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Business Partners to administer Rupert family donation

Business Partners – which according to its website is a “specialist risk finance company that provides customised financial solutions, sectoral knowledge, mentorship, business premises and other value added services for formal small and medium enterprises (SMEs)…

Naspers prohibited from buying WeBuyCars

Naspers, the listed multinational internet group, has expressed disappointment in the Competition Tribunal’s decision to prohibit its planned R1.8 billion acquisition of online used car dealer WeBuyCars. Sjoerd Nikkelen, GM of OLX in Africa, Middle…

When the virus crisis is over, the legal…

While the Covid-19 outbreak carves a vein of destruction across the planet, companies worldwide are reviewing millions of contracts to assess whether they can plead force majeure – or an inability to perform due to…

SA sees Moody’s junk rating as cue to…

South Africa’s National Treasury sees the downgrade of the country’s debt to junk by Moody’s Investors Service as an opportunity to fix the economy. While the announcement, made close to midnight on Friday (March 27),…

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Covid-19: Where are our banks’ bazookas?

The response from the banking industry thus far to the Covid-19 pandemic and lockdown in South Africa has been, in a word, underwhelming. The damage being caused by a wholly unprecedented nationwide lockdown and the…