The Business Report. Photo: File

Matjila wins the battle in ‘Gupta war'


JOHANNESBURG - Chief Executive of the Public Investment Corporation (PIC), Dr Daniel Matjila, will stay at the helm of the entity.

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ANC elections likely to hurt economy in December - Fitch

CAPE TOWN - South Africa’s economic growth will be significantly hampered by increasing political uncertainty in the run-up to the ANC’s leadership contest in December, Fitch said on Thursday.

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Rand recovers from 5-month lows


JOHANNESBURG - The Rand recovered from five-month lows against the dollar in late trade yesterday as the greenback paused its recent rally triggered by hawkish rhetoric by the US Federal Reserve.

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SABC confirms that they lost R977 million


JOHANNESBURG - The South African Broadcasting Corporation (SABC) on Thursday announced its annual results for the 2016/2017 financial year, confirming earlier reports that it posted a net loss after tax of R977 million during the year under review.

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Meet TymeDigital, the new kid on the bank block


HARARE - There is a new bank in South Africa. TymeDigital by Commonwealth Bank SA, said yesterday (Thursday) it had been issued with an operating licence by the South African Reserve Bank (SARB).

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Essence festival focuses on empowering female entrepreneurs


DURBAN - The Essence Festival hosted the Women Economic Empowerment event that highlighted the importance of females in business and female entrepreneurship.

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-BUSINESS REPORT ONLINE