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Southern Cape Business News

Tsogo Sun plans to transfer more hotel assets
Tsogo Sun plans to transfer more hotel assets
2017-03-24 08:52:08 AM
BUSINESS NEWS - South African hotelier Tsogo Sun said it could increase its stake in Hospitality Property Fund to as much as 60% as part of an exchange if it reaches agreement to sell more hotel...
SA's account deficit reaches 6-year best
SA's account deficit reaches 6-year best
2017-03-23 09:12:33 AM
BUSINESS NEWS - South Africa's current account deficit narrowed to its best levels in 6 years in the last quarter of 2016.This emerged when The Reserve Bank released its first Quarterly Bulletin for...
SA’s greatest business tycoons
SA’s greatest business tycoons
2017-03-22 09:30:00 AM
BUSINESS NEWS - As part its ‘South Africa 2017 Wealth Report’, New World Wealth rated the 10 greatest entrepreneurs in SA historyAccording to the organisation, the criteria included:Impact...
VW emissions scandal could spread to SA
VW emissions scandal could spread to SA
2017-03-21 09:03:00 AM
BUSINESS NEWS - A class action lawsuit in the UK over the VW emissions scandal could spark similar cases in other countries, including South Africa.More than 35,000 people in Britain are being...
Is philanthropy part of your wealth plan?
Is philanthropy part of your wealth plan?
2017-03-20 09:49:42 AM
BUSINESS NEWS - According to the latest Nedbank Private Wealth Giving Report, 88% of high net worth individuals in South Africa gave time, money or goods to charitable causes during 2015.  This...
A coup for Nine on Gray
A coup for Nine on Gray
2017-03-19 08:04:00 AM
KNYSNA NEWS - Nine on Gray hair and beauty has welcomed a new world-class addition to their already well-known and experienced team of stylists. Tasha Berchon comes with two decades' worth of...
Sasfin to restructure business
Sasfin to restructure business
2017-03-17 08:35:28 AM
BUSINESS NEWS - Sasfin Holdings aims to separate its diversified business into three distinct businesses – Banking, Wealth and Capital – by mid-year, after a tough interim period. The...
Sell Standard Bank, says stockbroking subsidiary
Sell Standard Bank, says stockbroking subsidiary
2017-03-16 08:31:43 AM
BUSINESS NEWS - SBG Securities, the stockbroking subsidiary of the Standard Bank Group, has issued a sell recommendation on its parent company.In an equities research note sent to its professional and...
Eskom to meet unions over phasing out of coal power stations
Eskom to meet unions over phasing out of coal power stations
2017-03-15 09:41:48 AM
BUSINESS NEWS - Eskom is planning to meet with trade unions this week to discuss the planned phasing out of five coal power stations in Mpumalanga.Unions are up in arms claiming that they were not...
Large outflows from SA equity funds in 2016
Large outflows from SA equity funds in 2016
2017-03-14 10:45:25 AM
BUSINESS NEWS - Over the course of 2016, there was a net outflow of R3.25 billion from retail South African general equity funds. That shows that, generally, the appetite for pure equity funds was...

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