Author: staff
(Witthaya Prasongsin/Getty Images) JSE-listed Bytes Technology Group (BTG), a former subsidiary of Altron, said on Thursday an investigation by its board into undisclosed share trades by former CEO Neil Murphy has found no evidence he was acting in concert with another party.The investigation, with advice from PwC and law firm Travers Smith, also didn’t find any evidence of wider misconduct from Murphy, Bytes said in a statement.Murphy had resigned unexpectedly in February at a board meeting when he was meant to provide his draft response to the UK’s Financial Conduct Authority, which had made enquiries. He had admitted to a…
Nqaba Peter during a Proteas training session in Pretoria this week. (Sydney Seshibedi/Gallo Images) At face value, being a net bowler is considered a thankless and unfashionable responsibility all around the cricketing world. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
Parliament passed the Basic Education Laws Amendment (BELA) Bill. (Trevor Williams/Getty Images) Parliament passed the controversial Basic Education Laws Amendment (BELA) Bill during the National Assembly’s last sitting of the sixth administration, but opposition parties and some sectors of civil society are still intent on preventing the bill’s enactment. The DA, ACDP and Freedom Front Plus are staunchly opposed to the bill. While there is fundamental resistance to the content of the bill – as is the case with a lot of legislation – opposition parties are also concerned about the process followed to pass the bill in what appears to be a rush to get it done…
Former Fidentia boss J Arthur Brown. (Esa Alexander) Old Mutual Unit Trust Managers Limited (OMUT) has won its appeal against a high court order that it must pay more than R1.7 billion in damages to the Living Hands Umbrella Trust after it got caught up in the Fidentia fraud scandal. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news…
EFF president Julius Malema. (X/EFF South Africa) EFF president Julius Malema has commended KwaZulu-Natal police for killing alleged criminals amid criticism that some of the killings could be extra-judicial.Several alleged criminals have been shot dead by police in incidents where, according to police top brass’ accounts, they opened fire first.Six suspects were shot dead, and five were firearms recovered during two separate shootouts with the police on Thursday morning, the police said in a statement. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re…
Ford Ranger XL. (Supplied/Ford SA) In South Africa, bakkies will always be compared for various reasons. Some motorists might like the appearance, but others might prefer the offroad or mechanical capabilities. The debate about which is better will always rage on. Having spent a good amount of time behind the wheel of the Ford Ranger XL, I started to appreciate its workhorse-like characteristics and features that come in handy in real time, instead of just being there “for show”. For reference, the entry point to the Ranger lineup is the base derivative priced from R522 600, while the XL is priced…
Lepelle Northern Water’s office in Polokwane, Limpopo. (Deaan Vivier/Netwerk24) The Special Investigating Unit (SIU) has failed to get an interim interdict preventing a former Lepelle Northern Water (LNW) employee from accessing his pension, pending litigation relating to the alleged unlawful awarding of a tender to a company owned by controversial businessman Edwin Sodi.The SIU approached the Special Tribunal with an urgent application seeking to prevent the former water utility general manager of operations, Ahuiwi Netshidaulu, from being paid out his pension benefits after the termination of his employment in December 2023.The investigating unit asked for the interdict because it intended…
(Nigel Jared/Getty Images) In a busy day for corporate news, both Afrimat and Karooooo managed to please the market with their results, at least initially, as did Southern Sun with its profit forecast. Nampak inked a deal to sell its Nigerian business unit, and Copper360 has an executive chair. In international news, Japanese car giant Honda is doubling down on electric vehicles, planning to spend more than R1.2 trillion by 2030. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to…
Red Bull’s top designer Adrian Newey walks in the paddock at Miami International Autodrome on Saturday. (Chris Graythen/Getty Images) Formula One design guru Adrian Newey says he will probably join a rival team after announcing his intention to leave reigning world champions Red Bull. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
Rise Mzansi leader Songezo Zibi campaigning in Zwelitsha in the Eastern Cape on Thursday. (Supplied / Rise Mzansi) Rise Mzansi leader Songezo Zibi said political education was needed to change the mindset of the Eastern Cape people, who he said have been lied to by politicians for the longest time.Zibi visited the Zwelitsha and Mdantsane regions in the province on Thursday to campaign for his party ahead of the general elections on 29 May. He said they were focusing on political empowerment and civic education as part of the campaign. South Africans need to be in the know if we…