SAA to scale back in 3-year break-even bid

2018-03-13 21:05

South African Airways is striving to return to profit in three years by reducing the size of the network and transferring planes to its low-cost carrier as CEO Vuyani Jarana embarks on a recovery plan.

Rolls-Royce to deepen restructuring following earnings surge

2018-03-07 10:26

Rolls-Royce has pledged to deepen restructuring efforts after CEO Warren East’s initial cost cuts helped the aero-engine giant snap years of earnings declines.

PPC shareholder Prudential said to demand chairperson's exit

2018-02-22 16:15

One of PPC’s largest shareholders is pushing for chairperson Peter Nelson to be replaced after talks with potential suitors failed and the company seeks to grow independently.

General Electric on scouting expedition in Zim

2018-02-13 22:00

General Electric South Africa representatives are currently in Zimbabwe to explore investment opportunities, following the country's declaration that it is open for business.

Maersk sees profit growth of up to 43% after 'unusual' year

2018-02-09 09:44

AP Moller-Maersk has predicted its profit for next year will grow as much as 43% after the owners of the world’s biggest shipping company fell short of meeting expectations in 2017.

PPC takes steps to ensure cement supply in W Cape

2018-02-02 22:00

Cement manufacturer PPC has implemented measures in the Western Cape to mitigate the impact of the ongoing drought.

Tata Group head sees big opportunity in financial services

2018-01-23 09:24

The Tata Group sees potential for significant growth in financial services without relying on acquisitions, as the conglomerate looks to sharpen its focus on about half a dozen businesses.

Novus Holdings moves to save water

2018-01-11 18:11

Novus Holdings has reduced its reliance on municipal water, having spent more than R1.7m on initiatives at its Paarl Media Cape division since early 2017.

First BelugaXL super transporter rolls out

2018-01-09 18:01

The first structurally complete airframe for the new BelugaXL rolled out from its assembly hangar in Toulouse, France this month.

ArcelorMittal pays first instalment of R1.54bn price-fixing fine

2017-12-18 17:22

ArcelorMittal SA has confirmed its first payment of R100m of the R1.5bn fine it was slapped with by the Competition Tribunal after pleading guilty to price fixing.


Hisense fridge wins Product of the Year award

2018-03-08 16:10

The Hisense French Door Fridge has won the 2018 Product of The Year award, in the Home Appliances category.

Volkswagen predicts 'renaissance' for embattled diesel cars

2018-03-06 11:00

Volkswagen, whose global emissions-cheating scandal has put the future of diesel engines in doubt, expects consumers to return to the embattled technology - and soon.

Reckitt Benckiser CEO aims for comeback from worst year ever

2018-02-19 10:50

Reckitt Benckiser says it’ll bounce back from its worst year ever as it wrings more savings from its acquisition of baby-formula maker Mead Johnson Nutrition.

Heineken sees Brazil as temporary drag in AB InBev challenge

2018-02-12 10:35

Heineken wants to challenge leader Anheuser-Busch InBev in one of its key markets - and that’s going to cost the Dutch brewer some lost profit.

BP dodges oil-industry gloom as profit jumps with production

2018-02-06 10:45

BP has dodged the disappointment that afflicted other oil-company earnings as it did a better job of exploiting the upswing in crude prices.

Sasol expects strong first half results

2018-01-23 12:59

Petrochemical group Sasol expects to deliver strong first half results, strengthened by solid performance.

BP said to weigh bid for $1.8bn Italian solar company

2018-01-22 16:03

BP is considering a bid for one of Italy’s largest collection of solar assets, according to people familiar with the matter.

New CFO for Etihad Group

2018-01-10 16:53

Etihad Aviation Group has appointed a new group chief financial officer.

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.

Baic to set up R2bn Coega components supplier park

2017-12-10 06:01

Chinese motor manufacturer will build the park in addition to its R11 billion plant, currently under construction.

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