Fed officials say the central bank will ‘stick to its guns’, despite softening inflation
Personalised politics is likely to unleash a swarm of malevolent single-issue candidates, writes Anthony Butler
The former eThekwini mayor and 21 others are charged with racketeering, fraud and corruption related to a R320m Durban Solid Waste contract
The premier announced her cabinet after a meeting with the ANC’s deployment committee and its alliance partners
The UK shopping centre owner says rent collection has returned to pre-Covid-19 levels, while it is seeing encouraging signs for retailer turnover
Stats SA says ongoing power cuts limited recovery in the sector and reduced production volumes
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
Labour shortages, soaring energy costs and Russia’s war in Ukraine are propelling prices for kitchen staples to new records, dragging family finances along for the ride
Fiery hooker comes in as coach Jacques Nienaber reshuffles front row for All Blacks showdown
The Italian SUV outguns the Bentley Bentayga's record
Rail monopoly Transnet, whose CEO is under fire for his role in a questionable locomotives deal, has had to sweet-talk lenders holding R15.8bn of its debt after a qualified audit on its 2018 results triggered a credit default.
In its agreement with the lenders, a qualified audit gives lenders the right to call in those loans, immediately.
Despite SA’s sovereign downgrade to junk status by ratings agencies S&P Global and Fitch, Transnet, which also controls SA’s ports and fuel pipelines, has managed to keep a stand-alone investment-grade credit rating. But it needs to maintain a good relationship with its lenders if it is to complete a planned R164bn investment programme over the next five years.
Transnet’s former CEO Brian Molefe and former CFO Anoj Singh have been deeply implicated in corrupt deals with the Gupta family, and the state-owned entity said it had uncovered R8.1bn in irregular expenditure going back to 2005 — R800m of that incurred in the past financial year to end-Marc...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email email@example.com or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.