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21-30 results from 150 for query «financials»

06 February 2017 10:23 PM Zwane commits to finalising mining legislation this year

Minister says new job opportunities to come from SMEs. Cape Town – In his keynote address, signalling the start of the 2017 Mining Indaba, Minister of the Department of Mineral Resources, Mosebenzi Zwane, said that the industry was entering a “new season” as commodity prices recovered. “There are now signs that we are entering a new season, there has been a remarkable 25

19 January 2017 6:23 PM SABC financials, staff purges, deals scrutinised at inquiry

Cape Town - Parliament's ad hoc committee looking into the SABC board went through the finer details of its first draft report of the SABC inquiry on Thursday. The ad hoc committee had scrutinised 26 pages of the inquiry's working document clause-by-clause by 18:00 on its first day of deliberations. The document, which is the result of witness testimonies 23

15 December 2016 3:47 PM 'Doctored minutes' a concern as SABC inquiry winds down

MPs on the committee expressed deep concern at the belligerent behaviour of those running the State-owned broadcaster after it uncovered the possible doctoring of documents sent to the committee. In similar fashion to some of her former colleagues, former SABC board member Rachel Kalidass testified about how Communications Minister Faith Muthambi had exerted 28

09 December 2016 5:52 PM Eyewitness News — Economists ‘not surprised’ by Fitch’s outlook for Eskom

JOHANNESBURG - Economists say ratings agency Fitch’s latest decision to change its outlook for Eskom from stable to negative is hardly surprising as the country’s sovereign rating also remains bleak. South Africa has managed to avoid junk status for now but remains at risk of a downgrade. Econometrix economist Rob Jeffreys says while Eskom’s financials 48

08 December 2016 12:50 PM Hlaudi was the 'go-to' to man at the SABC

Cape Town – Hlaudi Motsoeneng was the centre of power at the SABC during group CEO Lulama Mokhobo’s tenure, she told MPs on Thursday. Two camps emerged in the SABC board which undermined her tenure, which started in January 2012, she testified under oath before Parliament’s ad hoc committee investigating the current board’s fitness. “The boards under 21

06 November 2016 9:00 AM SAFA reported to have made a R40-million loss

The South African Football Association (Safa) is expected to report losses of more than R40-million at its yearly congress next month after spending on the various national teams pushed the motherbody into the red in the 2015/16 financial year. Safa president Danny Jordaan told Sunday Times that the SA Under-23s and the women's national team's successful 19

18 October 2016 4:23 AM JSE probes Gupta firm

Oakbay Resources, the listed arm of the Gupta family's businesses, is again the subject of a Johannesburg Stock Exchange investigation. This time the probe relates to five transactions by the listed company, amounting to almost R1-billion, that were flagged as suspicious by banks. The transactions were part of R6.8-billion in Gupta transactions referred 13

22 September 2016 4:18 PM JSE ends sharply higher as unchanged rates heighten dovish environment

THE JSE closed substantially firmer on Thursday buoyed by risk-on global sentiment and the Reserve Bank’s decision to keep interest rates unchanged. It was the first firmer close in three sessions for the all share after Reserve Bank governor Lesetja Kganyago said the rate-hiking cycle, in place since the beginning of 2014, might be coming to an end. "The monetary 10

16 September 2016 5:33 AM SAA admits deep financial crisis

The airline said the currency fluctuations, impairments, finance costs and other factors led to the total loss of R4.7bn. SAA said finance costs shot up from R263m to R490m. SAA’s preliminary results were to be officially tabled in Parliament today after Parliament granted the national airline an extension for the tabling of its annual report for the 2014/15 financial 10

12 September 2016 11:55 AM Zuma has paid for Nkandla upgrades, says Treasury

The president was ordered to pay back R7.8 million for the non-security features at his home after the Treasury did an assessment of the work done there by various stakeholders. Zuma’s architecture Minenhle Makhanya is currently facing a lawsuit of R155 million by the Special Investigating Unit for his work at Nkandla. The state spent more than R246m in upgrading 9