BAT Zim unit stuck with $7m in foreign shareholder dividends

30 minutes ago

The Zimbabwean unit of British American Tobacco says interim cash and cash equivalents have risen by $7m as it is unable to pay foreign shareholders owing to foreign currency shortages.

Software AG to probe Gupta-linked allegations

2017-07-25 15:41

German software company Software AG has told Fin24 it will investigate allegations that its SA office had a kickback agreement with a Gupta-owned company.

Volvo earnings rise 39% on Europe truck gain

2017-07-19 09:30

Volvo’s second-quarter operating profit has risen 39%, buoyed by resilient European demand for trucks and a production cut in the US.

Airbus seals 140-jet China deal, in talks to sell superjumbos

2017-07-05 15:32

Airbus has won orders from China to supply 140 single-aisle and wide-body jets worth $22bn at list prices and says it’s in talks to sell more A380 superjumbos there.

SAA bailout is ‘fiscally neutral’ – Gigaba

2017-07-03 09:41

The bailout of South African Airways is fiscally neutral with no effect on the fiscal framework, according to Finance Minister Malusi Gigaba.

Myeni defiant about attending SAA board meetings

2017-06-27 17:22

SAA board chairperson Dudu Myeni has insisted that she attends all scheduled board meetings, but says she can’t be present where “only one item” is being discussed.

Nestlé targeted in activist's biggest-ever bet

2017-06-26 09:32

Dan Loeb has amassed a $3.5bn stake in Nestlé, targeting Europe’s largest company in the biggest bet of his two-decade career as an activist investor.

Students certified at SA Renewable Energy Technology Centre

2017-06-19 18:38

Fifteen students trained and certified in the internationally recognised Wind Turbine Service Technician programme have graduated.

Global partnerships, new tech part of Nouwens Carpets strategy

2017-06-15 18:39

SA carpet manufacturer Nouwens Carpets is using new technology and a series of strategic partnerships in line with its long term vision.

Insimbi profit jumps

2017-06-13 19:51

Insimbi Refractory and Alloy Supplies has released its annual financial results, with gross profit up 49% from R125m in the previous period to R186m this financial year.


Gigaba: SAA asked for R10bn in bailout plan

2017-07-25 17:14

South African Airways has asked the government for R10bn as part of a recapitalisation plan, according to Finance Minister Malusi Gigaba.

Sasol profit plummets 21%

2017-07-25 11:10

Sasol says its full-year profit has fallen as much as 21% as the economy struggles through a recession and a stronger rand.

Qatar Air joins Gulf rivals in securing laptop-ban exemption

2017-07-06 13:18

Qatar Airways has joined other major carriers in the Middle East in securing exemption from measures barring the use of laptops and other large electronic devices.

Transnet in bid for $400m recap of Zim railways

2017-07-05 10:50

Transnet is bidding for the $400m recapitalisation of the National Railways of Zimbabwe and has submitted bid documents to the State Procurement Board.

Total to sign milestone energy deal in Iran for gas field

2017-07-03 09:17

Iran plans to sign a formal contract with Total SA and China National Petroleum to develop its share of the world’s biggest natural gas field.

Two fire companies admit cartel conduct

2017-06-26 15:05

Two of seven fire control and protection systems companies being prosecuted have admitted to having engaged in cartel conduct, according to the Competition Commission.

Volkswagen workers strike as economic model buckles

2017-06-20 15:07

Workers at Volkswagen’s Slovak unit has begun an indefinite strike over wages, underscoring the risk of a skilled-labour shortage as unemployment plumbs record lows.

Myeni 'profoundly misleading' on Airbus deal – commission

2017-06-19 18:35

The Companies Tribunal has heard that SAA board chairperson Dudu Myeni knowingly misled the public enterprise ministry and shareholders on the Airbus deal.

Strong performance by global airline share prices

2017-06-14 19:32

Global airline share prices have performed strongly in May to be up more than 20% over the past year, reports the International Air Transport Association.

Understanding change catalysts in Africa’s oil and gas sector

2017-06-13 19:26

Africa’s oil and gas industry remains poised for expansion, mainly to the energy appetites of many developed and developing countries across the globe, says an expert.

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