Author: admin

The Anambra Police Command has named two perpetrators of the recent brutal murder of worshipers at St. Philip's Chapel. Ozobulu, a member of the Catholic Church, is currently serving a prison sentence in South Africa, they said. The command has revealed that two indigenes of Nnobi and Oba in Anambra State were the masterminds of the incident which left 18 people dead and 10 injured. Before their arrest, the suspects had vowed to carry out further attacks if their unspecified financial demands were not met. Correspondent Bamidele Ajayi reports that during a police investigation, two of the perpetrators, Prince Charles…

walldorf Germany, October 26, 2017 /PRNewswire/ — SAP SE (NYSE: SAP) has voluntarily disclosed the situation in a report. South Africa Business to U.S. authorities responsible for enforcement of the U.S. Foreign Corrupt Practices Act. The company initiated disciplinary proceedings against three employees and made significant changes to its global sales transaction processes. “As a global company committed to integrity and compliance, the past three months have been humbling for us,” he said. Adair Fox Martinis a member of SAP SE's Executive Committee and leads SAP's business in the midmarket and midmarket regions. eastern europe (me), Europe, middle eastand Africa…

TEHRAN – An Iran-South Africa business forum is scheduled to be held on Monday at the Department of International Relations and Cooperation (DIRCO) office in Pretoria, CNBC Africa reported. The forum will be held on the sidelines of the Iran-South Africa Joint Economic Commission meeting, co-chaired by Iranian Foreign Minister Mohammad Javad Zarif and DIRCO Minister Maite Nkoana Mashabane. Minister Zarif will visit the country with the aim of building on the commitments made during President Jacob Zuma's visit to Iran in 2016 and strengthening the discussions held by senior officials on July 18, 2017. . A trade delegation will…

Business Leadership South Africa, the country's largest business lobby, has become increasingly vocal about rising levels of corruption and mismanagement of public assets. Concerns are growing in the country that corruption, particularly the looting of state assets, is embedded in the way business is done. Stephen Freedman has questioned CEO Bonang Mohale as the body representing South Africa's largest and multinational corporations takes a new political stance. To what extent does Business Leadership South Africa represent the country's private sector? The organization represents approximately 75% of South Africa's largest companies. Obviously, their interests are not the same as those of…

Since 1994, few countries in transition have been as successful in seizing control of their finances as South Africa. Just over two decades later, the country's credibility and democratic project are in tatters as it finds itself on a political and financial cliff edge. Business confidence and investment have evaporated along with a clean and responsible government, resulting in South Africa being downgraded to junk status, dashing the country's growth potential and driving it into a debt trap. How did we get into this mess and can we recover from the brink? Financial Mail's award-winning economics editor Claire Biseker unpacks…

Since 1994, few countries in transition have been as successful in seizing control of their finances as South Africa. Just over two decades later, the country's credibility and democratic project are in tatters as it teeters on the brink of political and financial precipice. Business confidence and investment have evaporated along with a clean and responsible government, resulting in South Africa being downgraded to junk status, dashing the country's growth potential and driving it into a debt trap. How did we get into this mess and can we recover from the brink? Financial Mail's award-winning economics editor Claire Biseker unpacks…

JOHANNESBURG – In the heyday of road travel in the early 60s, if you wanted to drive from Johannesburg to Durban, you had to take a winding route from town to town. It was a simple two-lane blacktop road that connected many small towns and provided a scenic and often historic route between two destinations.As road and freight traffic increased, the then National Highways Agency developed a development plan to improve the main roads and make this route more comfortable to accommodate the increased number of vehicles traveling between Johannesburg and Durban. The government has given us this mission. world…

September 19, 2017 at the office of auditor KMPG in Cape Town, South Africa.Reuters/Mike Hutchings Johannesburg – 22 September 2017: South African business lobby suspends KPMG [KPMG.UL] On Friday, it suspended President Jacob Zuma's membership due to the “seriousness” of his actions against his business friends as an auditor over his work. KPMG last week said it had done “significantly less work” for companies owned by the Gupta family, who are accused by watchdogs of improperly influencing the awarding of government contracts. The top management of the South African division was dismissed following an internal investigation. Meets KPMG standards.Business Leadership…

He writes that the fact that a major business firm like KPMG is complicit in a corruption machine is a perfect opportunity for business departments and corporate directors to clarify their own ethical values. Iraj Abedian in daily maverick. KPMG is one of the world's leading providers of audit, tax and advisory services to businesses. The Gupta family has been implicated in former public protector Thuli Madonsela's capture report. They are accused of having significant influence over key cabinet appointments and obtaining lucrative business deals through their friendship with President Jacob Zuma. President Jacob Zuma (right) and President Atul Gupta.…

Foreign spaza owners told reporters last week that recent violent looting in Soweto was due to allegations of fake food in the town. (David Harrison).comment Dormitory style, lack of services, poor security, overcrowding, and noise characterize living conditions in most South African settlements. They remain imagined, spatially separated and alienated from mainstream economic activity. A dusty road full of potholes that gets muddy when it rains. There are rows of chemical toilets outside the house, and the air is filled with stench from open toilets and clogged pipes. Overcrowded, small matchbox-style houses. And the distribution of recreational facilities is limited.…