Business In The News South Africa

Gauteng Transport MEC pleads for peace between warring Soweto taxi operators

JOHANNESBURG, June 6 – Gauteng MEC for Roads and Transport, Ismail Vadi, on Tuesday pleaded for peace between two rival taxi associations in Soweto, saying that violence would not resolve their differences. This comes after police arrested three suspects for being in possession of illegal firearms after a shootout broke out on Tuesday morning in […]

Business In The News South Africa

Gupta-owned Oakbay Resources loses JSE sponsor over ‘associated risk’

JOHANNESBURG, June 5 – Oakbay Resources and Energy, which is owned by the controversial Gupta family, on Monday lost its JSE sponsor, River Group, after being given notice of the termination of their appointment as sponsor. River Group is a JSE sponsor, designated adviser and international corporate finance boutique with a 19-year track record. The […]

Business In The News South Africa

Strata Healthcare barred from administering medical aid schemes

JOHANNESBURG, June 5 – The Council for Medical Schemes (CMS) on Monday withdrew accreditation of Strata Healthcare Management as a managed care organisation with effect from 31 May. CMS said this follows Strata’s failure to meet ‘the fit and proper’ criteria for rendering medical scheme administration services, as set out in Medical Schemes Act. Strata […]