Edward West

Multimedia Journalist, Business

Jonas’s US envoy role under spotlight as MTN’s anti-terrorism lawsuit lingers

Edward West|Published

MTN Group is embroiled in a high-stakes lawsuit under the US Anti-Terrorism Act, coinciding with the controversial appointment of Mcebisi Jonas as South Africa's ...

Jonas’s US envoy role under spotlight as MTN’s Anti-Terrorism lawsuit lingers

Edward West|Published

MTN Group is embroiled in a high-stakes lawsuit under the US Anti-Terrorism Act, coinciding with the controversial appointment of Mcebisi Jonas as South Africa's ...

Proposal that broke Budget 2025: 2% VAT increase amidst spending pressures

Edward West|Published

This increase would have further impoverish many financially struggling consumers has drawn the ire of Government of National Unity party members

Mining fatalities down, noise-induced hearing loss cases a concern

Edward West|Published

South African mining fatalities decreased to 42 in 2024, marking a significant improvement in industry safety standards.

SA unshaken by Trump threats

Edward West and Nicola Daniels|Published

Mineral Resources Minister Gwede Mantashe threatened to withhold critical minerals from the United States in response to Donald Trump's criticism of South African ...

Eskom reports a turnaround at its half year stage, with a R17. 83 billion profit despite many challenges

Edward West|Published

Further indication of a restoration of balance sheet health was the R33. 01 billion cash balance, which is double the R16. 36 billion held in cash at the same time ...

Sekunjalo argues it will face irreparable damage if Nedbank doesn’t open its bank accounts

Edward West|Published

Advocate Katlego Monareng said that no South African company could operate meaningfully in the economy without a bank account. Excluding a significant player like ...

The big impact of Chinese vehicle imports on the South African manufacturing sector

Edward West|Published

November may have represented the second consecutive increase in monthly new vehicle sales this year and might signal the start of a long-awaited upward trend in ...

Cosatu welcomes the R67m asset seizure from former Steinhoff executive Stéhan Grobler

Edward West|Published

Grobler’s court proceedings have been postponed to February to allow for further investigation by the National Prosecuting Authority.

NDB remains well able to fund developing country projects despite fraught global financial markets

Edward West|Published

The bank’s president, Dilma Rousseff, said on Saturday that the bank has nonetheless remained in a good financial position, and its liquidity, reserves and loan ...

Transnet signs R5bn loan with New Development Bank to improve its freight rail services

Edward West|Published

South Africa’s buckling freight rail systems have in recent years become an impediment to the economy, with industry and mining groups having lost billions of rands ...

Bank Ombudsman finds 76% in favour of banks

Edward West|Published

Of the complaints from clients of Capitec, 64% became formal complaints, 37% for FNB, 48% for Standard Bank, 64% for Nedbank, 79% for African Bank and 63% for TymeBank. ...

Eskom, outsource all your contact with ordinary people: Current situation is shocking

Edward West|Published

While much has been said about Eskom’s latest three months of no load shedding, the fact is consumers that rely on Eskom power are one broken pre-paid meter away ...

Standard Bank confirms there is no ‘breach of system’

Edward West|Published

The bank apologised to customers for delayed responses when calling their call centre following multiple claims from customers about a security breach at the bank. ...

Nedbank CEO Mike Brown gets a 6. 3% pay increase after bank meets targets

Edward West|Published

Brown said in the annual report that no findings were made against Nedbank in the Zondo Commission reports, but it was recommended that some transactions involving ...

Tongaat Hulett is headed for court to defend its business rescue plan

Edward West|Published

A creditor claims that the business rescue plan unduly favours the consortium buying Tongaat Hulett, the Vision consortium, and a group of financial institutions ...

High Court sets aside government plans to take plant foods off the shelves

Edward West|Published

Consumer body urges the government to formulate new food regulations that cater specifically for plant-based food products.

New infrastructure projects worth R180bn are raring to go - Ramaphosa

Edward West|Published

It is anticipated more than 400 000 jobs, both direct and indirect, will be created during the construction and operation of the 12 projects.

Mondi to merge with DS Smith to create a global packaging leader

Edward West|Published

In one of the biggest multinational corporate deals this year, ...

Transnet secures key leadership with new CEO and CFO appointments

Edward West|Published

Transnet acting CEO Michelle Phillips has been appointed as the CEO of the ailing state-owned logistics group Transnet, while Nosipho Maphumulo has been appointed ...

South Africa taps reserves to tackle debt

Yogashen Pillay , Siphelele Dludla and Edward West|Published

Finance Minister announces R150bn drawdown from contingency reserves.

Budget 2024: Tax incentive for local auto makers to produce electric cars

Edward West|Published

Finance Minister Enoch Godongwana proposed that producers of electric vehicles in South Africa would be able to claim 150% of qualifying investment spending as an ...

Budget 2024: Government to spend R943. 8bn on infrastructure in three years

Edward West|Published

South Africa’s total capital investment of 14. 2% of gross domestic product (GDP) in 2022 is well below the National Development Plan target of 30% and public sector ...

Budget 2024: Treasury says SOE bailouts are unsustainable

Edward West|Published

The financial position of state-owned entities has deteriorated further in 2022/23 due to the weak economy and historically poor performance.

Budget 2024: Government announces social grant increases to cover inflation

Edward West|Published

The government announced increases in its national Budget yesterday to the social grants to keep pace with inflation.