Friday , June 22 2018
Home / Business (page 10)

Business

Get the latest Business and Financial news in South Africa as it happens.

AA slams Sanral’s e-toll fees SMS

The Automobile Association (AA) said that it is disappointed that the SA National Roads Agency (Sanral) has decided to go the legal route before resolving their e-toll billing problems. In an attempt to force Gauteng road users to pay their fees on the controversial tolling system, Sanral appointed a debt-collection …

Read More »

Food prices: Enough to drive you nuts

LOTS of muttering and grumbling online about food prices. “They’re ripping us off!” is the universal theme; low-carbers have a particular suspicion about cauliflower prices, it seems, while everyone else is grumbling about potatoes, avocados and nuts, in particular. So I did a little investigation. I couldn’t get hold of …

Read More »

Standard Bank ups stake in Tsogo Sun to 10%

standard bank tsogo sun

Hotel and gaming group Tsogo Sun on Tuesday announced that Standard Bank has increased its shareholding of the company to 10 percent. This is after the bank disposed of its Tsogo Sun shares in August 2015 to remain only with 4.08 percent. In a statement issued on Tuesday, the hospitality …

Read More »

Outa takes fight beyond e-tolls to nuclear, SAA

Cape Town – The group that has stood up against e-tolls is widening its scope to challenge poor governance, maladministration and corruption around South Africa. The Opposition to Urban Tolling Alliance (Outa) will expand its fight against e-tolls to include campaigns that will focus on government’s alleged misuse of taxpayers’ …

Read More »

New treasurer for Eskom

CAPE TOWN – Eskom announced on Friday that its group financial officer, Anoj Singh, would take over the role of treasurer following the resignation of Caroline Henry. Eskom said Henry had “enabled Eskom to execute its funding strategy in very difficult and volatile economic conditions”. Eskom profits have tumbled in …

Read More »

SA farmers owe banks R125bn as drought hits

drought farmers south africa

Farmers have their highest-ever debt with South African banks of more than R125bn at a time when a drought, caused by the lowest rainfall on record, is withering maize fields and discouraging the planting of crops. FirstRand has the largest proportion of total loans extended to agriculture among the four …

Read More »

SA not heading for recession – Gordhan

SA not heading for recession - Gordhan

Cape Town – Finance Minister Pravin Gordhan said on Thursday that South Africa’s economy would not slip into recession, rejecting predictions by some economists that sharp falls in the rand pointed to a contraction this year. “We are growing as an economy, we are not going into a recession. But …

Read More »