Capitec, a South African stock market darling, has fought back at Viceroy Research, a US-based outfit that has accused it of financial jiggery-pokery.
Hogan Lovells has released its report concerning allegations levelled against Jonas Makwakwa and his girlfriend Kelly-Ann Elskie at SARS.
With the listeriosis death toll in South Africa approaching 200 people, it’s unsurprising that the company which was the source of the outbreak has faced a hit with regard to its earnings.
SA ranks 10th from the bottom when compared with 63 other countries on all factors influencing its economic competitiveness – and amazingly, has remained stable in spite of a decade of Zuptoid machinations.
PricewaterhouseCoopers has been appointed as Steinhoff Africa Retail’s external auditor, effective 23 May 2018, replacing Deloitte.
In this piece, respected economist Azar Jammine sums up the emerging market forces that are starting to play havoc with South Africa’s Rand.
Short-seller Viceroy has accused Capitec of being a loan shark and outlines how it is tweaking various numbers to make its position look better than it is.
Greater tax incentives are being mulled by South Africa’s government in a bid to keep major automakers – from the likes of BMW to Toyota and VW – producing cars on our shores.
Woolworths said Australian division head John Dixon will leave and won’t be replaced after South Africa’s biggest clothing and food retailer was forced to write off $541 million from the country’s David Jones business earlier this year.
Lord Peter Hain’s efforts to punish HSBC for facilitating corruption are bearing fruit, with Hain revealing that a Financial Conduct Authority investigation is well underway.