McKinsey not honest about relationship with Regiments and Trillian: Singh

12 April 2021, 8:45 PM
Former Eskom CFO Anoj Singh has insisted that consultancy firm, McKinsey Consulting knew that Gupta-linked firm, Trillian Capital, was doing work with them.
World Bank, Gavi urge countries with excess COVID-19 vaccines to release them 13 April 2021, 4:59 AM

World Bank President David Malpass and Jose Manuel Barroso, chair of the Gavi vaccine alliance, on Monday discussed the importance of countries with excess COVID-19 vaccine supplies releasing them as soon as possible, the World Bank said.

UK economy to return to pre-COVID-19 level around mid-2022: Poll 13 April 2021, 3:01 AM

Britain's economy will be back to its pre-COVID-19 level around the middle of next year, according to economists in a Reuters poll who said unemployment would peak at 6.2% as 2021 draws to a close and the pandemic job support scheme ends.

Uganda, Tanzania sign deal to build world’s longest crude oil pipeline 12 April 2021, 6:05 PM

Uganda and Tanzania have signed a deal that will herald the start of the construction of the longest heated crude oil pipeline in the world.

Limpopo Tourism Agency concerned about the downgrading of Polokwane International Airport 12 April 2021, 3:30 PM

The Limpopo Tourism Agency says it is concerned about the downgrading of the Polokwane International Airport from a category seven to category two airport.

VIDEO: State Capture Inquiry, Eskom related evidence by Anoj Singh, Part 2 12 April 2021, 2:08 PM

The State Capture Commission of Inquiry hears more evidence related to power utility, Eskom, on Monday afternoon. Former Chief Financial Officer (CFO), Anoj Singh continues testifying.

VIDEO: State Capture Commission, Eskom related evidence with Anoj Singh 12 April 2021, 10:00 AM

The Commission of Inquiry into State Capture hears Eskom-related evidence from the former Chief Financial Officer (CFO), Anoj Singh on Monday.

Many businesses still uncertain despite rise in confidence index: SACCI 12 April 2021, 9:00 AM

The South African Chamber of Commerce and Industry (SACCI) says despite a rise in business confidence, many businesses are feeling uncertain about the country's economic climate.

Alibaba shares rise despite fine 12 April 2021, 5:56 AM

Shares in Alibaba Group Holdings Ltd rose as much as 9% in Hong Kong trade as a key source of uncertainty for the company was removed, and on relief the fine and steps ordered were not more onerous.

Anoj Singh returns to state capture commission on Monday 12 April 2021, 4:16 AM

Singh last month told the commission he was already doing Eskom-related work despite not being formerly appointed at the power utility in 2015.

Microsoft in talks to buy AI firm Nuance Communications for about $16 billion -source 12 April 2021, 1:24 AM

Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, according to a source familiar with the matter.

China fines Alibaba record $2.75 billion for anti-monopoly violations 11 April 2021, 4:43 PM

China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.

Uganda, Tanzania, oil firms sign accords for building $3.5 billion pipeline 11 April 2021, 2:34 PM

Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets.

Amazon’s win in union fight shows harsh realities facing labour movement 11 April 2021, 2:11 AM Inc’s fierce resistance to unionisation, skepticism among workers that organising could get them a better deal and decisions on election parameters all contributed to the apparently lopsided defeat of a labor drive at the company’s warehouse in Bessemer, Alabama, people close to the events said.

US senators criticize Apple for not testifying on antitrust concerns 10 April 2021, 11:27 AM

Apple Inc is refusing to testify at an upcoming US Senate subcommittee hearing on competition issues related to mobile app stores, the bipartisan leaders of the panel said on Friday.

Ireland adds US, France, Italy to tough hotel quarantine regime 10 April 2021, 4:19 AM

Ireland added the United States, Canada, Belgium, France and Italy to its list of countries where arrivals will be subject to mandatory hotel quarantine, tightening some of Europe’s toughest travel restrictions to try to stop the spread of COVID-19.  

