Home / Articles posted by Caroline Biscotti

  • Fin24.com | Esor Construction files for business rescue

    Fin24.com | Esor Construction files for business rescue

    Esor Construction, a subsidiary of Esor [], has applied for business rescue. On Monday, it said in a note to shareholders that it was in financial distress and owed creditors about R130m. The main causes were significant losses incurred on certain construction contracts in the current and prior financial years, the challenging economic environment in the construction sector, and an... Continue reading

     
  • Fin24.com | Rand will rally – even though it‘s hit second-hardest, say analysts

    Fin24.com | Rand will rally – even though it‘s hit second-hardest, say analysts

    There is currently no reason to believe the rand won‘t “pull back”, with the majority of trade for the rest of the year being concentrated in the R13.00 – R14.00 range, say analysts from Rand Merchant Bank Global Markets Research and Sales. The rand‘s initial weakness on Monday morning does not represent a fair assessment of where it should be... Continue reading

     
  • Fin24.com | Treasury: Economic growth will be done by the book

    Fin24.com | Treasury: Economic growth will be done by the book

    Any plans government considers to stimulate economic growth will be above board and go through the necessary channels, National Treasury insisted on Monday.  In a statement, Treasury addressed skepticism around proposals including a sovereign wealth fund, which would be an investment pool made up of money from the country‘s reserves. Critics have called for clarity on how such a fund... Continue reading

     
  • Fin24.com | Debt hitting SA‘s single women harder

    Fin24.com | Debt hitting SA‘s single women harder

    Single women in South Africa seem to be struggling with their debt more than their single male counterparts, according to debt counselling and consolidation firm DebtBusters. Unsecured debt refers to a loan or credit agreement that does not have an asset, such as a house or car, serving as collateral for payment of the debt. In a statement, DebtBusters said... Continue reading

     
  • News24.com | Give us reality, not news

    News24.com | Give us reality, not news

    I would just like to know how News24 doesn‘t cover the violence or trurth happening. I drove from Sandton to Northem over the weekend. I witnessed three land grabs in a space of 200km. Not one of them are here. The protest in Rustenburg? Nothing. This news is run by the government.  I know of more Zimbabwe violence than of... Continue reading

     
  • News24.com | Did Julius Malema score an own-goal?

    News24.com | Did Julius Malema score an own-goal?

    Is it hypocrisy or it is a case of behind the scenes deals? Juju as he is affectionally known, Malema has established himself as the kingmaker of South African politics and I would want to call him the supreme president of the republic because the ANC government listens to him. Everything he says goes. Malema vigorously campaigned for Jacob Zuma’s... Continue reading

     
  • News24.com | Racists will be racists, regardless of geography

    News24.com | Racists will be racists, regardless of geography

    I read with keen interest the comments posted by about racist South Africans in New Zealand. It made me laugh out loud and heartily. My parents moved to New Zealand in 1976 due to their political leanings and my parents being tired of the constant harassment by the secret police. During our time in New Zealand as a family of... Continue reading