Newsroom

Banele GinindzaThe Public Investment Corporation (PIC) has formally launched court proceedings to review and challenge an arbitration award granted in favour of Acapulco Trade and Investment.The award ordered the State asset manager to pay more than R411 million in compensation following the collapse of a financing arrangement linked to Lanseria…

As news about the “Please Call Me” secretive settlement was streaming, many wondered about the settlement amount. As someone who covered the “Please Call Me” matter, I reflected on this moment and its meaning. I think it will take time before we fully realise its true meaning. As many have done over…

The Johannesburg Stock Exchange (JSE) has denied any allegations of anti-competitive behaviour as it confirmed that the Competition Commission has referred it to the Competition Tribunal for prosecution, following a complaint lodged by rival exchange A2X Markets.A2X is an authorised stock exchange that offers a complementary platform where companies can…

Kerry Janse van Rensburg’s career has been a testament to the power of curiosity, resilience, and forward thinking.Today, as Head of Digital Operations at Pick n Pay, she is at the forefront of the retailer’s digital transformation, steering one of South Africa’s most recognisable supermarket brands through a period of…

Raubex Group experienced "a few isolated challenges" in the six months to August 31 that led to headline earnings falling 14% to R245.3 cents a share, but the order book and balance sheet are healthy, underscoring a positive outlook.This follows a revenue decrease of 1% to R10.84 billion. Operating profit…

It’s alarming to consider the implications of South Africa’s insurance gap, and even more concerning that so many consumers have little to no insurance protection in place. This leaves them dependent on the government, family, or credit (which often leads to debt) when the unforeseen occurs, creating far-reaching consequences for…

So, you’re finally flying solo. Whether you’re buying a car, moving into your own apartment, or starting that dream job, welcome to the world of doing your own laundry, debit orders, and… Insurance.Insurance isn’t just for ‘old people’. If you own anything of value – a car, a laptop, that…

Sibanye-Stillwater and Appian Capital Advisory have reached a commercial settlement in their long-standing legal dispute stemming from the termination of Sibanye’s proposed acquisition of Appian’s Atlantic Nickel and Mineração Vale Verde assets in January 2022.Under the terms of the agreement, Sibanye-Stillwater will make a total payment of $215 million, inclusive…

The World Bank’s Board of Executive Directors has approved the South Africa Metro Trading Services Program (MTSP) — the first-ever Program-for-Results (PforR) operation in South Africa — aimed at strengthening the accountability, financial sustainability, and operational performance of essential urban services in the country’s eight largest metropolitan municipalities.The $925 million…

Vodacom’s 32% interim headline earnings growth reported Monday was at the lower end of guidance it revised days ago following the one-off payment to Kenneth Makate to settle the Please Call Me matter.Despite the settlement payment of an undisclosed amount, but now widely speculated to be close to R500 million,…