In July, the company said it would sell a portfolio of seven of its casino and hotel businesses to the Hospitality Property Fund. Hotel and gaming group Tsogo Sun on Monday ditched its proposed disposal of seven mixed-use casino properties to Hospitality Property Fund and also the subsequent distribution of the group’s entire holding of Hospitality shares to Tsogo shareholders after some investors did not support the transaction.
In May this year the Department of Environmental Affairs announced on an ambitious strategy to embark on a “source to sea” initiative to combat plastic pollution. Since then there has been an increased focus worldwide regarding packaging with South Africa being among the countries to join the Clean Seas campaign initiated by the United Nations Environmental Program.
Deloitte has published its annual Executive Compensation Report, showing what top executives earn in South Africa. The 2018 report analyses the remuneration disclosures of executives from JSE listed companies over the past 7 years, and paints a picture of how executive pay has shifted over the years, and a possible way forward.
Small businesses with less than 50 employees can be a prime target for cybercriminals because of the data they hold for clients and employees. The data can fetch a high price if sold or ransomed and can open up new revenue streams for enterprising criminals.
Eskom has approved a plan to cut jobs at a management level in a bid to further save on costs at the group. The power utility said that despite efforts to curb expenditure, its operating costs have continued to increase dramatically while output has remained largely unchanged.
Africa’s most advanced economy held investments steady at 29 projects in 2017. EY’s latest Africa Attractiveness report, which analyses foreign direct investment (FDI) into Africa, shows that South Africa and Morocco are the joint top destinations for FDI on the continent.
The plan by authorities to have drunk driving reclassified as a schedule 5 offence is “laughable”, according to legal professor James Grant.
The Department of Energy has published the fuel price adjustments for November 2018 – announcing no changes to petrol prices, with another nasty hike for diesel. According to the department both grades of petrol (93 and 95) will see no increase of decrease, while diesel will be going up by between 48 and 51 cents per litre (for 0.05% sulphur and 0.005% sulphur, respectively).
Conradie Hospital has been abandoned for 16 years. Now, a plan is finally underway to transform the hospital’s 22-hectare site into an integrated, sustainable, affordable, and mixed-use property development. The construction of the development will take 5 to 7 years.