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BROKERS NOTES: Buy HCI, ditch Cashbuild

More Transnet top executive heads could roll

Following the abrupt resignation of Transnet Group CEO Portia Derby after months of pressure, other top executives of the state-owned rail and ports company are said to be on the verge of leaving.

Corrupt ghost trains syndicate involving Transnet staff and accomplices nets R50m in kickbacks

On December 12 last year, four freight trains belonging to Transnet were dispatched from rail yards to Mpumalanga coal mines belonging to Exxaro and Glencore to collect coal destined for the port of Richards Bay, en route to an export destination.

COMPANY NEWS IN BRIEF

Shoprite launches new clothing storeShoprite, South Africa's biggest grocery retailer, launched its first standalone clothing store in Cape Town on Thursday. Called UNIQ, the first.

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