Suspicious payments flowed to a company owned by Johannesburg mayor Geoff Makhubo and to the ANC in the months directly before and after EOH landed major contracts with the city.
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Former EOH executive Jehan Mackay has taken centre stage in corruption allegations involving payments to senior ANC figures, including Zizi Kodwa and a former personal assistant to ex-President Jacob Zuma.
EOH CEO Stephen van Coller’s testimony at the Zondo Commission of Inquiry into State Capture inadvertently turned into a lecture on how corruption between the state and the public sector happens.
Technology and Internet stocks have been among the standout performers in 2020, but the scale of their advance has underlined concerns over valuation.
Huawei Technologies’ global smartphone market share is expected to fall to just 4% in 2021, a precipitous drop for the company that earlier this year ranked as the world leader in shipments.
Fintech start-up Stripe is in talks to raise a new funding round valuing it higher than its last private valuation of US$36-billion, according to people familiar with the matter.
South African business confidence has jumped to the highest level in more than two years as further easing of lockdown restrictions spurred a resurgence in activity.
South Africa’s headline consumer price inflation quickened to 3.3% year on year in October from 3% in September, data from Statistics South Africa showed on Wednesday.
The Public Investment Corp is willing to help Eskom resolve its debt crisis, finance minister Tito Mboweni said at the Bloomberg Capital Markets Focus virtual event.
Twitter has released plans for its new policy on how people are “verified” on the site, an area the company…