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Financial Services

WATCH: HSBC plans more China tech jobs in push for market share

May 22 2019 11:50

HSBC plans to add more than a 1 000 jobs this year at its technology development centres in China, as the Asia-focused lender seeks to bolster its presence in the world's second largest economy.

      Financial Services

      PIC was advised against investing in insolvent oil company

      May 20 2019 21:21

      The PIC was advised against entering an oil deal with Erin Energy as the company was insolvent, according to evidence delivered by an executive involved in the transaction.

      Financial Services

      PIC seeks independent valuation of Karan Beef investment

      May 20 2019 14:26

      The Public Investment Corporation is in the process of getting an independent valuation for its bid for a majority shareholding in Karan Beef, which operates the largest cattle feedlot and abattoir on the continent.

      Economy

      PIC looking to limit funding of multiple companies linked to same owner

      May 15 2019 22:19

      The ongoing judicial commission of inquiry into the PIC has heard evidence of the same people repeatedly receiving funding from the state-run asset manager.

      Financial Services

      AYO valuation a 'thumbsuck' former exec concedes, as PIC inquiry continues

      May 14 2019 13:24

      The valuation of controversial ICT company AYO Technology Solutions was "stretched out" so that it appeared to be worth more than it was in reality, according to the testimony of the company's former chief investment officer.

      Financial Services

      Fedusa's Dennis George will soon know his fate

      May 11 2019 12:45

      The future of Dennis George, the suspended general secretary of the Federation of Unions of SA will be decided on May 16, following a two-day disciplinary hearing at the union federation’s Roodepoort headquarters that concluded on Friday.

      Financial Services

      Armed robbery of Johannesburg bankers spurs security guard boom

      May 07 2019 08:32

      Lenders are stepping up security after the closure of parts of the M2 freeway diverted traffic through the central business district.

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