120 Subject to jobs and empowerment conditions. A management-led consortium and a Saudi Arabian investor group have secured the Competition Tribunal’s approval to acquire Barloworld, subject to public interest conditions on employment…
Category: Business
Starlink locked out: South Africa stalls while neighbours surge ahead
150 The author, Jessica Gbedemah When Elon Musk claimed earlier this year that Starlink was being blocked in South Africa because of black economic empowerment rules, it ignited a debate that went…
Eskom launches 291MW solar programme for big power users
128 Eskom CEO Dan Marokane Eskom is expanding its renewable energy programme with a new offtake arrangement that will make 291MW of solar PV capacity available to large power users. The state-owned…
The steady decimation of SA’s middle class over the last decade
121 The middle class in South Africa is under severe strain, easily the most stress in two decades. There are signs of this everywhere you look. Results from supermarket retailers show a…
MTN shares tumble on news of US probe
138 News that MTN Group is facing an investigation by a US department of justice grand jury sent its shares tumbling 9% on Monday, overshadowing results showing it made a half-year profit…
Here’s what defines a worthy internship
116 Companies must recognise that interns cannot be used as role fillers. Most companies have integrated internship programmes into their strategies to find graduates with no experience to mould into the perfect…
MTN South Africa cuts revenue outlook as competition bites
161 MTN South Africa has revised its mid-term service revenue guidance downwards as the operator faces stiffer competition in its home market, despite a positive upswing in its operations in the rest…
Sars to get tougher as it chases R513 billion in unpaid tax
152 If the taxman scares you, you better run. He is on a mission to find almost half a trillion rand and will be tougher and more efficient. Taxpayers can expect Sars…
Can South Africa reform fast enough to beat unemployment?
107 Economists calculate that unemployment can only be reversed if the economy grows by 3% but economic growth is happening too slowly. Everybody agrees that South Africa should change, but can it…
US grand jury probing MTN over Iran, Afghanistan allegations
163 MTN Group on Monday disclosed that it is now the subject of a grand jury investigation by the US department of justice. The investigation will look into MTN’s operations in Afghanistan…