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Industry News

16 May 2017

Eskom board chair responds to Brian Molefe allegations

Claims that Eskom CEO Brian Molefe and the power utility’s board chair Dr Ben Ngubane pressurised a minister to help the Guptas take over the Glencore coal mine was dismissed as “preposterous” today.
16 May 2017

Tech difficulties affecting Retail Savings Bonds receiving attention: NT

National Treasury (NT) would like to assure RSA Retail Savings Bonds investors that technical difficulties that are currently affecting Retail Savings Bonds, including the helpline, queries, emails and website, are urgently receiving attention.
16 May 2017

How road users become liable for damages by negligent drivers

Many road users are still under the mistaken impression that a driver who has right of way cannot be held liable for the negligent actions of other drivers.
16 May 2017

SARS to crack down on multinational companies

Medium and large businesses with multinational ties will soon have to start supplying the South African Revenue Service (SARS) with more detailed reports of their relationships and transactions with entities residing in other countries. SARS has beefed up its Transfer Pricing Division and is now actively involved in the international initiative to stop base erosion...
16 May 2017

Is your Internet browser really secure?

When browsing the internet, users typically come across a ‘secure pop-up’ on most internet browsers. However, this does not always mean that the browser is 100% safe and as a result, Internet users may face an increased risk to various potential threats, such as privacy concerns, cyber stalking and identity theft, to name but a...
15 May 2017

Mogajane appointed as acting Treasury DG

Dondo Mogajane, the Deputy Director-General responsible for the Public Finance division, has been appointed as the acting Director-General for the National Treasury. The announcement was made late Monday in a statement.
15 May 2017

PSG Wealth Employee Benefits Route 21 adds 2 new directors

Nelis and Elke Brink (brother and sister) have been appointed to the management team of PSG Wealth Employee Benefits Route 21, Pretoria, one of the top employee benefits offices in the PSG adviser network, as directors. The office is owned and run by Nelis and Elke’s parents, Neels and Nerine Brink. Nelis and Elke will...
15 May 2017

Never stop investing because of volatility

South Africa’s recent downgrades by rating agencies may put off some people from continuing to invest. This should not be the case, the market goes through periods of volatility and that’s never reason enough not to stay invested.
15 May 2017

Six ways to stretch your electricity budget this winter

Many cost conscious consumers who have converted to prepaid electricity to cut their energy bills, are still spending excessively in winter.
15 May 2017

Return of Molefe to Eskom creates 'credibility gap'

The surprise return of Brian Molefe to ESKOM raises serious questions of credibility around the previous commitments to good governance and sound financing of SOEs like ESKOM, given the particular circumstances which led to Molefe’s voluntary but understandable departure from that organization a few months ago.

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