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Fin24.com | Eskom chief culprit in cost expansions and deviations

Eskom is the chief culprit among state entities and departments when it comes to deviating from procurement guidelines and expanding the scope of its contracted work, Parliame...

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Fin24.com | SARS to reestablish teams to probe illicit tobacco trade

The tax agency is in the process of reestablishing dedicated investigative teams to probe the illicit tobacco trade, SARS acting head Mark Kingon has told Parliament...

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Fin24.com | BOOK REVIEW: Preparing for the 15 forces of disruption

Neither giants nor SMEs can afford to be sleeping, or slow to react to disruption, says ace book reviewer Ian Mann...

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Fin24.com | Five banks ranked among SA's strongest brands

Brand Finance has ranked five South African banks as the strongest brands. In addition, three banks made it to the Top 10 Most Valuable Brands...

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Fin24.com | SA in bottom ten for global competitiveness

South Africa ranks 53rd out of 63 countries on the 2018 IMD World Competitiveness Rankings...

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Fin24.com | Pravin Gordhan to announce board changes to SOEs

Public Enterprises Minister Pravin Gordhan will announce new board appointments for state-owned enterprises in his portfolio...

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Fin24.com | Rand runs as Turkey props up lira with massive emergency rate hike

The rand is expected to continue the claw-back of gains made following an improvement in risk sentiment late last week...

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Fin24.com | Mugabe under scrutiny in bid to trace Zim's missing diamond billions

Former Zimbabwean president Robert Mugabe was scheduled to appear before parliament, after the country's diamond mining industry reportedly lost more than $15bn through i...

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Fin24.com | Mantashe determined to end policy uncertainty with June charter deadline

Mineral Resources Minister Gwede Mantashe says his department is on course to meet the June deadline to finalise the Mining Charter, calling it part of the “policy uncertain...

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Fin24.com | Treasury urges tighter regulations, more consequences for irregular spend

Some officials are abusing processes for deviations and expansions - which are meant to be exceptions rather than the rule in procurement - and regulations must be "revis...

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Fin24.com | REVEALED: Top 10 municipalities responsible for R13.4bn irregular spend

Irregular spend for 2016/17 alone amounted to R13.35bn, according to a report from the auditor general...

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Fin24.com | Higher inflation to see SARB keep interest rate steady - analysts

The higher inflation print for April makes a stronger case for the monetary policy committee to keep the repo rate on hold, according to analysts...

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Fin24.com | JSE down amid global jitters on Trump’s China trade remarks

The JSE closed weaker on Wednesday, as it followed the trend in global equities which pulled back after Trump’s comments on China trade talks...

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Fin24.com | Chamber of Mines announces name change to align with future vision

In keeping up with the country’s changing times, the Chamber of Mines has changed its name to Minerals Council South Africa...

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Fin24.com | Tax probe will go long way towards redeeming SARS - legal expert

President Cyril Ramaphosa’s proclamation of the inquiry into SARS is a positive development and will go a long way to redeem the revenue service’s reputation, says legal e...

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Fin24.com | Steinhoff Africa Retail parts ways with auditor Deloitte.

STAR says PricewaterhouseCoopers has been appointed as its external auditor...

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Fin24.com | Hawks confirm investigation into former SARS boss Tom Moyane

A spokesperson for the priority crime investigating unit says the matter is not new and the Hawks have until May 30 to conclude the investigation...

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Fin24.com | All job levels affected, says AngloGold on latest cuts

AngloGold Ashanti says it has made "the difficult decision" to restructure the company to support a smaller footprint in South Africa, reducing production by about 5...

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Fin24.com | Lewis Group continues recovery

Lewis Group has continued its recovery in the financial year to March 2018 with stronger merchandise sales, tight expense control and lower debtor costs...

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Fin24.com | Ramaphosa names retired Judge Robert Nugent to head SARS inquiry

President Cyril Ramaphosa has announced that retired Supreme Court of Appeal Judge Robert Nugent will chair a commission of inquiry into the country's tax administration...

