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Retailers gearing up to reopen stores after unrest

Retailers gearing up to reopen stores after unrest
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.

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Business owners feel betrayed by the communities they served

Business owners feel betrayed by the communities they served
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.

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Watch: Nthabeleng Likotsi holds press briefing to explain new mutual bank

Watch: Nthabeleng Likotsi holds press briefing to explain new mutual bank
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.

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Steinhoff in hot water as former Tekkie Town owners ask for liquidation

Steinhoff in hot water as former Tekkie Town owners ask for liquidation
By Dieketseng Maleke
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JOHANNESBURG - EMBATTLED Steinhoff International is in hot water again after former owners of Tekkie Town launched an urgent application in the Western Cape high court on Monday to liquidate the furniture retailer.
In court papers seen by Business Report Online, former owners of the footwear retailer said that in 2016, they sold shares to the furniture retailer for R3.2 billion. Then they received shares in Steinhoff that crashed when chief executive Markus Jooste resigned amid allegations of accounting fraud.
Tekkie Town’s former owners launched the application, citing that Steinhoff was unable to pay its debts; its liabilities exceeded its assets by such a margin that Steinhoff has lost more than 75 percent of its share capital. ....

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Mahlako Financial Services announces R1.5 billion energy fund

Mahlako Financial Services announces R1.5 billion energy fund
By Dieketseng Maleke
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In an effort to transform the energy sector, Mahlako Financial Services has announced that it has established a R1.5 billion fund to invest in energy projects across the country that have growth potential.
Speaking to Business Report Online, Mahlako Financial Services co-founder Makole Mupita said the fund hoped to unlock access to capital, especially for black businesses.
“We feel that the energy industry played a critical role in the South African economy and those in the majority must also play a role,” she said.
Mahlako Financial Services is a subsidiary of the Mahlako a Phahla. Mahlako is co-owned by sisters, Makole Mupita and Meta Mhlarhi. ....

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