Bayer shares down on reports of new Monsanto legal woes

2018-08-16 12:36

Shares in German chemicals and pharmaceuticals giant Bayer have fallen sharply, on media reports of new legal risks stemming from its acquisition of Monsanto.

Canadian start-up seeks testing ground for hyperloop train

2018-08-10 15:33

A Canadian company hopes to build what it bills as the future of public transportation, testing the development of super-fast "hyperloop" trains.

Transnet overpaid by R509m for locomotives - report

2018-08-01 10:57

Transnet has paid R509m more for 100 locomotives after switching a supply contract to a Chinese rail company, according to a report commissioned by the National Treasury.

Sasol sees profit falling up to 11% on R16bn charge

2018-07-20 09:19

Sasol says full-year profit has probably fallen as the world’s biggest producer of fuel from coal takes a R16bn depreciation charge and accounts for expenses on share-based payments.

Transnet bosses liable for rail deal losses, probe concludes

2018-06-21 16:05

Top officials of Transnet should be liable for losses suffered from allegedly irregular and unlawful contracts when it agreed to buy 1 064 locomotives, an investigation concluded.

Damning legal report lays bare Molefe, Singh's roles in Transnet deal

2018-06-18 20:03

Transnet's former CFO Anoj Singh and CEO Brian Molefe either didn't apply their minds, or gave the board inadequate information on a controversial locomotive tender, argues a report by MNS Attorneys.

Unconventional accounting at Gupta-owned VR Laser

2018-06-17 07:07

Gupta-owned VR Laser has been running on borrowed money for years and employing unconventional accounting to downplay losses.

Official designation for Atlantis Special Economic Zone

2018-06-11 18:11

Cabinet has given the go ahead for the designation of the Atlantis Special Economic Zone.

Golden Arrow to hike bus fares as fuel costs escalate

2018-06-06 12:55

As rising petrol prices cause strain, the bus company says hiking fares is 'unfortunate but unavailable.'

Prasa seeks delay in tender case

2018-05-29 12:33

The Passenger Rail Agency of South Africa has asked the high court to delay a second review of contracts worth about R4bn awarded to Siyangena Technologies.

 

Bayer shares plunge after Monsanto cancer ruling

2018-08-13 10:30

Shares in German chemicals and pharmaceuticals giant Bayer have tumbled more than 10% as markets opened, as investors reacted to a shock US ruling against freshly-acquired Monsanto.

MBA program investigating Transnet CEO's qualification

2018-08-06 22:25

A top international MBA programme, which awarded Transnet CEO Siyabonga Gama his degree, says it is investigating allegations 'about academic integrity' involving Gama's qualification.

BP quarterly profit strikes $2.8bn on high oil prices

2018-07-31 10:05

British oil giant BP says that second-quarter net profit rocketed to $2.8bn, energised partly by high crude prices, and hiked its dividend for the first time in four years.

Airbus opens facility for Zephyr high altitude pseudo-satellites

2018-07-16 14:28

Airbus Defence and Space has unveiled the new Zephyr S high altitude pseudo-satellite to the world at the Farnborough Air Show.

Regional operations carry PPC despite 'challenging' SA conditions

2018-06-19 18:27

A robust contribution from Zimbabwe and the rest of its African operations has seen cement producer PPC report a 7% growth in revenue.

Aurora directors in Gupta-VR Laser 'scam'

2018-06-17 09:01

‘Fake’ and ‘absurd’ offer of R250m to buy firm out of business rescue collapses.

US company launches new solar-powered water production device in Cape Town

2018-06-13 05:15

The private sector has a pivotal role to play in dealing with drought and water challenges and US expertise can help, the US consul general in Cape Town has said.

Transnet wasted billions on trains, probe finds

2018-06-11 11:25

Transnet squandered billions of rands and broke a raft of regulations when it altered the terms of a deal to buy 1 064 new locomotives, an investigation by Werksmans Attorneys has found.

Africa needs strong regional airlines, open skies buy-in – Iata CEO

2018-06-05 17:29

Strong regional airlines are needed in Africa to boost trade and travel on the continent, says the International Air Transport Association CEO.

Kenya Air CEO open to SAA pact as ailing carriers restructure

2018-05-29 06:38

Kenya Airways could cosy up to rival South African Airways as the embattled companies seek to narrow the gap with the Ethiopian Airlines Enterprise.

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