Friday, November 24, 2017

‘Parents’ begin exciting journey at Breath of Life Place of Safety

EXCITED new “parents” of Breath of Life Place of Safety Andrew and Michelle Rielly, say they have answered their calling. Breath of Life has been...

Registration of KPMG auditors’ at risk over Gupta audit

KPMG auditors responsible for the audit of Gupta-owned Linkway Trading risk losing their designation as registered auditors if an investigation by the profession’s regulator...

Consumer regulator goes after third retailer charging ‘illegal’ club fee

TFG (The Foschini Group) is the latest national retailer to be referred to the National Consumer Tribunal for charging account holders a club fee...

On the spot: Eskom’s top three drop Gupta bombshells

Stunning reversals, a shocking confession and elaborate justifications were among the responses from the chairman, the acting CE and the finance head, write Carol...

Here’s how the taxman will come after South African expats

If you have a good job overseas‚ living in a country where the tax rate is 25%‚ but your salary falls into South Africa's...

14 municipalities lose clean audit status

The expenditure budget for local government in 2015-16 was R378 billion but municipalities with clean audit opinions represent only 19% (R70‚9 billion) of this...

‘Spaceship’ anchors in Algoa Bay

By GARETH WILSON A massive Chinese ship anchored in Algoa Bay has caused a stir in Port Elizabeth, with some residents comparing the vessel to...

Rand weakens after public protector calls for Bank to ditch currency...

The rand was weaker against major global currencies on Monday afternoon‚ after risk spiked following a call by Public Protector Busisiwe Mkhwebane for a...

Public Protector sparks the Battle of the Bank

South Africa is bracing for the Battle of the Bank as uncertainty over the Reserve Bank's future threatens the country's economy. After Monday's shock recommendation...

Malema wants rent-free space for spaza shops in township malls

Township spaza shop owners should either be given shares or space in township malls that are bankrupting them‚ says Economic Freedom Fighters leader Julius...

First casualty of GM move

Coega Autospray has become the first casualty of General Motors SA’s (GMSA) decision to leave South Africa after the Port Elizabeth High Court granted...

ORT named top irregular spender in SA

Scandal-prone OR Tambo district municipality was yesterday named by Auditor-General Kimi Makwetu as the biggest culprit of irregular expenditure in the country, with R1.569-million...

South Africa’s Pick n Pay cuts 3,500 jobs, warns on H1

Pick n Pay has cut 10% of its staff, eliminating approximately 3,500 jobs, the South African grocer said on Monday, as the country grapples...

ANC gives government six months to establish state bank

ANC delegates have given the government an ultimatum to ensure that a state bank is up and running within six months. This comes a week...

Gold jobs on the line

AngloGold says its ageing mines are caught in trap of diminishing returns AngloGold Ashanti could cut up to 8500 jobs at its unprofitable South African...

Bad news for house prices

Homeowners should not be too hasty to sell just yet. Seven months into 2017‚ it was becoming increasingly likely that this year would be the...

Ceremony honours women of power

Fearless and resilient businesswomen who have made an impact on their communities and on the economy of the Eastern Cape were celebrated at the...

OR Tambo airport braces for SAA strike

OR Tambo International Airport is set to be hit by a strike on Friday‚ but management cannot say how bad the effects will be. Staff...

Van Rooyen gives Western Cape R74m anti-drought war chest

By Khulekani Magubane Minister of Cooperative Governance and Traditional Affairs Des Van Rooyen has announced an allocation of more than R74 million in drought relief to...

Panel vows ‘no escape’ for state capture accused

Top guns at Eskom and members of the Gupta family may be forced to face committee Members of the portfolio committee on public enterprises say...

Mdantsane airwaves silent in strike action

Mdantsane FM presenters, news readers and producers downed tools yesterday over allegations of mismanagement of funds. This forced thousands of loyal listeners to tune to...

Where did Eskom’s R1 trillion go?

Eskom wants consumers to cough up more for electricity‚ but a lobby group has raised questions about how the power utility has spent hundreds...

Loyalty cards surge as hard times bite

By Wendy Knowler People are going mad for loyalty programmes whose cash-back and discount benefits are helping to reduce the sting of hard times. Data show...

Pakati back on a positive note from trip to China

China and Buffalo City Metro discussed the possibility of manufacturing clothing in the metro for China’s African market, said mayor Xola Pakati when he...

