Fred Platt, the company’s chief executive, told CNBC Africa about their plans as well as how it had to combat fraud in the region of $4.4 million which has been handled legally.
Joffe, who founded the company in 1988 and has been chief executive since 2004, is 68 and has been easing his workload in recent years.
Barclays Plc said on Sunday its board was evaluating strategic options in relation to its shareholding in its African business. The bank will update the market on its plans for Barclays Africa on Tuesday, it said.
Mugabe's lavish birthday parties have become an annual pilgrimage for loyalists and those seeking favours from the veteran leader, but this year's celebration in the drought-battered Masvingo province proved particularly controversial.
Finance Minister Pravin Gordhan said on Friday there were attempts to discredit him and the integrity of the Treasury after receiving a letter from the elite Hawks police unit questioning his knowledge of a suspected rogue unit at the revenue service.
Sexwale had been seen as the outsider in the five-man race.
There is a group of people that are not interested in the economic stability of this country and the welfare of its people, warns Gordhan.
“Anyone with a laptop these days can start an agency and that is kind of where we started."
To be phased in over two years, the excise rate will be lowered by a 10% differential to the spirits excise tariff.
It is in light of this that the Minister of Finance in his Budget Speech announced that a Special Voluntary Disclosure Programme (VDP), a ‘third amnesty’, would be introduced in order to encourage affected taxpayers to regularise their tax and exchange control affairs.
Pick n Pay is committed to creating 5,000 jobs every year until 2020 or alternatively 20 jobs every working day.
Spur’s CEO, Pierre Van Tonder, joined CNBC Africa’s Tumisho Grater in studio to discuss the secret to its success as well as Spur’s future plans.
“The South Africa 2016 Wealth Report” looks at why South Africa's millionaires are leaving the country.
Fitch warns outlook for GDP growth and public finances remain an important part of its sovereign rating assessment.
The world's second-biggest platinum producer said it planned to cut costs by 1.6 billion rand through a strategic review by the end of the 2016 financial year.
At 0645 GMT, the rand had slipped 0.22 percent to 15.6295 per dollar, a one-week trough wiping out the unit's recent rally to a two-month high.
“A key positive was that no hike in personal tax rates was announced."
"There is still no concrete safeguard against the potential loss of South Africa’s investment grade status" - Razia Khan.
This was before Gordhan started the budget speech.
The Minister of Health, Dr Aaron Motsoaledi, recently announced the goal to reduce South Africa’s obesity prevalence by 10% by 2020.