Good morning. This is all the latest business news that you need to know today.
The conduct of Murray & Roberts’ (M&R) independent board in the hostile takeover offer by German family-owned investment holding firm Aton was a contravention of various sections of the Companies Act dealing with frustrating actions, a Takeover Special Committee has ruled.
Finance Minister Nhlanhla Nene has expanded the scope of a panel of experts appointed to review the current list of items exempt from value-added tax (VAT) charges.
SA’s rand fell against the dollar on Tuesday as political turmoil in Italy hit global risk appetite, stoking a selloff in emerging market currencies and stocks as investors looked to buy safe-haven assets.
Former Transnet board member Seth Radebe’s lawyers intend to launch a court action before the end of this week, challenging Radebe’s removal earlier this month.
FNB Life has teamed up with the Department of Home Affairs to tackle the ongoing issue concerning unclaimed insurance benefits.
The Ntsebeza inquiry into auditing firm KPMG would be completed by the end of June, according to Advocate Dumisa Ntsebeza.
Steinhoff Africa Retail (STAR) announced that its board had decided to change the company’s name back to Pepkor Holdings, subject to shareholders’ approval, in a move meant to divorce it completely from troubled owner Steinhoff International.
- BUSINESS REPORT ONLINE