August 24, 2017

FIN24 – Business News

FIN24 – Business News

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Fin24 News

In an apparent fire sale of South African assets, the Guptas first saddled-up Mzwanele Manyi with their media interests; now they are pawning off their coal mines to a hitherto unknown Swiss vehicle.
Posted: August 23, 2017, 10:38 pm
The SA Reserve Bank may cut rates further on the back of falling inflation, say analysts.
Posted: August 23, 2017, 8:00 pm
There has been no indication yet whether 72 suspicious transactions worth R6.8bn with which the Gupta family is connected, will be investigated further.
Posted: August 23, 2017, 7:16 pm
The Guptas have dominated the headlines once again with the announcement that it is selling Tegeta, which it wrestled from Glencore in a questionable fashion.
Posted: August 23, 2017, 7:02 pm
"We’ve seen this movie before and we know how it ends – SAA continues to fail and will need more bailouts," says the DA.
Posted: August 23, 2017, 6:08 pm
Business Leadership South Africa is taking a stand against corruption by cleaning its own house, and calling out government.
Posted: August 23, 2017, 6:07 pm
MPs tasked with an inquiry into state capture allegations at Eskom, Transnet and Denel are adamant that they want Advocate Nthuthuzelo Vanara as evidence leader.
Posted: August 23, 2017, 6:00 pm
Labour unions have settled on a three-year wage agreement for members working in the steel industry.
Posted: August 23, 2017, 5:42 pm
Brimstone Investment Corporation's interim results have been impacted primarily by the downward valuation of some investments.
Posted: August 23, 2017, 5:25 pm
Tegeta's new owner is United Arab Emirates national Amin Al Zarooni, who wants to expand his growing business empire to South Africa, says Oakbay.
Posted: August 23, 2017, 5:24 pm
The Competition Tribunal has approved a large merger between GroCapital Holdings and the South African Bank of Athens.
Posted: August 23, 2017, 5:19 pm
At the close of the session, the JSE All-share Index gained 0.23%, while the blue-chip Top 40 gained 0.29% due to a higher weighting of Naspers.
Posted: August 23, 2017, 4:37 pm
Finance Minister Malusi Gigaba is discussing the option of selling government’s 39.75% stake in Telkom with three Cabinet ministers, says his spokesperson Mayihlome Tshwete.
Posted: August 23, 2017, 4:06 pm
Deputy President Cyril Ramaphosa has sidestepped a question in Parliament on whether South African Airways will receive a R10bn bailout from government.
Posted: August 23, 2017, 2:54 pm
Business Leadership South Africa has launched a ‘contract with South Africa' to fight the deceitful #WMC campaign by focusing on job creation, inclusive growth and crushing corruption.
Posted: August 23, 2017, 1:22 pm
Vodacom CEO Shameel Joosub says the network will give all customers affected by its recent network glitch, 500MB over and above reimbursement of lost data.
Posted: August 23, 2017, 12:16 pm
The Swiss company which bought Tegeta Exploration and Resources, is shrouded in mystery.
Posted: August 23, 2017, 12:04 pm
Bitcoin’s investment returns are attracting significant interest from retail investors, however, some caution is merited, says Overberg Asset Management.
Posted: August 23, 2017, 11:54 am
Naspers has come close to the significant level of R3 000 per share, helping to push the All-share and Top 40 indices on the JSE to new intraday 52-week highs.
Posted: August 23, 2017, 11:35 am
The disposal within 48 hours of three SA assets owned by the Guptas should fuel the urgency to move forward with the inquest into state capture, says former finance minister Pravin Gordhan.
Posted: August 23, 2017, 10:47 am

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