Action against Ben la Grange must be the norm, not the exception
By Joe Kleinhans There is an important principle locked up in the Johannesburg Stock Exchange’s (JSE) action against the former Chief Financial Officer of Steinhoff, Ben la Grange. He was fined R2...
View ArticleBoardroom Talk: Five times cleared, defamed Mahloele mission is SA...
Alec Hogg writes on Harith founder, Tshepo Mahloele, after being cleared five times of potentially ruinous allegations. This article is exclusive to Biznews Premium. Members please login here. Not yet...
View ArticlePIC and ex-Telkom CEO join forces for possible Telkom bid
By Loni Prinsloo Africa’s largest asset manager, the Public Investment Corporation, is backing a possible bid led by the former chief executive of Telkom SA SOC Ltd for a 35% stake in South Africa’s...
View ArticlePIC CEO Abel Sithole gets to work on ‘restoring integrity’ at graft-tainted...
PIC media statement: The Public Investment Corporation (PIC) is pleased to announce that the newly appointed Chief Executive Officer, Mr Abel Sithole, will officially assumed his duties from 1 August...
View ArticleBizBriefing: PIC gives Eskom a helping hand, SA pays to secure access to...
By Melani Nathan The Public Investment Corporation, Africa’s biggest fund manager, is willing to help South African power utility Eskom Holdings resolve its debt crisis, says Finance Minister Tito...
View ArticleMboweni says PIC will throw another life-line to Eskom
South Africa’s state-owned power utility is drowning in debt. Eskom has been plagued by corruption, bad management and failing infrastructure. The power utility has been struggling to provide adequate...
View ArticleEskom: PIC ponders pension fund plunder for bailout
The notion of dipping into taxpayers’ pension funds to bail out failing state owned enterprises has raised the ire of many. Previous backlash hasn’t deterred the Public Investment Corporation from...
View ArticleFlash Briefing: SA’s vaccine misstep, PIC pension plans and Guardrisk loses...
By Melani Nathan As Covid-19 vaccines roll out around the world, people who live in overcrowded settings – including in prisons and informal settlements – are on the South African health ministry...
View ArticleMailbox: Mboweni favours AYO, not protecting pensions
The Association for Monitoring and Advocacy of Government Pensions has released a statement, raising concerns about the lack of separation between the Finance Ministry and privately owned AYO...
View ArticleJSE’s investment universe is shrinking at an alarming rate
The JSE delisting trend has continued unabated into the new calendar year as the investment pool on the local bourse continues to slide. There are several reasons for this, including political...
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