In City Press Business: Nafcoc factions suspend each other; probe into Fabcos companies

City Press Business, August 4 2019
City Press Business, August 4 2019

Here are some of the headlines in the Business section this week.

Probe into Fabcos companies

Two high-ranking officials of lobby group Fabcos are accused of hijacking and awarding themselves shares in entities which received more than R60 million in grant funding from the government.

Nafcoc factions suspend each other

Who is in charge of this once progressive group? Clearly, no one as president Sabelo Macingwane and secretary Stephen sikhosana hold separate meetings to – wait  for it – to suspend each other from Nafcoc. Who will win?

Gold mines will make good for lung sickness

Light at the end of the tunnel for thousands of former mine workers, who contracted TB and Silicosis, as class action gets the go-ahead

Sunlight will reveal the cracks in governance

It’s peculiar that Old Mutual CEO Peter Moyo was made to account for his indiscretions but chairperson Trevor Manuel wasn’t, writes Tebogo Khaas


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President Cyril Ramaphosa says government has set the target of ensuring that at least 40% of goods and services procured by public entities are sourced from women-owned businesses.
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