PIC Commission heard of another bad investment with Erin Energy

Tshifhango Ndadza

The Public Investment Corporation (PIC) commission has heard how a proposal to exit an investment would have translated into more money for another Sekunjalo company.

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Wrong foreign exchange rate led to Transnet cost escalation: Callard

Francis Callard

Former Transnet electrical engineer, Francis Callard, has told the Commission of Inquiry into State Capture that the wrong foreign exchange rate was used to justify a cost increase in the acquisition of 100 locomotives from Gupta-linked China South Rail.

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Mashaba’s comments on Eskom tariff increase unfortunate: Nersa

The National Energy Regulator of South Africa’s (Nersa) spokesperson Charles Hlebela has described Joburg Mayor Herman Mashaba’s comments as unfortunate.

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Google suspends some business with Huawei after Trump blacklist

Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told Reuters on Sunday.

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CAPM mine workers continue underground wage protest

Over 100 mineworkers at China Precious Metal Company (CAPM) in Orkney near Klerksdorp in the North West remain underground in a sit-in and are demanding a 15 % wage increase.

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British holidaymakers flood concerns on Thomas Cook after share price collapse

British holidaymakers on Sunday flooded troubled tour operator Thomas Cook with concerns about their trips, after its share price collapsed.

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Oil producers meet to discuss output amid Iran tension

Major crude producers are set to meet Sunday to discuss how to stabilise a volatile oil market amid rising US-Iran tensions in the Gulf, which threaten to disrupt supply.

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May to make MPs a final ‘bold offer’ on Brexit deal

Theresa May

British Prime Minister Theresa May said Sunday she was preparing to make a “bold offer” to MPs in one final attempt to get them to back her Brexit deal.

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As bitcoin gyrates, less euphoria in evidence at blockchain gathering

The vibe at a gathering this week for blockchain enthusiasts felt decidedly less exuberant than its predecessor a year ago after dizzying swings in bitcoin.

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