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MoneywebNOW with Simon Brown

MoneywebNOW

Hosted by Simon Brown, the show brings you the latest in business and financial news.
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Roy Cokayne has been a financial journalist for 34 years, focusing largely on the automotive, construction and property sectors. He is fascinated and passionate about life, living, the truth and justice.
Stefanutti Stocks encounters some difficulties in implementing its restructuring plan

Stefanutti Stocks encounters some difficulties in implementing its restructuring plan

27 May 2022 /  Roy Cokayne
Current liabilities exceeded current assets by R1.46bn at end-February.
Proposed Gautrain route extension moves closer to reality

Proposed Gautrain route extension moves closer to reality

26 May 2022 /  Roy Cokayne
… with upmarket Sandhurst on the map.
Sanral’s R17.5bn tender debacle: One bidder considers taking legal action
4

Sanral’s R17.5bn tender debacle: One bidder considers taking legal action

25 May 2022 /  Roy Cokayne
While civil engineering body has referred the cancellations to National Treasury.
Barloworld impairs Equipment Eurasia business following Russia’s invasion of Ukraine

Barloworld impairs Equipment Eurasia business following Russia’s invasion of Ukraine

24 May 2022 /  Roy Cokayne
Impact of conflict and sanctions on the business expected to limit the group's medium-term top line growth.
Sanral unsure of corruption in adjudication of cancelled tenders valued at R17.5bn
UPDATE
3

Sanral unsure of corruption in adjudication of cancelled tenders valued at R17.5bn

23 May 2022 /  Roy Cokayne
Board expects further tender cancellations due to failure to comply with board resolution.
Efforts to help consumers avoid poor purchasing decisions on written-off vehicles intensify

Efforts to help consumers avoid poor purchasing decisions on written-off vehicles intensify

20 May 2022 /  Roy Cokayne
Insurance industry under more pressure to give consumers access to its vehicle salvage database.
Stefanutti, WBHO and Aveng settle multi-million-rand civil damages claim
1

Stefanutti, WBHO and Aveng settle multi-million-rand civil damages claim

19 May 2022 /  Roy Cokayne
Each will pay R31.5m over the next three years for collusion and bid-rigging on Green Point Stadium project.
Sanral cancels R17.47bn in adjudicated tenders
UPDATE
5

Sanral cancels R17.47bn in adjudicated tenders

18 May 2022 /  Roy Cokayne
Due to an internal irregularity …
Raubex maintains record R17.1bn order book, produces strong results

Raubex maintains record R17.1bn order book, produces strong results

17 May 2022 /  Roy Cokayne
And expects further significant project awards.
Over 100 state entities granted exemption from preferential procurement legislation
4

Over 100 state entities granted exemption from preferential procurement legislation

16 May 2022 /  Roy Cokayne
Among steps taken to ensure public procurement is not delayed.
Grand Parade returns to its gaming roots
1

Grand Parade returns to its gaming roots

12 May 2022 /  Roy Cokayne
Exits food after unbundling its interest in Spur.
Covid-19 sets SA auto industry back three years in achieving masterplan targets

Covid-19 sets SA auto industry back three years in achieving masterplan targets

11 May 2022 /  Roy Cokayne
Industry considering asking government for an early review of the plan.
Esor companies fined R15.7m for price-fixing and bid-rigging

Esor companies fined R15.7m for price-fixing and bid-rigging

9 May 2022 /  Roy Cokayne
Finalisation of the case will allow the construction business to close off its business rescue process.
Excellent progress being made with structural reforms, says National Treasury
1

Excellent progress being made with structural reforms, says National Treasury

6 May 2022 /  Roy Cokayne
However, two energy reforms are 'critically endangered'.
Toyota’s flood damage: CMH says production down for at least 12 weeks

Toyota’s flood damage: CMH says production down for at least 12 weeks

5 May 2022 /  Roy Cokayne
Metair has initiated a business interruption claim to limit the impact on its earnings.

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