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BUSINESS

BUSINESS

Eskom wants McKinsey to pay what is owed to them

Eskom wants McKinsey to pay what is owed to them

McKinsey has also declined to account for the R564m Eskom paid to the Gupta-linked Trillian, which initially had been introduced as McKinsey’s local supply development partner. The firm said it would pay back only the R1bn it had received from Eskom. “We were not responsible for, nor did we authorise, the fees paid to Trillian. […]

Samsung loses another top executive in Fleischer

Samsung loses another top executive in Fleischer

This was confirmed by Samsung today. “Craige has been with Samsung for six years, during which time he has become synonymous with Samsung Mobile. His formidable sales skills were a significant asset to the business,” says Sung Yoon, President of Samsung Electronics South and Southern Africa. As a succession plan, the company will prioritise its […]

Sir Richard Branson opens another campus for aspirant entrepreneurs

Sir Richard Branson opens another campus for aspirant entrepreneurs

The white-maned power player ventured on this pending a fireside chat moments after having cut the ribbon to the official opening of 22 On Sloane, a start-up campus for aspirant African entrepreneurs in Bryanston –  whilst ruling party apparatchiks Premier David Makhura, Minister of Small Business Development and David van Rooyen looked and listened on […]

SAB invest in SMMEs

SAB invest in SMMEs

The SAB Foundation has awarded over R9million to these incredible small businesses. The first prize of R1.3 million was awarded to GrassBeef by Livestock Wealth. GrassBeef, developed by Ntuthuko Shezi, is a new healthy way of producing beef that involves the upliftment of rural communal cattle farmers. Livestock Wealth assists communities to produce good quality […]

BBQ awards after years’ still holds economical power

BBQ awards after years’ still holds economical power

She was addressing guests at the 2017 Black Business Quarterly awards held recently at its ‘traditional home’ Emperors Palace, Ekurhuleni. “May you progress to even greater heights in your business ventures,” she wished the award nominees. Attendees were dressed to nines as they waltz the red carpet for the illustrious awards ceremony. Guests had the […]

Dubai group buys majority stake in SA liquor distribution company

Dubai group buys majority stake in SA liquor distribution company

This follows the majority acquisition of a subsidiary of the Dubai-based Emirates Group, Maritime & Mercantile International (MMI), in the South African local beverage distribution company. No figures were given. Maritime and Mercantile is the biggest liquor distributor in the Middle East and aims to become the leading independent distributor in Africa and South East […]

A small and open economy like ours which depends on its linkages with the rest of the world for its sustenance becomes vulnerable to any tipping of the balance of political forces towards populism, says ex finance minister Nene

A small and open economy like ours which depends on its linkages with the rest of the world for its sustenance becomes vulnerable to any tipping of the balance of political forces towards populism, says ex finance minister Nene

Aptly wondering out loud how long it should take for a principal to be tenured in a particular position before being promoted or demoted – ex [or axed] finance minister, Nhlanhla Nene, someone who’d know better about such a “tragic” state of affairs, addressed a breakfast gathering at the Killarney Country Club – a mere […]

SASSA and Post Office SA in talks on distribution of grants

SASSA and Post Office SA in talks on distribution of grants

“Sassa has given SAPO an offer and has given them a reasonable time to respond. This is also after due diligence was conducted on SAPO‚” said social development spokesperson Lumka Oliphant. “The Minister of Social Development‚ Ms Bathabile Dlamini‚ has concurred with the recommendations of the Acting CEO of the South African Social Security Agency […]

African Bank CEO designate is a black woman

African Bank CEO designate is a black woman

This is part of the bank’s mandate and policy to empower women, especially from the black sector. Changes sweeping through the bank is part of the board plan as it reinforces its stability in the banking and financial sector, respectively. She takes over from Brian Riley, who informed the board that he intends stepping down […]

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