Rand firmer as dollar dips on US rate cut bets
Business
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Scandal-hit Steinhoff posts narrow $1.3bn loss in delayed 2018 results
The retailer, with more than 12,400 stores, blamed one-off expenses including professional fees of €117 million and impairments for the loss as it cleans up its balance sheet after the fraud.
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Ramaphosa to announce further plans to aid struggling Eskom
Cyril Ramaphosa met with Eskom’s board in Cape Town to discuss actions to be taken to stabilise the energy utility in the wake of its financial and operational woes.
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Facebook takes on the world of cryptocurrency with 'Libra' coin
The Libra coin plan, backed by financial and nonprofit partners, represents an ambitious new initiative for the world's biggest social network.
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Trump-Xi meeting at G20 raises hope for trade truce
Global shares were buoyed by the announcement, with Wall Street rallying on Tuesday and Asian stock markets surging on Wednesday.
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Mkhwebane ready to take Pillay and Van Loggerenberg head-on
Busisiwe Mkhwebane missed a deadline to apologise to the pair on Tuesday for comments she made on the so-called rogue unit.
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Phumeza Nhantsi says wasn’t aware Treasury blocked SAA funding from FDC
The corporation was SAA's choice to source funding but was shut down by Treasury because it did not have the mandate to provide the airline with funding.
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Court finds no legal basis for Trillian's R600m payment from Eskom
The judgment has also been scathing towards former Eskom executives Matshela Koko and Anoj Singh, who played a key role in approving payments to Trillian.
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Ex-CEO Peter Moyo to take Old Mutual to court - statement
A statement by Moyo’s lawyer said Old Mutual had suffered no financial or other prejudice as a result of any action from Moyo.
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Rand rallies as Ramaphosa set to give more support for Eskom
At 1400 GMT the rand was 1.76% firmer at 14.5475 per dollar, after early in the day trading at around the 14.80 mark.
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Ramaphosa to announce plan for Eskom after meeting with board, ministers
According to a statement from the Presidency, the meeting was called to establish alignment across government on the actions to be undertaken to stabilise the power utility.
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WATCH LIVE: Dudu Myeni ignored SAA's procurement processes - former CFO
Nhantsi says Mngadi would advise of matters related to board decisions and resolutions but she found it strange that he was involved as the third party who was not part of the airline's executive.
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Rand little changed in calm before Fed meeting
The US Federal Reserve concludes a two-day meeting concludes on Thursday and is expected to lay the groundwork for a rate cut later this year.
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Talks drag on amid MyCiTi N2 express service dispute
A contractual dispute between the City of Cape Town and the N2 Express Joint Venture operating company has left the service suspended for weeks.
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Old Mutual fires suspended CEO Moyo
Peter Moyo's suspension and subsequent axing follow a conflict of interest related to an investment firm he founded.
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EFF loses appeal application in Trevor Manuel defamation case
In March, the EFF said Sars commissioner Edward Kieswetter and Trevor Manuel were friends and have a close business relationship, but without providing evidence to this effect.
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CWU: SABC board not doing enough to avert job losses
The union has called for an urgent meeting between management and the government to discuss a cash injection, even if it came with conditions.
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Motlanthe urges young people to pursue studies in digital technology
Kgalema Motlanthe said those with digital technology skills would have an added advantage in the highly competitive job market under the Fourth Industrial Revolution.
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CARTOON: Can Sona 'fashion a fix' for SA economy?
Dr Jack
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Prisons under siege as Zimbabwe's economic woes persist
Convicts and wardens alike bemoan packed cells where running water is erratic and shortages of food, clothes and bedding prevail.
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KPMG to pay $50 million for using stolen data, exam fraud: SEC
KPMG also said it would also hire an independent consultant to assess the firm’s ethics and integrity controls as well as its compliance, the SEC said in a statement.
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Huawei says US ban hurting more than expected, to wipe $30 billion off revenue
The United States has put Huawei on an export blacklist citing national security issues, barring US suppliers from selling to the world’s largest telecommunications equipment maker and No.2 maker of smartphones, without special approval.
