Recent Posts

  • Fin24.com | Eskom, McKinsey settle over R1bn fee

    McKinsey, Eskom and the Asset Forfeiture Unit (AFU) have reached a settlement regarding the controversial fee McKinsey earned from Eskom, McKinsey has said. The settlement enables McKinsey to voluntarily return its fees for the 2016 Turnaround Programme, the management consulting firm said in a statement late on Friday afternoon. Prosecutors had sought to recoup over R1bn in consultancy fees that […]

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  • Fin24.com | BER cuts SA‘s growth outlook as Ramaphoria fades

    Stellenbosch University’s Bureau for Economic Research has downgraded SA’s growth outlook for the remainder of the year to 1.4% from 1.9%.  “The second quarter brought a stark reality check after the euphoria that characterised the early part of 2018,” said the BER in a summary of its findings on Friday.  The BER is an economic research institute that forms part […]

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  • Fin24.com | The real world cup winner? Online gambling

    Cape Town – The longer England captain Harry Kane and his team stay in the World Cup, the bigger the boost to the UK economy. But if there‘s one industry that stands to win whatever happens, it‘s betting. READ: Brits are set to wager an estimated £ 2.5billion on the World Cup, according to data published by the London Times, […]

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  • Fin24.com | VAT, fuel price hikes: Ramaphosa gives ministers 2 weeks for plan to ease consumer pain

    Government will in two weeks’ time announce a package of economic measures to cushion the public from the crippling effects of high fuel price hikes and the VAT increase, President Cyril Ramaphosa said on Friday. Addressing business and government leaders in Pretoria ahead of the BRICS Summit later this month, Ramaphosa said a panel made up of various stakeholders from […]

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  • Fin24.com | SA foreign-exchange reserves fall by $342m

    The SA Reserve bank said on Friday that SA’s foreign-exchange reserve had decreased by $342m between the end of May and the end of June, from $43.36bn to $43.02bn.   The bank’s gross reserves, meanwhile, which include special drawing rights and gold reserves, decreased over the same time period from $51.14bn to $50.58bn. “The decrease of $564m in the gross reserves […]

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  • Fin24.com | Mantashe to discuss Mining Charter with industry, unions in weekend summit

    Minister of Mineral Resources Gwede Mantashe will host key roleplayers in the mining industry this weekend for the long-awaited Mining Summit. The summit, held in Boksburg, will see the Department of Mineral Resources meeting with mining companies, unions and community groups to engage on the revised Mining Charter, ahead of its adoption as policy. In June, Mantashe told reporters the […]

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