It has been a torrid year for anyone unfortunate enough to have bought shares in property company Bonatla. With the sheriff banging on the company’s door for unpaid debts, next year could be even worse.
The company, founded by the enigmatic Niki Vontas and run by his father-in-law, Robin Rainier, has made an assortment of  announcements [...]

POST OFFICES around the country, draped in christmas lights and tinsel, are clearly bursting with joy at the festive season prospects. But while it seems lawyers around the country are eager to return the favour, the Post Office might not be so keen to accept either of the two gifts that were stuffed down its chimney [...]

In an astonishing scrap, top law firm Smith Tabata Ramsay Webber Buchanan Boyes (STRB) has been effectively accused of empowerment “fronting” by one of its own black shareholders.
This case, originally scheduled for hearing at the Johannesburg High Court, is now headed towards arbitration, but the allegations could have resounding implications for the legal fraternity, which many believe [...]

Jacob Zuma is now the president of the ruling African National Congress (ANC), but the riddle of exactly who provides him with cash is likely to assume greater importance in the coming months.
To hear the ’usual suspects’ tell it,  you’d have to assume that Zuma has his own banknote printing press. That seems about the only [...]

In a decision that will please his detractors but raise questions about the timing, Tiger Brands CEO Nick Dennis has resigned from the post, taking “early retirement”.
Dennis has taken considerable heat for a price-fixing scandal at Tiger Brand’s subsidiary, Albany, that will see the company pay R98m to the competition authorities.
Throughout, Dennis claimed he “didn’t know” [...]

 
Considering Eskom’s prolific record of power blackouts this year, perhaps it isn’t much of a surprise that it has stalled on answering questions on how it managed to pick Hitachi Power Africa as one of the winning bidders for a R20bn contract to build boilers at its Medupi power station.
This is no small matter as [...]

 
Tiger Brands has been justifiably slammed over its role in the bread price-fixing scandal, yet CEO Nick Dennis seems to have gone to ground.  The FM asked Tiger Brands chairman Lex van Vught for his views on the price-fixing scandal.

FM: Do you feel Tiger Brands has been honest and direct over the price-fixing at Albany?
Lex [...]

Sasol may have conceded at its AGM last week that it was reviewing its targets for greenhouse gas emissions, but perhaps it also ought to revisit the assistance it gives to staff the families of staff who die while working for the company.
In the past three years, 25 people have died while working at Sasol, 10 [...]

A few years back, Standard Bank ran a laughable advertising campaign shortly after British bank Barclays bought control of Absa, trumpetting its local flavour. On billboards, Standard Bank bragged it was “101% South African”, which not only raised worrying questions about the mathematical skills of a major bank, but also ignored the 20% of its shareholders [...]