11 Dec 2017

 By Magda Wierzycka THE failure of Steinhoff has shocked even the most seasoned asset managers. It is the biggest corporate scandal the JSE has seen. Allegations of earnings manipulations, uncontrolled acquisition sprees and tax fraud are just the tip of the iceberg. Off-balance sheet companies were set up to hide losses, executives collaborated with each other to defraud inves...

20 Oct 2017

Currency devaluations and swings in commodity prices have taken their toll on many a private equity investment in Africa in recent years, particularly for those who invested at the height of the Africa bull market between 2005 and 2013. These days, sponsors are picking their targets carefully, with a focus on domestic consumers and non-commodity exporters. When one of the biggest na...

19 Oct 2017

Gosebo Mathope The City appears to have bent over backwards to reinstate an axed former internal auditor. Despite two legal opinions recommending the City of Johannesburg defend its decision to fire an axed internal auditor in court, a settlement agreement The Citizen has seen states that he was to instead receive three months’ salary plus annual increases along with full reins...