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Business Leadership SA urges Zuma to sign FICA amendment bill now

24th January 2017 On the eve of public hearings on the Financial Intelligence Centre (FIC) Act amendment bill, Business Leadership South Africa (BLSA) urgent President Jacob Zuma to sign it into law urgently, dismissing objections to it as unfounded. “BLSA believes that none of the objections raised are... 

Eskom will appoint a permanent CEO soon – Lynne Brown

24th January 2017 Public Enterprise Minister Lynne Brown on Tuesday, said that Eskom would appoint a permanent chief executive office (CEO) within the first quarter of this year. Eskom’s top job became vacant at the end of December, when former CEO Brian Molefe resigned following his implication in possible... 

Passenger transport sector braves for tough wage negotiations

24th January 2017 The South African Transport and Allied Workers’ Union (Satawu) on Monday, said it was ready for tough wage negotiations beginning this week for the passenger bus sector. The transport unions and employers in the South African Road Passenger Bargaining Council would put their offers on the table... 

UK investors set to help South Africa's outsourcing industry

24th January 2017 Key role-players in the UK’s Business Process Services (BPS) industry with operations in South Africa have agreed to work with the Department of Trade and Industry (DTI) to enhance the country’s value proposition, the DTI said on Tuesday. The decision to set up a technical working group was taken... 

Absa campaign ‘led by Gupta-sponsored groups,’ – EFF

23rd January 2017 A campaign to get Barclays-owned Absa to pay back apartheid debt is led by “State Security” and the controversial Gupta family, Economic Freedom Fighters (EFF) leader Julius Malema said on Monday. The EFF has been attacked in recent times for being complacent after announcing that it would occupy... 

Infrastructure gap in Africa ‘is not just about funding’

23rd January 2017 Lack of infrastructure is frequently cited as being among Africa’s biggest problems and it is often blamed on lack of funding. Another point of view (and one that comes with a plan on how to tackle it) is that raising more funding is less of a problem than making existing funding work. Ravi... 

Fly Blue Crane business rescue practitioner confident of success

23rd January 2017 The business rescue practitioner overseeing Fly Blue Crane’s re-engineering process Etienne Naude says he is confident that the airline will overcome its current problems and go on to prosper. He has also been encouraged by the high morale, determination, and focus of both the management team and... 

Guptas lambast Gordhan in court papers

20th January 2017 Oakbay Investments, the company owned by the wealthy Gupta family, on Friday lambasted Finance Minister Pravin Gordhan’s court application seeking a court order enforcing his decision not to intervene in the debacle relating to the South African banks that cut links with the controversial family.... 

Ramaphosa hopeful Trump will have ‘positive disposition’ to Africa

20th January 2017 On the eve of Donald Trump’s inauguration as President of the United States, South Africa Deputy President Cyril Ramaphosa said he was hopeful the US leader would have a “positive disposition” towards Africa and South Africa. “He is going to be inaugurated tomorrow and clearly he is going to be... 

Ramaphosa concludes ‘productive’ visit to Davos

20th January 2017 South Africa Deputy President Cyril Ramaphosa has concluded his visit to the World Economic Forum (WEF) annual meeting in Davos-Klosters, Switzerland, where he delivered the message that South Africa was hard at work and remained open for business. A statement from his office on Friday said... 

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