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Fin24.com | Not just challenges in African aviation - CEO

Challenges continue to confront the aviation industry in Africa, but there are also opportunities, says the CEO of the Airlines Association of Southern Africa...

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Fin24.com | Zimbabwe bank workers demand 60% wage increase

Bank workers in Zimbabwe have demanded a 60% wage increase and have given finance institutions in the country a two-week ultimatum...

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Fin24.com | AngloGold Ashanti to cut another 2 000 jobs - unions

Mining unions have received notices from AngloGold Ashanti for the retrenchment of 2 000 workers in all job categories and levels...

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Fin24.com | STAR raises R18bn to repay Steinhoff International

Steinhoff Africa Retail has successfully raised R18bn from financial institutions to repay its shareholder funding provided by Steinhoff International Holdings...

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Fin24.com | Capitec braces for the next round against Viceroy

Capitec says it is committed to transparency as it prepares a direct response to the latest jab from short-seller Viceroy...

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Fin24.com | Treasury gives glimpse into what to expect in SARS inquiry

The parameters of a commission of inquiry into tax agency SARS, mentioned by President Cyril Ramaphosa during his State of the Nation Address, is expected to be announced late...

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Fin24.com | Treasury's Momoniat slams SARS for not providing info in Makwakwa probe

A report by PWC indicates that the tax agency did not provide adequate information to investigators during a probe of former official Jonas Makwakwa, a top Treasury official h...

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Fin24.com | Irregular spend by SA municipalities up 75% to R28.4bn as audit outcomes regress

Audit outcomes for municipalities have continued to regress, with irregular and fruitless and wasteful expenditure each ballooning more than 70% for the 2016/17 year...

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Fin24.com | Price of fuel, alcoholic beverages drives spike in inflation

South Africa's consumer inflation came out at 4.5% for April, up from 3.8% in March, with fuel prices and alcoholic beverages the big culprits behind the rise...

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Fin24.com | Gerrie Nel: Out of the reputational frying pan into the fire

Only Gerrie Nel himself can come out of the shadows and salvage his reputation by distancing himself from AfriForum while he still can, says Solly Moeng ...

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Fin24.com | SA to cut 'Gupta clause' in Mining Charter, Gwede Mantashe says

South Africa will remove a clause from its Mining Charter that includes naturalised citizens in the group of people who should benefit from attempts to more evenly redistribut...

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Fin24.com | Markus Jooste no 'puppet master', says son-in-law on controversial WhatsApp message

Allegations that former Steinhoff CEO Markus Jooste still plays a role in decision-making at Mayfair are "unwarranted and baseless", says his son-in-law...

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Fin24.com | US Congress passes big rollback of post-crisis bank reforms

US lawmakers have passed the first major rollback of banking regulations enacted after the financial crisis that were aimed at protecting taxpayers from fresh economic trauma...

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Fin24.com | Nene takes swipe at Maynier, says govt has been managing SA’s debt responsibly

Contrary to claims made by DA MP David Maynier about the country’s rising debt levels, Finance Minister Nhlanhla Nene says that government has been managing the country’s...

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Fin24.com | No foul play in dividend to transfer Lodestone shares - Jooste son-in-law

The declaration of a dividend in specie (a distribution in a form other than cash) – which included the transfer of Lodestone shares from Mayfair Speculators to Mayfair Hold...

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Fin24.com | SA must do away with Dept of Public Enterprises to address SOE ills - DA

The Democratic Alliance has advocated for the privatisation of some functions within state-owned enterprises and the eventual collapse of the Department of Public Enterprises...

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Fin24.com | Zuckerberg tells EU he's 'sorry' for Facebook's privacy missteps

Mark Zuckerberg has repeated to the the EU that Facebook didn’t take a broad enough view of its responsibility for user data, fake news and foreign interference in elections...

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Fin24.com | New judge for Moyane inquiry shows 'sanity has prevailed' - lawyer

The lawyer representing suspended SARS commissioner Tom Moyane has welcomed the recusal of retired Judge Kate O’Regan as head of an inquiry into the disciplinary charges aga...

