Business In The News South Africa

Put pride aside and participate in timeshare inquiry, says consumer commission

JOHANNESBURG, August 21 – National Consumer Commission (NCC) commissioner, Ebrahim Mohamed, has appealed to consumers who have problems with timeshare holiday companies to put their pride aside and participate in the ongoing inquiry into the industry. The NCC will hold public hearings in Polokwane in Limpopo on Monday and Tuesday this week. Similar hearings have […]

Business In The News South Africa

Chamber files replying affidavit in Mining Charter interdict application

JOHANNESBURG, August 18 – The Chamber of Mines filed its replying affidavit in the North Gauteng High Court on Friday, to support its interdict application which seeks to prevent government from implementing the 2017 Reviewed Mining Charter. This comes after mineral resources minister, Mosebenzi Zwane, last week filed his answering affidavit to oppose the Chamber’s application. […]

Business In The News South Africa

Zwane insists Mining Charter targets are ‘realistic and achievable’

JOHANNESBURG, August 18 – Mineral resources minister Mosebenzi Zwane on Friday defended the controversial Reviewed Mining Charter, saying that it was his firm belief that the Charter would give “practical expression to the meaning of radical economic transformation”   Speaking at the Black Business Council business breakfast in Johannesburg, Zwane said the economy must undergo […]

Business In The News South Africa

Gigaba sidesteps questions about Nene’s non-appointment to BRICS Bank

JOHANNESBURG, August 18 – Finance Minister Malusi Gigaba on Thursday distanced himself from the controversy surrounding the non-appointment of his predecessor, Nhlanhla Nene, to the New Development Bank, almost two years after the post was promised him. The  current acting head of the African Regional Centre of the New Development Bank is Tumisang Moleke, the […]

Business In The News South Africa

Sibanye records HY R4.8bln loss

JOHANNESBURG, August 17 – Sibanye Gold said on Thursday that it will report an attributable loss of at least R4.8 billion, or U.S.$360 million, for the six-months ended 30 June 2017, compared with attributable earnings of R333 million, or US$22 million, for the comparative period. Sibanye said the decrease in earnings was primarily attributable to non-recurring […]