Business In The News South Africa

FSB provisionally suspends JVN Asset Management (Pty) Limited

PRETORIA, June 24 – The registrar of financial services providers has provisionally suspended the authorisation of JVN Asset Management (Pty) Limited to act as a financial services provider with immediate effect. The decision follows the registrar receiving concerning information about the operations of JVN between March and June 2017, Financial Services Board (FSB) spokeswoman Tembisa […]

Business In The News South Africa

Group Five’s extraordinary general meeting sparks an exodus of board memebers

JOHANNESBURG, June 23 – Construction and engineering giant Group Five said on Friday that five directors will resign next month, including chairwoman Philisiwe Mthethwa, ahead of the extraordinary general meting called by one of the major shareholders. This comes after fund manager Allan Gray, whose clients hold 25 percent of the construction company, said last […]

Business In The News South Africa

Meat and petrol price increases drive up May CPI food inflation

JOHANNESBURG, June 21 – The headline Consumer Price Index (CPI) inflation lifted slightly in May to 5.4 percent from 5.3 percent year-on-year in April on food and petrol prices, Statistics South Africa said on Wednesday. Figures released on Wednesday, showed that South African food and non-alcoholic beverages price inflation rose to seven percent year-on-year in […]

Business In The News South Africa

Chamber of Mines concerned about mining contribution to GDP

JOHANNESBURG, June 7 – The Chamber of Mines said on Wednesday that the positive seasonal contribution of mining to the economy masked the current precarious position of the South African mining sector and “very concerning” underlying trends. Statistics South Africa reported on Wednesday that the mining sector’s performance during the first quarter of 2017 was […]