Jack Ma says he can’t create 1 million jobs after all

2018-09-20 17:16

Alibaba co-founder Jack Ma says his promise to create 1 million jobs in the US is impossible to fulfill because of the US-China trade war.

MTN surges as Nigeria softens tone on $8.1bn claim

2018-09-20 10:49

MTN shares rose the most in more than six months after the Nigerian central bank softened its stance over claims that Africa’s biggest wireless carrier illegally transferred $8.1bn out of the country.

Meet the billionaire dreamer taking Musk's rocket to the moon

2018-09-18 14:11

In a country known for conformity, Yusaku Maezawa has always sought to stand out.

Nigeria fires back at HSBC after bank criticises President

2018-09-17 18:10

Nigeria has accused HSBC of money laundering after an analyst working for the lender said that a second term for President Muhammadu Buhari may stall economic recovery.

Philippine farmers risk death to save crops from killer typhoon

2018-09-17 10:30

As Typhoon Manghkut hurtled toward the Philippines, those in its firing line had a stark choice: stay or flee. Many chose to remain in order to protect their most precious possessions - their food and livestock.

How corporates keep their hands clean

2018-09-14 11:13

Despite spectacular leaks of documents detailing the scale of the use of tax havens in the past couple of years, there appears to be little will on the part of governments to crack down on the secrecy they offer companies, wealthy individuals and criminals.

Trillion-dollar investors don't mind billion-dollar CEO awards

2018-09-11 14:49

Some of the world’s biggest money managers have backed two unprecedented executive awards this year, emboldening other corporate boards to make colossal bets on their CEOs.

SA land prices drop 32% on land reform change, drought

2018-09-10 17:08

Farm prices have plunged by a third since the ruling party decided to seek a change to the Constitution to make it easier to expropriate land without compensation.

RMB Holdings announces final 183c dividend, 8% rise in normalised earnings

2018-09-07 12:49

RMH’s board declared a gross final dividend of 183 cents per share, bringing the total dividend for the year ending 30 June 2018 to 351 cents.

Bitcoin falls off a cliff again as cryptocurrency slump deepens

2018-09-06 16:54

Cryptocurrencies have dropped sharply for the second time in less than 24 hours, sinking toward a nine-month low.

 

EU tells Facebook 'patience at limit' on consumer rules

2018-09-20 17:15

The EU has warned Facebook to bring its consumer terms in line with the bloc's rules by the end of the year or risk financial penalties.

Jooste-linked Phumelela CEO quits as Steinhoff hurts racing firm

2018-09-19 09:45

Phumelela Gaming and Leisure chief executive officer Rian du Plessis has resigned from the horse-racing firm after 10 years at the helm.

This female CEO is trying to defeat loneliness — and robots are part of her plan

2018-09-17 18:30

The causes of loneliness are hard to measure, because there are so many different factors for different age groups.

Zim's Econet said to be in talks about restructuring

2018-09-17 11:24

Econet Wireless Zimbabwe, which has a market value of $3.1bn, has announced it’s in talks that may affect its share price, urging stockholder caution when trading its securities.

H&M sales beat estimates as Swedish retailer boosted discounts

2018-09-17 09:55

Hennes & Mauritz’s sales have beat the highest analyst estimate as the Swedish fashion retailer offered discounts to clear out inventory.

MTN says Nigeria attorney general overreached in R30bn back tax case

2018-09-12 08:43

The Nigerian Attorney General’s office exceeded its powers when it demanded the MTN Group pay about $2bn (about R30.2bn) in back taxes, Africa’s largest wireless operator said.

Musk scores a much-needed win with successful SpaceX launch

2018-09-10 23:18

Space Exploration Technologies has launched a commercial satellite for Telesat from Florida, marking the rocket company’s 16th mission of 2018.

Tencent and Alibaba bring their battle for supremacy to coffee

2018-09-07 13:15

Chinese internet giant Tencent has upped the ante on rival Alibaba in their race to corner the market for the country’s coffee drinkers.

Sanlam urges SA to tone down on policy to lift growth

2018-09-07 10:29

The government must provide policy certainty and tackle its problems one at a time if it is to pull the country out of its economic malaise, according to Sanlam CEO Ian Kirk.

Uber teams up with Japan taxi firm in bid to crack tough market

2018-09-06 13:01

Uber says it has teamed up with a local taxi firm in Japan, as the ride-hailing service attempts to muscle its way into Asia's second economy.

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