July 20, 2017

The Citizen – Business news

The Citizen – Business news

brings you breaking news, current affairs, celebrity and entertainment news, as well as sport news throughout the day. More news. Your way.

Chamber to Zwane: withdraw or we’re going to court (again)

Chamber of Mines responds to minister’s proposed halt on mining licenses.

Reserve Bank cuts repo rate to 6.75%

It was announced that the repo rate has been cut by 25 basis points to 6%.

African Bank staff snub retrenchments, opt for severance and retirement packages

An agreement was reached with the union which represented workers during the consultation process.

Eskom CFO promises ‘tell-all report’ about Gupta trips

Interim chairperson surprised by R1.6 billion guarantee for Tegeta.

Amplats Q2 production hikes 5% despite challenges

The platinum producer says the increase in production was despite the Twickenham project being placed on care and maintenance in the second half of last year.

Eskom has work to do to plug its funding gap

The utility is relying heavily on new sources of funding.

SA’s retail nightmare

Recent retail trading updates point to consumer pressures that have sunk the sector into a deeper malaise.

No Eskom, we never had a contract with Trillian – McKinsey

McKinsey denies ever subcontracting Trillian and said it warned Eskom about the suspicious company.

Eskom: We’re on sound financial footing

This is in the wake of reports that the power utility was set to pay out large bonuses despite being in a 'precarious' financial position.

SMEs and succession planning: How to ensure your business survives without you

How long can your business sustain itself? Here are a few things to consider to ensure your business survives when you leave.

Magwaza’s ousting as Sassa CEO spooks rights group, trade union

As Sassa’s constitutional mandate of taking over social grant payments hangs in balance.

Taxpayers get penalty surprises

Penalties range between R250 and R16 000 – depending on taxable income.

‘Eskom execs should pay back the bonus’

Graft exposés trigger gatekeeping clause – expert.

Mining Charter has already wiped out R50bn

Chamber of Mines says the charter would, if implemented, probably destroy what's left of the industry.

Amplats half-year earnings to be hampered by tax impairments

Amplats said headline earnings and HEPS were likely to decrease to between R550m and R875m.

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