[pretoria] - AYO chairperson slams former execs utterances at #PICInquiry

PRETORIA – Chairperson of the board of AYO Technology Solutions, Dr Wallace Mgoqi, on Tuesday slammed the statements made by former executives AYO Kevin Hardy and Siphiwe Nodwele.

Hardy and Nodwele were testifying before the Commission of Inquiry into alleged improprieties at the Public Investment Corporation (PIC).

Mgoqi, who was appointed …

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[pretoria] - Aquaculture Development Zones in the planning stage

These will be areas earmarked for aquaculture value chain activities, with all the relevant authorisations in place and relevant basic infrastructure. The aim would be to reduce the cost of doing business in these areas, he said.

Authorisations had been received for Saldanha Bay, Western Cape; Qolora, Eastern Cape and …

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[pretoria] - Lenders seize UK retailer Debenhams, wiping out Ashley

INTERNATIONAL - Debenhams’ lenders took control of the ailing retailer on Tuesday after it went into administration, wiping out shareholders including billionaire Mike Ashley in the latest corporate failure on Britain’s high street.

Once the biggest department store chain in the country, Debenhams had been hit by a sharp slowdown …

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[pretoria] - BBC, BUSA will work together to help the economy

JOHANNESBURG – The Black Business Council (BBC) and Business Unity South Africa (BUSA) on Wednesday said they were equally concerned about the precarious state of the economy.

The organisations said they would seek to work in a more aligned manner when engaging the government on the best way to navigate South …

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[pretoria] - OPINION: Brazilian chicken producers are running scared

In the last few days, three Brazilian officials have similarly worded comments in different South African publications. They attack the application by the SA Poultry Association (Sapa) for higher tariffs on Brazilian chicken and deny that Brazil dumps its product in South Africa.

Brazilian producers accuse the local industry of …

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[pretoria] - Huawei P30 Pro Awarded TIPA World Award for 2019

DURBAN - TIPA General Assembly has recognized the HUAWEI P30 Pro as one of the Best Products of 2019, awarding the device the honor of “Best Photo Smartphone.”

For the third year in a row, this prestigious title has been awarded to a HUAWEI P Series flagship, proving Huawei’s dedication …

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[pretoria] - S&P;: Ramaphosa victory will boost growth

S&P sovereign analyst Gardner Rusike said the agency believed the Ramaphosa administration would continue with policy reforms after the May 8 election.

Rusike said the country would be better off with a reform-minded united majority party such as the ANC.

“We think the new administration that came into office …

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[pretoria] - Blackouts could have cost fiscus R11bn

The accounting body based its assumption on the fact that load shedding potentially cost the South African economy R38bn by March 20.

Madelein Grobler, Saica project director for tax, said the R11bn did not take into account the R5bn spent by Eskom on diesel in the past three to five …

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[pretoria] - Human Rights Commission on fact-finding mission at mine

The visit comes after employees and community members approached the commission to raise concerns that the Association of Mineworkers and Construction Union (Amcu) led strike could lead to another Marikana tragedy like that of mid-August 2012.

The SAHRC said it would investigate alleged human rights violations and attempt to broker …

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