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Fin24.com | JSE closes firmer after erasing earlier losses

The JSE closed firmer on Tuesday despite briefly trading in the red after opening, with bankers and retailers in particular benefiting from the firmer rand...

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Fin24.com | Oliphant picks occupational safety ace for new labour top job

Minister of Labour Mildred Oliphant has announced the appointment of Advocate Lehlohonolo Molefe as the registrar of labour relations for the department...

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Fin24.com | Top 5 on Fin24: Jooste to be subpoenaed, Ramaphosa appoints new judge for Moyane hearing

A roundup of Tuesday's top economic and finance reads on Fin24...

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Fin24.com | ROUNDUP: Where to next for public sector wage deal?

After seven months of negotiations, public sector unions and government have yet to sign a wage deal. Fin24 takes a look at where the deal stands for all parties...

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Fin24.com | State's procurement pot must be guarded jealously – Finance Minister

Government sorely needs to improve how it procures goods and services, Finance Minister Nhlanhla Nene told Parliament...

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Fin24.com | Zuckerberg to tout Facebook European investment in testimony

The tech giant's boss will tout his company's investment in Europe and again take responsibility for privacy failures when he appears before the EU Parliament, accor...

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Fin24.com | H&M eyeing local suppliers

Swedish clothing retailer H&M is considering sourcing some of its merchandise from local suppliers. Teams from abroad are already in the country to assess potential pa...

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Fin24.com | Markus Jooste: Court may need to rule on parly testimony, as MP's agree on subpoena

A court may need to rule whether disgraced Steinhoff CEO Markus Jooste can testify before Parliament while he is the subject of a criminal investigation...

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Fin24.com | Debates rage on public sector pay

Furious debates about whether to sign or dispute the latest public sector pay deal are now underway at all levels within Cosatu-affiliated public sector unions...

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Fin24.com | Rand at its 'unpredictable best' as it strengthens 1%

The local currency started the day on a stronger footing as the dollar receded somewhat from recent highs...

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Fin24.com | Ramaphosa appoints new presiding officer for Tom Moyane disciplinary inquiry

President Cyril Ramaphosa has appointed Advocate Azhar Bham, SC, as the presiding officer into the disciplinary charges against suspended SARS commissioner Tom Moyane...

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Fin24.com | Treasury vows to protect poorest from VAT rate hike, cites zero-rated items

Minister of Finance Nhlanhla Nene says National Treasury will protect South Africa’s poorest citizens from the impact of the increase in the value added tax rate to 15%...

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Fin24.com | Five pretty strong positives, but Ramaphosa failing his biggest challenge

President Ramaphosa will not be able to claim real success now or in the future if he cannot move his own party to a very different message, writes Daniel Silke...

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Fin24.com | Woolworths Australian boss John Dixon shown the door

The retailer says the axing of the regional Australian CEO position is part of a move to simplify its regional leadership structure...

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Fin24.com | Trump retreats from China tariffs amid White House trade discord

US President Donald Trump retreated from imposing tariffs on billions of dollars' worth of Chinese goods because of White House discord over trade strategy and concern ab...

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Fin24.com | Toyota, BMW, Ford battle over SA support plan

South Africa is proposing automakers including Toyota, Ford and BMW more than double production – in return for tax breaks so generous that the companies can ship the cars t...

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Fin24.com | From Zuma to Moyane: The legal cases ensnaring prominent SA officials

A slew of legal cases involving politicians and officials, including former President Jacob Zuma, are working their way through the courts, with some prominent public figures...

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Fin24.com | Gauteng turns to drone technology to monitor construction projects

The Gauteng Department of Infrastructure Development has launched a drone to monitor and collect data in a bid to improve inefficiencies and reduce on project delays...

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Fin24.com | Zanu PF aims to move Zim from pariah to global partner

Zimbabwe's ruling Zanu PF says that if it is re-elected in the forthcoming elections, it will focus on opening the country for business, fighting corruption and making l...

