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In Business: Transnet to bleed yet another R150m. ‘Old Mutual snooped on me behind my back’

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In City_Press Business today: A decision by Transnet to suspend work on a R4.2bn project at Durban Container Terminal is set to cost the company R150m; Old Mutual’s now former CEO Peter Moyo has hit back, saying he may take the giant insurer to court

City Press’s Business section is packed with everything from all your business gossip to the numbers you’ll wish you earned. Picture: iStock/Gallo Images

A decision by Transnet to suspend work on a R4.2 billion project at Durban Container Terminal is set to cost the state-owned logistics companyFollowing his surprise suspension hours before an annual general meeting, Old Mutual’s now former CEOa R45 million fee ? Businessman Kholofelo Maponya believes so, and his demand for R45 million in fees for a deal he was already fully funded for led to SA Home Loans CEO Kevin Penwarden requesting to take early retirement.is a potential gold mine and could generate prosperity and jobs from within.that promises to cut emergency medical responses.

 

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