Flash Briefing: Steinhoff fined; Cell C; Petra; Zondo wants corrupt Transnet bosses to repay R17m


Manage episode 274889832 series 2605825
By BizNews. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
In today's BizNews headlines: * The Johannesburg Stock Exchange is to fine scandal-hit Steinhoff International R13.5m for breaching listing requirements; * SA’s third biggest mobile operator Cell C reported a loss of about R7.6bn; * London-listed SA diamond miner Petra Diamonds has abandoned plans to sell the business in favour of a debt-for-equity restructuring; and * Deputy Chief Justice Ray Zondo, who is heading an inquiry into industrial scale corruption in South Africa, couldn't contain how appalled he was that the former chairperson of state-owned ports and railroad company Transnet Mafika Mkwanazi could not explain why he approved several hefty payments to ex-Transnet CEO Siyabonga Gama. Mkwanazi agreed that his board is liable for R17m and should pay it back. For more on that story, do visit BizNews.com.

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