Steinhoff was a 'good buy' for PIC at the time, witness tells inquiry

Apr 09 2019 13:44

The Public Investment Corporation regarded Steinhoff shares as a good buy when it extended R9.35bn to empowerment group Lancaster 101 to buy shares in the retail conglomerate in 2016.

Investment Holdings

Gungubele not planning to respond to Survé's claims he wants to 'crush' Independent Media

Apr 05 2019 10:48

The deputy minister of finance is not intending to respond to allegations made by Independent Newspapers chairperson Iqbal Survé, who says ANC insiders told him Gungunbele had vowed to 'crush' the newspaper group for not 'toeing the line'.

Investment Holdings

Lessons learnt from launching Dunkin Donuts and Baskin Robbins in SA - GPI acting CEO

Mar 18 2019 20:57

The acting CEO of Grand Parade Investments reflects on insights from the failed attempt to establish the US brands Dunkin Donuts and Baskin Robbins in SA.

Investment Holdings

GPI banks on Burger King as sugar tax, VAT hike and drought take their toll

Mar 18 2019 13:56

Tough trading conditions, especially in its food businesses, affected the interim results of Grand Parade Investments - but Burger King revenue grew .

Investment Holdings

Brimstone CEO: We are still good at what we do

Mar 13 2019 07:48

Brimstone's annual results may have taken a knock, but its CEO Mustaq Br is satisfied with where its "real operations are at".

Investment Holdings

Brimstone profit falls by nearly half in 'mixed bag' of results

Mar 11 2019 20:19

Brimstone released its results for the year ended 31 December 2018, reporting a profit of R71.3m, down from a profit of R141.7m for the prior year.

Investment Holdings

PIC: We are not 'collaborating' with AYO against companies watchdog

Mar 11 2019 19:28

The PIC says it is not "collaborating" with AYO Technology Solutions in opposing a compliance notice issued by the Companies and Intellectual Property Commission.

Investment Holdings

Survé: I will go to PIC commission - just give me notice

Feb 11 2019 20:06

AEEI founder Iqbal Survé has said he is willing to come before the PIC commission of inquiry, if he is given enough notice due to his "international diary". He also wants enough time in the hot seat "to set the record straight".

Investment Holdings

Sekunjalo responds to 'highly defamatory' Survé, PIC article

Feb 10 2019 13:24

The Sekunjalo Group reacts to what it calls a "highly defamatory article" published in the Sunday Times about the PIC's investment in AYO Technology Solutions.

Investment Holdings

PIC investment in Ayo was Surve's piggy bank, Sunday Times reports

Feb 10 2019 10:35

The Sunday Times cites emails, board meeting resolutions and voice recordings, which point to attempts to transfer huge parts of the R4.3bn from Public Investment Corporation out of Ayo's account into other companies owned by Surve.

Investment Holdings

Grand Parade Investments to analyse key performance of executives

Jan 29 2019 20:19

Grand Parade Investments will analyse the key performance indicators of executives as well as the attached weightings and hurdle rates.

Inside Fin24.com

'We can't do nothing'

PetroSA can survive 'beyond today' thanks to emergency plan, MPs hear
Business rescue

Group Five has filed for bankruptcy protection
Land expropriation

Valuer-General does not replace court in determining compensation for expropriation - chamber
'Disastrous'

Numsa has rejected the latest tariff increase granted to Eskom

Investment Holdings

'Strange' that top PIC exec was suspended on eve of testimony - Fedusa’s Dennis George

Jan 23 2019 13:04

The PIC’s head of listed investments, Fidelis Madavo, was suspended following a probe into the corporation's controversial R4.3bn investment in AYO Technology Solutions.

Investment Holdings

5 tips for moving from start-up to market leader, from the newly named CEO of the year

Dec 16 2018 16:00

Arnoux Mare has grown his business to a national entity with 22 subsidiaries, earning him the 'CEO of the year' title for two years running at the African Leadership Awards. Here are his top five tips for entrepreneurs.

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