News from Moneyweb
Stay current with all the latest and breaking news from Moneyweb. Compare headlines and media bias behind news outlets on stories breaking today.
In total, 3,243 have been published by Moneyweb which Ground News has aggregated in the past 3 months.
The Ground News media bias check for Moneyweb is unknown. Scores are assigned by aggregating bias scores from Ad Fontes Media, Media Bias/Fact Check, and All Sides.
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Top Moneyweb News
Tongaat · Tongaat
Tongaat’s court bid to avoid paying industry levies dismissed
Tongaat Hulett failed to pay industry levies owed to the South African Sugar Association (Sasa) in terms of the Sugar Act and Sugar Industry Agreement. In April this year, the organisation called out Tongaat for failing to settle a R900 million bill with Sasa by the end of 2023.See the Story
Post Office: Dominos fall as state starts defaulting on debts to itself
Somehow it owes Sars R700m … how has it been able to get away with this?See the Story
Latest News Stories
Investec goes head-to-head with EasyEquities
Investec has quietly launched Clarity, a simple no-fees trading platform. There are zero admin fees, platform fees or commissions. Instead, it will generate revenue from an increased spread on trades. Currently, the platform is only available to existing Investec clients. It will be available more widely to South African clients in early 2024.See the Story
Telkom in exclusive talks on sale of towers business
Telkom is in exclusive negotiations with a preferred bidder on the possible sale of its masts and towers business, Swiftnet. The JSE-listed group, which is also a fixed-line phone company, said the preferred bidder is a consortium of equity investors. Telkom spun off its telecom towers and masts into a separate unit.See the Story
PnP takes another thumping from Checkers
Pick n Pay has been interdicted by the High Court in Cape Town from passing off its Crafted Collection products as those of the Shoprite Checkers Forage and Feast brand. The win by Checkers comes as the upper market retail brand of Shoprite Group is gaining market share against Pick n Pay.See the Story
Durban · Durban
It will take months to clear Durban port backlog
Transnet says it will take seven to 15 weeks to clear the 63 vessels at anchor off the Port of Durban. Some importers say delays in offloading containers mean they will miss the Christmas rush. Of these 63 vessels, 20 are destined for the Durban Container Terminals (DCT) Pier 1 and Pier 2.See the Story
Sewage in the sea: City fails to meet Hout Bay permit conditions
The City of Cape Town has been pumping more sewage into the ocean at Hout Bay than is allowed, the city's own data reveals. The sewage does not meet the minimum standards for effluent discharge. ActionSA has now laid a criminal charge for violating the Integrated Coastal Management Act. This is one of three such marine sewage outfalls in Cape Town.See the Story
Glencore built its empire on coal
Glencore has come under growing pressure to stop producing the dirtiest fuel. The company laid out its solution: buying a suite of steelmaking coal mines from Canada's Teck Resources. The move reflects a conundrum facing the mining industry. For producers who still have exposure to coal, investor pressure, especially in Europe, is growing.See the Story
Shoprite execs will be staring in disbelief at this one number
Pick n Pay and Boxer added a net 32 supermarkets in the six months to August. Shoprite added more than five times as many supermarkets. Boxer is doing fine, albeit with a store rollout that is more than 25% behind the level it had targeted just nine months ago. The giant problem facing the controlling Ackerman family is the core Pick n Pay brand.See the Story
Sanral’s cancelled tenders won’t affect Raubex performance
Construction group Raubex has a R6 billion South African National Roads Agency (Sanral) order book. It expects to remain largely unaffected by the recent cancellation of a number of tenders by the roads agency. Sanral withdrew its new preferential procurement policy (PPP) and scoring system late last month.See the Story