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Distell enters partnership on Cruz Vodka

Apr 25 2017 13:16

Distell has entered into a partnership on Cruz Vodka with Blue Sky Brand Company by agreeing to acquire a 75% shareholding in the company.

Financial Services

Banking sector still well capitalised, despite downgrades - analyst

Apr 25 2017 07:49

South African banks remain well capitalised and the recent downgrades should have a minimal impact on their profit margins, says an analyst.


De Beers sells twice as many diamonds

Apr 24 2017 17:46

De Beers has sold almost twice the diamonds it mined in the first quarter as the top producer cleared stocks that piled up after India torpedoed demand in the local gem industry.


Aspen in Competition Commission price-fixing probe

Apr 24 2017 19:36

Aspen says it has not hiked product prices outside the regulatory framework and sees a Competition Commission probe as an opportunity to have allegations against it set aside.


Central Energy Fund mum on fate of PetroSA board members

Apr 24 2017 20:16

The Central Energy Fund declined to comment on a report that its chairperson allegedly asked board members of PetroSA to resign with immediate effect.


US airlines are 'bullies' - Qatar Airways

Apr 24 2017 14:54

The chief of Qatar Airways has accused American carriers complaining over alleged subsidies to Gulf airlines of "bullying".

Financial Services

SIM-swap victims mull legal action against banks

Apr 24 2017 13:24

A man who lost R1.8m from his bank account is part of a growing group of outraged clients gearing up for a legal fight with banks.


Critical price problem for the SA wines

Apr 24 2017 11:53

Cape Town's Vinpro winemakers association says 40% of its 3 200 members are loss-making and 900 have thrown in the towel in the past decade.


Anglo American iron ore, diamond output shines

Apr 24 2017 11:38

Anglo American’s iron ore and diamond output has risen after production increased at its Minas Rio mine in Brazil and the gem market improved.


Leak of draft report on Gupta-owned Tegeta an 'outrage' - Eskom

Apr 21 2017 15:41

Eskom has expressed shock and outrage over a leaked draft report about irregularities in its coal-supply contract with Gupta-owned Tegeta Exploration and Resources.


Travel & Leisure

Tourism opportunities to explore in SA, Russia

Apr 21 2017 13:17

There are opportunities to explore in both Russia and South Africa as tourism destinations, says Deputy Minister of Tourism Elizebeth Thabethe.


Christmas sales boost Clicks results

Apr 21 2017 11:28

Despite a constrained consumer spending environment, Clicks Group has managed to boost sales by 13.1% for the first half of the year.

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So, the worst has finally happened. S&P and Fitch officially downgraded SA to junk status following the ill-timed Cabinet reshuffle.

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