Eskom suspends its finance chief


JOHANNESBURG - South African power utility Eskom has suspended its chief financial officer, pending a disciplinary hearing, the firm said on Friday, the latest fallout from allegations of influence-peddling in government by close friends of President Jacob Zuma.

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Sanral's new draft policy will award contracts to 50% black owned companies


Johannesburg - South Africa's construction sector is set to be significantly impacted if a draft transformation policy published by the SA National Roads Agency (Sanral) is implemented.

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Shoprite boss gets R31.26m this year


DURBAN - Shoprite Holdings chief executive Pieter Engelbrecht has received a total remuneration of R31.26million for 2017, including bonuses, according the the retailer’s annual report. Engelbrecht’s annual salary in his first year as chief executive was R9.71m.

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Emerging market currencies tumble


JOHANNESBURG - Exchange rates of emerging countries took a hiding last week due to the ongoing geopolitical storm between the US and North Korea, and the hawkish stance of the US Federal Reserve on expected hikes in interest rates.

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Reserve Bank tells SA's big four banks they can’t fire KPMG


JOHANNESBURG - The SA Reserve Bank (Sarb) has told top lenders that they cannot fire auditor KPMG, entangled in a scandal involving friends of President Zuma, the Guptas, because it might undermine financial stability, two sources with knowledge of the matter say.

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- BUSINESS REPORT ONLINE