Manyane Manyane

Investigations Journalist

ABB ‘admitted to inflating prices in Kusile project’

Manyane Manyane|Published

The revelations were made in the company’s report to the German prosecuting authorities in April 2020 … ABB admitted to the inflation of prices to the US-based international ...

Another couple comes forth with damaging claims against Standard Bank

Manyane Manyane|Published

Standard Bank stands accused of allegedly increasing the prime rate through internal policy, which, according to a financial investigating consultant, is illegal ...

Hundreds lose jobs as FNB seizes Cameroon tycoon’s properties in SA to settle debt of R520 million

Manyane Manyane|Published

Baba Danpullo said he had the accounts of subsidiaries of South African groups seized in Cameroon in order to recover his money.

Recent rains bring good news

Manyane Manyane|Published

South Africa’s agricultural sector is on the road to recovery after the recent rains, according to analysts.

Sit-in shuts Harmony mine

Manyane Manyane|Published

Harmony Gold Mine was forced to shut down operations at its Kusasalethu mine following an illegal sit-in by 1 700 miners.

Aveng, Kutana talks ongoing

Manyane Manyane|Published

Aveng says negotiations for an empowerment deal between Aveng Grinaker- LTA and black women-owned company Kutana Construction are ongoing.

Bauba reopens chrome mine as price rebounds

Manyane Manyane|Published

Mining company Bauba has re-opened its wholly-owned chrome mine Moeijelijk after placing it under care and maintenance.

Fast-food outlets' festive season sales in fast lane

Manyane Manyane|Published

The festive season has a brought some spark in the restaurant business with customers flocking in their numbers for their favourite meals and drinks.

Rental income helps build up Arrowhead’s annual revenue

Manyane Manyane|Published

Property fund Arrowhead said its annual revenue increased 25. 8 percent, boosted by rental income and expenditure recoverable from tenants.

Liberty trying to raise R2. 8bn through listing

Manyane Manyane|Published

Liberty Holdings says the newly established Liberty Two Degrees is planning to raise R2. 8 billion via a listing on the JSE.

New liquor laws will ruin us - traders

Manyane Manyane|Published

Liquor traders are concerned that the government’s new liquor amendment and tobacco laws will damage small and informal businesses.

Trade department throws spanner in Country Bird’s bid

Manyane Manyane|Published

Sovereign Food shares shed almost 8% on the JSE after the Department of Trade and Industry’s takeover regulation put the brakes on its planned takeover by Country ...

Property sector accused of missing BEE targets

Manyane Manyane|Published

The property sector remained untransformed in line with black economic empowerment, said Nkuli Bogopa, the president of the SA Institute of Black Property Practitioners. ...

Tourism to contribute 9% of GDP

Manyane Manyane|Published

The tourism sector should account for 9 percent of SA’s gross domestic product in the next five years, up from 3 percent currently.

RBPlat plans to open next phase of Styldrift

Manyane Manyane|Published

Royal Bafokeng Platinum is planning to open the next phase of Styldrift phase two.

FirstRand to scale down units in India

Manyane Manyane|Published

FirstRand has decided to scale down its exposure to the retail and banking businesses in India.

Sibanye’s Cooke 4 back in business

Manyane Manyane|Published

Sibanye Gold resumes its Cooke 4 operations following clashes between members of rival labour unions.

‘Transformation put on back burner’

Manyane Manyane|Published

The Black Management Forum has accused the government of backtracking on transformation policies in South Africa.

Black businesses ‘still struggling’

Manyane Manyane|Published

Small Business Development Minister Lindiwe Zulu says SA’s journey of transformation still has a long way to go.

Verimark predicts surge in profit

Manyane Manyane|Published

Direct retailer Verimark expects its profit before taxation in its interim results to increase by as much as 185 percent.

Fairvest bulks up portfolio

Manyane Manyane|Published

Fairvest says its property portfolio increased 41. 4 percent to R1. 92 billion for the year to June.

Competition brings down banking charges

Manyane Manyane|Published

Banking charges are becoming more affordable to customers due to stiff competition by SA banks, according to the Solidarity Research Institute’s latest report.

DiamondCorp's Lace mine put back on track

Manyane Manyane|Published

DiamondCorp says production at its Lace diamond mine is expected to meet its target rate of 30 000 tons this month.

African Rainbow Capital invests in CMB International

Manyane Manyane|Published

African Rainbow Capital will invest 29. 9% in CMB International for a stake in independent banking advisory firm Bravura.

Tiger Brands: CFO takes charge in August

Manyane Manyane|Published

SA food manufacturer Tiger Brands has appointed Noel Doyle as chief financial officer.