Business & Economy
[Top Story] The impact of microfinance on the economy

[ad_1] SIMON BROWN: I’m chatting now with Monique Pennells, head of non-bank monetary establishments at Absa CIB. Monique, I recognize the early morning time. In a observe that you simply put out only in the near past in South Africa you talked about that there are over 6 000 energetic and

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Business & Economy
A tale of two consultants: First Bain, now McKinsey, in state capture dock

[ad_1] Days after Boston-based consulting agency Bain & Co was banned from tendering for public work for 10 years by National Treasury, fellow world consulting agency McKinsey confronted its personal reckoning with justice over state capture allegations. For Bain, the general public sector ban was punishment for the destruction it

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Business & Economy
Elon Musk offers to close TWITTER deal at original price

[ad_1] Elon Musk on Tuesday supplied to push by way of along with his buyout of Twitter at the original agreed price, simply weeks earlier than the scheduled begin of a bitter courtroom case over his efforts to withdraw from the deal. The world’s richest man stated in a submitting

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Business & Economy
Tax compliance efforts yield billions for the fiscus

[ad_1] Improved efforts with reference to taxpayer compliance by the South African Revenue Service (Sars) throughout the 2021/22 monetary 12 months, resulted in income collections of greater than R215 billion, up from R172 billion in the earlier monetary 12 months. ‘Specific initiatives’ alone raised virtually R21 billion (up from R9.4

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Business & Economy
Anglo signs deal for new renewable energy venture

[ad_1] FIFI PETERS: Here’s an attention-grabbing truth. The mining business will get round 5% of its present energy wants from renewable energy sources like wind and photo voltaic, and I noticed that from a PwC report a little bit earlier immediately. The remainder of its energy presently comes from non-renewable

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Business & Economy
Few Misconceptions About Traders and Trading

[ad_1] The historical past of the inventory market is a captivating one. Many affiliate inventory buying and selling with the hustle and bustle of the 20th century. However, the reality is that historical past of buying and selling could be dated again all the way in which to the 17th

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Business & Economy
Oceana to sell off cold storage business in R760m deal

[ad_1] Fishing group Oceana might be promoting its industrial cold storage (CCS) business to a consortium of traders in a R760 million deal, a transaction that it says will “enable it to invest and expand its core fishing business”. The consortium of consumers features a subsidiary of Old Mutual Alternative

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Business & Economy
Amcu rejects Sibanye’s PGM wage deal

[ad_1]  FIFI PETERS: Let’s dig into some mining issues now, the place we’ll meet up with the newest happenings at Sibanye-Stillwater’s platinum operations in Rustenburg, in addition to Marikana. The firm stated in an announcement on Friday that it [had] reached a wage deal with the National Union of

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Business & Economy
Nersa misses deadline for new electricity tariff methodology

[ad_1] Energy regulator Nersa has missed its personal “tight deadline” to finalise a new technique for figuring out the tariffs Eskom, municipalities, and all different electricity licensed suppliers could cost. A gathering of the vitality regulator on Thursday (29 September) famous that it’ll solely be finalised early subsequent 12 months,

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Business & Economy
Suddenly bitcoin looks more steady than many stocks

[ad_1] Historically famed for its volatility, bitcoin (BTC) out of the blue seems to be a beacon of calm compared with many marquee stocks which have taken a hammering in current weeks. In rand phrases, BTC is barely up over the month of September. In US greenback phrases, it’s down

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