Home / Articles posted by Caroline Biscotti (Page 190)

  • Fin24.com | Ramaphosa first trying for re-election, then business confidence – economist

    Fin24.com | Ramaphosa first trying for re-election, then business confidence – economist

    Cape Town – South Africa got excited when President Cyril Ramaphosa was elected and there was an expectation that the country could be turned around very quickly – but one has to be realistic. This was the message from STANLIB chief economist Kevin Lings,speaking at an Allan Gray Investment Summit in Cape Town on Tuesday. “The most critical thing holding... Continue reading

     
  • Fin24.com | Eskom‘s head of security has resigned with immediate effect

    Fin24.com | Eskom‘s head of security has resigned with immediate effect

    Eskom‘s head of security resigned with immediate effect on Tuesday morning.  Eskom spokesperson Khulu Phasiwe said in a WhatsApp message to Fin24 on Tuesday that retired Brigadier-General Tebogo Rakau had stepped down.  He said the power utility was not at liberty to disclose employer-employee contractual matters with third parties. According to Eskom‘s website, Rakau was its divisional executive for security... Continue reading

     
  • Fin24.com | Huge disconnect between SA consumer confidence and economic reality, index shows

    Fin24.com | Huge disconnect between SA consumer confidence and economic reality, index shows

    There is currently a large disconnect between SA consumers’ sky-high expectations for domestic economic growth – and related household income growth – and the actual sub-par performance of the SA economy, shows the latest FNB/BER Consumer Confidence Index (CCI) released on Tuesday. The CCI report states that this is against the background of the change in SA’s political leadership in... Continue reading

     
  • Fin24.com | Nene opposes bid to force him to suspend PIC CEO Matjila

    Fin24.com | Nene opposes bid to force him to suspend PIC CEO Matjila

    Finance Minister Nhlanhla Nene is opposing the United Democratic Movement‘s demand to immediately suspend the head of the country’s biggest money manager because his department is already probing allegations of governance breaches at the Public Investment Corporation (PIC). The UDM on June 15 asked a court to direct Nene to suspend PIC CEO Dan Matjila, bar the PIC’s board from... Continue reading

     
  • Fin24.com | VBS 101 – from the masterminds to the mass fraud

    Fin24.com | VBS 101 – from the masterminds to the mass fraud

    The effective collapse of VBS Mutual Bank, where at least R1.5bn was found to have been looted, leaving more than 22 000 depositors in the lurch, has revealed explosive and wide-ranging allegations against several individuals. Investigations into the massive and growing saga are not yet done and more allegations are likely to surface. VBS was on March 11 and SizweNtsalubaGobodo... Continue reading

     
  • News24.com | UK‘s official Brexit campaign fined, referred to police

    News24.com | UK‘s official Brexit campaign fined, referred to police

    Britain‘s official Brexit campaign, Vote Leave, has been fined for breaking spending rules in the 2016 EU referendum, the Electoral Commission said on Tuesday, adding it had referred the case to the police. Bob Posner, the Electoral Commission‘s director of political finance and regulation, said there had been “a thorough investigation into spending and campaigning carried out by Vote Leave”... Continue reading

     
  • News24.com | 5 dead in helicopter crash at South Korean marines base

    News24.com | 5 dead in helicopter crash at South Korean marines base

    South Korea‘s military says five people died in a helicopter crash at a marines base in the southeastern city of Pohang. Seoul‘s Defence Ministry says the helicopter caught fire on Tuesday after it crashed to the ground from about 10m (33 feet) in the air. The ministry says one person survived the crash and was being treated at a nearby... Continue reading