Jordaan's exit seen as well managed – Business Report

Analysts dismissed speculation yesterday that FNB chief executive Michael Jordaan’s departure from the bank he has led for 10 years had anything to do with the controversial advertising campaign flighted earlier this year, pointing out that his contribution to the group had been far too substantial to warrant him being put under any pressure. view […]

Signs of danger – Financial Mail

Bad debts are threatening a seizure in SA’s lending system. First it was Absa. After reassuring the market at the end of 2012 that there was no problem with its bad debt and no need to increase its relatively modest provisioning, three months later it had to make available R1,35 bn to cover newly discovered […]

Raubex posts earnings drop due to penalty provision – Business Day

Listed construction group Raubex said yesterday that revenue climbed 12% in the year ended February. However, profit before tax slumped 8.1% and headline earnings per share dropped 10.5% as a result of a R58.8m provision for a competition commission penalty. view article

Investors sell as Amplats kowtows – Business Report

The government’s apparent bullying of Anglo American Platinum (Amplats) into scaling back its restructuring plan has sent shock waves across the investing community, and threatens to raise fresh doubts about the country’s ability to market its mining sector as an attractive and viable destination for foreign investment. view article

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