Business Lead South Africa

Sanlam earmarks R2billion loan for Ubuntu-Botho in BEE share increase deal

JOHANNESBURG, October 31 – Financial services group and insurer Sanlam said on Wednesday that it plans to provide a R2 billion facility to its black-economic empowerment partner, Ubuntu-Botho or its subsidiaries, to support the execution of Sanlam’s empowerment strategy to be a diversified pan-African financial services group. This as Sanlam announced that it intends to issue […]

Africa In The News International Sport

Fifa bans Ghana’s Kwesi Nyantakyi for life after bribery and corruption charges

ZURICH, Switzerland, October 31  – Former president of the Ghana Football Association (GFA) Kwesi Nyantakyi was banned for life from football for bribery and corruption by Fifa on Tuesday. Fifa’s Ethics Committee found Nyantakyi guilty of other charges including conflict of interest. In addition to his life ban, Nyantakyi was fined 500 000 Swiss Francs […]

Business Lead South Africa

Rustenburg Implats forges ahead with laying off 1,500 workers in North West

JOHANNESBURG, October 31  – Impala Platinum (Implats) said on Wednesday that it was implementing its strategic restructuring plan that included the retrenchment of 1,500 workers at its Impala Rustenburg operation. This is despite Implats reporting its highest first-quarter mill tonnage at 3.15 million tonnes for the past six years between July and September, with tonnes milled at […]

In The News South Africa

Gauteng police urged to arrest man who doused girlfriend with petrol and set her alight

JOHANNESBURG, October 31  – The horrific death of a 31-year-old woman, Viwe Dalingozi, who was doused with petrol and set alight allegedly by her jealous boyfriend, has drawn the ire of Gauteng MEC for Community Safety, Sizakele Nkosi-Malobane, who is demanding the arrest of the suspect. Dalingozi was accosted and attacked by her boyfriend in her Johannesburg flat […]

In The News South Africa

“Room for rent”, penis enlargement adverts in Pretoria invade traffic signs, direction to police stations

PRETORIA, October 30 – Several traffic signs in and around the Pretoria central business district (CBD) and the highly populated Sunnyside have been colonised by a huge plastering of business owners advertising their wares — from “penis enlargement creams, vagina tightening creams, skin lighteners to rooms to rent. At the corner of Leyds and Rissik Streets, […]