Page 15 - Mining Indaba News Today

It opens the way for corruption and worsens the governance problems that led to the power crisis, the mining rights debacle and the failure of ports and railway

All the signs are that there is now a stand-off between government and corporate South Africa, while the business environment deteriorates.

But actions are needed for the sector to grow to its full potential.

London, U.K.-based event organizer Hyve Group has been sold to media-focused equity investment firm Providence Equity Partners, based in Providence, R.I.

The greylisting seems to be the final straw after corporate SA’s longstanding diplomacy

Private equity firm Providence Equity Partners is acquiring the Hyve Group which organizes events in 11 countries under event brands such as Shoptalk, Spring Fair, Bett, Mining Indaba, and the recently acquired Fintech Meetup.

Big business bosses are coming down hard on SA government for its lethargy in responding to the multiple crises we face.

It’s time government stopped looking to business for help every time it fails to deliver

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Retail group TFG, the owner of Foschini, Jet and Markhams, said load-shedding has reduced its full-year turnover in its local operations by R1bn.