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Fin24.com | How to avoid being your own biggest investment threat

Knowing which biases press your buttons will help you make sound investment decisions. Werner Erasmus looks at some of the most important ones...

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Fin24.com | Live stream for Zuckerberg's European hearing over privacy scandal

Facebook co-founder Mark Zuckerberg’s testimony to the European Parliament on the Cambridge Analytica scandal will be broadcast live online on Tuesday...

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Fin24.com | Funding issue still the biggest stumbling block to NHI – legal expert

The successful implementation of the National Health Insurance programme hinges on its funding model but this is "quite up in the air", says a legal expert...

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Fin24.com | Lodestone share sale shouldn't be 'one horse race' says Markus Jooste's son-in-law

A 'one horse race' with only one bidder would not be in the best interests of shareholders of fast-moving consumer goods business Lodestone, says Markus Jooste'...

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Fin24.com | Business debt stress in SA continues to improve – index

Business debt stress conditions in South Africa continued to improve in the first quarter of 2018, according to the latest Experian Business Debt Index...

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Fin24.com | JSE closes flat after erratic session as rand takes a beating

The JSE closed flat on Monday after a volatile trading session, which could largely be attributed to the rand's significant weakening against the greenback to a new five-...

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Fin24.com | Top 5 on Fin24: Govt says unions agree to wage deal 'in principle' and rand back to bad old ways

A roundup of Monday's top economic and finance reads on Fin24...

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Fin24.com | Capitec broadens its horizons with funeral plan offering

Capitec Bank is entering the insurance market with a funeral product positioned to offer affordable and flexible insurance for the South African market...

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Fin24.com | Rand is back to its bad old ways

After outperforming emerging-market peers for much of the year, the rand is now falling as the dollar strengthens...

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Fin24.com | UAE to allow 100% business ownership to foreign investors

The United Arab Emirates plans to allow full foreign ownership in companies and grant long-term visas to some investors and professionals as the Gulf economy seeks to attract...

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Fin24.com | What Cape Town property owners should learn from Johannesburg valuation hikes – experts

Cape Town property owners can learn from other regions like Johannesburg, where residents faced property valuation increases – some as high as 500%...

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Fin24.com | Record boost for Barloworld's Russian Equipment division

Barloworld has delivered promising interim results for the six months ending March 31 2018, with a record boost in its Russian Equipment division...

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Fin24.com | Glencore said to be near R12.78bn deal for Chevron's Cape Town refinery, other assets

Switzerland based miner and trader is close to a deal to buy Chevron's southern African assets, according to three people familiar with the matter...

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Fin24.com | Dlodlo a no show at wage briefing, govt still getting union signatures

The department of public service and administration said “in principle” unions have agreed to the public sector wage agreement...

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Fin24.com | Adcorp banks on tough decisions to bring turnaround

The financial year ending 28 February 2018 has been a time of "intensive transformation", says JSE-listed workplace solutions group Adcorp Holdings...

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Fin24.com | Rand at its weakest in 2018 – analysts

The rand is trading on the back foot, given recent geopolitical developments. This has seen the US dollar soaring, and resulted in negative emerging market sentiment...

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Fin24.com | Asian markets rise as China and US agree to avert trade war

After high-level talks in Washington the two economic superpowers revealed a deal had been hammered out, ending months of tension that have sent financial markets into a frenz...

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Fin24.com | SA more relaxed ahead of S&P credit rating

Last year everybody was an expert on it. Now some of the pros don’t even mention that S&P Global Ratings will be announcing its latest assessment of South Africa’s...

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Fin24.com | Sasko owner Pioneer Foods posts 30% jump in profits

Pioneer Food has reported a 3% dip in turnover in the six months ended March 31, 2018, from R10.2bn to R9.9bn, due to price deflation in soft commodities...

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Fin24.com | Government wage deal to go ahead, despite urgent call for more consultation

The Public Service Coordinating Bargaining Council will present the wage deal to unions and government to be signed, as Fedusa seeks for more time to consult with members...

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