Jeff Radebe, minister for planning, monitoring & evaluation, opened a can of worms on Thursday when he said three cabinet ministers held meetings with South Africa’s four big banks to get reasons why they decided to close the bank account of the
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So, the Gupta brothers have called South Africa quits. Although it is not really surprising, as virtually everyone but the president and his family have taken a hostile stance against the family, the swiftness of their departure has raised a few eyebrows
Oakbay Investments hit back at financial institutions that have cut ties with the company over its alleged links to the Gupta family and President Jacob Zuma on Friday. Oakbay Investments CEO Nazeem Howa told CNN that banks Barclays Africa
Gupta-owned company Oakbay Investments made contact with President Jacob Zuma and cabinet ministers to express its “deep disappointment” at banks closing its accounts, it was revealed in a leaked letter to staff on
First National Bank has closed the accounts of Gupta family-controlled Oakbay Investments, prompting Oakbay to demand an explanation from FNB CEO Jacques Celliers. FNB’s decision
KPMG has terminated its business relationship with the Gupta business empire due to the political storm surrounding the family’s friendship with President Jacob Zuma. KPMG was the auditor for all Gupta-owned and -controlled businesses
Google has emerged as the most attractive employer among professionals in the technology and engineering sector, according to a new survey. Students, meanwhile, rate Transnet tops in the same sector. Employer branding company
Experts are divided on the impact that the Protection of Personal Information (Popi) Act, due to take effect in the near future, will have on the South African economy. Some say it will hamper local businesses while others maintain it will enhance trade with countries that have stringent
Technology group Gijima is facing a difficult and uncertain future after it warned on Tuesday that it had failed to comply with financial covenants related to borrowings of R213m and auditor KPMG warned of “the existence of a material uncertainty which may
KMPG has released a new report on customer service in the prepaid mobile industry worldwide that has found that providing excellent customer service across the board is the key to keeping customers loyal and reducing churn. The company undertook a study