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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Cape Town - National Lotteries Board (NLB) spokesperson
Sershan Naidoo has declined to confirm or deny reports that CEO Vevek Ram has
resigned.
However, he said on Friday the board would
"shortly" issue a statement on the matter.
Earlier, the Democratic Alliance said Ram's letter of
resignation was received and accepted by the NLB on Friday morning.
DA spokesperson Jacques Smalle said: "This is a step in
the right direction."
"Mr Ram presided over a prolonged period of
mismanagement and administrative chaos," he said.
"In the last year especially, the NLB has begun
operating increasingly like an ANC slush fund even as deserving charities and
NGOs struggled to access funding."
Smalle said the distribution agencies and NLB had been
stacked with ANC cadres for some time. Many of them needed to be replaced with
individuals who had the relevant expertise.
"Before a fundamental transformation can take place,
the current management will have to be replaced. A forensic audit into all
grants allocated in the last three years is also a vital requirement."