2017 vehicle sales end on positive note
The new vehicle industry ended 2017 on a positive note, according to the annual sales data from the National Association of Automobile Manufacturers of South Africa (Naamsa).  Despite December 2017’s year-on-year sales declining 2.4%, the year-to-date new car sales for 2017 still grew 1.8%. In total, 557 586 new vehicles were... Read more
Reserve Bank speaks on KPMG
The Reserve Bank has refuted claims that it has instructed banks on what steps they should take against auditing firm KPMG. “The South African Reserve Bank (SARB) would like to state categorically that it has not instructed banks on what steps they should or should not take with regards... Read more
Stuttaford Van Lines faces 649 charges related to collusion
Furniture removal company, Stuttaford Van Lines (Pty) Ltd (Stuttaford), has been charged with 649 counts of collusive tendering, in relation to hundreds of government tenders issued for furniture transportation. “This includes tenders issued by the Presidency, Parliament, the SA Secret Service, the SA Police Service, the National Prosecuting Authority,... Read more
Life Healthcare focused on strong international growth
Life Healthcare Group remains a solid investment opportunity, delivering growth and is focused on international expansion LIFE HEALTHCARE Group Holdings Limited (JSE: LHC), one of South Africa’s largest private hospital provider, today released its Interim Financial Results for the period ending 31 March 2017. Highlights of the Group’s performance... Read more
Citibank to pay R69,5 million forex fine
CITIBANK has agreed to pay an administrative penalty of almost R69.5 million in relation to the bank’s involvement in a forex trading cartel, the Competition Commission says. Citibank has also agreed to appear as a witness in the hearings involving the prosecution of other banks, which are also accused... Read more
27-06-2013 -General Motors South Africa (GMSA), in partnership with component manufacturer Tenneco South Africa, has been awarded a R6 billion contract to export catalytic converters to North America. The catalytic converters, which will be manufactured at Tenneco South Africa’s Clean Air Plant in Port Elizabeth, will be supplied for... Read more