SA Money Daily | REVEALED: Heads of travel firm, financial services group behind bid to buy Mango

'Leave before they want you to leave': Outgoing CEO Alan Pullinger on life after FirstRand

View Online SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF, BUSINESS DEPUTY EDITOR REVEALED | Heads of travel firm, financial services group behind bid to buy Mango The founder of a travel company and the CEO of a financial services group are behind the bid to take state-owned airline Mango private. For the past 18 months or so, Mango's business rescue practitioner (BRP) has tried to keep the name of the bidder secret. The low-cost airline's liabilities amount to R3 billion, while it only has around R100 million in assets.  Now, the company that put in an offer to take Mango off the government's hands has been confirmed in court documents.  The proof? A letter that was filed with hundreds of pages of new court documents in the ongoing legal battle between Mango's BRP Sipho Sono and Public Enterprises Minister Pravin Gordhan.  Read More 'Leave before they want you to leave': Outgoing CEO Alan Pullinger on life after FirstRand Outgoing FirstRand CEO Alan Pullinger says his wife is delighted that he'll be taking a break for the rest of 2024, but he says he's not exactly sure what he'll do with himself. Treasury warns the earliest SA can exit FATF grey list is June next year June 2025 is four months later than the date eyed by some in government. A key challenge facing SA is demonstrating a "sustained increase" in investigations and prosecutions of serious and complex money laundering. Santam says fire claims - mostly electrical - hit profitability of commercial property insurance Santam says it is concerned about the impact of fire-related claims on its insured commercial properties, which it says are mostly "electrically-driven" though it says load shedding is not necessarily to blame. SAB takes market share from Heineken as Corona, Stella Artois sales jump South African Breweries (SAB) has delivered record high volumes, amid strong revenue and profit growth, its parent AB InBev's fourth quarter and full-year results showed on Thursday. PetroSA chair with dodgy past resigns after being snubbed for CEO job Nkululeko Poya, the chairperson of PetroSA who had hoped to become its CEO, has resigned after losing the job to someone else. Implats profit almost wiped out as lower metal prices bite - but no job cuts, so far Impala Platinum's revenue dropped 25% in the six months to end-December as platinum group metals prices declined by between 12% and 70%. Net profit plummeted 89% to R1.7 billion. DOWNLOAD THE NEWS24 APP CONNECT WITH US

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