September 25, 2017

BIZNEWS



BIZNEWS

– The Rational Alternative –

Gigaba vs Matjila: The scramble for pensioner funds – seeks $7.6bn SOE bailout

South Africa’s Treasury is pressuring the continent’s biggest money manager to provide as much as $7.6 billion to fund struggling state companies.

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Beware the prediction – it might just cost you

South African Reserve Bank governor Lesetja Kganyago kept the repo rate steady at 6.75%. Despite 17 of 21 economists surveyed by Bloomberg expecting a cut.

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MUST READ: Why I quit new alien and corrupt ANC – Makhosi Khoza

Dr Makhosi Khoza, who became a household name following the blatant attacks carried out on her integrity and the threats to her family, has quit the ANC.

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BLSA suspends KPMG’s membership pending outcome of independent investigation

Business Leadership South Africa suspended the membership of KPMG (SA) pending the outcome of an independent investigation into the organisation’s involvement in conduct related to “state capture” in South Africa.

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SA’s Gupta-cursed Chartered Accountants: Disgrace to global profession?

What do former Eskom board member Mark Pamensky, former Eskom CFO Anoj Singh, and at least four of the ousted KPMG partners have in common? They are all registered chartered accountants.

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Brown takes legal action against chief suspects in Eskom’s shady dealings

Public Enterprises Minister Lynne Brown has instructed Eskom to begin legal action against companies including McKinsey over their involvement in disputed contracts at the state-owned electricity company.

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Khoza resignation could be a risk – or a catalyst for change; Daniel Silke

Daniel Silke bemoans the resignation of courageous ANC MP Makhosi Khoza, as do presidential hopefuls Lindiwe Sisulu and Dr Zweli Mkhize.

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Bell Pottinger CEO pays price of #GuptaCurse: R125m in life savings down the tubes

At the beginning of August, Bell Pottinger CEO James Henderson shrugged off criticism that his company was a force for evil in the Gupta-Zuma state capture campaign.

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SAP chair Hasso Plattner responds: ‘I profoundly apologise to South Africa’

The co-founder and chair of global business software giant SAP has responded to an open letter we penned regarding the company's Gupta probe.

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Ramaphosa heads Government delegation to back SA Rugby’s 2023 World Cup bid

Cyril Ramaphosa heads off to London with the SA delegation to present South Africa’s bid to host the 2023 Rugby World Cup.

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