Edward West

Multimedia Journalist, Business

Nedbank CEO Mike Brown gets a 6. 3% pay increase after bank meets targets

Edward West|Published

Brown said in the annual report that no findings were made against Nedbank in the Zondo Commission reports, but it was recommended that some transactions involving ...

Tongaat Hulett is headed for court to defend its business rescue plan

Edward West|Published

A creditor claims that the business rescue plan unduly favours the consortium buying Tongaat Hulett, the Vision consortium, and a group of financial institutions ...

High Court sets aside government plans to take plant foods off the shelves

Edward West|Published

Consumer body urges the government to formulate new food regulations that cater specifically for plant-based food products.

New infrastructure projects worth R180bn are raring to go - Ramaphosa

Edward West|Published

It is anticipated more than 400 000 jobs, both direct and indirect, will be created during the construction and operation of the 12 projects.

Mondi to merge with DS Smith to create a global packaging leader

Edward West|Published

In one of the biggest multinational corporate deals this year, ...

Transnet secures key leadership with new CEO and CFO appointments

Edward West|Published

Transnet acting CEO Michelle Phillips has been appointed as the CEO of the ailing state-owned logistics group Transnet, while Nosipho Maphumulo has been appointed ...

South Africa taps reserves to tackle debt

Yogashen Pillay , Siphelele Dludla and Edward West|Published

Finance Minister announces R150bn drawdown from contingency reserves.

Budget 2024: Tax incentive for local auto makers to produce electric cars

Edward West|Published

Finance Minister Enoch Godongwana proposed that producers of electric vehicles in South Africa would be able to claim 150% of qualifying investment spending as an ...

Budget 2024: Government to spend R943. 8bn on infrastructure in three years

Edward West|Published

South Africa’s total capital investment of 14. 2% of gross domestic product (GDP) in 2022 is well below the National Development Plan target of 30% and public sector ...

Budget 2024: Treasury says SOE bailouts are unsustainable

Edward West|Published

The financial position of state-owned entities has deteriorated further in 2022/23 due to the weak economy and historically poor performance.

Budget 2024: Government announces social grant increases to cover inflation

Edward West|Published

The government announced increases in its national Budget yesterday to the social grants to keep pace with inflation.

Sanral expects to put R28bn’s road contracts out to tender

Edward West|Published

70 new tenders will be put to the market in coming weeks.

Tongaat’s debt to sugar body remains matter of industry concern

Edward West|Published

Tongaat Hulett’s rescue from liquidation by the Vision Consortium was broadly welcomed by the sugar industry on Friday, but representative bodies still await the ...

Pick n Pay changes management structures to recover lost market share

Edward West|Published

Pick n Pay announced a swathe of senior appointments and created a new retail division in a restructuring to fix its core grocery store brand and recover from its ...

Vision says it has a team in place to turn Tongaat Hulett around

Edward West|Published

The Vision Consortium said yesterday it was grateful its rescue plan for Tongaat Hulett had been approved and a team was in place with a plan to turn around, grow ...

Survey reveals 86% of workers want to return to work

Edward West|Published

One of South Africa’s largest workplace consultancies, Giant Leap, did a nationwide survey that involved canvassing the opinions of several hundred people through ...