SIU seeks R400m from SAP over dodgy contracts
Ralph Orlowski/Reuters South African investigators are seeking to recover more than R400-million from German software giant SAP for two government
Author: Siyabonga Mtangana
PIC appoints acting CIO
The Public Investment Corporation (PIC) has appointed Sholto Dolamo as its acting Chief Investment Officer (CIO). Dolamo first started working
Naspers tanks after Trump targets WeChat
WeChat is owned by China’s Tencent, in which Naspers has a 31% stake South Africa’s main stock index halted a
South African stocks plunge as Tencent fall hits Naspers and Prosus
South Africa’s main stock index halts a four-day rally, falls 1.3% by 9:15am in Johannesburg, as index heavyweight Naspers drops
Sarb cuts bond buys to R2.5bn in July
The South African central bank further cut its government bond purchases in July, buying R2.5 billion worth, or half the
Eskom pact won’t include pledge to use state worker pensions
A pact between South Africa’s government, labor unions and business to cut the debt of the stricken national power utility
Maseko takes pay cut at Telkom as annual incentives nixed
Telkom Group CEO Sipho Maseko has taken a haircut to his remuneration in the 2020 financial year after no short-term
Rand on the ropes as emerging market risks increase
The rand traded nearly 1% weaker early on Friday, near its lowest in 10 weeks, amid souring emerging market sentiment
Traders gird for more market swings after Trump’s WeChat ban
US President Donald Trump’s move to ban WeChat and TikTok roiled Asian markets and hit some of the highest profile
South Africa’s net foreign reserves rose to $48.1bn in July
South Africa’s net foreign reserves rose to $48.114 billion in July from $45.738 billion in June, the Reserve Bank said