Thought Leadership
EWN reports that the lawyer representing Old Mutual CEO Peter Moyo said the fact that the insurer was appealing his reinstatement did not mean that Moyo could not continue to work. Source: Latest News
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Ramaphosa faces surging unemployment problem, with goal of 275,000 jobs a year looking unlikely
BusinessLive writes that President Cyril Ramaphosa has been dealt another blow as SA’s unemployment rate climbed to an 11-year high, nearing the 30% mark. Reducing the unemployment rate and putting the economy on a robust growth path are at the top of the priority list in Ramaphosa’s reform drive. Source: Latest...
President Ramaphosa extends deadline for PIC commission report until end of October
BusinessLive reports that the number of issues coming up at the inquiry into governance at the Public Investment Corporation (PIC) have once again prompted President Cyril Ramaphosa to extend the deadline for the submission of the final report. Source: Latest News
Peter Moyo’s reinstatement as Old Mutual CEO could wreak havoc on share price
BL Premium reports that analysts say that Peter Moyo’s reinstatement as Old Mutual CEO and his legal challenge to have the insurer’s board of directors – including chair Trevor Manuel – declared delinquent could wreak havoc on its share price. Source: Latest News
After peaceful early morning, Tshwane municipal workers resume chaotic protest on Wednesday
ANA reports that after what started off as a peaceful early morning following two days of unrest, disgruntled SA Municipal Workers’ Union (Samwu) members again took to the streets of the Tshwane central business district on Wednesday, blockading roads and upending trash bins to press for higher wages. Source: Latest...
Denel going after former bosses to claw back 'misspent' money, aware of Solidarity’s dossier
TimesLIVE reports that state-owned arms manufacturer Denel says it is pursuing civil and criminal action against former executives following several forensic investigations into alleged fraud and misappropriation of money. Source: Latest News
Old Mutual to appeal court ruling reinstating Peter Moyo as CEO
Bloomberg reports that Old Mutual will appeal a court ruling that the insurer must reinstate its fired chief executive officer, thus preventing Peter Moyo from reporting for duty on Wednesday as he had planned to do. Source: Latest News
MEC wants answers on Tshwane city manager's reported 'R7m golden handshake'
News24 reports that Gauteng Human Settlements MEC Lebogang Maile is demanding answers about the alleged R7m golden handshake set to be paid to outgoing City of Tshwane municipal manager Dr Moeketsi Mosola. Source: Latest News
As labour department raids Randjiesfontein stables, horse grooms demand better living conditions
TimesLIVE reports that cramped rooms, dirty toilets and showers, low salaries and a lack of “job appreciation” were among a multitude of concerns horse grooms raised at the Randjiesfontein racecourse in Midrand during a site inspection by the department of labour on Tuesday. Source: Latest News
Ambulance driver and patient killed on Tuesday in collision with truck on N3 near Cedara
TimesLIVE reports that a paramedic and a patient died when an ambulance collided with a truck on the N3 near Cedara, KwaZulu-Natal (KZN), on Tuesday. Source: Latest News