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Outa vs Irba

In 2019 Finance Minister Tito Mboweni thanked the board of directors and the management of the Independent Regulatory Board for Auditors (Irba) “for their commitment to rebuilding the trust in the profession and for steering…

Bankers Staying Home as South Africa Slowly Grinds…

Investec CEO Fani Titi saw a sign of things to come when he dropped by the bank’s headquarters last week. The usually buzzing escalators that criss-cross the four-story building in Sandton, South Africa’s business capital,…

Nedbank first to pass climate resolutions in SA

Nedbank Group has become the first South African company to have climate-related resolutions it tabled itself passed by its shareholders. Shareholders on Friday voted on adopting a sustainable energy policy and on disclosing fossil-fuel linked…

Sasol flags full-year earnings drop of at least…

South African petrochemicals giant Sasol, which has been hit by high debt levels and falling oil and chemical prices, on Friday said it expected full-year headline earnings to decrease by at least 20% Sasol, which…

Nissan may cut more than 20 000 jobs,…

Nissan Motor Company is planning to cut more than 20 000 jobs across the world, as the Japanese carmaker grapples with closed factories and showrooms amid the coronavirus pandemic, Kyodo News reported. The coronavirus pandemic…

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Tops at Spar and Build it buckle under…

The Spar Group has taken a knock in its business operations as a result of the Covid-19-induced lockdown in South Africa. During its interim results presentation on Thursday, the giant retailer said its heavily-impacted businesses…

Vodacom South Africa now a standalone business

Vodacom Group said on Thursday it has simplified its structure and created a standalone South African business that will be led by Vodafone director Balesh Sharma. “For Vodacom Group to play a central role of…