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MTN CFO resigns

By Njabulo Nkosi The Chief Financial Officer of MTN and executive financial director on the Group’s Board, Nazir Patel, has tendered his resignation with immediate effect. Reasons surround the investigations into allegations made against him. “Patel explained to the company that he does not wish his continued employment with the …

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Student spending high and on the rise

By Njabulo Nkosi With a disposable income averaging around R3, 510 per month, South African students spend approximately 15% more than the average citizen. This was found by the recent Student Village SA Student Spending Report 2013, which looks into the spending and saving patterns of students.

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Zuma hopes for more Japanese business

By Andrew Blane President Jacob Zuma has encouraged Japan to ‘take advantage’ of the South African economy. During a speech prepared for the South Africa-Japan Business Forum on Tuesday, Zuma explained that “Japanese business and investment in South Africa will help build the country”.

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Rand hits four year low

By Njabulo Nkosi The rand is now trading at R10.04 to the dollar and R13.09 to the Euro, which is the lowest it’s been in the past four years. This arrives in the midst of poor economic growth performance, as the economy only grew 0.9% in the first quarter of …

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