SA Money Daily | Lights out: Business leaders beg Ramaphosa to fix 'national crisis' at Eskom

Pensioners' and single moms' 'halaal' investment 'spent on cars, lux apartments' by ex-CEO

View Online SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF, FIN24 DEPUTY EDITOR Lights out: Business leaders beg Ramaphosa to fix 'national crisis' at Eskom As Eskom and trade unions sit down on Friday to discuss a deal that it is hoped will end a week of labour unrest and intense load shedding, business leaders have written to President Cyril Ramaphosa to say his government's efforts are not enough and more must be done to address the crisis.    Criticism is mounting that government doesn't have the urgency to deal with the electricity supply shortfall with emergency plans emerging from many quarters except the government. And although it appears likely that an end to the strike is on the cards, it has damaged labour and political relations.   The latest suggestions on how new energy generation could be expedited come from CEO of Business Leadership SA (BLSA) Busisiwe Mavuso and CEO of Business Unity SA (BUSA), Cas Coovadia, who have appealed to Ramaphosa urgently "debottleneck regulatory processes" to assure security of supply. Read More Pensioners' and single moms' 'halaal' investment 'spent on cars, lux apartments' by ex-CEO The board of directors of a multibillion-rand property investment company are suing its former CEO for more than R166 million amid allegations that he stole the money during his 10 years at its helm and splurged it on luxury apartments, cars and overseas trips. We aren't nincompoops: Sanral asks DBSA to step in on cancelled tenders The Sanral board cancelled the five tenders after it became aware that management had failed to follow board policy on procurement. 'There needs to be a reckoning': NGO turns up the heat for NPA, Hawks to probe state capture With all parts of the state capture report published, civil society group Open Secrets is gearing up for the new challenge – getting SA's law enforcement agencies to act. Futuregrowth plans R600m fund to invest in SA startups Futuregrowth Asset Management, a South African fixed-income money manager with R193 billion in assets, is raising a fund to invest in startups with a strong developmental impact. Khaya Sithole | Why Zondo's recommendations on cadre deployment are moot Zondo's recommendations on cadre deployment may turn out to be moot leading up to 2024, given the party's disastrous track record, says Khaya Sithole. South Africans have yet to claim R33.5 billion in unpaid life policy and investment proceeds In addition to over R47bn held in retirement funds for members and their beneficiaries, life insurers and unit trust companies are holding over R33bn in unclaimed benefits. DOWNLOAD THE NEWS24 APP CONNECT WITH US

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