Proposed Budget 2025: Transnet's financial crisis: Treasury calls for debt reduction and strategic reforms in Budget 2025 ...

Tawanda Karombo|Published

South Africa's state-owned transport utility Transnet faces mounting financial challenges as Treasury calls for urgent debt stabilisation. With losses exceeding ...

Stilfontein disaster exposes scale of South Africa's illegal mining challenge

Tawanda Karombo|Published

The recent Stilfontein disaster, claiming 78 lives, has exposed the devastating scale of South Africa's illegal gold mining crisis

Dismissal of MTN’s application the latest in a series of reputation damaging cases

Tawanda Karombo|Published

MTN has previously been embroiled in tax fraud, corruption and other reputation damaging cases at home and abroad over the past few years.

RIP: former Steinhoff CEO Markus Jooste pays the ultimate price

Tawanda Karombo|Published

According to the SAPS, the mastermind behind the Steinhoff scandal – South Africa’s largest corporate fraud – shot himself in Hermanus.

Vitol and Engen merger will affect local petroleum refineries, Tribunal hears

Tawanda Karombo|Published

The merger is likely to result in the foreclosure of local production due to the loss of a significant customer who is Engen.

Repurpose towns hit by mine closures and retrenchments - Bench Marks Foundation

Tawanda Karombo|Published

David van Wyk, the lead researcher at Bench Marks Foundation.

Transnet finalises partnership with Philippines port operator to manage Durban’s Pier 2

Tawanda Karombo|Published

The partnership will have a positive impact on Transnet, container supply chains and on the competitiveness of South Africa’s economy.

BLSA CEO decries depressing wave of job losses in mining industry

Tawanda Karombo|Published

Mavuso criticised political meddling in the running of state-owned enterprises by Public Enterprises Minister Pravin Gordhan on the appointment of top executives. ...

Sibanye-Stillwater’s Marikana employees uncertain of future despite reduced retrenchments

Tawanda Karombo|Published

A reprieve after the mining firm says it has reduced the number of planned retrenchments across its South African PGM operations to 2,600, down from the 4,095 announced ...

Rand manipulation shows corruption has hit multifaceted, complex levels in SA

Tawanda Karombo|Published

Corruption Watch said it was “good for the Competition Commission to satisfy itself, given the importance of this matter”.

Cape Town to drive SA’s wealth by 60% over next 10 years

Tawanda Karombo|Published

Cape Town is attracting large numbers of high-net-wealth individuals from other South African cities while it has also become a popular destination for wealthy individuals ...

NUM calls for end to sit-in and hostage protests at Gold One

Tawanda Karombo|Published

The National Union of Mineworkers (NUM) yesterday advised mine-workers at Gold One, whose management insists that there will be no reversal to the mass employee ...

Standard Chartered ready to sink other banks

Tawanda Karombo and Nicola Daniels|Published

As many as 27 other banks were allegedly involved in the scheme that the Competition Commission says had wider implications running into trillions of rand.

Transnet knocks on Treasury’s door as its new board details what it’s done in 100 days

Tawanda Karombo|Published

Board chairperson Andile Sangqu outlines plans to rationalise loss-making activities, dispose of non-core assets and rope in private players in a turnaround bid. ...

Zimbabwe’s Delta Corp says forex supply has improved

Tawanda Karombo|Published

Delta operations director, Max Karombo, said the forex supply and access situation on the official interbank forex market has improved.

Zimbabwe scrambles to resolve cash crunch

Tawanda Karombo|Published

Zimbabwe is trying to clear its arrears with the World Bank and African Development Bank so it can unlock fresh credit lines.

Three Zimbabwe gold mines shut down operations over forex challenges

Tawanda Karombo|Published

Other gold producers in Zimbabwe that include Metallon have also been struggling, managers from some of its operations said.

#ZimbabweShutdown: SA mining companies weather the storm

Tawanda Karombo|Published

Operations at Mimosa and Zimplats were not affected by the #Shutdown protest action that rocked Zimbabwe

No respite for Zimbabwe's battered economy

Tawanda Karombo|Published

There has been no quick respite for Zim?s economy following four days of a massive protest action against steep increases in the price of fuel.

Zimbabwe shuts down all internet connectivity again

Tawanda Karombo|Published

Zimbabwe has blocked up the internet once again, as the government seeks to contain the spreading of information through social media platforms.

Zimbabwe inflation data hugely understated – economists

Tawanda Karombo|Published

The country is battling to tame price increases exacerbated by a foreign currency crunch that has been pushing up prices of goods and commodities.

Zimbabwe asks Tiger Brands and millers to grow wheat

Tawanda Karombo|Published

Zimbabwe is asking grain millers in the country to venture into wheat farming as a way of limiting demand for forex.

Zimbabwe’s new diamond policy allows more than 49% foreign ownership

Tawanda Karombo|Published

Cabinet has now said it will allow two other unnamed companies to venture into diamond mining but has given conditions for this.

Zim's Finance Minister ushers in a new fiscal era

Tawanda Karombo|Published

Economy projected to grow 4?percent this year before reclining to 3. 1% next year against the backdrop of revenues amounting to $6. 6bn in revenues.

More austerity measures for Zimbabwe as deficits ravage economy

Tawanda Karombo|Published

Finance Minister, Mthuli Ncube has piled up further austerity measures for crisis weary Zimbabweans by introducing salary cuts for civil servants.