Share

Five finance stories you need to know to start your day

Christo Wiese sues Steinhoff, bus strike negotiations remain deadlocked, petrol price set to increase, network operators must roll over data, and SARB warns debt at state-owned enterprises threatens financial stability.

Wiese sues Steinhoff for R59bn

Companies in SA billionaire Christo Wiese’s Titan Group announced on Thursday they are suing embattled retailer Steinhoff for R59bn. The claims relate to investments made by Wiese’s companies in Steinhoff in 2015 and 2016. Wiese stepped down as Steinhoff's chair in December last year. 

Another petrol price knock for SA motorists

The petrol petrol will increase by 49c a litre on Wednesday 2 May, Minister of Energy Jeff Radebe announced on Thursday afternoon.

SA cellphone users will soon be allowed to carry over unused data

Network operators will soon be required to provide customers with an option to roll over unused data, as part of a set of new regulations announced Thursday by the Independent Communications Authority of South Africa.

Nzimande, Oliphant fail to end bus strike as bosses hold firm

After six-and-a-half hours of talk at the Garden Court hotel in Johannesburg, national bus strike negotiations again deadlocked on Thursday evening, with Transport Minister Blade Nzimande and Labour Minister Mildred Oliphant unable to broker a breakthrough between unions and bus operators. 

State firms debt may threaten financial stability

The inability of state-owned entities to roll over debt could threaten South Africa's financial stability and ultimately result in more credit-rating downgrades, according to the SA Reserve Bank. 

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.90
+0.2%
Rand - Pound
23.85
+0.2%
Rand - Euro
20.39
+0.2%
Rand - Aus dollar
12.31
+0.2%
Rand - Yen
0.12
+0.1%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent-ruolie
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders