Eskom’s non-existent diesel supplies flagged

A group of investigators last month visited Burgan Terminal, a massive fuel import and storage depot in Cape Town harbour to locate 39m litres of diesel – worth R1bn – belonging to Eskom.

Pepkor denies partnership agreement

Stand­ard Bank and major retailer Pep­kor, whose foot­print spans 6 000 stores, are explor­ing a pos­sible part­ner­ship that might see them launch an offens­ive in the per­sonal bank­ing industry and dethrone Cap­itec.

Proposed Somerset West casino hits a hurdle

Major rival Sun International will challenge the decision by regulators to allow Tsogo Sun to relocate its Caledon casino licence to the Helderberg region in the Cape Town metro, effectively halting this investment for now.

Woolworths defends move to cut ties with Beyers

Woolworths has rejected accusations that it was responsible for the demise of Beyers Chocolates, saying it only cut ties after discovering the chocolate producer was supplying competitors with products similar to Woolworths-exclusive items.

Publisher faces closure after unsuccessful textbooks bid

Prominent educational publishing company Via Afrika announced yesterday that it had begun consultations with staff to wind down the business, reports News24.

MPs face criminal charges over farm site visit

Sean Hoatson, the CEO of Normandien Farms, said the group has laid criminal charges against MPs for crimen injuria and racism. This followed an unannounced visit by the MPs, accompanied by armed police officers, to Normandien Farms last month.

Banxso finally wound up

The Western Cape High Court has confirmed that Banxso should be wound up, bringing to an end months of legal wrangling over whether the company was insolvent and whether it had operated unlawfully.

Warning as e-hailing compliance deadline looms

For years, e-hailing apps like Uber and Bolt have operated in a legal grey area. That ended in September last year when the National Land Transport Amendment Act (NLTA) finally classified e-hailing as a recognised form of public transport.

British American Tobacco to end SA production

Global tobacco giant British American Tobacco (Batsa) yesterday said it will cease all SA production of cigarettes and close its Heidelberg factory by the end of this year, due to illicit trade that dominates the local market.

Google agrees to R688m SA media payout

Google will pay SA media houses R688m over the next five years after the tech company struck an agreement with the Competition Commission as the authority finalised its Media and Digital Platforms Market Inquiry (MDPMI).

Macpherson claims construction mafia breakthrough

Public Works & Infrastructure Minister Dean Macpherson said there has been significant progress in cracking down on the ‘construction mafia,’ with hundreds of arrests and convictions helping to stabilise the sector, Engineering News reports.

Moti’s ‘dodgy’ backroom deals unpacked

A seemingly suicidal corporate crusade by upstart miner Mike Miller has produced evidence suggesting controversial businessman Zunaid Moti discussed cutting dodgy backroom deals with the erstwhile CEO of the property group Rebosis.

Nedbank rebuked for violating imitation clause

Allan Gray has narrowly won the battle against Nedbank in a fight over whether the latter copied its advertisements. The investment manager is unhappy about Nedbank’s ‘Bank Your Time’ advertising campaign, which aims to show that its digital banking solutions can help save time for their clients.

Grey list reprieve widely welcomed, but caution urged

The Financial Action Task Force (FATF) decision to delist SA from its grey list, marks a quick turnaround for a country once accused of looking the other way on money laundering and terror finance.

More than 1 000 SA businesses fold

The latest liquidation statistics show that SA has surpassed the 1 000 threshold in terms of business closures this year, with August contributing another 127 liquidations to the total.

Prominent businessman sued for R123.7m

Prominent businessman Lazarus Zim has been summonsed by a former stockbroker to pay him nearly R123.7m plus interest, for allegedly breaching an agreement linked to a broad-based black economic empowerment (B-BBEE) transaction involving JSE-listed Northam Platinum.

Signs of hope for technically insolvent Cell C

Cell C remains technically insolvent, but there are signs that it is starting to turn the corner ahead of a possible listing.

Online casino ordered to remove gambling ad

The use of cartoon characters, a giant doll and bright floating Lotto balls in a daytime television advert for gambling has seen Jackpot City fall foul of the advertising code.

Luxury travel agency’s gag bid thrown out

The Gauteng High Court (Johannesburg) has thrown out a luxury travel agency’s urgent bid to gag disgruntled clients who called the company a ‘scam’, while describing its trips as ‘the worst experience ever’ and a ‘disaster’ on social media.

MTN's shares crash over grand jury probe

MTN shares yesterday crashed, wiping out some R30bn in shareholder value at one point, as investors digested the prospect of increased risk of a sizeable hit stemming from its venture in Iran.