Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
In energy matters, the government appears enslaved by ‘first world’ norms and standards
The accused were arrested as part of a Hawks operation to nab alleged instigators who incited public violence during looting and destruction in 2021
Nedbank failed to comply with certain provisions the Financial Intelligence Centre Act
Mudiwa Gavaza is joined by Larry Masson, a financial adviser and franchise principal at Consult by Momentum.
Parent company London-listed Pearson Plc said the disposal was part of a strategic review.
US attorney-general Merrick Garland has asked a judge to unseal the search warrant for Trump’s home
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
Rushdie’s condition is not immediately known
In the wake of disclosures this week that finance minister Nhlanhla Nene previously met the controversial Gupta family, a report has found that his son was involved in securing a Public Investment Corporation (PIC) investment while his father was still chair of the corporation.
The Mail & Guardian and amaBhungane reported on Friday that Siyabonga Nene asked the PIC to fund part of a deal between a company he ran with business partner Muhammad Amir Mirza — Indiafrec Trade and Invest — to acquire 50% of S&S Refinery LDA in Mozambique in 2014.
Later in 2014 a new company owned by Mirza, called Zaid International, was mentioned in the deal, while Siyabonga Nene’s name and Indiafrec fell away.
A referral fee of $1.7m (R18.5m at the time) from the PIC was later paid to Mirza’s company. Zaid International is registered as a United Arab Emirates free-zone company, and those are typically tax free and opaque...
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.