Name change for Philips Lighting

2018-05-24 14:26

The intention to change the name of Philips Lighting to Signify was recently announced.

Rosneft sees seven-fold increase in profits

2018-05-14 13:45

Russian oil giant Rosneft has announced a seven-fold increase in net profits in the first quarter of the year, with revenues driven by rising oil prices.

Coega SEZ ready to benefit from Ramaphosa's infrastructure drive

2018-05-10 17:27

Foreign investors will put down roots in SA where there is appropriate infrastructure, support and incentives, says Dr Ayanda Vilakazi, of the Coega CDC.

Aspen moves production to new R1bn SA plant

2018-05-08 13:06

Aspen Pharmacare is relocating the production of pharmaceuticals for certain illnesses to South Africa from regions including Europe.

Siemens' gas sites in stoppage over falling demand

2018-05-08 11:33

German industrial conglomerate Siemens will shut down its power and gas sites for a week as it grapples with an "unprecedented downswing" in the market.

Elon Musk outlines plans for yet another business

2018-05-08 10:37

Elon Musk has tweeted plans for yet another side venture: alleviating the housing crisis.

Toyota still top car seller in SA

2018-05-03 05:57

Toyota is still the top seller in South Africa, official statistics released by the National Association of Automobile Manufacturers show.

Hold wrongdoers at Denel accountable - OUTA

2018-04-10 05:15

OUTA has welcomed Minister of Public Enterprises Pravin Gordhan’s replacement of the Denel board and the promise to "follow the money".

Imperial CEO apologises for remarks to employee after ruling

2018-04-04 19:15

Imperial CEO Mark Lamberti has apologised for comments made to former employee Adila Chowan after a court found him guilty of impairing her dignity.

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.

 

Treasury lifts veil on SAA financial report following spat in Parliament

2018-05-16 18:30

National Treasury has elected to release South African Airways' fourth-quarter report, following disagreement among MPs over the confidentiality of the airline's competitive strategies.

Boeing, Lufthansa Group complete 777 order

2018-05-10 17:40

Boeing and the Lufthansa Group have completed an order for four more 777 airplanes, valued at $1.4bn at list prices.

Toyota's upbeat profit forecast, stock buyback lift shares

2018-05-09 11:15

Toyota shares have jumped the most in more than seven months after the automaker announced a stock buyback and gave a profit guidance that assuaged concerns.

EON confirms 2018 targets after surge in customers

2018-05-08 12:15

German energy giant EON has reported a jump in first-quarter profits thanks to a surge in new customers, keeping it on track to meet its 2018 targets ahead of a massive asset swap.

Shell sells stake in Canadian oil group

2018-05-08 11:17

Royal Dutch Shell says it has agreed to sell its near 9% stake in energy group Canadian Natural Resources for $3.3bn to help reduce debt.

SAA: Bail-out or not? #haveyoursay

2018-05-07 17:54

Parliament has learnt that SAA needs another R4.8bn bailout immediately after the recent R10bn bailout received in December 2017. Read the article and have your say.

How race, gender blunder cut short Lamberti's 40-year corporate career

2018-04-19 10:05

In the space of just three weeks former Imperial CEO Mark Lamberti's corporate career came crashing down following a race and gender discrimination ruling.

PPC eyes new markets after two years of turmoil

2018-04-09 12:48

PPC is weighing expansion into new markets as it seeks to draw a line under a tumultuous two years that included an emergency rights issue and takeover interest from competitors.

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.

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