PwC investigation reveals how fake transactions artificially inflated Steinhoff’s profit by $200m

BR Reporter|Published

One particular fraud was perpetrated through a contribution of $162m from one Steinhoff subsidiary, SEAG Austria, to another, Mattress Firm, referred to throughout ...

PPC to invest R3bn in advanced cement plant, aiming to regain market share and cut costs

BR Reporter|Published

In a bold R3 billion investment, cement giant PPC announces plans for a cutting-edge integrated plant in the Western Cape. This strategic move, featuring solar power ...

Tiger Brands reports strong annuals as CEO promises to restore the company’s ‘roar’

BR Reporter|Published

Tiger Brands’ shares shot up nearly 5% yesterday as it reported full-year results that, as CEO Tjaart Kruger said, ‘restored the roar’ to the company.

Sizwe Africa IT distances itself from alleged conflict of interest in 55 000 tablet contract

BR Reporter|Published

According to reports, the contract’s estimated price increased from R160 million to R537. 4m

The gig economy's role: Uber's R17bn contribution to SA in 2023

BR Reporter|Published

It estimates that drivers and delivery people using the Uber app earned an additional R2. 3bn annually—averaging 57% more than their next-best alternative. The flexibility ...

Eskom extends deadline for KRN2 meter compliance with new technical solution

BR Reporter|Published

Thanks to a new feature on Eskom's online vending system, Key Change Tokens (KCTs) can now be pre-generated.

Interest rate cut could spur first-time homeowners, but more remains to be done economically

BR Reporter|Published

This is the second cut in a row, although below economists’ hopes that it would be trimmed by 50bps.

South Africa declares foodborne illnesses a National Disaster and launches R500m fund for spaza shops, SMMEs

BR Reporter|Published

The government has declared foodborne illnesses a national disaster, resulting in at least 22 deaths. In response, a R500 million fund has been established to support ...

VBS Bank Fraud: municipal manager faces justice in R100k penalty

BR Reporter|Published

Former Fetakgomo-Tubatse municipal manager Johannes Mohlala receives suspended sentence and R100,000 fine in the ongoing VBS Mutual Bank scandal investigation, marking ...

Eskom to challenge Nersa's new power trading licences in High Court

BR Reporter|Published

Eskom came out guns blazing against the recent decision by the National Energy Regulator of South Africa (Nersa) to issue multiple electricity trading licenses within ...

Competition Tribunal blocks Vodacom's R10. 2bn fibre merger with DFA and Vumatel

BR Reporter|Published

The Competition Tribunal has prohibited Vodacom's R10. 2 billion merger with Dark Fibre Africa and Vumatel, blocking the creation of South Africa's largest fibre ...

Former Steinhoff CFO pleads guilty to R367m in fraud, to spend five years behind bars

BR Reporter|Published

La Grange’s sentencing follows that of Gerhardus Burger, who pled guilty to three charges of insider trading in contravention of the Financial Markets Act on 26 ...

Entrepreneurship is a vital means of survival in SA townships

BR Reporter|Published

The survey revealed a grim picture: 47% of township households depend on salaries, 45% rely on grants, and various others resort to informal means, such as street ...

Fedhasa welcomes finalisation of remote working visa, points-based work visa system

BR Reporter|Published

The remote working visa and a points-based work visa system have been finalised and will be launched within a month.

Fitch affirms SA’s current rating at BB- with a stable outlook

BR Reporter|Published

Treasury said it noted Fitch’s statement, saying the government’s strategy for fiscal consolidation over the medium term involved exercising expenditure restraint ...

Postbank shenanigans to be revealed soon as Malatsi refers KPMG report to Hawks

BR Reporter|Published

The minister says he has received the forensic report on governance and financial breaches at Postbank, which resulted in financial losses of R89. 5 million, during ...

Post Office applies to Treasury for R3. 8bn funding to fully carry out business rescue

BR Reporter|Published

The BRPs had decreased the liabilities of Sapo to R440m by June 30, 2024 from R8. 7bn on July 10, 2023.

SPEECH: President of the New Development Bank, Dilma Rousseff

BR Reporter|Published

Remarks at the Ninth Annual Meeting of the Board of Governors of the New Development Bank Opening Session.

Relief for motorists as fuel prices to drop to lowest level since January

BR Reporter|Published

The Department of Mineral Resources and Energy yesterday said 93 and 95 octane petrol will drop by 15c per litre, while 0. 05% diesel decreases by 28c per litre, ...

Ten-year relationship between Pick n Pay and Discovery Vitality food officially ends

BR Reporter|Published

Mergence Capital believes Vitality is not as important for food shopping as it is for gym membership.

Checkers Sixty60 ups its e-commerce ante with new offering after Amazon SA launch

BR Reporter|Published

Checkers is beta testing the new and improved version of its app.

No need to stash the cash! SARB’s CODI is here to protect local consumers in case of bank failure

BR Reporter|Published

CODI, which is the newest SARB subsidiary, is designed to safeguard the most vulnerable depositors in our society. It provides cover of up to R100 000 to each qualifying ...

Daybreak Farms bolsters its executive team to steer growth, foster better corporate governance

BR Reporter|Published

In 2022 the PIC overhauled the company’s board in light of reports of multimillion-rand irregularities at the chicken producer, appointed new auditors and established ...