The PIC has made investments on behalf of the government pension fund in Sanral bonds since 1998, says Pravin Gordhan.
The company significantly impairs its East and West African operations after poor performance.
The company doubles its loss forecast due to large one-time tax expenses.
Despite improvements, the IMF says regulators need more expertise and government support.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
The company's cost-saving initiatives pay off in the new financial year.
The listed company buys the World of Avatar venture for an undisclosed amount.
The company is transitioning its revenue model, while restructuring causes expenses to leap.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
Telkom's disposal of its Nigeria-based Multi-Links unit is expected to hammer its full-year earnings.
The R15 billion investment by the government pension fund in Sanral has been labelled as insider trading.
The company anticipates higher margins after buying an 80% stake in LTP Mast and Infrastructure.
Top business technology headlines 20 - 26 February 2022
A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases
The disciplinary process against Phineas Moleele has been abandoned.
The federation is more determined to stand against the implementation of e-tolling.
This week, in a YouTube video, employees will relate how they were escorted out of the building like criminals.