Saturday, July 21, 2018

Local Yokel campaign benefitting city

AS THE only regional ‘shop local’ campaign in South Africa, Megan Devan’s Local Yokel is making waves in East London. Now in its third year,...

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...

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...

‘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...

EL company’s sweet success at bridal event

Lady Marmalaide judged best in SA for wedding boutique dresses LADY Marmalaide East London recently won the Top Vendor Wedding award for best bridal boutique...

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...

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...

‘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...

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...

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...

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...

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...

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...

Shoprite to take on Woolies

SA’s leading supermarket group aims up as recession hits lower-end consumers first As South Africa slides into recession, and households have less and less to...

Fire at Exclusive Foods Vincent (Video)

A fire broke out at Exclusive Foods, Vincent, around midnight last night when an adjacent substation shorted and subsequently ignited. Firefighters were quick to respond...

Embattled rand slides dangerously close to R14/$

The rand was almost 2% weaker against the dollar on Tuesday morning‚ as the trade spat between the US and China escalated‚ casting a...

Gupta proxies fight back with a barrage of lawsuits

Business rescue practitioners appointed to oversee eight Gupta firms are drowning in a flood of court applications brought by the directors of the businesses....

WALKING THE TALK

 As part of their commitment to building relationships and solving important problems, financial consultancy PwC South Africa supports the Men in the Making programme....

Looking back (2)

  East London, or, as it was known as ‘Port of East London’  sprung and grew as a result of the important harbour at the...

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...

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...

Parliament mulls lifeline for debt-riddled South Africans

Parliament’s trade and industry committee is in the final stages of processing a draft bill providing debt relief for heavily indebted consumers which remains...

Rand on track for worst level since late November

The rand weakened to within a hair’s breadth of the symbolic R14/$‚ putting it on track for its worst quarterly performance since 2011. The rand...

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...

Petrol shock forecast for June

Fuel prices will jump to record highs in June‚ says the Automobile Association (AA). Petrol is expected to rise by up to 85 cents a...

Ways to boost BCM economy

ONE of the most important tasks for any municipality is the managing of private investment in their area. Private enterprises are a major source...

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...

State thrashed in R250m court battle with the Guptas

“A serious blow to the fight against organised crime.” That’s how the National Prosecuting Authority has reacted to the Guptas’ successful court bid to unfreeze...

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...

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...

Money alone can’t fix Eskom – analyst

Energy expert Chris Yelland says government has to fix the real problems at Eskom‚ not just throw money at the parastatal. Speaking to TimesLIVE on...

New Madiba banknotes and coins to go into circulation to make his...

You will soon find former president Nelson Mandela at your closest cashier as new coins and banknotes commemorating his 100th birthday go into circulation...

Brace yourselves for another fuel hike‚ warns AA

South Africans are in for another fuel price hike shock. The Automobile Association outlook for August predicts that fuel prices are likely to rise again...

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...

Upmarket display for Eastern Cape artists

Solemn ceramic cows, quirky felt sheep, swirly wire baskets and vibrant beaded bags are some of the innovative crafts now on display at Hemingways...

Rand strengthens from oversold levels

  The rand was firmer against the dollar and pound on Friday morning‚ but flat against the euro‚ as markets digested weak US data that...

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...

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...

Bhisho probes R2m software contract

The information communication technology (ICT) manager in the office of the premier is under investigation for allegedly authorising a payment of almost R2-million for...

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...

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...

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...

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...

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...

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...

Ford offers Kuga owners settlements to squash class action suit

BY GRAEME HOSKEN Global motoring giant Ford is offering to settle the bank loans of Kuga owners whose vehicles have either caught alight or malfunctioned. Ford...

JSE up almost 2% as markets cheer retreating greenback

The JSE looked set to end June with a strong performance on Friday‚ amid risk-on trade on global markets. Local banks led the gains on...

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...

SABC staff to strike on Thursday

SABC staff are set to down tools on Thursday after wage talks broke down between unions and management. Union Bemawu informed members on Monday that...