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.
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.
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.
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.
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.
- BUSINESS REPORT ONLINE