Molefe shoots down rumours
2010-03-15 04:00:01
Brian Molefe, the chief executive of the Public Investment Corporation (PIC), confirmed he was stepping down as head of the country's most powerful fund manager, triggering speculation about the reasons for his departure. His contract expires on April 12.
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Central bank investors warned
2010-03-15 04:00:01
Troublesome Reserve Bank shareholders have been warned not to abuse their powers for "the purposes of self interest". The call from Monde Mnyande, the bank's chief economist and adviser to governor Gill Marcus, on Friday, follows controversy over the role of the central bank's shareholders and calls for the bank's nationalisation.
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Basil Read eyes piece of R45bn public projects
2010-03-15 04:00:01
BASIL Read had earmarked public-private partnership (PPP) projects totalling R45 billion in various industries for work that would be carried out over the next two years, Marius Heyns, the chief executive of the listed construction firm, said on Friday.
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