Reserve Bank's prudential authority fines Sasfin R500 000

2019-07-31 11:02

The bank was fined for not complying with certain provisions of the Financial Intelligence Centre Act.

Update: Computicket to appeal R20 million penalty

2019-01-21 12:03

The Tribunal found sufficient evidence to suggest that the ticket seller's use of exclusive agreements between 2005 and 2011 had resulted in anticompetitive effects.

Traffic-weary driver fined for repainting road lines

2017-12-01 07:46

A driver, fed up with sitting in traffic during his daily commute, came up with a brazen way of solving the problem - repainting the lines on the road.

Driver contests speeding ticket, Supreme Court to hear her case

2017-09-20 16:35

An Iowa woman who says she was wrongly ticketed by an automated traffic camera when she wasn't speeding is taking her case involving a $75 fine to the state Supreme Court.

Did Tegeta receive a 75% discount on Optimum fine?

2017-06-23 21:00

Did the Gupta-linked firm Tegeta Exploration & Resources receive a R1.65bn discount on a fine it had to pay to Eskom? The state utility did not deny the figure when grilled on it.

SAA's civil damages burden piles up - lawyer

2017-03-08 06:03

Fines by competition authorities and civil claim awards can result in financial and credibility ‘poverty’ for organisations, such as the R1.16bn fine SAA has received.

MTN denies paying bribe to reduce Nigerian fine

2016-09-23 13:07

The mobile operator has denied it paid a bribe to Nigerian officials to reduce its multi-billion dollar fine as part of settling a dispute over disconnecting unregistered SIM cards.

Enron prophet is shorting MTN on Nigerian, SA woes

2016-05-06 07:04

Jim Chanos, who predicted the 2001 collapse of Enron, said he’s shorting MTN as demand in its biggest markets suffers from falling commodity prices.

Nigeria waives MTN deadline for R74.8bn fine payment

2015-11-16 07:54

MTN says it remains in talks with Nigerian regulators about a fine for failing to disconnect unregistered customers and that a payment deadline has been waived.

Gallery
Explore this interactive timeline from the time the $5.2bn fine against MTN in Nigeria was announced to its temporary freeze on the JSE.

Explore this interactive timeline from the time the $5.2bn fine against MTN in Nigeria was announced to its temporary freeze on the JSE.

0 comments 1389 Views
 

Facebook was just slapped with a record-setting R69 billion fine for mishandling user data, but those users won't see a penny. Here's where that money goes.

2019-07-25 13:45

Facebook's record-setting $5 billion fine from the Federal Trade Commission is going straight to the US Treasury Department.

MTN applies to Nigeria Federal High Court for relief

2018-09-10 16:35

MTN said the aim of its application to the high court aims to protect MTN Nigeria's assets and shareholder rights within the confines of Nigerian law, while the company continues to speak to relevant authorities.

Sphere Monk in Maboneng

2017-11-08 12:40

EU slaps Google with record R35bn fine

2017-06-27 12:40

Google has lost its biggest regulatory battle yet, getting a record €2.4bn (R34.8bn) fine from EU enforcers who say it skewed results in its favour to thwart smaller search services.

DStv explains why commission fined it millions for price fixing

2017-05-26 08:23

MultiChoice says the Competition Commission’s price fixing fine against DStv Media Sales concerned a “long-standing practice” that no longer occurs.

MTN 'appoints' regulatory head after record fine

2016-10-10 13:40

MTN Group Ltd. appointed Felleng Sekha to the newly created position of head of regulatory affairs, part of a management shakeup at the wireless carrier following a record $1 billion fine in Nigeria, according to three people familiar with the matter.

Mercedes fined for unsafe release of Hamilton

2016-07-30 15:22

Lewis Hamilton's Mercedes team were fined 10 000 euros on Saturday for his 'unsafe release' from the pits during the final free practice for Sunday's German Grand Prix.

Fiat Chrysler hit with R1-billion safety issue fine

2015-12-11 10:28

US transportation safety regulators fined Fiat Chrysler more than R1-billion for failure to inform the National Highway Traffic Safety Administration about safety issues.

MTN seeks resolving Nigeria fine within two weeks

2015-11-10 07:43

The mobile operator's new executive chairman Phuthuma Nhleko plans to resolve the company’s $5.2bn fine by Nigerian regulators within two weeks.

MTN resumes trading on JSE

2015-11-02 14:36

Mobile network MTN resumed trading on the Johannesburg Stock Exchange on Monday afternoon after trade in its shares were suspended in the morning.

Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.