Business In The News South Africa

South Africa slips 14 places in WEF Global Competitiveness Index

JOHANNESBURG, September 27 – South Africa’s performance in the 2017-2018 World Economic Forum Global Competitiveness Index (WEF GCI) slipped 14 positions from the 2016-2017 WEF GCI results, leaving the country ranking 61 out of 137 economies assessed in the annual survey. Corruption, crime and theft, as well as government instability were cited as three primary reasons why the […]

Business In The News South Africa

SA’s Chamber of Mines support trade union’s nationwide march against corruption

JOHANNESBURG, September 27 – The Chamber of Mines of South Africa said on Wednesday that it would join Business Unity South Africa and Business Leadership South Africa in support of the Congress of South African Trade Unions (Cosatu) stance against state capture and corruption. Thousands of workers and civil society organisations were expected to take […]

Business In The News South Africa

Another SA audit firm cut ties with Gupta-owned businesses

JOHANNESBURG, September 27 – Audit firm SizweNtalubaGobodo (SNG) has dumped Gupta-owned mining companies and resigned as auditors of the controversial business family’s Oakbay Resources and Energy Limited company. Last week Oakbay Resources, a miner of energy-related resources, with a priority focus on uranium and assets including Shiva Uranium, lost a high court bid aimed at preventing the Bank of […]

Business In The News South Africa

SA-China relationship has ‘great value’ – Minister Nhleko

JOHANNESBURG, September 27 – South Africa “attaches great value” to its relations with China, Public Works Minister, Nkosinathi Nhleko, said in his welcome remarks to the new Chinese ambassador, Lin Songtian. Nhleko’s comments were part of his congratulatory message to China delivered at the Chinese embassy’s 68th national day celebration reception held in Pretoria on Tuesday. […]

Business Lead South Africa

Sunday Times report on PIC distasteful, inaccurate – Matjila

 PRETORIA, September 26 – Public Investment Corporation (PIC) chief executive Dan Matjila on Tuesday rubbished a newspaper article which quoted him as saying there are powerful individuals who are targeting him as they seek access to the R1.9 trillion of pension money he manages on behalf of South African government’s employees. “I think the article that appeared in […]

Business In The News South Africa

Thulasizwe Mbele appointed head of strategy of Business Leadership SA

JOHANNESBURG, September 26 – Business Leadership South Africa (BLSA) announced on Tuesday the appointment of marketing guru Thulasizwe Mbele as its new head of strategy with immediate effect. This comes as BLSA’s new leadership team continues to take shape following the appointment of Bonang Mohale as chief executive in June, and Themba Maseko as communications director in […]