Businessman Bret Lang rallies behind Sekunjalo in battle with the banks

Bongani Hans|Published

Bret Lang said he suffered the same heavy-handed business and personal approach that Sekunjalo’s executive chairman, Dr Iqbal Survé, might currently be going through ...

Ex-operator accuses banks of running his multimillion-rand aircraft company to the ground

Bongani Hans|Published

Bret Lang accused five banks, Nedbank, Standard Bank, ABSA, Wesbank, and Investec, of having committed racketeering by allegedly orchestrating the collapse of his ...

Indy condemns Standard Bank’s ‘sickening hypocrisy’

Bongani Hans|Published

Independent Media is not among media groups who hold membership with Sanef, which has cozy relationships with some of the banks, including Standard Bank

Unions applaud Competition Tribunal ruling in Sekunjalo v banks case

Bongani Hans|Published

Cosatu concerned the country’s banks are taking advantage of the state’s weaknesses by behaving as a law unto themselves

Will the sale of Ubank to African Bank hamper transformation in the banking sector?

Bongani Hans|Published

25% of African Bank is owned by South Africa’s big six banks. SARB owns 50% of African Bank, followed by the GEPF, which controls 25%. With the expected sale of ...

Failure of banks to comply with FATF criteria poses a serious threat to economy

Bongani Hans|Published

Instead of acting unilaterally against organisations and persons suspected of engaging in unlawful financial activities, banks should conform to the standards of ...

Government not helping the youth participate in economy

Bongani Hans|Published

Most young people are finding it hard to participate in the country’s economy because the government is not there to help them rise to the occasion, said political ...

Deadline looms for Ithala Bank as it faces challenges to acquire a permanent banking licence

Bongani Hans|Published

As a state-owned entity, if Ithala becomes a fully-fledged bank, it stands to acquire state-bank status in South Africa

A glimmer of hope for bankrupt Coinit investors as cops dig for the truth

Bongani Hans|Published

Those under investigation are Coinit associates Michael de Beer, Malcolm Henry de Beer and Patricia Ursula de Beer who are family members or relatives.

South African banks under fire over their exclusion of black businesses

Bongani Hans|Published

South African banks have all but admitted to having done little to support black businesses financially, and have justified this by saying they were looking at the ...

Disheartened employee speaks out after payout a lot less than he expected

Bongani Hans|Published

Oceana Empowerment Trust (OET) beneficiary Sfiso Buthelezi was left disheartened and enraged with the Trust after his payout after vesting this year turned out to ...

Busting the myth about a R2bn loan from the PIC

Bongani Hans|Published

The PIC had invested R167 million for an equity stake of 25 percent, R133m to acquire an existing portion of a shareholders loan and R285m bridging loan.

Farmers sleep with one eye open as stock theft costs SA R1. 4bn annually

Bongani Hans|Published

Livestock theft is costing the South African economy about R1. 4 billion annually, said Willie Clack, the national chairperson of the National Stock Theft Prevention ...

Big businesses impacted by Covid-19 ‘should have their own recovery plan’

Bongani Hans|Published

Big companies that have been hit hard by Covid-19 lockdown should use reserve investments to revive their businesses instead of looking up to the financially stressed ...

EOH under fire over theft accusation

Bongani Hans|Published

EOH Holdings has been linked to an alleged theft of hundreds of thousands of rand from a workers' investment benefit.

Banks accused of being ’racially selective’ over distribution of R200 billion Covid-19 relief funds

Aishah Cassiem and Bongani Hans|Published

Players in the Black-owned businesses space in South Africa, on top of the tremendous challenges they have faced since the start of the Covid-19 pandemic have revealed ...

Shock at Zuma's decision to have KZN treasury investigated

Bongani Hans|Published

KZN finance chair Sipho Nkosi expressed shock at President Zuma?s announcement that the SIU will investigate the "best performing" treasury in SA.

KZN leader Mchunu woos foreign investors

Bongani Hans|Published

Premier Willies Mchunu appeals for foreign direct investment to help grow KwaZulu-Natal’s economy.

Tender irregularities: 5 firms face charges

Bongani Hans|Published

Charges have been filed against five companies that allegedly colluded with each other to get tenders from the eThekwini Municipality.

KZN lacks skills in government

Bongani Hans|Published

KwaZulu-Natal Premier Willies Mchunu is very concerned about the lack of adequate skills among the province’s public servants.

Protests threaten RBM’s international business

Bongani Hans|Published

Richards Bay Minerals fears losing its international business if communities alongside the mine continue to disrupt its operations.

‘Don’t go down with SA’s economy’

Bongani Hans|Published

Eastern Cape economist urges SA’s wealthy to invest offshore amid rand volatility.

Govt’s steps to stop illegal sand mining

Bongani Hans|Published

As illegal sand mining escalates in KwaZulu-Natal, the government turns to the courts for assistance to curb the practice.

Start your own farms, Cele tells youth

Bongani Hans|Published

Deputy Agriculture Minister Bheki Cele has challenged a poor community to focus on becoming producers.

King steps in over KZN mining

Bongani Hans|Published

King Goodwill Zwelithini intervenes to protect the rights of communities affected by the operations of mining firms in KZN.