Hopes for faster economic activity were dashed on Friday when the Department of Health gave a strong indication that lockdown restrictions would remain in place for much longer.
Corporate governance under spotlight as EOH sues ex-bosses
By Sandile Mchunu
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CORPORATE wars among JSE-listed companies once again came under the spotlight early this week when EOH Holdings laid claims against its former executive directors who were allegedly fingered in corrupt activities during their tenure at the company.
EOH sued its former co-founder and chief executive Asher Bohbot for R1.7 billion over material and reputational damages the company said it suffered from allegedly corrupt contracts he oversaw.
The group is also filing for damages against former chief financial officer John King, former head of public sector Jehan Mackay, and the former head of EOH International, Ebrahim Laher, for a total of R6.4bn.
SAA deal clouded in more controversy iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
You must have been living in a cave
if you haven’t heard of today’s
tech giants and their triumphal
march on share markets. Apple, Amazon and Co have pushed the
Nasdaq, which is heavily weighted in
favour of tech shares, to new highs, and
while businesses are battling worldwide
to shake off the burden of Covid-19, it
appears as if these large tech companies
are immune to the impact.
True, we have no companies on the
FAANG scale, such as Facebook, Apple,
Amazon, Netflix or Alphabet (Google), but
we do have many ingenious technology
entrepreneurs, who are in the right sector
MONEYWEB
app instead?
A new offer has been made to purchase the airline. 00:01
This is Fly Modern Arkâs second bid â in 2020 it offered R100m, with an additional R400m to recapitalise the airline and pay its creditors. Image: Tod Burns
Embattled state-owned airline SA Express is only worth R1, according to aviation company Fly Modern Ark.
The company, headed by businessman Theunis Crous, has tabled a fresh offer to buy SA Express, which is currently in provisional liquidation.
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