Browsing: News

Consultants became the gatekeepers and controllers of billions of rand in spending at state-owned enterprises.

The British prime minister has asked the cabinet office to look into allegations that the global consultancy was involved in corruption in South Africa, a report said.

South African private sector activity rose slightly in January as the Omicron wave of Covid-19 cases receded, lifting demand and stabilising new business.

A bribes-for-contracts scandal involving Neotel and Transnet should be referred to law enforcement for further action, the state capture commission has recommended.

Former Denel chairman Daniel Mantsha played a critical role in helping to capture the company for the Guptas, according to the state capture commission.

Energy minister Gwede Mantashe is being sued following the suspension of a National Nuclear Regulator board member who also works with a group fighting the lifetime extension of Koeberg.

South Africa’s financial regulator has warned traders to be “cautious and vigilant” when using FTX Trading Ltd, one of the world’s fastest-growing crypto exchanges.

A sub-variant of the Omicron coronavirus strain, known as BA.2, is spreading rapidly in South Africa and may cause a second surge of infections in the current wave.

Eskom will implement the first load shedding of 2022 from today, 2 February. The rotational power cuts will begin at 11am and continue until 5am on Monday.

MTN Group has raised gross proceeds R4.3-billion through the sale of shares in its Nigerian subsidiary that has seen its stake in reduced to 75.6%.