ewn.co.za mixed news headlines
Shein seeks China's permission for US IPO
JOHANNESBURG - Fashion giant Shein has firmly set its sights on listing as a public company in the United States (S). In November 2023, the fast fashion giant reportedly filed confidentially for an initial public offering (IPO) in the US.</
Tongaat Hulett lands sweet deal after creditors approve business rescue plan
JOHANNESBURG - Troubled sugar producer, Tongaat Hulett, has landed itself a sweet deal after the companys creditors finally approved its business rescue plan.A vote was held on Thursday, with the plan scoring an overwhelming majority in its
Eskom escalates power cuts to stage 3 as generating units break down
JOHANNESBURG - Load shedding was on Friday ramped up to stage 3 until Saturday afternoon following a breakdown in some generating units.Eskom said six units had been taken offline while there's been a delay in returning others to service.</
Treasury weighing options on calls for Transnet cash injection - Godongwana
JOHANNESBURG - Minister of Finance Enoch Godongwana says Treasury is weighing its options on calls for a cash injection for embattled logistics company Transnet.The State-owned company has blamed its poor operational performance on a shorta
January 8 statement: ANC expected to charm investors, says Ramokgopa
JOHANNESBURG - Minister of Electricity Kgosientsho Ramokgopa says the governing African National Congress (ANC) is expected to use its January 8 birthday celebrations on Saturday to woo back investors amid concerns of policy uncertainty.Ram
Software giant SAP to pay SA R2bn in restitution for Gupta era corruption
The Money Show interviews economist Dr Iraj Abedian , CEO of Pan-African Investment Research Services. Software giant SAP will pay more than R4 billion (over $220 million) to resolve investigations led by US authorities into schemes to
Despite challenges, Godongwana optimistic of getting investment for SA at WEF
JOHANNESBURG - South Africa is unlikely to be an easy sell to investors at the World Economic Forum, as the country faces a raft of structural challenges and policy uncertainty. These are concerns top of mind for Finance Minister Enoch Godo
COCT wants clear deadline for private sector involvement in Port of Cape Town
CAPE TOWN - The City of Cape Town wants a clear deadline for private sector involvement in the Port of Cape Town amid ongoing reports of inefficiencies.Mayco member for Economic Growth, James Vos, said that with a private sector partner due
Rand manipulation case not over - Competition Commission
JOHANNESBURG - The Competition Commission believes the decade-long rand manipulation case is not over just yet.On Monday, the Competition Appeal Court upheld appeals, reviews, and dismissal applications of 24 of the 28 local and internation