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Financial Services

SA's new driving demerit system threatens insurance industry

Aug 18 2019 13:04

The new demerit system for SA road users has good intentions, but it can also pose a significant threat to the insurance industry.

    Financial Services

    Jooste: Steinhoff's R850m claim 'vague and embarrassing'

    Aug 16 2019 15:20

    Steinhoff's former Chief Executive Officer Markus Jooste sees the retailer’s claim for more than R850m ($56m) against him as "vague and embarrassing", Bloomberg reports.

    Industrial

    Volkswagen, Nissan to get tax breaks for plants in Ghana

    Aug 18 2019 11:37

    Ghana will offer tax breaks of up to 10 years to automakers that set up local manufacturing plants, as the government seeks to attract international companies such as Volkswagen and Nissan.

    ICT

    Apple set for September showdown with EU over record tax bill

    Aug 16 2019 20:08

    Apple's R219bn battle with the European Union reaches the bloc’s courts next month in a hearing set to throw the spotlight on antitrust commissioner Margrethe Vestager’s crackdown on tax deals doled out to big companies.

    Industrial

    Sasol delays results for review of $13bn investment

    Aug 16 2019 11:51

    Sasol has plunged the most in more than two decades after the company delayed its financial results for a month to coincide with a report on what went wrong during construction of its near-$13bn Lake Charles chemical project in Louisiana.

    Companies

    Moyo and Old Mutual back in court as legal battle escalates

    Aug 16 2019 08:01

    Round two of the legal battle between Old Mutual and on-again-off-again CEO Peter Moyo will be heard in the Gauteng High Court in Johannesburg today as both sides refuse to back down from the feud.

    Industrial

    City of Cape Town procurement process hobbling construction sector - industry body

    Aug 16 2019 06:00

    The slow tender and procurement processes of the City of Cape Town are further crippling property development and the construction sector in the city, claims the Western Cape Property Development Forum.

    Health

    Mediclinic says more clarity needed on NHI Bill

    Aug 15 2019 19:56

    Private hospital group Mediclinic says it supports the government’s plan of providing universal health coverage but has stressed that more clarity in needed regarding the legislation.

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    Retail

    WATCH: Nike steps into the subscription service business

    Aug 15 2019 12:38

    Parents can subscribe for kids ages 2 to 10 and receive Nike shoes delivered to their door. The boxed service boasts over 100 different styles of kicks ranging from performance to street wear options.

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