Pretorianews

[pretoria] - Weaning us off Eskom has its pros and cons

After all, we just recently emerged from several days of Stage 4 load-shedding - four hours without power a day. Surely we have done more than enough for the planet, courtesy of Eskom?

I was reminded of July last year when large parts of Pretoria East were left without power for …

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[pretoria] - #PICInquiry: Asset manager indicated resistance to BT deal

PRETORIA – The Public Investment Corporation (PIC) indicated a resistance to the British Telecommunications (BT) transaction, the PIC Commission of Inquiry was told on Tuesday.

Sekunjalo chairperson Dr Iqbal Survé, when making his submission to the commission said this was conveyed to the company by former AYO executive, Kevin Hardy.

Evidence …

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[pretoria] - Marchers ask Ramaphosa to intervene in releasing King Dalindyebo

Pretoria - Various clan leaders and political parties marched to the Union Buildings on Tuesday afternoon to submit a memorandum, pleading with President Cyril Ramaphosa to intervene in releasing AbaThembu King Buyelekhaya Dalindyebo.

Dalindyebo has been detained in jail since 2015 after he was found guilty of assault, arson, kidnapping and …

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[pretoria] - Musicians are entrepreneurs in their own right

JOHANNESBURG – Music is the art that makes us heard. For musicians, agents, managers, marketers and record labels, it’s an industry that employs millions of people and is worth more than $17.3 billion (R250bn) globally.

However, in the entrepreneurial space, it’s an industry that has not gained much …

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[pretoria] - A system without limitations on discretion is not transparent

JOHANNESBURG – Rating agencies, prominent among which is Fitch, Moody’s and S&P Global Ratings, have, like the European Securities and Markets Authorities, elaborate transparency systems through which they attract the trust of those who participate in their system.

Among these are upfront agreements on what the reporting will consist …

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[pretoria] - What’s keeping logistics CEO’s awake at night - FNB

DURBAN - Logistics businesses in South Africa continue to show resilience despite the prevailing economic headwinds.

Zak Sivalingum, FNB Gauteng East Regional Head, said that the logistics industry plays an integral role in the growth of the economy through the facilitation of international and domestic trade.

Businesses in this industry continue …

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[pretoria] - Maersk management given time to turn around 'supertanker'

INTERNATIONAL - The main shareholder and the chairman of Danish shipping group A.P. Moller-Maersk both gave their backing on Tuesday to management’s efforts to reshape the business.

The company is a “supertanker” that takes a long time to turn around, Ane Maersk Mc-Kinney Uggla, chairwoman of the A.P …

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[pretoria] - #PICInquiry: Asset manager missed an opportunity to invest in Sagarmatha

PRETORIA – The Public Investment Corporation (PIC) missed an opportunity to invest in Sagarmatha Technologies when the company was considering listing on the Johannesburg Stock Exchange (JSE).

This is according to Dr Iqbal Survé, the Chairman of Sekunjalo Investment Holdings, which has business interests in Ayo Technology Solutions (AYO) and Sagarmatha …

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[pretoria] - #PICInquiry: How Independent Media was acquired

PRETORIA – The purchase consideration of Independent News & Media South Africa (INMSA) was funded by a Chinese investor, investing R1 billion, the Public Investment Corporation (PIC) investing R850m and, Sekunjalo Consortium investing R150m.

This was said by INMSA chairperson Dr Iqbal Survé when testifying before the PIC Commission of Inquiry on …

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[pretoria] - PIC’s investment strategy 'racist' - Dr Survé

Pretoria - The Public Investment Corporation’s (PIC) investment strategy is racist and favours white-owned and controlled companies at the expense of firms started and managed by black entrepreneurs.

This is according to businessman Dr Iqbal Survé, who is Executive Chairman of Sekunjalo Group and a shareholder in companies including Ayo …

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[pretoria] - WATCH LIVE: Dr Iqbal Survé testifies at #PICInquiry

Dr Iqbal Survé, is testifying before the PIC Commission of Inquiry on Tuesday. File picture: Nokuthula Mbatha/ African News Agency (ANA)

JOHANNESBURG - The commission of inquiry probing allegations of impropriety at the Public Investment Corporation (PIC) continues on Tuesday.

Dr Iqbal Survé is testifying before the PIC Commission of Inquiry …

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[pretoria] - PMI plunges to a 5-month low on rolling power cuts

JOHANNESBURG – The Absa manufacturing purchasing managers index (PMI) plunged to a five-month low in March on rolling power cuts in that month.

The PMI fell to 45 points last month from 46.2 points in February – the reading pointed to the third consecutive contraction in manufacturing activity.

The index measuring …

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