Semiconductor firms provide a timely boost with South Korea’s Samsung posting its best second-quarter profit in four years
Without the powerhouse, the JSE would have provided a dismal 3%-4% annually in rand in the last decade
‘The government is doing very little to mitigate the consequences this will have for everyone living in SA,’ says Amnesty SA’s Shenilla Mohamed
ANC national chair Gwede Mantashe and President Cyril Ramaphosa have previously defended cadre deployment
Michael Avery speaks to Chris Holdsworth, chief investment strategist at Investec Wealth and Investment
The move will speed up the process of procuring additional power for the grid
Business Day TV talks to CEO of the Small Business Institute, John Dludlu
Russian warplanes strike the recaptured island after Ukrainian soldiers raise the national flag
SA canoeist is excited about competing at the World Games in Alabama
The vertiport at Seletar could serve as a global model for what the future of mobility may look like
Kevin Wakeford, the CEO of state-owned arms procurement agency Armscor, has been granted special leave after allegations emerged against him at the commission of inquiry into state capture. The commission has been hearing testimony by former Bosasa COO Angelo Agrizzi, who has laid bare how the facilities company allegedly bribed ANC officials. Wakeford has allegedly been implicated in Agrizzi's affidavit to the commission. “In the light of the latest media developments where the CEO of Armscor, Mr Kevin Wakeford’s name was mentioned in the list of individuals who are said to have benefited from the Bosasa group and subsequent confirmation with the commission of inquiry into state capture, the CEO has requested special leave,” Armscor said in a statement. “Armscor can confirm that the organisation has not done any work and has no known commercial contract with the Bosasa Group, now called African Global Corporations.
“The board of Armscor has since granted Mr Wakeford special leave a...
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 firstname.lastname@example.org 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.