Moses Kgosana, who was due to take the role of Alexander Forbes chairman from the end of August, withdrew from the position after allegations emerged related to his tenure as CEO and senior partner at KPMG South Africa. KPMG
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South African Airways has identified Vodacom Group executive Vuyani Jarana as the leading candidate to become the struggling state-owned carrier’s first permanent CEO since November 2015, according to three people familiar with
Eskom recently repeated that it will not conclude supply contracts with the developers of new renewable energy power stations. These developers were selected under a programme to facilitate private sector involvement in the
Disgraced former SABC chief operating officer Hlaudi Motsoeneng wants to be president of South Africa. According to various media reports on Monday, Motsoeneng, who was dismissed from the
Public enterprises minister Lynne Brown has named four interim members to the board of embattled state-owned electricity company Eskom. The appointees are Banothile Makhubela, Sathie Gounden, Pulane Molokwane
Inflation rate rose for the first time this year in May after food-price growth quickened from the slowest pace since December 2015. Consumer price inflation accelerated to 5.4% from 5.3% in April, matching
At the rate foreign investors are deserting South African stocks, the country’s main index should be in decline. It’s not, thanks largely to two shares that draw their strength from Hong Kong and Zurich. The JSE’s benchmark is up 0.6%
South Africa is likely to miss its 1.3% growth target this year and may have to curb spending to stick to its budget framework, finance minister Malusi Gigaba said on Thursday. “We do believe there are a number of hard decisions that will
Eskom chairman Ben Ngubane has resigned amid management turmoil and probes into its financial dealings, weeks after its CEO was removed. “Ngubane formally tendered his resignation, which I accepted
Hlaudi Motsoeneng has been fired. SABC interim board chairwoman Khanyisile Kweyama said on Monday that the public broadcaster’s former chief operating officer had been given his marching orders. Motsoeneng was dismissed over comments