Zuma, Gordhan war nears its endgame

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The showdown between President Jacob Zuma and finance minister Pravin Gordhan over control of the nation’s finances appears to be reaching its endgame, after prosecutors summoned the minister to appear in court next month

For FNB, it’s all about the app

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First National Bank has continued its push to get more of its customers using its app as their primary channel for transacting, payments and banking. In previous years, it slowly dangled the proverbial carrot to incentivise

Naspers: the elephant in the index

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With SABMiller out of the JSE Top 40, Naspers now accounts for roughly a fifth of the index – a risk for anyone tethering their savings to the index. Naspers trades on a price-earnings multiple of about 100, which is perilously close to

SA faces train smash if Gordhan axed

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The relatively trivial nature of the charges against finance minister Pravin Gordhan, and the way in which the prosecution has been pursued, leads to the conclusion that this is a trumped up charge. It also suggests that Gordhan

Pinnacle offers to buy, delist Datacentrix

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Technology group Pinnacle Holdings has made an offer to buy out minority shareholders in Datacentrix and, if successful, plans to delist the IT services company from the JSE. Pinnacle told shareholders in a notice published on the JSE’s

Altron leaps higher on earnings update

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Altron’s share price leapt higher on Friday on news that the long-troubled JSE-listed technology and industrial group is set to report a swing to profitability in the six months to end-August 2016. Headline earnings per share for total

DA files papers to have Hlaudi booted

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The Democratic Alliance has filed papers in the Western Cape high court to have former SABC chief operating officer Hlaudi Motsoeneng’s appointment as group executive of corporate affairs declared invalid. In its application, the

Cape Town’s VRCade to open in Jo’burg

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The team behind a popular virtual reality arcade at Cape Town’s Victoria & Alfred Waterfront is now planning to bring the concept to Johannesburg. Founder Zach Joubert, an advocate and member of the Cape

Goldman Sachs warns over ANC turmoil

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Divisions within the ANC are deepening and a potential downgrade of South Africa’s debt rating to junk isn’t fully priced in by markets, according to Goldman Sachs Group. The rand slumped as much as 4,3% against the dollar on