In the news today: US sanctions on Iran come into force, Tsogo Sun will pay millions for directors’ losses, and SAA may be forced to acquire a strategic equity partner


US imposes ‘toughest ever’ sanctions on Iran

The oil and financial sectors in Iran will take the heat of the US’s latest round of sanctions, said to be the ‘toughest ever’ imposed on the Islamic Republic. Will the oil price be affected?  READ MORE

Tsogo Sun to bail out directors

Executives who face losses on a R200m interest-free loan they were granted in 2014 will be bailed out by the hotel and gaming group, which has seen its debt mount up this year. READ MORE

An equity partner for SAA?

The Minister of Public Enterprises, Pravin Gordhan, says a strategic equity partner may be part of the turnaround package for struggling state-run airline SAA, which includes “cost reduction and commercial reorientation”.  READ MORE

Health scheme merger may disrupt market

Spectramed and Resolution Health have joined forces – and the merger will result in the launch of a new scheme, Health Squared, which promises 11 benefit options and lower premiums for members.  READ MORE

Tanzania not going to privatise insurance body

Tanzania’s National Insurance Corporation (NIC) will not be privatised, despite plans to de-list it from public institutions that are set to be privatised.  READ MORE