City of Cape Town suing energy minister

The City of Cape Town has taken Energy Minister Mmamoloko Kubayi to court to force her to give it permission to buy renewable energy. This...

Support for Knysna businesses

CAPE Town-based company Retail Capital is stepping up to aid small business owners in Knysna. The fire has left many businesses damaged and struggling. After a...

Millions bled from SA economy

Exchange control: Reserve Bank frustrated at lack of prosecutions of those responsible for 'obscene' amounts of money leaving SA illegally BY LINDA ENSOR The National Prosecuting...

Save SA: How Mzansi is cutting back to survive the recession

Whether it’s eating out less‚ homemade pet food‚ cancelling gym memberships or avoiding parking tickets‚ South Africans are cutting costs to survive the economic...

Bank of Baroda to shut Guptas’ accounts

Complicating the closure of the Gupta accounts by Baroda is the extent of the loans it has made to the family The Bank of Baroda...

Treasury paints bleak picture of debt repayment amongst councils

By Khulekani Magubane National Treasury has painted a bleak picture of municipal finances and their long-term sustainability in its preliminary report on local government revenue and...

362 people want to be on SABC board

Hundreds of South Africans have shown interest in becoming full-time board members of the SABC. Parliament will start the process of short-listing the 362 applications...

Absa employee guilty on 359 fraud counts

An Absa employee was found guilty on 359 charges of fraud after he transferred money from a client’s account to his brother’s. Moses Moroe was...

Uber’s new payment system lets drivers reject cash trips

By Bafana Nzimande Uber SA has introduced a new payment system meant to increase driver safety. The cash indicator feature allows operators to choose if they want...

Man unzips‚ gets two years’ supervision sentence on sex charge

An East London KFC delivery man has been found guilty of exposing himself to a woman customer when he delivered her order to her...

Darkness descends on KPMG

BY GRAEME HOSKEN Auditing firm faces ruin as its reputation lies in tatters Auditing firm KPMG SA's reputation is in tatters and it faces ruin as...

Sunday Times: Minister Lynne Brown’s lover scores lucrative Eskom oil d

On the front page of the Sunday Times Tmg Digital Location: Johannesburg Public Enterprises Minister Lynne Brown’s longtime lover and a close associate scored lucrative oil tenders...

Hellopeter reveals how much South Africans like their banks

BY NICO GOUS Banks take on average 31 hours and 56 minutes to respond to customer complaints. This is according to a report released on Tuesday...

Hawks reviving charges against Gordhan

Former finance minister Pravin Gordhan is being investigated by the Hawks over the alleged bugging of the National Prosecuting Authority (NPA) offices in 2007‚...

Eskom lied to SA about R1.6bn payments to Gupta-linked Trillian

BY STEPHAN HOFSTATTER State-run utility admits to fake claims of legitimacy Eskom has admitted that it lied when it defended making payments totalling R1.6-billion to Gupta-linked...

Jobless youth, elderly need help

By Derek Yu The latest South African jobs statistics continue to reflect a shockingly high unemployment rate which will take some doing to reverse. Concerns about the...

‘Public editor’ proposed to open up SABC

By BEKEZELA PHAKATHI Right2Know wants society to have a say in content The Right2Know campaign has called for the appointment of a "public editor" at the...

Wits drops KPMG as their internal auditor

By Times LIVE The University of Witwatersrand (Wits) has become the latest client to drop KPMG as their auditor. Wits said in a statement on Wednesday the...

Reports of inflated contracts for chairs ‘misleading’‚ says Eskom

Eskom has rejected what it calls “the malicious and misleading” media reports that the company had “wildly-inflated contracts” for office and meeting room chairs. The...

Jail those implicated in KPMG saga: Manuel

By Nomahlubi Jordaan Former finance minister Trevor Manuel says those implicated in the KPMG scandal should go to jail. “People should go to jail because of how...

Seven years’ backpay for 61 Pick n Pay staff fired unfairly

BY DAVE CHAMBERS Sixty-one Pick n Pay staff have been reinstated by the Labour Appeal Court after being fired for going on strike for an...

SA economy exits recession

By Sunita Menon And Staff Writers SA has left the economic recession behind‚ for now‚ as gross domestic product grew 2.5% in the second quarter...

Technology Innovation Agency gets third clean audit

By TAMAR KAHN The agency receives its third unqualified audit option in an impressive operational turnaround; now it’s looking for funding The Technology Innovation Agency (TIA)...