Ghosn denied bail yet again, trial still months away

2019-01-22 12:45

Carlos Ghosn's bail application was rejected again, even after the fallen car titan offered to wear an electronic tracker and be monitored by guards.

Denel defends appointment of white male CEO as 'top candidate'

2019-01-14 14:17

New Denel CEO Daniel du Toit is the most suitable candidate for the job and was approved by Cabinet, the state-owned arms manufacturer has said.

Nampak ramps up aluminium cans in response to plastic backlash

2018-11-27 21:23

Nampak is ramping up production of aluminium cans as Africa’s biggest producer of beverage packaging responds to consumers’ global retreat from plastic.

Ghosn gone as Mitsubishi joins Nissan in ousting chairperson

2018-11-26 17:13

Within a week of his arrest, Carlos Ghosn, a towering figure in the auto industry, has been removed as chairperson by two of the carmakers in a three-way global alliance.

Sasol forecasts stronger first-half profit on higher oil prices

2018-11-21 13:41

Sasol says it expects to report strong first-half earnings, boosted by higher oil prices and a weaker rand.

Zuma would not hear of any other candidate for Transnet job, except Gama - Hogan

2018-11-12 14:53

Former President Jacob Zuma has insisted on appointing Siyabonga Gama as head of the Transnet against the recommendation of the company’s board, says former Public Enterprises Minister Barbara Hogan.

Yet another suspension at Transnet over Gupta-linked contracts

2018-10-31 21:10

Transnet has suspended its former group supply chain officer Edward Thomas pending investigations into various allegations of misconduct.

Saudis plan energy, metals deals to salvage forum facing outcry

2018-10-23 10:25

Saudi Arabia plans to announce a raft of deals in energy and base metals as it tries to spotlight its annual investment conference, an event overshadowed by international outrage over the killing of a journalist critical of the government.

US, Brazil fine Petrobras $853m for bribery

2018-09-27 15:00

US and Brazilian authorities have fined Brazil's oil giant Petrobras more than $853m for paying bribes to Brazilian politicians and political parties, the US Justice Department announced.

Industrial Development Corp increases disbursements by 40% to R15.4bn

2018-09-26 07:31

Total disbursements from the Industrial Development Corporation increased by 40% to R15.4bn during the 2018 financial year, but more work needs to be done to ensure economic inclusivity said Economic Development Minister Ebrahim Patel.


Tribunal to hear final arguments in fire protection 'cartel' case

2019-01-16 11:52

The Competition Tribunal is set to hear closing arguments in the matter of three fire protection companies, accused of cartel conduct involving tenders.

Huawei woes multiply as France risks becoming next challenge

2018-12-14 13:17

As Huawei’s battles in the US snare its founder’s daughter, a new front is opening up across the pond - in France.

SAA needs R3.5 billion by March, says interim CFO

2018-11-27 11:45

The interim chief financial officer of SAA, Deon Fredericks, has told Parliament that the embattled national carrier has a procurement requirement of R3.5bn by March, and needs to find the money.

Motus Holdings lists on JSE

2018-11-22 12:34

Motus Holdings has unbundled from Imperial Holdings and and listed independently on the the local bourse.

Philip Morris opens first Africa store to stoke demand for alternative cigarettes

2018-11-16 11:07

Philip Morris will open a flagship store in Johannesburg as it tries to stoke demand in Africa for its alternative cigarette known as iQOS, which heats rather than burns tobacco.

Shell steps up buybacks as cash flow surges with oil price

2018-11-01 20:22

Royal Dutch Shell has stepped up its share buyback program as cash flow surged on higher crude prices, even as profit fell slightly short of expectations.

Ex-Audi CEO Stadler freed from jail in diesel emissions case

2018-10-30 15:29

German judges have allowed former Audi chief executive officer Rupert Stadler to be released from prison, while warning that there’s still strong evidence against him in a criminal probe over diesel-emission cheating.

Luxury carmakers are taking a hit as demand in China plummets

2018-10-10 07:11

Europe’s luxury car titans are bearing the brunt of a slump in Chinese auto demand, and investors in India are paying the price.

Siyabonga Gama may soon be out as Transnet head, say sources

2018-09-27 11:57

Siyabonga Gama will be removed as chief executive officer of Transnet, according to two people familiar with the situation.

Denel seeks equity partners to revive funds

2018-09-19 21:06

Denel is seeking equity partners along the lines of its relationship with Germany’s Rheinmetall Waffe Munition as the state arms maker seeks to recover from a liquidity crisis.

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