STOCK TAKE | Transaction Capital's word soup - and govt's 'spustya rukava' problem | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 80%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

STOCK TAKE | Transaction Capital's word soup - and govt's 'spustya rukava' problem News24_Business

, as the Russians would say. It translates to"with sleeves rolled down", meaning doing something in a slipshod, uncommitted manner. That's exactly how the SA government handled an explosive allegation that Russia received weapons in SA.

Another theory is that South Africa is supporting Russia because it wants to demonstrate its non-Western stance and allegiance to China, which has deep pockets and doesn't ask as many questions as the West. The State Capture Inquiry found that CRRC businesses paid billions in kickbacks to Gupta associates and were unfairly favoured in a R54 billion deal to supply Transnet with locomotives.

On Wednesday, its interim earnings release triggered a 35% drop in its share price, as well as a migraine for anyone averse to PR speak. Its other subsidiary Nutun, meanwhile,"leverages South African rand-denominated resources, data, technology and analytical capabilities to drive local and global growth, across customer lifecycle in various sectors". [It runs call centres for debt collections.]

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AYABONGA CAWE: Shift of capital to steel industry will determine its survivalJobs in SA basic iron and steel sector have declined from 2009
Source: BDliveSA - 🏆 12. / 63 Read more »