Tag: funds

Fugitive lawyers living large in Australia on ‘fleeced Road Accident Funds’

A wealthy lawyer and his son who fled South Africa after allegedly fleecing Road Accident Fund victims out of millions of rands are living a life of luxury in Australia. ...

SAA to get R5 billion capital injection after plea for cash

South Africa has promised another R5 billion capital injection to help its struggling state airline meet urgent financial obligations, the CEO of South African Airways (SAA) said on Thursday. SAA has not...

Cape Town brewery raises R3m through crowd-funding and plans to go global

A Cape Town brewery known for its creative flavours and brews — including one that uses peanut butter and another that uses sea water — will soon be expanding its reach. ...

R6bn set aside for drought ‘disaster’

Agriculture sector lobby groups have welcomed the declaration of drought as a national state of disaster and said they expected farmers to benefit from the R6 billion earmarked to address the...

Drought-stricken Western Cape declared a national disaster area

The move opens the way for financial and humanitarian aid from the state. The inter-ministerial task team on drought and water scarcity has declared the Western Cape a national disaster area. ...


Eskom’s gain is SA’s pain as investors balk at debt

South African President Cyril Ramaphosa’s latest pledge to support Eskom is good news for the cash-strapped electricity company — but some investors are balking at...


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