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SAA debacle puts spotlight on directors’ role

According to the Companies Act, the ultimate responsibility for ensuring a company's solvent falls on the directors.

Saudi Aramco shares briefly hit $2trn before easing

Saudi Arabian Oil Co became the world's biggest IPO last week by raising $25.6bn.

Load shedding steals Christmas for Eskom execs, again

Utility's staff will work overtime to implement emergency plan to stop power cuts.

Nestle invests $45m a year in cocoa sustainability  

The company is aiming to have 100% sustainable cocoa sourcing in its confectionary products by 2025.

Small business owners count the cost of SA power cuts

'It's devastating, absolutely devastating' - Johannesburg Chamber of Commerce CEO.

Absa appoints new international head

To oversee Absa's international ambitions.

Brand SA: ‘Overall, we end the year on a good note’

But government is tarnishing the brand.

Factbox: SA’s struggling SOEs

A roundup of the country's rapidly sinking state-owned firms.

What next for TymeBank?

After passing the 1m account milestone …

Tongaat Hulett is ‘still a going concern’, says CFO

Embattled group aims to reduce its debt by R8.1 billion by March 2021.

R7bn Zimbabwe blow in Tongaat Hulett’s restated results

Scandal-hit group forced to write down its equity by almost R12bn; R4bn related to land expropriated up north.

Mobile networks taking a pounding from load shedding

The frequency of power cuts means batteries don't have enough time to recharge - MTN.

Tongaat seeks new chapter with equity raise, debt restructure

Plans to lower debt by R8.1bn and cut 8 000 jobs.

What SAA’s ‘business rescue’ means

If the business rescue practitioner finds there is no reasonable chance a rescue plan can succeed, he files a petition for liquidation.
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