JSE SENS

Deenadayalen Konar retires from Sappi’s board
JSE SENS

Deenadayalen Konar retires from Sappi’s board

South Africa’s Sappi Limited Deenadayalen Konar will be leaving its board of directors as independent non-executive director after serving thereon for over 15 years. Dr Deenadayalen Konar was appointed to the Board in March 2002 and was appointed to the Audit Committee in 2002 and to the Nomination and Governance […]

Anglo American closes sale of Chrome, Union Mine
JSE SENS

Anglo American closes sale of Chrome, Union Mine

The world’s largest platinum producer, Anglo American Platinum said it has concluded the sale of its 85% interest in Union Mine and its 50.1% interest in MASA Chrome Company Proprietary Limited. These companies are owned by the group’s wholly owned subsidiary Rustenburg Platinum Mines Limited to a subsidiary of Siyanda […]

Embattled CFO of Eskom, Anoj Singh resigns
JSE SENS

Embattled CFO of Eskom, Anoj Singh resigns

The suspended chief financial officer at Eskom, Anoj Singh has tendered his resignation to the company. Eskom is South Africa’s state-owned power company that has been riddled with allegations of corruption and mismanagement that has thrown the company into power cuts and incessant blackouts in recent years. Eskom confirmed in […]

Steinhoff plans to sell 29.5 million PSG shares
Global JSE SENS

Steinhoff plans to sell 29.5 million PSG shares

Steinhoff has announced that it is launching an accelerated bookbuild to place about 29.5 million shares in PSG Group Limited with qualifying institutional investors. The sale of the PSG shares would raise about R7.2bn for Steinhoff [JSE:SNH], which has been struggling with liquidity issues in the wake of an accounting […]

FSB raises fraud alert on MD Fund forex scam
JSE SENS

FSB raises fraud alert on MD Fund forex scam

The topmost financial regulator in South Africa, the Financial Services Board, has raised an alarm on MD Fund, an unregistered forex investment scheme. The FSB warned the public to take caution when dealing with MD Fund which claims to participate in forex trading. According to a Facebook post made during […]