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BUSINESS

BUSINESS

Eskom boss warned!

Eskom boss warned!

Commenting on the state-owned utility’s decision to not automatically renew its coal supply contracts with coal mining companies, including with the Exarro Arnot Coal Mine in Mpumalanga, which expires this month, NUM said thousands of its members could be left jobless. “The NUM humbly requests Brian Molefe to reverse the cancellation of these contracts with […]

Nhleko negotiates a cut deal for MTN!

Nhleko negotiates a cut deal for MTN!

Originally, fined $5.2 billion it has now being confirmed that R48bn has been agreed to, according to MTN. However, the fine has to be paid end of December 31. “After further engagements with the Nigerian authorities, the NCC has reduced the imposed fine,” MTN said in statement. “Executive Chairman Phuthuma Nhleko will immediately and urgently […]

China is the future-says Radebe!

China is the future-says Radebe!

Radebe stressed the importance of Africa’s relations with China at the Chinese-Africa Media Summit underway in Cape Town. The summit has brought together the heads of about 120 media houses from China and 47 African countries. Its aim is to cement cooperation between African and Chinese media and deepen cultural understanding. Today’s media summit takes […]

Prasa wants money back or else!

Prasa wants money back or else!

Swifambo was responding to allegations in an affidavit by Prasa chairman Popo Molefe that it did not have experience in the rail industry as it was formed four months before the contract was awarded. Last week, Prasa applied to the High Court in Johannesburg to review and set aside the contract with Swifambo to supply […]

CAN DO! Has a good story to tell!

CAN DO! Has a good story to tell!

CAN DO, a product of Nampak Bevcan has been behind the growing enterprises of two Soweto businesses. Tebogo Phiri, Owner of Disoufeng Pub (Dobsonville)Phiri’s entrepreneurial spirit shone though at a very young age as he did odd jobs, selling popcorn in high school and assisting a vegetable vendor in exchange for leftover vegetables, all in […]

Shoprite denies dolls racial under tone!

Shoprite denies dolls racial under tone!

Photos posted on Facebook – and which quickly spread to other social media outlets – appear at first glance to show a black doll priced cheaper than a white doll. This prompted critics to accuse the supermarket chain, one of the biggest in southern Africa, of deeming a black doll inferior to a white doll. […]

2015 Business Partner’s competition winner has ambitious plans!

2015 Business Partner’s competition winner has ambitious plans!

The Diagnostic Radiography graduate beat other hopefuls to the title, held at the awards ceremony at Parktown Hotel, Johannesburg this morning. Selloane’s winning business plan is based on an onsite mobile X-ray services business called Visionary X-rays. The business will provide onsite mobile tuberculosis (TB) screening services, by making use of X-ray equipment installed inside […]

Ntleko back to stabilize MTN!

Ntleko back to stabilize MTN!

Ntleko’s acting position as executive chairman for MTN Group for six months, would be to stabilise and handle the controversial $5,2 billion fine imposed by Nigerian Comminications Commission for failing to switch off users with unregistered SIM cards. His priority within the period of six months Phuthuma meaning ‘be quick’, would have negotiated the reduction […]

The MTN saga has become more political than economic issue!

The MTN saga has become more political than economic issue!

However, the country said it would not affect the cordial relations between the continent’s two biggest economies, a cabinet minister said on Thursday. South African Minister in the Presidency Jeff Radebe told reporters “obviously as government we are concerned’’ and said the cabinet hoped that the talks between MTN and Nigerian authorities on the fine […]

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