Positive earnings reports from US retail giants helped support sentiment in Wall Street overnight, but attention is on the future of monetary policy
Though highly skilled, SA farmers need access to support services to meet consumer demand for close-at-hand ethically farmed, organic produce
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
The South American country’s most polarised election in decades pits a nationalist populist against a former union leader who was jailed for corruption
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
Even by the inglorious recent record of the South African corporate sector since the exposure of enormous fraud at Steinhoff in 2017, the destruction of shareholder value at Tongaat Hulett has been spectacular.
Opportune Investments CEO Chris Logan, a constant critic of the company’s strategic direction, noted last week that the company, which was worth about R24bn in September 2014, had once been a blue chip. If there’s any investor or pension fund that kept their shareholding from those days, they have now lost about 88%. Its latest share slide has left it valued at just more than R2bn.
Unfortunately, since the collapse of the Steinhoff share price, which left investors poorer by about R200bn, these stories are becoming more frequent. After Steinhoff, there were the allegations of wrongdoing related to the Resilient group of property companies that caused a share-price slide wiping off about R120bn in value at one point.
While the Financial Sector Conduct Authority (FSCA) cleare...
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