Sustaining operations does not come cheap for black asset management firms, more especially bringing on board a highly skilled professional to their team. Results of an annual BEE.conomics survey on transformation in the South African asset management industry survey unearthed Read the full story
In printed speech, Transnet SOC Ltd CEO, Brian Molefe revealed that his organisation has signed a 10-year, 24 billion-rand ($2.1 billion) coal-haulage deal with miner BHP Billiton Ltd. to transport the fuel to the country’s ports. Molefe said: “The agreement Read the full story
Public Works Minister Thulas Nxesi told reporters in Pretoria that he was shocked at the almost R35bn in irregular expenditure uncovered by the department. “The public works turnaround has uncovered R34.9bn irregular expenditure, some of which goes back as far Read the full story
In a bid to sustain the legacy which it has built as the beacon of world-class home-grown companies, Sasol has appointed Bongani Nqwababa as chief financial officer and executive director of Sasol, the company announce in a press statement Read the full story
Slow pace of payments on invoices is one of the main constraints to the growth of small businesses. Unfortunately, small businesses have no choice but to reluctantly comply with the 30-45 day invoice settlement terms that their clients dictate. But Read the full story
The relevance of Passenger Rail Agency of SA’s massive rail revitalisation programme has been heavily scrutinised and questioned, understandably, at a time when over expenditure and poor project implementation seems to have become the mark of government-bankrolled megaprojects. However, the Read the full story
The debate on the relevance of land redistribution and reform stokes emotions. Unfortunately, for proponents, while their cause is justifiable, the record of farms that have been redistributed to their rightful owners has been, to put it mildly abysmal. However, Read the full story
We all want to strike gold and are always looking for that coveted ticket to wealth. It could be a lotto ticket. For some black South Africans that pot of gold could be in the form of Read the full story
The Rustenburg Platinum belt, which is battling to recover from the effects of a six month strike, will have a special economic zone. Trade and Industry Minister, Rob Davies, announced this during a seminar hosted by the Japanese Chamber Read the full story
If truth be told, in the current economic climate, which is characterised by escalating level of unemployment, even some highly skilled graduates would settle for what was offered to striking mine workers after a settlement was reached. Thus, it Read the full story