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feed text Adient puts $7.4m into new car trim plant
Fri, 20 Jul 2018 14:30:00 GMT
Automotive supplier Adient South Africa has expanded its local operations through the investment of $7.4m (R100m) in a new trim plant in Rosslyn.
Construction group WBHO has expanded its presence in the UK market further with the acquisition of 60% of contractor Russells Limited.
Nigeria’s Auditor-General Anthony Ayine has advised the Nigerian government to legalise its continuous maintenance of the Excess Crude Account.
Eight of the 15 members of Standard Bank’s executive committee are black Africans writes Karabo Mashugane.
You're unlikely to find anyone who is not a fan of innovation writes Elton Bondi.
text Swiss properties sold for R1.38bn
Fri, 20 Jul 2018 15:30:00 GMT
Stenprop has reported the disposal of 7 properties in Switzerland for a total of R1.38bn.
text De Beers buys Canadian company for R1bn
Fri, 20 Jul 2018 10:30:00 GMT
Anglo American yesterday said that its subsidiary De Beers had bought a Canadian company for about R1.07billion.
MTN customers have lost airtime and data overnight because of a technical error.
Cell C's newly launched UltraBonus will be available from July 19th, 2018
Loon says it will deploy its system of balloons to beam high-speed Internet access with Telkom Kenya from next year to cover rural and suburban areas.
Listed property and property-related investment holding company Calgro M3 has expanded its memorial parks business to include two more provinces.
text Kumba expects drop in headline earnings
Fri, 20 Jul 2018 09:30:00 GMT
Iron-ore producer Kumba said yesterday it expected its headline earnings to fall between 34 and 37percent for the half year to end June.
Luxury clothing brand Burberry destroyed $38m of unsold clothes and other accessories instead of selling them at a cheaper price.
Massmart reported that its total sales for the 26 weeks to end July rose to R41.6bn from R40.78bn last year, while comparable store sales rose 0.2%.
SA companies are happy with the progress of the Angolan five-day trade and investment mission
Ethiopia could increase production of its gluten-free and nutrient-rich cash crop teff.
text EOH appoints Stephen van Coller as new CEO
Fri, 20 Jul 2018 08:26:00 GMT
Stephen van Coller who will be exiting MTN at the end of August will join EOH as its CEO from the beginning of September.
text Services firm joins 4 Africa Exchange
Fri, 20 Jul 2018 13:30:00 GMT
Diversified financial services group Vunani Capital has joined 4 Africa Exchange (4AX) as its newest approved issuer agent.
text Sasol sees profit falling up to 11%
Fri, 20 Jul 2018 09:00:00 GMT
Sasol said full-year profit probably fell as the world’s biggest producer of fuel from coal takes a 16 billion-rand depreciation charge.
South Africa's economy still faces the risk of further contraction, hurt largely by policy uncertainty, economists have cautioned.