ARTICLES RELATING TO COMPANIES

Facebook asks users to judge trustworthiness of news sources

2018-01-22 11:59

Facebook, which is cutting the amount of news in its news feed, will prioritise information from the publishers that remain on the social network by measuring how trustworthy they are.

Ghana considers pay cut for cocoa farmers as prices stay low

2018-01-19 19:47

Ghana’s government will consider cutting the price it pays to cocoa farmers because a slump that started more than a year ago, shows little sign of abating.

Did bitcoin just burst? How it compares to history's big bubbles

2018-01-17 11:57

Bitcoin’s recent wobbles have given fresh urgency to a question that’s gripped market observers for much of the past year - will the cryptocurrency go down as one of history’s most infamous bubbles?

Tencent-backed video site said to seek $17bn valuation

2018-01-16 20:05

Tencent-backed Chinese start-up Kuaishou is seeking to raise funds at about a $17bn valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia.

Montblanc expands sports watches in Rolex price range

2018-01-15 22:00

Montblanc, the penmaker that began making Swiss watches two decades ago, is shoring up its credentials as it expands with sports models near the Rolex price range.

Bitcoin resumes slide after biggest rally in two weeks

2017-12-28 18:33

Bitcoin has fallen below $15 000 after the cryptocurrency’s biggest rally in two weeks ended a rout that wiped more than $9 000 off the price.

Mondi signs agreement to acquire Powerflute in R5.5bn deal

2017-12-24 11:09

Mondi group has signed an agreement to acquire Powerflute, a division of Nordic packaging, in a deal worth billions.

Uber’s new CEO hires ex-Orbitz CEO as top deputy

2017-12-21 12:14

Barney Harford, the former CEO of online travel site Orbitz, has been named CEO at Uber, making him the second-highest ranking executive at the ride-hailing company.

2017: The year the Bitcoin craze reached Wall Street

2017-12-20 19:06

Bitcoin has burst out of the shadows in 2017, seducing Wall Street and individual investors alike even though many still struggle to understand precisely what it is.

WhatsApp given ultimatum to stop sharing user data with Facebook

2017-12-20 09:18

WhatsApp has been given a one-month ultimatum by one of Europe’s strictest privacy watchdogs, which ordered it to stop sharing user data without getting the necessary consent.

 

Steinhoff sells private jet to US broker as cash runs low

2018-01-20 07:00

Steinhoff International has sold its luxury Gulfstream 550 private jet to US aircraft broker Avpro as it seeks to boost liquidity.

Bank of America's $292m charge tied to Steinhoff turmoil

2018-01-17 16:46

Bank of America has just joined a roster of big US lenders suffering multimillion-dollar burns on their dealings linked to Steinhoff International.

Burberry sales suffer over holidays as new CEO pushes change

2018-01-17 11:10

Burberry's holiday sales have fallen short of estimates as CEO Marco Gobbetti began implementing his plan to give the UK-based trench-coat maker a high-fashion facelift.

Bitcoin tumbles as digital coins resume slide

2018-01-16 13:14

Rival cryptocurrencies have also plunged, as speculators across the globe struggle to determine when or how market watchdogs may crack down on the digital currency market.

Retail caps strong season after Christmas weekend

2017-12-29 19:30

Americans have displayed their buying bona fides in the final run-up to Christmas, turning out in force to produce what may be the best holiday shopping season in years.

CHART: Christo Wiese's 2017 losses dwarf GDP of 13 Africa countries

2017-12-27 10:26

Former Steinhoff chair Christo Wiese, the biggest shareholder in the embattled retailer, has lost more wealth than the gross domestic product of at least 13 of the continent’s countries.

Wiese sells more Shoprite stock as Steinhoff extends plunge

2017-12-21 19:12

Steinhoff's biggest shareholder, Christo Wiese, increased the amount he has raised from selling shares in food retailer Shoprite to R3.3bn as his net worth continues to slide amid an accounting scandal.

Steinhoff faces a firesale, but it's set for a fizzle: Gadfly

2017-12-21 10:07

With the crisis deepening at Steinhoff International, a January sale of its assets looks increasingly likely. But this is not the time to be offloading retail businesses.

Glencore, Apollo said to bid for Rio's last coal assets

2017-12-20 12:15

Glencore and a group led by Apollo Global Management are among bidders set to be shortlisted for the sale of Rio Tinto’s last remaining coal mines, which may fetch more $1.5bn.

Steinhoff fights lawsuits in three countries as crisis continues

2017-12-19 13:13

While shareholders prepare to sue Steinhoff after its steep share decline, a former business partner has beaten them to the punch, filing lawsuits in three countries.

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