Melt up? More money poured into stocks in past 5 months than last 12 years 10 April 2021, 2:32 AM

Equity funds have attracted more than half a trillion dollars in the past five months, exceeding inflows recorded over the previous 12 years, according to data from Bank of America, which has likened the stampede to a “melt-up” in markets.

World Bank says to commit $2 billion to vaccines in developing countries by end-April 9 April 2021, 11:27 PM

The World Bank Group will have committed $2 billion in financing by the end of April for COVID-19 vaccines in some 40 developing countries, World Bank Managing Director of Operations Axel van Trotsenburg said on Friday.

Oil edges up on weak dollar 9 April 2021, 8:16 AM

Oil prices edged up in early Asian trade on Friday, supported by a weaker dollar, as investors weighed rising supplies and the impact on fuel demand from the COVID-19 pandemic.

Asian shares set for choppy session after S&P 500 hits record high 9 April 2021, 3:24 AM

Asian equities are set for a choppy trading session on Friday after technology stocks lifted the S&P 500 to a new record even as investors weighed an unexpected rise in the number of Americans filing new claims for unemployment benefits.

Levi Strauss raises sales growth outlook on vaccine rollout hopes 8 April 2021, 10:39 PM

Levi Strauss & Co on Thursday raised its half-year revenue growth forecast, banking on COVID-19 vaccine rollouts to spur a return to normalcy, after the denim maker beat quarterly sales estimates on a pandemic-led e-commerce boost.

AfCFTA agreement may help stimulate demand for air travel in Africa: Mbalula 8 April 2021, 8:50 PM

Transport Minister Fikile Mbalula says the African Continental Free Trade Area agreement which came into effect in January, may help stimulate demand for air travel in Africa.

Global supply lines struggle to clear container backlog after Suez chaos 8 April 2021, 8:00 PM

A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say.

Polokwane International Airport loses commercial air service license 8 April 2021, 7:03 PM

The Polokwane International Airport has lost its license to operate commercial air services over non-compliance with the required minimum standards.

SA secures another COVID-19 loan to support economic recovery 8 April 2021, 4:46 PM

The latest loan is South Africa's fourth since the outbreak of the virus and a second from the New Development Bank.

Transnet staff start relocating to new premises in NMB Metro 8 April 2021, 11:12 AM

The relocation of staff from the Transnet National Ports Authority (TNPA) to the Ngqura harbour in the Nelson Mandela Bay Metro in the Eastern Cape is under way. The first group of employees has arrived.

SARS efforts to track citizens with ‘unexplained wealth’ showing progress 8 April 2021, 9:31 AM

The South African Revenue Service (SARS) says its efforts to target citizens who have unexplained wealth have already started to show signs of success.

Dollar stuck near two-week lows amid lower US yields 8 April 2021, 4:11 AM

The US dollar traded near more than two-week troughs versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve’s March policy meeting offered no new catalysts to dictate market direction.

Climate-blind borrowing risks ‘credit crunch’ for future generations 7 April 2021, 10:35 PM

As countries step up borrowing to fund COVID-19 stimulus spending, few governments are paying attention to how climate change could limit their ability to repay the debts, researchers warned on Wednesday.

Nehawu blames President Ramaphosa for non-implementation of wage agreement 7 April 2021, 9:14 PM

National Education, Health and Allied Workers' Union (Nehawu) President, Mzwandile Makwayiba, has blamed President Cyril Ramaphosa for the non-implementation of the 2018 wage agreement signed with public sector unions.

G20 boosts IMF war chest, extends debt-servicing freeze for poorer nations 7 April 2021, 8:17 PM

World finance chiefs agreed on Wednesday to boost reserves at the International Monetary Fund by $650 billion and extend a debt-servicing freeze to help developing countries deal with the coronavirus pandemic