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Dec 21, 2024 | 
amabhungane.org | Buyeleni Sibanyoni
With the city in the grip of a crippling water crisis, Johannesburg Water has awarded a questionable R263-million contract to supply water tankers to two obscure companies, both owned and run by directors from the Eastern Cape in their 20s. Nutinox and Builtpro Construction have been hired to supply Joburg with 70 waters tankers for the next three years.
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Oct 8, 2024 | 
bizcommunity.com | Buyeleni Sibanyoni |Dewald van Rensburg
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Join us this Thursday, 10 October 2024, for the third edition of the Daily Maverick Masterclass in Marketing series, hosted by brand and strategy expert David Blyth, Africa Partner - eatbigfish. This session features Sharon Keith, the outgoing marketing director at Heineken Beverages and Abey Mokgwatsane from Investec, who will share their insights on how marketing is evolving in today’s complex business landscape.
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Sep 30, 2024 | 
news24.com | Buyeleni Sibanyoni |Susan Comrie
Eskom's reduction of load shedding can be attributed to a decrease in electricity demand and better performance from the coal fleet. Coal stations like Kusile saw significant improvements, while others like Duvha experienced reduced output. Data confirms that Eskom is not simply burning more diesel to keep the lights on. The Open Cycle Gas Turbine, which burn diesel, is still being used, but far less than in 2023. For more financial news, go to the News24 Business front page.
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Sep 25, 2024 | 
bizcommunity.com | Nqobile Dludla |Buyeleni Sibanyoni |Dewald van Rensburg
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Investec has opened an office in the Dubai International Financial Centre (DIFC), it said on Wednesday, 25 September 2024, in a bid to access deep pools of wealth from wealthy families and individuals in the region. Source: X/@DXBMediaOffice #Dubai International Financial Centre celebrates its 15th anniversary & unveils the @DIFC Hot Air Balloon, which symbolises the centre’s growth journey since its inception in 2004.
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Sep 23, 2024 | 
bizcommunity.com | Buyeleni Sibanyoni |Dewald van Rensburg |Karabo Ledwaba |Brendan Seery
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This World Rhino Day, Sunday 22 September, the Mpumalanga community celebrated the decade of work the Care for Wild Rhino Sanctuary has dedicated to conserving South Africa’s black and white rhino population.
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Sep 19, 2024 | 
bizcommunity.com | Buyeleni Sibanyoni |Dewald van Rensburg |Brendan Seery |Mongezi Mtati
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In its 2024 annual report, Investec Bank remained steadfast in providing extremely limited information on “formal claims” from the German Federal Tax Office concerning its involvement in the “cum-ex scandal” that rocked European financial markets several years ago. AmaBhungane has reported extensively on information suggesting Investec’s complicity in massive tax fraud here, here and here.
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Sep 19, 2024 | 
amabhungane.org | Buyeleni Sibanyoni |Dewald van Rensburg
In its 2024 annual report, Investec Bank remained steadfast in providing extremely limited information on ‘formal claims’ from the German Federal Tax Office in relation to its involvement in the so-called cum-ex scandal that rocked European financial markets several years ago. AmaBhungane has in the past reported extensively on information suggesting Investec’s complicity in massive tax fraud: here, here and here.
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Sep 18, 2024 | 
news24.com | Buyeleni Sibanyoni |Dewald van Rensburg
Investec has maintained its secrecy around financial provisions for potential "outflows" (including penalties) arising from its involvement in allegedly fraudulent cum-ex transactions. The bank is invoking a clause in International Accounting Standards rules to keep its own estimate of the possible damage secret, because full disclosure could "seriously prejudice" the actual outcome.
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Sep 18, 2024 | 
dailymaverick.co.za | Buyeleni Sibanyoni |Dewald van Rensburg
AMABHUNGANE In its last two annual reports, Investec announced financial provisions to cover potential ‘outflows’, including penalties arising from its involvement in allegedly fraudulent ‘cum-ex’ transactions, but the bank is using an ‘extremely rare’ accounting rule to hide the potential scale of the damage.
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Jul 5, 2024 | 
amabhungane.org | Buyeleni Sibanyoni |Dewald van Rensburg |Magnificent Mndebele
A widespread past practice of procuring unlawful emolument attachment orders (EAO’s – better known as garnishee orders) to recover debts directly from defaulting debtors’ salaries may soon result in significant restitution claims against major microlenders. A garnishee is a third party (such as an employer) who is instructed, by way of a legal notice known as a ‘garnishee order’, to surrender money in order to settle a debt.
