Business Day TV speaks to Gemcorp’s chief economist, Simon Quijano-Evans
The Windlab deal will set Seriti up as a meaningful player in the renewable energy business
Durban plant may be at full steam only next year, with lost production of 68,600 vehicles likely
The governing party is discussing whether those criminally convicted of a serious crime should still have a home in the ANC
The commission referred Mpact and New Era Packaging to the tribunal for prosecution for cartel conduct in 2019
July credit and debit card transactions and vehicle sales show us demand is strong
New survey highlights the gender imbalance that has overshadowed SA’s corporate sector for years
Aliko Dangote to lead a panel set up to find ways to cut resurgent malaria’s prevalence in Nigeria
England Test captain says he hopes his team has retained their “venom” before the three-match series against SA
Remarkably easy to travel to and magnificent to behold, the Falls are the top attraction of this Zimbabwean town with decent hotels and outdoor activities
The board of the Public Investment Corporation (PIC) allowed its former CEO, Dan Matjila, to run investigations into leaked information that implicated him to target whistle-blowers, an inquiry heard on Monday. The PIC's former executive head of risk, Paul Magula, was testifying at the inquiry into the PIC’s governance, which is being led by retired judge Lex Mpati. The corporation has been embroiled in numerous controversies including allegations of corruption.
Magula was dismissed from the PIC in 2018 due to unsatisfactory performance and serious allegations of negligence that stemmed from his time as a board member of VBS Mutual Bank. He had been appointed to oversee the PIC’s 26% minority stake in the bank that went into curatorship in March 2018 and is now being liquidated. According to the report compiled at the behest of the Reserve Bank into VBS’s failure, Magula “eventually confessed, after putting up strenuous denials, that he had received unlawful payments … in excess of ...
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.