BUSINESS
The approval of the loan facility is subject to a number of the normal conditions precedent and to the execution of the necessary agreements between the IDC and Vantage Goldfields (Pty) Limited (VGL). SSC Group has provided their additional equity in addition to the loan facility of the IDC. The funding is sufficient to take […]
Among them, they brag an experience spanning some 11 years in the hair grooming industry among their exuberant, uniformly black-clad selves, sprightly as they became the latest occupants of Soweto’s much coveted address, Vilakazi Street when Old Mutual, Nedbank and Izingwe enabled them to dream big through the rather swish opening of their ME salon […]
Basani Maluleke, an attorney at Law, has been appointed the new chief executive at African Bank Holdings Limited Group. Maluleke who has been non- executive board member at African Bank since 2015, takes over from CE Brian Riley, who has been at the helm of the bank, having overseen changes the institution has faced from […]
The largest private healthcare operator in community townships, The Clinix Health Group, will soon break ground in Soweto with its seventh hospital, the first phase of which is expected to be completed and operational by 2019. This will boost the Group’s footprint to include 1 700 beds around South Africa. The new hospital will bear the […]
Khoza, who manages Khoza Projects in Protea- Soweto, is one of the graduates that were awarded certificates at the Builders Enterprise Development (ED) Programme, recently. The 12 months programme is an initiative by one of South Africa’s building material company Builders Superstore (Massmart owned) that seeks to improve informal local tradesmen businesses by imparting industry […]
On a wet and dreary Thursday in Jozi (Ghandi Square), Pizza Hut and their executive team descended at the historical venue to open to the public and pizza aficionados the store to complement or complete what was missing in the precinct: Pizza Hut. Ghandi Square, the hive of activity within the Johannesburg City Business District, […]
CHINA’S XCMG showcased its seven state-of-the-art construction machinery products at this year’s 2018 BAUMA CONEXPO Africa, an exclusive trade show for constructions and building materials that runs until Friday 16 March at Nasrec. As a No.1 supplier worldwide for the truck crane sector for years, XCMG exhibited truck cranes QY30K5-I, QY50KA, crawler excavators XE215C, XE335C, […]
This is the message from Nedbank chief information officer Fred Swanepoel, last Friday at the bank’s annual financial results for 2017. The bank has installed 59 software robots and plans to have 200 in place by the end of the year. Swanepoel also indicated they were spending R2bn on technology investment. “When we look at […]
Last night at the awards ceremony- celebrating its tenth edition- guests looked glamorous with pencil-heel shoes waltzing the red carpet, as and when the self- appointed MC for the evening comedian par-excellence John Vlismas, left all sundry in stitches, as expected at Maslow Hotel, Sandton. This third-party endorsement programme aims to help clear the clutter […]
As expected VAT will be increased to 15% certainly -not good news for an ordinary fellow like yours’ truly and the country at large. Other key points to single out are: Duties on luxury goods and estate duty on wealthy individuals Estates above R30m will now be taxed at a rate of 25%. Fuel levy […]