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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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