technology, is new technology used to improve 54

20 November 2018 1:20 PM LIVE: 'I refused to schedule a meeting with the Gupta family'

The former minister of finance was scathingly dismissive of the Guptas: he threw a fruit basket, that served as in invitation to the infamous Sun City wedding in the rubbish bin and a meeting with Ajay Gupta brokered by Zuma ended “after roughly two minutes” when it became clear he wasn’t interested. ** “I refused to take part in (then) Minister Zwane’s 28