Smartphones take a hammering, feature phones make a comeback

2018-04-20 08:05

Smartphones in the Europe, Middle East and Africa are coming under pressure as sales slip for a second year.

IDC loans R190m to firm to buy stake in Vantage Goldfields

2018-04-01 08:35

A local minerals and investments company has signed a R190m loan with the Industrial Development Corporation to acquire a 74% stake in the cash-strapped Vantage Goldfields SA to reopen two Mpumalanga mines.

Port St Johns gets R100m boost

2018-01-14 06:00

The small town of Port St Johns on the Wild Coast in the Eastern Cape is set for a facelift with plans for a state-of-the-art R100m holiday resort.

#GuptaLeaks: Confidence game – or how professionals missed massive fraud at Oakbay listing

2017-12-15 17:55

The #GuptaLeaks prove what many have long suspected: the November 2014 JSE listing of the Guptas’ Oakbay Resources & Energy – sponsored by Sasfin Capital, audited by KPMG and banked by Absa – was rooted in fraud.

Entrepreneurs can sew success in clothing sector

2017-12-02 17:14

Female entrepreneurs need to start thinking beyond fashion design if they want to tap into the clothing and textile industry, says an Industrial Development Corporation dealmaker.

IDC legal action against Oakbay 'too little, too late' - banker

2017-11-24 18:26

The Industrial Development Corporation should have foreseen that it was risky to convert a loan to Oakbay Resources into shares, says a corporate banking principal.

Be power smart

2017-11-12 07:07

Newly electrified homes need a way to measure their consumption and Matsotso Vuso’s meter assembly plant is providing the perfect solution, writes Caiphus Kgosana.

Lily Mine to stay closed despite talk of IDC injection

2017-11-05 06:00

Mpumalanga’s Lily Mine will remain closed for now, contrary to reports of a R319 million cash injection from the Industrial Development Corporation (IDC).

Leading the Free State growth path

2017-09-03 06:00

As the newly appointed regional manager of the IDC in the Free State, Nina Yose is well versed in the challenges facing the province.

IDC profit up more than 800%

2017-07-31 15:40

The Industrial Development Corporation has reported a net profit of R2.2bn, compared to the R223m reported in 2016.


IDC to fight Gupta rescuers

2018-04-08 06:00

Practitioners have failed to take over the mine so that it can have a fair chance at being rescued.

Guptas challenge IDC’s lawyers in R287.5m case

2018-01-21 05:52

The Gupta family’s Oakbay group of companies has disputed that the IDC lawyers have the authority to represent the financier in its R287.5m case against the group.

Mpumalanga communities get 16.1% stake in Nkomati coal mine

2018-01-07 06:05

Rural communities in Mpumalanga have been granted a 16.1% stake in a coal mine following a ground-breaking agreement.

Top reads on Fin24: Diamonds and dominance in the Richtersveld, and the IDC sues Gupta-linked firms

2017-12-13 18:48

ICYMI: A roundup of Wednesday's must-read financial and economic news.

Oakbay cries foul on IDC's legal action

2017-11-24 19:34

Oakbay, which faces legal action from the IDC over its failure to pay back R293m owed to the state-owned entity, has called the IDC's actions “spurious and malicious”.

Patel orders Oakbay to pay back R293m

2017-11-23 21:22

Minister of Economic Development Ebrahim Patel gave Gupta-linked company Oakbay Resources until midnight on Thursday to pay back R293m to the Industrial Development Corporation.

Free smartphone offer 'won't compromise your data'

2017-11-10 07:06

User information will be kept safe, promises a retailer which is giving away smartphones as part of a programme to disrupt the traditional mobile business model.

Guptas inflated Oakbay price through trading by Singapore firm

2017-11-02 11:36

The Guptas inflated the share price of Oakbay Resources and Energy on its JSE debut by lending money to a Singapore firm to be used to trade the equities.

Fund a woman, fund a nation

2017-08-13 06:07

‘While manufacturing remains important for a growing and developing economy, I believe equal energy must be invested in the services sector,” said National Empowerment Fund (NEF) CEO Philisiwe Mthethwa at Sun City this week.

We must act now to turn the drought crisis around

2017-07-23 06:51

South Africa is in the middle of a water crisis. You would assume that, after repeated warnings over the past few years by industry stakeholders, we would have changed our attitudes.

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