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61-70 results from 150 for query «financials»

26 April 2015 6:30 AM Hlaudi Motsoeneng has cost SABC R1.1 billion: report

SABC chief operating officer Hlaudi Motsoeneng is hiding the public broadcaster’s financial troubles from Parliament in a bid to keep his job. SABC chief operating officer Hlaudi Motsoeneng is hiding the public broadcaster’s financial troubles from Parliament, including a current loss of R500 million, according to a report in the Sunday Times. The report 8

24 April 2015 4:00 AM Audit reveals poor municipal performance

MBOMBELA – The Auditor-General (AG) has reported dismal preliminary audits in local municipalities. Premier David Mabuza says internal political infighting is partly responsible for the poor performances of municipalities. He was speaking at a meeting with the AG Kimi Makwethu in White River on Wednesday, April 22, where a preliminary report on the audit 14

23 April 2015 4:02 AM Nikkei buoyed by bullish sentiment

Sydney - Asian shares were weathering a soft reading on Chinese manufacturing on Thursday as it only whetted expectations for more policy stimulus there, while a sharp rise in British and German bond yields rippled through global debt markets. The preliminary HSBC China manufacturing PMI for April dipped to a one-year trough of 49.2 in April, when the consensus 8

22 April 2015 11:50 PM Asian shares near fresh peaks, China PMI looms

SYDNEY (Reuters) - Asian shares were flirting with fresh highs on Thursday, while a sharp rise in British and German bond yields rippled through sovereign debt markets globally. An early hurdle looms in the shape of the preliminary HSBC China manufacturing PMI for April due at 0145 GMT. Forecasts are for it to hold steady at 49.6 but the recent run of softer 13

19 April 2015 8:05 AM Tsotsi decision favoured Guptas: report

Johannesburg - Several decisions made by former Eskom board chair Zola Tsotsi bent the rules of the power operator, including influencing a decision to award a contract worth an estimated R400 million-a-year to a coal mine owned by the Gupta family, The Sunday Times reported. According to the report, Tsotsi, who resigned from Eskom at the end of March 11

17 April 2015 12:13 PM Transnet CEO Brian Molefe seconded to lead Eskom

Cape Town - Public Enterprises Minister Lynne Brown has seconded Transnet CEO Brian Molefe and appointed him as the acting Eskom CEO after Tshediso Matona was suspended in March. Molefe has been in his role at Transnet since 2011 and was the Public Investment Corporation CEO from 2003 to 2010. Matona was suspended when Eskom announced it would start 7

16 April 2015 1:28 PM Global stocks touch record high

London - Euro zone government borrowing costs slid to new lows on Thursday, a day after the European Central Bank pledged to fulfil its 1 trillion-euro bond-buying programme and as Greece's financial predicament deteriorated sharply. Global stocks touched a record high thanks to renewed strength in Asian markets. Brent oil fell back from new highs for the year it had reached 7

15 April 2015 1:35 PM Brown: Expect winter load shedding as Eskom ups maintenance

Cape Town - Load shedding could be expected to continue through the period of high electricity demand in winter as necessary maintenance on Eskom's plants needs to be carried out, Minister of Public Enterprises Lynne Brown told a media briefing on Wednesday afternoon. Maintenance in winter is a deviation from the normal practice at Eskom. She also said there 20

10 April 2015 9:25 AM Pick n Pay partner opens new store amid $50m suit

Harare – John Moxon, the chairperson of Zimbabwe-listed retail and hotel conglomerate Meikles Limited, said his company is proceeding with a US$50m suit against the country's stock exchange. This comes after engagements to settle the two parties' dispute over its earlier suspension from the Zimbabwe Stock Exchange (ZSE) because of alleged manipulation 7

08 April 2015 6:00 AM JSE vulnerable to US rate hike

Increasing foreign participation in the JSE, which has surged from 10% to nearly 50% of shares in trade over the past decade, could put the market at risk in a crisis event. Research by Bank of America Merrill Lynch suggests 46% of the free-float of the JSE All Share Index is owned by foreigners, slightly lower than the record 48% achieved in July last year. If dual-listed 8